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One year of lockdown: Domestic aviation sector on recovery path, hiccups due to pandemic remain

Indian airlines are currently operating around 70-75 per cent of their pre-COVID domestic flights. India allows domestic carriers to operate maximum 80 per cent of their pre-COVID domestic flights currently. This cap is unlikely to go soon as a new wave of the virus is spreading in certain states.

”Last few days have seen a decline in the number of air passengers largely due to restrictions & imposition of compulsory RT-PCR test by various states. Due to this, we have decided to retain the permissible limit to 80 per cent of schedule,” Civil Aviation Minister Puri said a few days back on Twitter.

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One year since lockdown: India still recovering from unemployment blow

The data showed that the unemployment rate had peaked to 23.5 per cent in April and remained at 21.7 per cent in May. It started tapering off from June onward when it was recorded at 10.2 per cent in the month and further improved to 7.4 per cent in July.

However, the unemployment rate again rose slightly to 8.3 in August and improved to 6.7 per cent in September last year, as per CMIE data.

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Companies need to prepare for more political disturbances and violence ahead: Allianz

Causing physical damage, business interruption or loss of revenues, civil unrest incidents are becoming a more significant risk for companies in the current environment, as reflected in the findings of the Allianz Risk Barometer 2021.”Civil unrest has soared, driven by protests on issues ranging from economic hardship to police brutality which have affected citizens around the world. And the impact of the Covid-19 pandemic is making things worse – with little sign of an end to the economic downturn in sight, the number of protests is likely to continue climbing.”

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UK proposes requiring businesses to disclose climate risks by 2022

Under the TCFD’s(Task Force on Climate-related Financial Disclosure ) recommendations, companies are urged to disclose the actual and potential impacts of climate change on their business, as well as explain how they identify and manage such risks and opportunities.A move to make such disclosure mandatory in Britain is seen as a big step towards a new set of global standards.The ministry said it was backing a move by the IFRS Foundation, which writes global accounting rules, to develop international sustainability-related reporting standards.

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India reports 40,715 fresh COVID-19 cases, 199 deaths in last 24 hours

Six states — Maharashtra, Punjab, Karnataka, Gujarat, Chhattisgarh and Tamil Nadu — collectively account for 80.90 per cent of the 40,715 infections reported in a span of 24 hours.
The doubling time of COVID-19 cases in India has decreased from 504.4 days on March 1 to 202.3 days on March 23, the Health Ministry said on Tuesday, highlighting that six states have reported a surge in daily new cases and together account for 80.90 per cent of the new infections reported in a day.

Meanwhile, more than 32.53 lakh doses of COVID-19 vaccine were administered on March 22, which is the highest single-day vaccination so far, taking the total number of people inoculated to over 4.8 crore.

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COVID-19: MHA issues new guidelines, asks states/UTs to follow ‘Test-Track-Treat’ protocol

While talking about vaccination, the MHA said: “While the vaccination drive is proceeding smoothly, the pace is uneven across different states and UTs; and, the slow pace of vaccination in some states/ UTs is a matter of concern. Vaccination against COVID-19, in the present scenario, is critical to break the chain of transmission.”

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Lloyd’s launches pioneering parametric earthquake insurance policy in New Zealand

The new product Bounce is designed to provide New Zealanders with affordable earthquake insurance and fast claims payments, to support customers’ needs following an earthquake and quickly cover immediate expenses incurred. It does this by tracking Peak Ground Velocity (PGV) which triggers payment at levels of 20 centimetres per second and above.

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89 deaths reported following COVID vaccination till March 16, but none attributed to vaccine: Govt

Adequate measures have been put in place to manage AEFI cases like availability of anaphylaxis kits at each vaccination site, immediate referral to adverse events following immunization (AEFI) management centre and observation of vaccine recipients for 30 minutes at session site so as to take timely corrective measure.

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