August 10, 2022

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National Disaster Response Force (NDRF)

Assam’s flood crisis becomes worse and there are now 88 people dead

With the addition of seven additional fatalities on Tuesday, the death toll from the flooding in Assam rose to 88, with an estimated 55.42 lakh people impacted across 32 of the state's 34 districts. The Army works around the clock to help the hurting people, alongside federal, state, and local disaster response organizations like the National Disaster Response Force (NDRF). The seven fatalities were recorded from five districts, according to Assam State Disaster Management Authority (ASDMA) officials. ASDMA authorities report ...
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Flood Forecasting and Warning Centre

Floods in Bangladesh kill 42 people and leave millions trapped

Over the weekend, at least 25 people were killed in Bangladesh by lightning or landslides, leaving millions stranded or homeless in the country's low-lying northeast, where the country is experiencing the worst monsoon floods in recent memory, officials said. According to police authorities in the neighboring Indian state of Assam, at least 17 people have died as a result of the floods that began earlier this month. According to Arifuzzaman Bhuiyan, the head of the state-run Flood Forecasting and Warning ...
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active coronavirus cases

India has recorded 12,847 new cases, totaling over 65,000 infections in 7 days

India reported a 4,848 rise in active coronavirus cases, bringing the total to 63,063. The country ranks twenty-eighth among the countries with the most active cases worldwide. It added 12,847 cases on June 17th, bringing its total caseload to 43,270,577. With 14 more deaths, the overall number of Covid-19 deaths has risen to 524,817, or 1.21 percent of all confirmed illnesses. On June 16, India received 1,527,365 additional Covid-19 vaccine doses, bringing the total number of vaccine injections to 1,958,403,471 ...
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top three Indian medical research institutes

The US  has announced a $122 million fund for India to prevent epidemics that could have been avoided

The US has announced a USD 122 million grant to the top three Indian medical research institutes to prevent preventable epidemics, detect disease risks early, and respond quickly and effectively. The entire funding of USD 122,475,000 will be allocated over five years to the three leading Indian health research institutes: the Indian Council of Medical Research (ICMR), the National Institute of Virology (NIV), and the National Institute of Epidemiology (NIE). The fund, which was announced on Wednesday by the Centers ...
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S&P BSE Sensex

As the anchor investor lock-in period expires, the LIC falls 4%, or 28%, from its issue price

In intra-day trade on Monday, shares of Life Insurance Corporation of India (LIC) fell 4% to Rs 681.70 on the BSE, with the lock-in period for anchor investors expiring on Monday, June 13. The share price of the state-owned insurance behemoth has dropped by 28% from its IPO price of Rs 949 per share. Retail investors were given shares for Rs 905 each at the time of the IPO, while policyholders were given shares at Rs 889 each. The stock ...
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Indian fintech sector

MoS Finance estimates that the Indian fintech business would be worth $150 billion by 2025

According to Minister of State for Finance Pankaj Chaudhary, the rise of Indian fintech firms has been exponential, and the sector is predicted to reach a valuation of USD 150 billion by 2025. Chaudhary said fintech has emerged as one of India's fastest-growing areas, attracting increased attention from all stakeholders, both within and beyond the nation, at a conference organised by industry association Assocham. "While the bulk of Indian fintech businesses is under a decade old, their success and growth ...
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Hindustan Oil Exploration Company (HOEC)

From Mumbai offshore wells, HOEC begins oil production and gas sales

On June 8, Hindustan Oil Exploration Company (HOEC) announced that oil production and gas sales from Mumbai offshore wells D-1 and D-2 had begun. The business started in a stock market statement that both wells - D-1 and D-2 - had been brought online for production after successfully resolving technical concerns encountered during pre-commissioning activities. From ONGC's gas processing plant in Hazira, the firm has begun selling gas to Gujarat State Petroleum Corporation (GSPC). The firm exports processed gas to ...
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Orange alert in Delhi

IMD declares ‘orange alert’ for Delhi and surrounding areas due to a severe heatwave

According to the India Meteorological Department, an 'orange alert has been issued for Delhi and other neighboring locations due to a severe heatwave with temperatures ranging from 44 to 47 degrees Celsius. Haryana, Punjab, Delhi, Uttar Pradesh, and parts of Madhya Pradesh and Rajasthan might be affected by the heatwave. "Orange alert in Delhi. Severe heatwave from June 4 in Haryana, Punjab, Delhi, UP, and parts of MP, Rajasthan. Temp varying b/w 44°-47°. Shall continue for four more days. We ...
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Food and Agriculture Organization's (FAO)

After India’s export ban and the conflict in Ukraine, global wheat prices have risen

Wheat prices have risen on international markets following India's announcement of a restriction on exports of the basic commodity, as well as lower production prospects in Ukraine following Russia's invasion, according to the UN food agency. In May 2022, the Food and Agriculture Organization's (FAO) Price Index averaged 157.4 points, down 0.6% from April. However, the index, which analyses monthly changes in the worldwide prices of a basket of regularly traded food items, was 22.8 percent higher in May 2021 ...
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India, Sri Lanka, Medical Supplies, News,

Sri Lanka receives 3.3 tonnes of critical medical supplies from India

In keeping with its "neighborhood first" policy, India's High Commissioner to Colombo, Gopal Baglay, handed out 3.3 tonnes of crucial medical supplies to the 1990 Suwaseriya Ambulance Service on Friday. During his March 2022 visit to the Suwaseriya Headquarters in Colombo, External Affairs Minister S Jaishankar was informed about the Foundation's impending medical supply shortfall, according to Baglay. The Indian Naval Ship (INS) Gharial was expressly dispatched for this reason, according to the High Commission, in response to the urgent ...
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