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Need to step up efforts to tackle climate change impact on agriculture, entire ecosystem: PM
Modi said, “Not only agriculture, climate change is a big challenge to the entire ecosystem. …Due to climate change, new types of pests, new diseases, epidemics are coming. Due to this, there is a big threat to the health of humans and livestock and crops are also being affected.?
Climate change impact is on fish production and animal health and output. As a result, farmers and fishermen have to bear the losses, he said
Data privacy should not be compromised in using fintech: FM
”Data privacy is one of the things which is very important and it is an issue on which there can be a lot of contentious views. However, basic respect for privacy…as the guiding principle is well appreciated.Safeguard of client data, is something which I think is the backbone to bringing trust. Unless my data is safeguarded well I wouldn’t want to get into a scheme of things. So that is the guiding principle,” Sitharaman said at the ‘Global FinTech Fest 2021’.
Fintech firms can check digital frauds: RBI Dy Guv Sankar
”Another area where fintech holds promise is to prevent digital frauds, which have become apparent as the pace of digital penetration has outstripped development of awareness,” he said. Citing data, he said incidents of digital frauds have risen during the pandemic.
McKinsey Report: Asia-Pacific digital banking accelerating, led by emerging markets
McKinsey concluded that, “To deliver on this report’s calls to action, banks need to make fundamental changes in how they operate. They also need to build the capabilities required for an AI-powered digital-first business model, including a new sales and service model, modern operations and technology, and an agile operating model. Any bank that intends to remain relevant and thrive must become an innovation leader.”
Covid caused biggest decrease in life expectancy since World War II: Study
The research team assembled an unprecedented dataset on mortality from 29 countries, spanning most of Europe, the US and Chile — countries for which official death registrations for 2020 had been published.
It took on average 5.6 years for these countries to achieve a one-year increase in life expectancy recently, while the progress was wiped out over the course of 2020 by Covid-19, they said.
The largest declines in life expectancy were observed among males in the US, who saw a decline of 2.2 years relative to 2019 levels, followed by Lithuanian males (1.7 years), they said.
FM Sitharaman to launch 3-day Global FinTech Fest on Sept 28
Senior policy makers addressing the Fest are R S Sharma, CEO, National Health Authority, Ministry of Health & Family Welfare; Shri Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology; Dr Krishnamurthy V Subramanian, Chief Economic Advisor, Ministry of Finance,T Rabi Sankar, Deputy Governor, Reserve Bank of India; G Mahalingam, Whole Time Member, Securities and Exchange Board of India; Lord Mayor William Russell; City of London and Saurabh Garg, CEO, Unique Identification Authority of India.
Among the international regulatory and institutional speakers are: Tobias Adrian, Financial Counsellor and Director Monetary and Capital Markets Department, International Monetary Fund; Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore; Dr Oliver Prill, CEO, Tide; Preeti Sinha, Executive Secretary, United Nations Capital Development Fund.
India reports 26,041 new COVID-19 cases
At least 73 percent of Odisha’s population and over 93 percent of health workers have developed antibodies against SARS-CoV2, according to a recent serosurvey conducted by the Indian Council of Medical Research (ICMR).
The survey was conducted in 12 of the state’s 30 districts between August 29 and September 15 by experts of ICMR’s Regional Medical Research (ICMR), Bhubaneswar with help of the Health and Family Welfare Department of the Odisha government.
UN development arm launches disaster insurance programme
The facility will also have funding from other sources, including the UNDP itself, a spokesperson said. The UNDP is aiming to help create insurance protection from socio-economic, climate and health-related disasters in more than 50 developing countries by 2025, it said.
“Insurance and risk-finance products, tools and services can secure our critical infrastructure, protect our agriculture and businesses, and preserve critical ecosystems that make life on earth possible,” said UNDP Administrator Achim Steiner.
Gulab impact: Heavy crop damages reported in Andhra Pradesh
“An ex gratia of Rs 5 lakhs to the families of the deceased and Rs 1,000 should be given to each family while returning home from relief camps,” said Andhra Pradesh Chief Minister YS Jagan Mohan Reddy.
Agricultural and horticultural crops in over 1.63 lakh acres suffered damaged due to the heavy downpour in Srikakulam, Vizianagaram, Visakhapatnam, East Godavari, West Godavari and Krishna districts, Agriculture Minister K Kanna Babu said while citing preliminary estimates.
Women are more burnt out and considering quitting in US: McKinsey
In the last five years, women’s representation has increased at all levels, the report found. Women hold nearly 50% of all entry level jobs and around a quarter of C-suite roles, each up a few percentage points from 2016.
“Our concerns are the impact of pandemic burnout on women long-term, and what companies need to do in response,” said Rachel Thomas, co-founder and chief executive officer of Lean In.