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GIC Re emerges as the 10th largest global reinsurer in AM Best’s latest chart
In AM Best's `World’s 50 largest reinsurers in 2023’, Munich Re is...
Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil
Insurance industry sources said on Wednesday additional war risk...
Facebook, others ‘killing people’ by carrying COVID misinformation, says Biden
US President’s comments came a day after US Surgeon General Vivek Murthy declared misinformation about the vaccines a threat to public health, and as US officials advised that deaths and serious illness from the virus are almost entirely preventable because of the vaccines.
Biden, asked if he had a message for platforms like Facebook where false or misleading information about the coronavirus vaccines has spread, told reporters, They’re killing people.
The only pandemic we have is among the unvaccinated,” he said.
Crop sowing lags in India, raising concerns over food grain output
Indian farmers had planted 61.19 million hectares with summer crops as of July 16, down 11.6% from a year earlier, the Ministry of Agriculture & Farmers’ Welfare said in a statement.
Farmers typically start planting summer-sown crops on June 1, when monsoon rains usually reach India. Planting then continues until early August.
Collaboration between Delhi Police, DoT to help trace IMEI numbers of lost mobile phones
The project, which has been launched in Maharashtra and Delhi to facilitate blocking and tracing of lost and stolen mobile phones, will discourage snatching and thefts of mobile phones and also help check their resale, officials said.IMEI is a 15-digit identifier for each mobile phone used in the telecom network and according to the police, there have been many cases of cloned and duplicated IMEI handsets.
Nagaland asks staff to get vaccinated or show no-Covid report for salary
The salaries of those who have not taken a single dose of the vaccine against coronavirus or who will fail to furnish COVID-19 negative test report will be stopped beyond July 31, 2021, and they would not attend office, it said
How the world’s first carbon border tax may play out
The measure, which will affect producers of steel, cement and aluminum in countries with looser environmental rules, would boost commodity costs and reroute trade flows. But it will take years to implement and have a limited impact on global emissions.
The new levy is likely to do very little to curb greenhouse gas emissions. With a carbon border adjustment of $44 a metric ton, a United Nations body estimates emissions would only fall by 27 million tons, a meager 0.1% of the total. At $88, it would drop by 45 million tons. The price of carbon in the EU is currently about 53 euros ($62) a ton.
After COVID revenue collapse, Canadian municipalities face insurance premium spike
Cities need insurance to protect against claims in the event of accidents on municipal properties or roads, and to deal with risks including cyber attacks and natural disasters – so forgoing coverage is not an option.
Accident-related lawsuits against cities and settlements have risen alongside cyber attacks and natural disasters, both domestically and globally, even as bond yields have slid, resulting in more stringent underwriting standards and higher premiums around the world.
NCGTC issues guidelines for Rs 50,000-cr credit guarantee scheme for medical infra
As per the guidelines, a credit guarantee of 50 per cent to all brownfield projects and 75 per cent to greenfield projects in the healthcare sector at centres other than 8 municipal areas would be available. The excluded metros from the scheme are Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.
For the aspirational districts, the guarantee cover for both brownfield expansion and greenfield projects shall be 75 per cent, it said.
As floods hit western Europe, scientists say climate change hikes heavy rain
In general the rising average global temperature – now about 1.2 degrees Celsius above the pre-industrial average – makes heavy rainfall more likely, according to scientists.
The floods follow just weeks after a record-breaking heatwave killed hundreds of people in Canada and the United States. Scientists have since said that extreme heat would have been “virtually impossible” without climate change, which had made such an event 150 times more likely to occur.
Ola got 100,000 bookings for electric scooter in one day
“I am thrilled by the tremendous response from customers across India for our first electric vehicle. The unprecedented demand is a clear indicator of shifting consumer preferences to EVs. This is a huge step forward in our mission to transition the world to sustainable mobility,” Ola Chairman and Group CEO Bhavish Aggarwal said in a statement.
RBI to unveil first financial inclusion index: Das
The index will have parameters across the three dimensions, including access, usage and quality, he said, adding “work on FII is underway and the index will be published very shortly by the Reserve Bank”.