President Droupadi Murmu The Government is going to take yet...
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Nearly 50 adults in India insufficiently physically active in 2022 Lancet Study
They projected that in 2030, 60 per cent of the adults could be...
Apple unfairly fired an employee for making racist comments, says UK judge
The UK’s legal regime encourages employers to aim for a zero...
IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’
But it warned that the world economy continued to face “exceptional uncertainty” and new waves of COVID-19 infections and variants posed risks, and global activity would remain well below pre-COVID-19 projections made one year ago. IMF chief economist Gita Gopinath said U.S. President Joe Biden’s pledge to fund the World Health Organization’s COVAX vaccine initiative marked “a very big step” to containing the pandemic and ensuring more equitable distribution of vaccines.
“Much more will be needed, because as we can see, given the mutating virus, that this is not a problem that’s going away anytime soon,” Gopinath told a news conference. “There is still a tremendous amount of uncertainty,” she told Reuters in a separate interview. “We know that the health crisis is not over until it’s over everywhere.”
Over 1.95 mn people vaccinated against Covid-19 in India: Health ministry
A total of 348adverse events following immunisation (AEFIs) were reported till 7.10 pm on the 10th day of the vaccination drive.
“The countrywide COVID-19 vaccination programme was conducted successfully on the 10th day in the states and Union territories,” the ministry said.
India records 9,102 fresh COVID-19 cases, 117 fatalities in a day
According to the health ministry, 1,03,45,985 people have recuperated from the disease so far pushing the national COVID-19 recovery rate to 96.90 per cent. The case fatality rate stood at 1.44 per cent.
There are 1,77,266 active cases of coronavirus infections in the country which comprises 1.66 per cent of the total cases reported so far. It was for the seventh consecutive day that the active caseload remaind below 2 lakh.
Brazil’s Bolsonaro gives nod to private sector buying COVID-19 shots, AstraZeneca balks
AstraZeneca, however, said in a statement on Tuesday that all of its vaccine supply “at this moment” is only available to governments and multilateral organizations around the world. “It is not possible to make vaccines available to the private sector,” it said. Several companies denied reports that they had joined the initiative, including hospital group DASA SA, which said in a statement it is seeking to understand the commercial availability of vaccines through its suppliers.
RBI says it is open to exploring possibility of digital version of fiat currency
“In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks.”Nevertheless, the RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it,” the RBI said in its booklet on ‘Payment Systems in India — Journey in the Second Decade of the Millennium’.
Global life insurers impose restrictions, worried about long-term pandemic risks
Life insurers, including Prudential Financial Inc, and Aviva PLC, are now imposing waiting periods before COVID-19 patients, including those who have recovered, can apply for coverage, executives and spokespeople said. Some are also limiting coverage for certain age groups.
Infosys, TCS, Cognizant join WEF coalition to tackle workplace racism
”With just 1 per cent of Fortune 500 companies led by Black chief executives, the need to tackle racial under-representation in business is urgent and obvious,” WEF Managing Director Saadia Zahidi said.
The founding members of the coalition also include AP Moller-Maersk, AlixPartners, AstraZeneca, BlackRock, Bloomberg, Boston Consulting Group, Bridgewater Associates, Centene, Cisco, Cognizant, Dentsu International, Deutsche Bank, EY, H&M, Henry Schein, HP and IKEA.
Job losses from virus four times as bad as 2009 global financial crisis: UN
“This has been the most severe crisis for the world of work since The Great Depression of the 1930s. Its impact is far greater than that of the global financial crisis of 2009,” said ILO Director-General Guy Ryder.
Cairn Energy threatens to enforce arbitration award against Indian assets overseas
Cairn was awarded damages of over $1.2 billion plus interest and costs in a long drawn-out tussle over a tax dispute and the Indian government is now liable to make this payment. An Indian official, however, said at the time the government would likely challenge the order.
If India does not comply with the order it would be a violation of international rules on arbitral awards, commonly called the New York Convention, Cairn said in a letter addressed to the Indian High Commission in London.
IRDAI unveils `Standard Individual Immediate Annuity Product”, to be mandatorily offered by life insurers from Apr 1
The entry age for a customer to buy an annuity product is 40 years and maximum age is 80 years.The minium annuity amount under the proposed policy will be Rs. 1000 per month, Rs. 3000 per quarter, Rs. 6000 per half year and Rs. 12000 per annum.
Though pricing is left to the insurers, annuity rates should be derived based on actuarial principles and ensure that such annuity rates are fair and reasonable to customers.
Soon customers, needing pension products, could get an opportunity to buy guaranteed return products from the National Pension System (NPS) for building their retirement corpus. So far, the NPS has remained a market-linked pension scheme.