The inflows came following a modest investment of Rs 1,539 crore in...
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Centre seeks more time to frame policy on online sale of medicines, Delhi HC grants ‘last opportunity’
The high court, which was hearing several petitions seeking a ban...
India’s economic boom feels like 2003-07: Morgan Stanley
The current cycle is driven by investment outperforming...
1/3rd of UK’s medium-sized businesses likely to purchase cyber insurance since COVID-19 outbreak:GlobalData
“Fraudsters have capitalized on employees working from home – with phishing scams, in particular, on the rise – preying on fears surrounding the pandemic such as using COVID-19-based hooks in phishing emails. Employees who are out of the office and away from colleagues are more at risk as they are less able to check the validity.”
Top shipping insurance group will not cover ships for Russia, Turkey pipelines projects
U.S. President Donald Trump’s administration has sought to curb the Kremlin’s economic leverage over Europe and Turkey and has warned investors in the two natural gas pipelines could face sanctions.
The International Group of P&I Clubs represents the world’s top 13 ship insurers and covers nearly 90% of the world’s ocean-going tonnage. The notice carried by its members said that all clubs had issued similarly worded circulars regarding Nord Stream 2 and TurkStream.
Led by Russia’s Gazprom, the $11 billion Nord Stream 2 pipeline project to double the capacity of the existing Nord Stream 1 link is more than 90% complete and scheduled to begin operating next year.
Red Cross warns coronavirus is driving discrimination in Asia
“It is particularly concerning that both national migrant and foreign workers are blamed for the spread of COVID-19 as they are quite vulnerable already,” Dr Viviane Fluck, one of the lead researchers and the agency’s Asia Pacific community engagement and accountability coordinator, told Reuters.
States can use 50% of SDRF for Covid-19 pandemic: PM Modi to CMs
Prime Minister Narendra Modi asked states to further enhance their focus on effective testing, tracing, treatment, surveillance and clear messaging to curb the pandemic.
India trials for Russia’s ‘Sputnik-V’ vaccine may begin in next few weeks: Dr Reddy’s
The trials are part of a deal between the Russian Direct Investment Fund (RDIF) and Dr Reddy’s, in which the Indian firm will conduct Phase III studies in India, pursue local regulatory approvals and, subject to approval, distribute the finished vaccine product in India. RDIF will supply 100 million doses to Dr Reddy’s.
The RDIF has also reached agreements with Indian manufacturers to produce 300 million doses of the shot in India. Russia was the first country to grant regulatory approval for a novel coronavirus vaccine.
AIR Worldwide Releases updated Multiple Peril Crop Insurance Model for China
An outbreak of African swine fever—a highly infectious and deadly disease—started impacting pigs in China in 2018, resulting in a loss of half of China’s 400 million pigs, or 40% of the world’s total agricultural pig population, as of the first half of 2020.
“China is a leading global producer of wood and paper products; the country’s forests can be insured under the national crop insurance scheme and incur large losses not only from extreme weather but also fire, pests, and disease,In addition, livestock (including poultry) policies now make up about a quarter of agricultural premiums in the country and have a large potential for losses. To get a comprehensive view of agricultural risk in China, companies must consider the risk to crops, forests, and livestock,”said Yizhong Qu, assistant vice president, AIR Worldwide China.
Risk professionals face six challenges in addressing reputational risks:Airmic,RIMS Report
The six challenges are Unclear definition of reputation,Confusion on the categorization of risks to reputation,No commonly agreed upon, consistent measurement of the business impact from specific risks to reputation,No framework for linking the strategic, operational, and tactical aspects of reputational risk management,An absence of integrated ownership and accountability across organizations and Slow development of solutions for risk transfer including insurance.
The report states that risk professionals today are at a crossroads, where they can follow one of two paths: the first, where they have the responsibility but no influence and control; or the second, where they can contribute value to the organization by leading implementation of a structured, data-driven and systematic approach to reputational risk that draws the whole organization together around a common framework
Lok Sabha approves labour reforms amid union protests
The three bills – the Occupational Safety, Health and Working Conditions Code, the Industrial Relations Code and the Code on Social Security – are part of Prime Minister Narendra Modi’s ambitious moves to liberalise conditions for investment.
Lawmakers from Modi’s Bharatiya Janata Party said during the debate the new laws would provide social security benefits to workers, including ride-hailing companies like Ola and Uber.
COVID-19 tally in India crosses 56-lakh mark
The COVID-19 case fatality rate due to the coronavirus infection has dropped to 1.59 per cent.
There are 9,68,377 active cases of coronavirus infection in the country which comprises 17.15 per cent of the total caseload, the data stated.
India needs to invest ₹3K-5K crore to give all Indians Covid vaccine: Zydus Cadila chairman
The requirement of the vaccine doses is going to be very high. Given the fact almost all vaccines are going to work at least two doses, if we look at India’s population and decide to immunise 50 per cent of the population, we would require over 130 crore doses and that’s not the capacity anybody has.
Even if people have the capacity to produce, it cannot happen in one day. It can only happen over a long period,
said Zydus Cadila Chairman Pankaj R Patel.
Another challenge we would have is “how long the immunity will last with this vaccine? If the vaccine is going to give a long-term immunity, it will be wonderful, but if it provides short-term immunity then we will have to keep on immunising people again and again,” he added.