The social media giant said the India-specific Elections Operations...
Category:
Eco/Invest/Demography
Latest
French competition watchdog hits Google with 250 mln euro fine
The watchdog said Google's AI-powered chatbot Bard - since...
Records smashed – new WMO climate report confirms 2023 hottest so far
Celeste Saulo (centre), Secretary-General of the World...
Nearly seven crore tests conducted in India for detection of COVID-19
“Evidence has revealed that higher numbers of testing subsequently leads to lowered positivity rate. States that are testing the highest numbers are also reporting a gradual decline in the positivity rate,” the ministry said.
Primary healthcare focus area of govt: Kant
Niti Aayog CEO Amitabh Kant said by increasing spending on healthcare, reducing out of pocket expenditure and ensuring availability of qualified doctors, India can provide a continuum of care.
Puducherry Lieutenant Governor Kiran Bedi, Kant further said the Pradhan Mantri Jan Arogya Yojana (PMJAY), which is a digital, portable and cashless health insurance scheme, is one of the most remarkable steps in this direction.
Lloyd’s of London CEO expects appeal over UK business insurance judgment
When asked on a panel at a conference organised by insurance buyers’ association Airmic if he expected an appeal, Neal said “yes”, adding that due to the complexity of disputes over policy wordings, “cases run for a period of time”.
The FCA has said the case could affect more than 60 insurers, 700 different types of policies and 370,000 policyholders, as many policies have similar wordings.Businesses, their lawyers and insurance brokers have urged insurers to pay claims as soon as possible to relieve financial distress.
LIC, GIC Re & New India Assurance are Domestic Systemically Important Insurers, need enhanced supervision:IRDAI
“D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF) ABD we have asked these three institutions to raise the level of corporate governance and identify all relevant risk and promote a sound risk management culture.This perception and the perceived expectation of government support may amplify risk taking, reduce market discipline, create competitive distortions, and increase the possibility of distress in future,said IRDAI
India plans $4.6 billion in incentives for battery makers in electric vehicle push – document
Though keen to reduce its oil dependence and cut down on pollution, India’s efforts to promote electric vehicles have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations. Just 3,400 electric cars were sold in the world’s second-most populous nation during the last business year, compared to sales of 1.7 million conventional passenger cars.
As foreigners depart, Singapore sees population drop for first time since 2003
“We must be careful not to give the wrong impression that we are now closing up and no longer welcoming foreigners,” Prime Minister Lee Hsien Loong said in a speech earlier this month, after an election in which opposition parties criticised the government’s immigration policies as too slack.
Singapore’s non-resident population has more than doubled over the last 20 years, powering population growth in a city-state with one of the world’s lowest birth rates.
Bihar CM shares state’s sustainable development efforts at UN climate roundtable
Despite having one of the highest population density in the world, we are promoting food forestry to ensure food security along with enhanced green cover. We have allocated additional USD 3.5 billion from the state budget for this cause. Work is being executed in mission mode, he said.
This would significantly contribute to the global efforts to achieve the 1.5 degrees Celsius target, he said.
Indian insurance industry strikes a chord with “Diversity and Inclusion”
The themes for this year’s edition included mental health, inclusivity in multi-generational workplaces, among others.
The India festival was organised by AIG, Anviti Insurance Brokers, Lloyd’s, Swiss Re and Willis Towers Watson
Global COVID-19 death toll could hit 2 million before vaccine in wide use, WHO says
The number of deaths about nine months since the novel coronavirus was discovered in China is nearing 1 million.
“We are not out of the woods anywhere, we are not out of the woods in Africa,” said Ryan.
He said young people should not be blamed for a recent increase in infections despite growing concerns that they are driving its spread after restrictions and lockdowns were eased around the world.
The WHO is continuing talks with China about its possible involvement in the COVAX financing scheme designed to guarantee fast and equitable access globally to COVID-19 vaccines, a week after the deadline for committing passed.
Next Insurance raises $250 million, valuation exceeds $2 billion
The round was led by CapitalG, Alphabet Inc’s GOOGL.O independent growth fund, with participation from existing investor Munich RE. This brings Next Insurance’s total funds raised to $631 million.