Deepak Jasani, Head of Retail Research, HDFC Securities, said that...
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Govts owe $88 trillion in debt, equivalent almost to the world’s annual economic output
Even in the absence of a new crisis, soaring debt servicing costs...
Global fungal disease deaths doubled in a decade: Study
Though fungal disease has multiple causes, the updated mortality...
Sun Pharma testing plant-based drug as potential COVID-19 treatment
AQCH is derived from tropical, climbing shrub cocculus hirsutus, which is used in Asia for its apparent medicinal properties.
The company said the trial will be conducted across 12 centers in India in 210 patients and a human safety study of the drug has been completed.
AQCH, which is being developed for dengue, has shown broad antiviral effect in in-vitro studies and hence is being tested as a potential treatment option for COVID-19,” the company said in a statement
U.S. insurers ask Treasury, Fed to back pandemic payouts for trade credit coverage
Trade credit insurance, which covers $600 billion in U.S. business transactions annually, protects businesses selling goods and services from the risk that insolvent buyers will not pay them. Washington lobbyist David Ross spoke with Steven Seitz, director of the Treasury’s Federal Insurance Office on a May 27 call about support for the niche industry, James Daly, chief executive officer of Euler Hermes Americas, an Allianz SE unit, told Reuters.
Trade credit insurers want about $60 billion in government support, as shared claims payouts, Daly said. Policyholders would pay additional premiums for the backing.
SC extends order of no coercive action against employers for non-payment of full wages
A bench of Justices Ashok Bhushan, S K Kaul and M R Shah reserved the verdict on a batch of petitions filed by various companies challenging the circular of the Ministry of Home Affairs issued on March 29 asking the employers to pay full wages to the employees during the nationwide lockdown due to the coronavirus pandemic.
In the proceedings conducted through video conferencing, the top court said there was a concern that workmen should not be left without pay, but there may be a situation where the industry may not have money to pay and hence, the balancing has to be done.
Ocean shipping shrinks as pandemic pummels retailers
Many are also cutting down the number of voyages and providing short-term storage for clients as the industry, which includes heavyweights like Maersk, MSC and Hapag-Lloyd, faces its biggest downturn since the 2008 financial crisis.
Singapore plans wearable virus-tracing device for all
Singapore will soon roll out the device, which does not depend on a smartphone, and “may then distribute it to everyone in Singapore,” Vivian Balakrishnan, the minister in charge of the city-state’s smart nation initiative, said on Friday.
Endeavour to cut accidents, deaths on roads by 25% by March next year: Gadkari
The Ministry of Road Transport and Highways has identified over 5,000 black spots, and the process for their rectification including temporary and permanent measures is being carried out on urgent basis, he said.
Standard Operating Procedures (SOPs) regarding procedure for rectification of black spots for taking up short-term and long-term permanent measures have already been issued, as per the ministry and till date, temporary measures on 1,739 newly identified black spots and permanent measures on 840 newly identified black spots have already been taken.
‘It’s not over’: COVID-19 cases rise in some nations easing lockdowns: WHO
The epicentre of the pandemic is currently in countries of Central, South and North America, particularly the United States, WHO spokeswoman Margaret Harris said.
India set to reopen hotels,temples and malls
Hotel guests will be tested for fever, masks will be compulsory at all times, and restaurants will have to set tables apart to maintain social distancing when they reopen on Monday, according to rules issued by the home ministry.
India may suffer devastating climate change impact in 80 years: Study
“India is the most densely populated region in the world, with relatively high sensitivity and low resilience to changes in its climate, all of which makes it very exposed and vulnerable to any changes that may occur during the rest of the 21st century,” Almazroui told PTI in an email on World Environment Day on Friday.
“A large part of India’s population, ecosystems, and economy are all exposed to high risk in the face of future climate change,” he said.
Govt issues draft rules for manufacturing, using drones
“No UAS shall operate in India unless there is in existence a valid third party insurance policy to cover the liability that may arise on account of a mishap involving such UAS,” the draft rules added.