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Indian auto retail sales fell 19%, inventory piles up
According to FADA President C.S Vigneshwar, “the Shraddh period...
NSE Clearing warns investors, clearing members against fake communication
These fake circulars and letters, featuring the unauthorized use of...
Indian court orders COVID-related audit of Renault-Nissan factory
Nissan, which owns a majority stake in the plant, denied the workers’ allegations of not adequately sticking to safety protocols, and told an Indian court it followed all guidelines
China, in major policy shift, announces families can have three children
“To further optimise the birth policy, (China) will implement a one-married-couple-can-have-three-children policy,” Xinhua said in a report on the meeting.
In 2016, China scrapped its decades-old one-child policy – initially imposed to halt a population explosion – with a two-child limit, which failed to result in a sustained surge in births as the high cost of raising children in Chinese cities deterred many couples from starting families. read more
Digital divide: How to unmute climate voices in poorer nations
Pandemic moves to virtual events – including U.N. climate talks starting on Monday – have made it easier for experts and activists worldwide to participate, but many living in places without reliable connectivity say they are still missing out.
IRDAI asks insurers for speedy claims settlement in areas hit by cyclones Tauktae, Yaas
The regulator further said it needs to be ensured that all claims are surveyed immediately and claim payments are disbursed at the earliest and in any case not exceeding the stipulated timeline
Big oil may get more climate lawsuits after Shell ruling -lawyers, activists
There are about 425 pending climate lawsuits in various countries and about 1,375 lawsuits in U.S. courts, according to the Sabin Center for Climate Change Law at Columbia Law School. The U.S. cases target the industry, while most cases in other jurisdictions take aim at governments.
Covid-19 second wave hits PSBs collection in May: Indian Bank Association
Replying to a question on the impact of the second wave on collection in Equated Monthly Installment (EMI) of Home Loan, Personal loan and payment of credit card bills when compared with the first wave, R Rai said, “We have seen some substantial improvement in the month of April 21 against April 2020, but we are witnessing the impact on the collection of banks in the current month of May.”
X-Press Pearl loss will add to insurers’ container ship headaches
Insurers will face hull and machinery, cargo and liability claims, although there is still much uncertainty about the size of the loss. The vessel itself was only three months old; it is unclear how much the hull was insured for and which company insured it.
Rob Hawes, head of marine at loss adjuster Crawford & Co. estimated that the cargo loss could be between $30 million and $50 million, based on the X-Press Pearl’s 2,700 container capacity and an assumption that a container houses an average of $15,000 to $20,000 of goods.
4 kids, including Covid-positive baby, die at Bihar’s DMCH hospital
According to the Principal of DMCH and incharge of the Critical Care Unit (CCU), all four children were experiencing breathlessness and had pneumonia-like symptoms.
B1617 variant spreading worldwide at ‘frightening speed’: Experts
“What is frightening is the speed at which this variant is able to spread and circulate widely within the community, often surpassing the capability of contact-tracing units to track and isolate exposed contacts to break the transmission chains, a Professor Teo Yik Ying, Dean of the National University of Singapore’s (NUS) Saw Swee Hock School of Public Health, was quoted as saying.
“It has the potential to unleash a bigger pandemic storm than the world has previously seen,” Ying added.
India poised to grow at world’s fastest rate despite virus
The biggest hit from the second wave of Covid infections has been to demand, with a loss of mobility, discretionary spending and employment, the Reserve Bank of India said earlier this month.
Even as virus cases have started receding and some parts of the country may reopen by June, consumers are unlikely to spend freely, given the economic uncertainties and with unemployment at its highest level in a year.