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Chip crisis in ‘Danger Zone’ as wait times reach new record

Chip shortages are rippling through industry after industry, preventing companies from shipping products from cars to game consoles and refrigerators. Automakers are now expected to lose out on $110 billion in sales this year, as Ford Motor Co., General Motors Co. and others have to idle factories for lack of essential components. That’s undercutting economic growth and employment, as well as raising fears of panic ordering that may lead to distortions in the future.

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Strategy to deal with COVID-19 should be dynamic, innovative: PM

India reported on Thursday 276,110 new coronavirus infections over the last 24 hours, while deaths rose by 3,874.

The South Asian nation’s infection tally stands at 25.77 million, with a death toll of 287,122, health ministry data showed.Describing the virus as ‘dhoort’ and ‘bahurupia’ in Hindi, Modi in an interaction with district magistrates (DM) and field officials also underlined concerns expressed in various quarters about the threats it poses to the youth and children

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Good ventilation dilutes COVID-19 viral load, crucial in reducing transmission

“Measures to improve ventilation in these spaces must be taken up on urgent priority in urban and rural areas alike, recommendations for hutments, homes, offices and large centralised buildings are given. Simple strategic placement of fans, open windows and doors, even slightly open windows can introduce outdoor air and improve the air quality inside,” it stated.

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Govt notifies new regulations for increasing FDI in insurance sector to 74 %

Nnot less than fifty per cent. of directors of  such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.

In an Indian insurance company having foreign investment a majority of its directors, a majority of its Key Management Persons, and at least one among the chairperson of its board, its managing director and its chief executive officer, has to be resident Indian citizens, said the draft rules.

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