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Eco/Invest/Demography

Women ‘systematically excluded’ from COVID response, despite being worst affected

The data reveals that of 225 COVID-19 task forces up and running across 137 countries, only 24 per cent of members were women.

“Women have been on the frontlines of the COVID-19 response…however, they have been systematically excluded from the decision-making processes on how to address the impacts of the pandemic”, said UNDP chief Achim Steiner

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India reports 40,715 fresh COVID-19 cases, 199 deaths in last 24 hours

Six states — Maharashtra, Punjab, Karnataka, Gujarat, Chhattisgarh and Tamil Nadu — collectively account for 80.90 per cent of the 40,715 infections reported in a span of 24 hours.
The doubling time of COVID-19 cases in India has decreased from 504.4 days on March 1 to 202.3 days on March 23, the Health Ministry said on Tuesday, highlighting that six states have reported a surge in daily new cases and together account for 80.90 per cent of the new infections reported in a day.

Meanwhile, more than 32.53 lakh doses of COVID-19 vaccine were administered on March 22, which is the highest single-day vaccination so far, taking the total number of people inoculated to over 4.8 crore.

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India’s rising coronavirus cases risk denting economic recovery

“There is a restless urgency in the air in India to resume high growth, and incoming data point to even contact-intensive services such as personal care, recreation and hospitality gathering traction,” central bankers led by Deputy Governor Michael Debabrata Patra wrote in the Reserve Bank of India’s latest monthly bulletin. But “another outbreak, more lockdowns and restraints, will get unbearable in spite of learning from the initial experience of living with the virus.

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COVID-19: MHA issues new guidelines, asks states/UTs to follow ‘Test-Track-Treat’ protocol

While talking about vaccination, the MHA said: “While the vaccination drive is proceeding smoothly, the pace is uneven across different states and UTs; and, the slow pace of vaccination in some states/ UTs is a matter of concern. Vaccination against COVID-19, in the present scenario, is critical to break the chain of transmission.”

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Lloyd’s launches pioneering parametric earthquake insurance policy in New Zealand

The new product Bounce is designed to provide New Zealanders with affordable earthquake insurance and fast claims payments, to support customers’ needs following an earthquake and quickly cover immediate expenses incurred. It does this by tracking Peak Ground Velocity (PGV) which triggers payment at levels of 20 centimetres per second and above.

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Danish Red Cross launches world’s first cat bond for volcanic eruptions

Sponsored by the Danish Red Cross with support from insurance group Howden Group Holdings, the cat bond catastrophe bond aims to transform the way disaster aid is activated and deployed by mobilizing humanitarian assistance from global capital markets.

The cat bond aims to raise up to $3 million from investors for aid in the aftermath of an eruption. Initial investors are three insurance linked securities (ILS) specialists, Plenum Investments, Schroder Investment Management and Solidum Partners.By using advanced modeling developed by Mitiga Solutions and blockchain technology developed by Replexus, the bond will raise humanitarian funds in advance, and allow aid to be released more quickly and effectively while offering uncorrelated returns for investors.

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