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Developing countries, China seek ‘loss and damage’ fund – draft proposal
The subject of loss and damage has for the first time been included...
India submits long-term strategy to achieve net-zero target by 2070
Bhupender Yadav,Union Environment Minister India's approach to...
China’s Wuhan lockdown ends, but another begins as local coronavirus cases rise
Asymptomatic patients and imported infections have become China’s chief concern.
Mainland China’s new coronavirus cases doubled in 24 hours as the number of infected overseas travellers surged, and new asymptomatic infections more than quadrupled.
Climate-change effects to drive rising losses from severe weather events:Sigma study
Worldwide, economic losses from natural and man-made disasters in 2019 were USD 146 billion, lower than USD 176 billion in 2018 and the previous 10-year annual average of USD 212 billion. The global insurance industry covered USD 60 billion of the losses, compared with USD 93 billion in 2018 and USD 75 billion on average in the previous 10 years.
“To uphold the insurance risk transfer model as a powerful tool to foster resilience, insurers need to adapt before, not post events,” Martin Bertogg, Head of Catastrophe Perils at Swiss Re said. “To this end, insurers should be wary of historical loss records in understanding today’s state of the socio-economic environment and climate. Averaging out over a past spanning multiple decades can lead to distorted risk assessment.”
IRDA allows 3 months moratorium on repayment of term loans sanctioned by insurers
IRDAI has allowed insurers to grant a moratorium of three months towards payment of instalments falling due between 1st March, 2020 and 31st May, 2020. The repayment schedule for such loans and also the residual tenor, will be shifted across the board by three months subsequent to the moratorium period.
SC asks Centre to make COVID-19 tests in pvt labs free of cost
“We, thus, issue following interim directions to the respondents: (i)The tests relating to Covid-19 whether in approved Government Laboratories or approved private Laboratories shall be free of cost. The respondents (Centre and other authorities) shall issue necessary direction in this regard immediately,” the bench said.
Doctors, healthcare workers are warriors, have to be protected, SC tells Centre
“They (doctors and healthcare professionals) are warriors. They have to be protected,” the bench observed, adding, “You have to think how to start production. Service sector is working from home. Their well being and mental health is also important”.
Lockdown won’t be lifted in one go, PM Modi hints at all-party meeting
The meet comes amidst indications that the Central government may extend the lockdown across the country beyond April 14 after several states have favoured the extension to contain the fast-spreading virus, as the positive cases in the country show no signs of any let up.
China sees slight rise in new coronavirus infections as imported cases jump
China reported 63 new cases on Wednesday, up from 62 a day earlier, the National Health Commission said.Of those, 61 involved travellers arriving from overseas, the health authority said on Thursday, the most since March 25.That brings the total number of confirmed cases in mainland China to 81,865.
Speed of coronavirus deaths shock doctors as New York toll hits new high
Patients “look fine, feel fine, then you turn around and they’re unresponsive,” said Diana Torres, a nurse at Mount Sinai Hospital in New York City, the center of the nation’s worst outbreak. “I’m paranoid, scared to walk out of their room.”
Van Gogh heist focuses collectors’ attention on security systems
In New York, where museums and galleries have shuttered and art-lined apartments and townhouses stand empty, some are taking added precautions. Jordan Arnold, head of art risk advisory services at K2 Intelligence FIN, said he’s had numerous conversations recently with clients about security concerns. Lawyer Thomas Danziger said one client, a jeweler, has removed everything from the store in case of theft. Others have put their artwork into storage.
COVID-19 death toll rises to 114, number of cases climbs to 4,421: Health Ministry
a PTI tally based on figures reported by states directly on Monday night showed at least 138 deaths across the country, while the confirmed cases reached 4,683. Of them, 359 have been cured and discharged.