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Eco/Invest/Demography

China spells out how excessive ‘996’ work culture is illegal

The Supreme People’s Court and Ministry of Human Resources and Social Security published a lengthy essay Friday about labor violations and unreasonable overtime, labeled ‘996’ because of the common practice of working 9 a.m. to 9 p.m., six days a week. It outlined 10 cases — including but not limited to the tech industry — in which employees were forced to work extra hours, or put in harm’s way.

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Air taxis will be possible in coming days under drone rules: Scindia

“That time is not far when taxis, like the ones of Uber etc that you see on roads, you will see in the air under the drone policy. I believe this is very much possible,” he added.
In a notification dated August 25, the Ministry of Civil Aviation eased the rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5 and decreasing the types of fees charged from the operator from 72 to 4.

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Govt launches e-SHRAM portal to maintain database of 38 cr unorganised sector workers

Prime Minister Narendra Modi has sanctioned Rs 2 lakh accidental insurance cover to every registered unorganised worker on the e-SHRAM portal. If a worker registered on the portal meets with an accident, he/she will be eligible for the amount on death or permanent disability and Rs 1 lakh on partial disability.
A national toll free number — 14434 — was also launched to assist and address the queries of workers seeking registration on the portal

As part of the initiative, the workers will be issued an e-SHRAM card containing a 12-digit unique number The objective behind the move is integration of social security schemes of the government.

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”Indian aviation mkt to be ”very large” by FY30; to accommodate both Indian, Middle East carriers”

In a post-webinar presentation, CAPA Advisory projected that by 2029-30 India”s international traffic is estimated to increase by 50-60 million annual passengers from pre-COVID levels to reach 115-125 million.

Hosted by CAPA, the webinar was on ”India-Middle East Aviation Dialogue: A Win-Win Outcome is Feasible and Likely”.

It said more than 30 per cent of the country”s international origin destination traffic is on long- and ultra-long haul routes. The domestic carriers are expected to add just around 70 wide-body planes by FY30, which is likely to address only half of the incremental long-haul demand, it added.

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UN health agency sees virus cases leveling off

The assessment released Tuesday says there were about 68,000 new deaths reported globally, with Europe and the Americas registering increases of about 10 per cent.
he countries with the highest numbers of new cases were the United States, Iran, India, Britain and Brazil.
WHO also noted several recent studies that show licensed vaccines still provide protection against severe coronavirus disease, but that there is some evidence to show the shots are less effective at preventing people from becoming infected with the more contagious delta variant.

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India logs 44,658 new COVID-19 infections, Kerala reports 30,007 cases

As a part of the ongoing nationwide vaccination drive, the country has administered 61.22 crore vaccine doses till date. Yesterday, the health ministry informed that 50 per cent of the eligible population has been administered with the first dose of COVID-19 vaccine under the world’s largest vaccination drive. India’s COVID vaccination drive commenced on January 16 this year.

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China’s coming data laws puzzles firms with more questions than answers

The data security law, which goes into effect on Sept. 1, requires all companies in China to classify the data they handle into several categories and governs how such data is stored and transferred to other parties.

Key categories include “national core data” and “important data”, for which mishandling could carry a penalties of up to 10 million yuan or even a criminal charge. But the government has not yet provided definitions for these or given further details on what type of data may fall into which category, lawyers say.

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High blood pressure driven by obesity, poverty – WHO study

Hypertension can be easily diagnosed by monitoring blood pressure, and treated with low-cost drugs, but half of affected people are unaware of their condition which is left untreated, the WHO and Imperial College London said in a joint study published in The Lancet.

While hypertension rates have changed little in 30 years, the caseload has shifted to lower-income countries as wealthy nations have brought it largely under control, the study said.

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The world economy’s supply chain problem keeps getting worse

The cost of sending a container from Asia to Europe is about 10 times higher than in May 2020, while the cost from Shanghai to Los Angeles has grown more than sixfold, according to the Drewry World Container Index. The global supply chain has become so fragile that a single, small accident “could easily have its effects compounded,” HSBC Holdings PLC. said in a note.

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