Category:

Non-Life

Vaccine nationalism may hit WHO’s 2021 goal of 2 bn doses: Adar Poonawalla

Poonawalla’s comments highlight the continuing challenge of vaccine inequality that threatens to prolong the pandemic after richer nations raced to stockpile supplies. Few African nations received a single shipment of shots before March, while more than 20% of the population in countries including Israel, the U.K., Bahrain and the U.S have received at least one shot.

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Have to take quick and decisive steps to stop the second peak of coronavirus cases in the country: PM Modi

In a virtual interaction with state chief ministers over the pandemic situation and the ongoing vaccination drive, Modi said in states like Maharashtra, Punjab and Madhya Pradesh the number of COVID cases has seen a rise while nearly 70 districts in the country have have seen an increase in the positivity rate by over 150 per cent of late.

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Nirmala Sitharaman introduces Bill in Rajya Sabha to allow 74% FDI in insurance sector

Sitharaman presenting the Union Budget for 2021-22 had said, “I propose to amend the Insurance Act, 1938 to increase the permissible FDI limit from 49 percent to 74 percent in insurance companies and allow foreign ownership and control with safeguards.”

Under the new structure, the majority of directors on the board and key management persons would be resident Indians, with at least 50 percent of directors being independent directors, and specified percentage of profits being retained as a general reserve.

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Swiss Re announces ambitious climate targets; accelerates race to net zero

Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the transition towards net zero.“

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