Mansukh Mandaviya, Minister of Labour & Employment In CPPS,...
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Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the...
Innovative Climate risk insurance: PCRIC and WTW renew covers for 6 Pacific island nations
For 2024 and 2025, PCRIC now provides insurance for tropical...
G20 nations recommit to shaping human-centred recovery
“The crisis has impacted some sectors and groups much harder. In particular, it has hit women and youth, along with those in the informal economy.Those are also the groups facing the most difficult situations today and the biggest risk of being left behind in the months and years ahead,”ILO Director-General Guy Ryder said.
Ryder outlined the cataclysmic impact of COVID-19, which has led to the loss of the equivalent of 161 million full-time jobs in the G20 nations. This, he said, represents a world of work crisis four times as severe as the one triggered by the financial crisis of 2008/09.
European Commission plans cyber unit to tackle online crime in EU
“Today, we can no longer distinguish between online and offline threats. We need to pool all our resources to defeat cyber risks and enhance our operational capacity,” Commission Vice President Margaritis Schinas said in a statement.
EU watchdog tells banks to have a 10-year climate plan
Climate risks can include “physical” or weather-related events like floods, and “transition” risks from sudden changes in asset values.
A report from the European Banking Authority (EBA) on Wednesday set out recommendations for banks and their supervisors for approaching ESG risks and help the EU meet its goals of cutting carbon emissions by 2050.
Google expands Jio partnership with Indian smartphone, cloud tie-ups
India is the world’s second-biggest mobile market with about 530 million smartphone users, but more than 300 million people still use legacy feature phones, Hong Kong-based tech consultancy Counterpoint Research says.
“This (the smartphone) is a testimony to a global technology giant and a national technology champion working together to make truly a breakthrough product that can be first introduced in India and then taken to the rest of the world,” Ambani said.
He did not specify a price but promised it will be the most affordable smartphone “not just in India, but globally”.
Reliance to set up 100 GW solar power plant, to invest Rs 75k in clean energy business
Reliance will set up 100 GW of solar power generating capacity.
`We plan to build four Giga Factories to manufacture and integrate all critical components of new energy ecosystem solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory,” Ambani said.
These four factories will involve an investment of Rs 60,000 crore.
Insurers pay Rs18,600 crore for settling 15.40 lakh Covid-19 claims :IRDAI
“Over 19.11 lakh covid health claims have been reported as on 22nd June as far as medical insurance or hospitalisation is concerned. While in terms of death claims, which is handled by the life insurers, about 55,276 claims have been intimated and nearly 88 per cent i.e., 48,484 claims amounting to Rs 3,593 crore have already been settled,” informed while inaugurating 13th Global Insurance E-Summit & Awards organised by ASSOCHAM.
She added that the repudiated claim for health is just about 4 per cent and in life it is just about 0.66 per cent, which is negligible.
Thackeray instructs health dept to prepare for possible COVID third wave
The tail of the second wave is yet to come. You are not completely out of it,” added Thackeray. Meanwhile, An IIT Kanpur study by Prof. Rajesh Ranjan and Mahendra Verma, along with their team, on Monday said the third wave peak of COVID could be around September – October this year
Pfizer says Covid vaccine highly effective against Delta variant
“The data we have today, accumulating from research we are conducting at the lab and including data from those places where the Indian variant, Delta, has replaced the British variant as the common variant, point to our vaccine being very effective, around 90%, in preventing the coronavirus disease, COVID-19,” Alon Rappaport, Pfizer’s medical director in Israel, told local broadcaster Army Radio.
Private hospitals to log 15-17% revenue growth in FY22: Crisil
“While the second wave lashed again in April, the first quarter this fiscal will be sharply better on-year, with occupancy of 75 per cent, almost double on-year. This will be largely on account of a surge in Covid-19 treatments more than offsetting the deferral of elective surgeries and outpatient footfalls,” Crisil Ratings Senior Director Manish Gupta said.
As the second wave recedes in the second quarter, Crisil expects pent-up demand for non-Covid treatments to rebound and support occupancy, he added.
No I-T lens on deposits up to Rs 2.5 lakh by housewives post note ban: ITAT
Ruling on an appeal filed by an individual, the Agra bench of ITAT said the order would act as a precedent for all similar cases.