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DGCA may impose spot fines at airports for violation of Covid guidelines

In a circular on Tuesday, the regulator said, “During the surveillance of some airports, it has come to notice that compliance (of COVID-19 protocols) is not satisfactory.”

“All airport operators, therefore, are requested to ensure that the instructions on COVID-19 protocol from the standpoint of wearing face mask properly, covering nose and mouth, as well as maintaining social distance norms within the airport premises are followed scrupulously,” it said.

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MoF shortlists 10 GMs for selecting CMDs of National Insurance & United India

The candidates who have been shortlisted are: Madhulika Bhaskar, GM, GIC Re, Suchita Gupta, GM, GIC Re , Surya SwaroopS Saxena,GM, Agriculture Insurance Company, Rajeshwari Singh, GM, AICL, SL  Tripathy, GM, GIC Re, Inderjeet Singh, GM, New India Assurance, S Tuli(Nagpal), NIC, Rekha Gopal Krishna, GM, NIA, N Ramaswami, GM, currently heading London operation of GIC Re, Neerja Kapur, currently heading London operations of NIA.

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Suez Canal traffic resumes after stranded container ship freed

It remained unclear when traffic through the canal would return to normal. At least 367 vessels, carrying everything from crude oil to cattle, have piled up on either end of the canal, waiting to pass.

Data firm Refinitiv estimated it could take more than 10 days to clear the backlog of ships. Meanwhile, dozens of vessels have opted for the alternate route around the Cape of Good Hope at Africa’s southern tip — a 5,000-kilometer (3,100-mile) detour that adds some two weeks to journeys and costs ships hundreds of thousands of dollars in fuel and other costs.

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Insurers come to Crypto’s wild west promising 50% plus returns

Now software developers are launching products that claim to reduce the risks by selling something akin to insurance coverage. But here’s the catch: They’re also DeFi apps.

Unlike insurance offered through the likes of Lloyd’s to custodians and large crypto exchanges, these apps — which run on digital ledgers called blockchains — let any investor buy coverage. They also allow anyone to form investment pools to provide coverage — often promising annual returns of at least 50%.

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