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El Niño to trigger drought insurance payouts in four southern African states
El Nino, which brings dry and hot weather to Southern Africa, has...
Dubai faces heavy disruption as flooding worsens
The heavy rains across the desert nation came after cloud seeding....
Insurance losses from U.S. West Coast wildfires to top $8 billion:: Aon
Insurance and reinsurance industry losses from wildfires across U.S. states, including California, Oregon and Colorado, were estimated to be more than $8 billion, according to a monthly report on global catastrophes by Aon Plc. Economic losses from the fires...
Smell, taste changes provide early indication of COVID-19 community spread: Study
“Our research suggests that an increase in the incidence of sudden smell and taste change in the general population may indicate that COVID-19 is spreading,” said study co-author John Hayes, professor of food science at The Pennsylvania State University (Penn State) in the US
Job creation,IT Relief and Rs 900 cr grant for COVID-19 vaccine research In Stimulus 3.0
Employees contribution (12 per cent of wages) and employer’s contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said.
Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees’ Provident Fund Organisation (EPFO) registered establishment taking new employees would get this subsidy.
IRDAI allows e-signature of customers for buying life insurance policies till March 2021
The insurance agents can’t solicit non-single premium unit-linked insurance policies for annualized premium exceeding Rs.50,000 or single premium unit-linked insurance policies exceeding Rs. 1,00,000.
Japan suicides rise as economic impact of coronavirus hits home
According to preliminary police data, the total number of suicides for October was 2,153, an increase of more than 300 from the previous month and the highest monthly tally since May 2015.
Of October’s cases, 851 were women, a rise of 82.6% over the same month in 2019. The number of suicides by men rose 21.3%.
Cases of suicide had been falling steadily until July but then the economic impact of the novel coronavirus outbreak hit home and the numbers started rising, activists say.
Climate finance neglects small-scale farmers – new report
Small-scale farmers currently produce 50 percent of the world’s food calories. However, higher temperatures – together with increased incidences of drought and flooding – destroy crops and livestock and make it difficult for them to continue to feed their communities and earn a living.
“It is unacceptable that the people who produce much of the world’s food, and who are at the greatest mercy of increasingly unpredictable weather, receive the least support. Small-scale farmers living on marginal lands are on the frontline of climate change and should have access to the climate finance they need to adapt their production,”said Gilbert F. Houngbo, President of IFAD..
HC allows Delhi govt to reserve 80% ICU beds for COVID-19 patients in 33 private hosptials
A bench of Justices Hima Kohli and Subramonium Prasad allowed the appeal of Delhi government challenging a single judge’s interim order staying the government’s decision to reserve 80 per cent ICU beds.The high court vacated the stay order passed by the single judge and listed the matter for further hearing on November 26 before the single bench and till then the reservation of 80 per cent of ICU beds will continue.
Bank employees to get 15 % salary hike, PLI scheme introduced for banks
The wage negotiation covered 29 banks — 12 public sector banks, 10 private banks, and seven foreign banks — and 500,000 employees in the banking sector.
A joint statement by the four unions representing the workmen said for the first time, there will be uniform basic, dearness allowance, house rent allowance (HRA), special allowance, and transport allowance. The HRA rate will be 10.5 per cent on pay across the country.
Nepal COVID-19 cases cross 200,000 amid fears of health catastrophe
“The government is not prepared to handle the catastrophic situation. There are no community based isolation centres and ICU beds are limited,” said Aayas Luintel, a doctor who has been treating coronavirus patients in Patan Hospital near Kathmandu.
Santa Kumar Das, of the Tribhuvan University Teaching Hospital, in Kathmandu, said medics were seeing more severe cases of community transmission after relatively mild cases from outside previously.
India to spend $27 billion over 5 years to boost manufacturing
The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles and food products to attract investment, Nirmala Sitharaman said.
The scheme has been designed to ensure that “critical sunrise sectors get necessary support from the government so we are able to build an India which is strong enough to serve the domestic market and link up with the global value chain,” Sitharaman said.