The entire year saw an inflow of about Rs 171,107 crore, and...
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AstraZeneca reaffirms vaccine safety amidst rare side effect concerns
This comes in the wake of a recent admission by AstraZeneca, the...
Greater collaboration needed among regulators, public, pvt sector to harness fintech’s full potential: DFS Secy
Vivek Joshi,Secretary,Department of Financial Services While the...
AstraZeneca and Oxford say COVID-19 vaccine shows 70% efficacy
AstraZeneca chief executive Pascal Soriot said that the lower first dose of its experimental COVID-19 vaccine meant more people can be vaccinated more quickly, as the British drugmaker unveiled interim late-stage trial results.
“Being able to vaccinate more people faster is a really a big plus,” he told a briefing.AstraZeneca said it would “immediately prepare regulatory submission of the data to authorities around the world that have a framework in place for conditional or early approval.”
The Astra vaccine does not require ultra-cold storage which may make it easier to administer than the Pfizer-BioNTech shot, which needs to be refrigerated at -70 degrees.
Airline body IATA develops mobile apps for COVID-era travel
“Our main priority is to get people travelling again safely,” IATA security chief Nick Careen said. “That means giving governments confidence that systematic COVID-19 testing can work as a replacement for quarantine requirements.”
Passenger health and other data are not stored centrally but authenticated with blockchain, leaving consumers in control of what they share, IATA said.
Top private employer sees jobs in India rising to pre-Covid levels
India’s unemployment rate eased to 6.98% in October from as high as 23.5% in April, according to private research firm Centre for Monitoring Indian Economy. Isaac echoed the figure, saying the rate will return to pre-Covid levels of 6%-7% with the construction and real estate sectors fueling demand for jobs.
Google faces regulatory scrutiny in Britain over ‘Privacy Sandbox’ advertising data revamp
The complaint follows up on concerns about Google’s new system that the watchdog raised in a July report about online platforms and digital advertising. The report recommended the British government adopt a new regulatory approach to governing digital giants making big money from online ads.
Google said the new technology will increase privacy for users while also supporting publishers.
Meanwhile,Russia has opened a case against U.S. tech giant Google for failing to remove banned content from its search engine, communications watchdog Roskomnadzor said on Monday.
S&P sceptical of allowing corporates into Indian banking
“The working group’s concerns regarding conflict of interest, concentration of economic power, and financial stability in allowing corporates to own banks are potential risks,” S&P Global Ratings said in a note.
A former RBI governor, Raghuram Rajan, and a former deputy governor, Viral Acharya, also criticised the proposal, calling it a “bad” idea.
Even though India needed more banks it was not wise to allow industrial houses into banking as the history of such inter-connected lending showed it could be disastrous, they said.
Will India’s banking system go from being state-dominated to tycoon-led?
The regulator mustn’t take the public’s trust for granted. The IL&FS debacle shows little institutional capacity to stop mischief outside the balance sheet of a traditional bank.
The report came just as the regulator solemnised the sale to Singapore’s DBS Group Holdings Ltd. of one such lender, the third failure of a major deposit-taking institution in 15 months. Before that shotgun marriage, the country had 22 universal banks (and 10 so-called small finance banks) in the private sector, with a 30% share of deposits, up from 13% two decades ago. Foreign banks’ low 5% share has remained unchanged. Dominant public-sector banks’ market share is down to 65%, from 82% in 2000.
LDF govt puts on hold controversial Kerala Police Act amendment
Opposition parties have slammed the amendment, brought through an ordinance, providing for imprisonment up to five years to those making defamatory social media posts, saying it was against freedom of speech and the press.
Kerala’s new law imposes 5-year jail term or fine of Rs 10,000 for offensive post
Expressing concern over the rising crime graph, fake propaganda and hate speech on social media since the outbreak of COVID-19, the LDF government had said since cyber attacks are amajor threat to private life, it has been decided to amend the Police Act as the existing legal provisions were inadequate tofight such crimes.
Europe to lift Boeing 737 MAX grounding in January, follows US action
“We wanted to carry out a totally independent analysis of the safety of this aircraft, so we performed our own checks and flight tests,” Executive Director Patrick Ky told the Paris Air Forum, an online aviation conference hosted by La Tribune.
“All these studies tell us that the 737 MAX can return to service. We have started to put in place all the measures,” he said. “It is likely that in our case we will adopt the decisions, allowing it to return to service, some time in January.”
Second Covid-19 wave can hit like tsunami:Maha CM
Addressing the state this evening, Thackeray reiterated that the best possible preventive measures are wearing a face mask, physical distancing, cleanliness and avoiding overcrowding in public places.
“We don’t have the vaccine yet, nor is there any treatment. So we have to stick to the preventive measures till then. Don’t be under any mistaken impression that because everything is being opened up, the coronavirus has been conquered,” he warned.