Category:

Non-Life

Over 7 lakh deaths in India per year linked to abnormal temperatures: Lancet study

The study published on Wednesday found that deaths related to hot temperatures increased in all regions from 2000 to 2019, indicating that global warming due to climate change will make this mortality figure worse in the future.In India, the number of deaths per year linked with abnormal cold temperatures is 655,400, while as the number of deaths associated with high temperatures is 83,700, according to the researchers.

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Paris climate targets not possible without a carbon removal industry the size of oil & gas: Swiss Re study

Christoph Nabholz, Chief Research Officer at Swiss Re Institute, “Carbon removal will need to evolve into a multi-trillion-dollar industry akin to the value of the oil and gas industry today if we are to hit the climate targets set out by the 2015 Paris Agreement. Serious investment in this nascent industry must start now. Failing to tackle climate change could result in global GDP loss of 18%, which we showed earlier this year. No action is not an option.”

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Covid-19: Cabinet approves Rs 23,123 crore Emergency Response and Health Systems Preparedness Package

 “India COVID-19 Emergency Response and Health Systems Preparedness Project: Phase-II” would be implemented at a total cost of Rs 23,123 Crore, from 01″ July 2021 to 31″ March 2022 with central and state share Rs.15,000 crore and Rs.8,123 crore respectively.

 With the focus on immediate needs for the next nine months of FY 21-22, to provide support to Central government hospitals / agencies and to State/UT Governments to augment their existing response to the second wave and the evolving pandemic, including at district and sub district levels in peripheral facilities.

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Covid-19:No fans at Olympics, making Games a TV event

“The infections are in their expansion phase and everyone in this country must firmly understand the seriousness of it,” Dr Shigeru Omi, a top government medical adviser, said.
The Olympics are pushing ahead against most medical advice, partially because the postponement stalled the IOC’s income flow. It gets almost 75 per cent of its income from selling broadcast rights, and estimates suggest it would lose USD 3 billion to USD 4 billion if the Olympics were cancelled.

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EU fines German car makers $1B over emission collusion

EU antitrust chief Margrethe Vestager said that even though the companies had the technology to cut harmful emissions beyond legal limits, they resisted competition and denied consumers the chance to buy less polluting cars.

”Manufacturers deliberately avoided to compete on cleaning better than what was required by EU emission standards. And they did so despite the relevant technology being available,” Vestager said. That made their practice illegal, she said.

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India invites UK companies to invest in insurance sector

The Dialogue saw government-to-government discussions to strengthen cooperation on four key themes: Gujarat International Finance Tec (GIFT) City; banking and payments; insurance, and; capital markets. It was led by senior officials from the UK Treasury and the Indian Ministry of Finance, with participation from independent British and Indian regulatory agencies, BHC said.

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Singaporeans spend 2.5 times more on their children’s needs than their retirement planning:AIA survey

60% of Singaporeans face an uncertain future by not prioritising their retirement planning
As a simple rule of thumb, monthly income is recommended to be spilt using 50/30/20 rule. Allocate the first 50% of one’s take-home income pay on necessities such as housing, food, and transport. The remaining half should be split up between 20% for long-term savings and investments and with 30% for “wants” like hobbies and travel. However, research shows that Singaporeans are 13% below the target for their retirement planning.

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