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EVs development, adoption to play major role in India’s transition to low carbon economy: DPIIT Secy
Rajesh Kumar Singh, Secretary,Department for Promotion of Industry...
US re/insurance broker Lockton sets up operation in India
Sources point out that some of the employees of Aditya Birla...
No clear link between school opening and COVID surge, study finds
IfE found that 52 countries that sent students back to school in August and September – including France and Spain – saw infection rates rise during the vacation compared to when they were closed.
In Britain and Hungary, however, infection levels dropped after initial school closures, remained low during the holidays, and began rising after reopening.
The vast majority – 92% – of countries that are through their first wave of COVID-19 infections have started to reopen school systems, even as some are seeing a second surge.
Supreme Court orders airlines to refund bookings during coronavirus lockdown
The Supreme Court told airlines to refund the money within three weeks in a decision that will add to the burden on cash-strapped Indian carriers whose revenues have been hit by coronavirus restrictions on air travel.
India’s coronavirus infections rise to 6.39 million
Deaths from coronavirus infections rose by 1,095 in the last 24 hours to 99,773, the ministry said.The total recoveries have surged to 53,52,078. There are 9,42,217 active cases of coronavirus infection in the country which comprises 14.74 per cent of the total caseload, the data stated.The COVID-19 case fatality rate was recorded at 1.56 per cent
Indian monsoon rains above average for second year in a row
The monsoon delivers about 70% of India’s annual rainfall and determines the yield of crops such as rice, wheat, sugarcane and oilseeds.Farmers are likely to expand areas planted with winter-sown crops due to the ample soil moisture and an increase in the price the government pays for some crops, said Subhranil Dey, senior research analyst at commodity brokerage SMC Comtrade Ltd in New Delhi.
Financial firms and governments deeply sceptical of cryptocurrencies: survey
Around 60% of respondents from financial firms, government and the private sector alike to the survey by the Royal United Services Institute think-tank and the Association of Anti-Money Laundering Specialists said cryptocurrencies were a risk rather than an opportunity. Illicit usage was the major concern.
The findings, one of the most detailed efforts yet to map out mainstream global views towards cryptocurrencies, lay bare the depth of skepticism towards the emerging tech.
Georgia court allows lawsuit against sperm bank to proceed
The lawsuit seeks damages, alleging fraud, negligent misrepresentation, battery, negligence unfair business practices, false advertising, unjust enrichment and other wrongdoing.
Lloyd’s launches “first-of-its-kind” parametric business interruption insurance policy for SMEs
Parametrix Insurance offers simple and reliable coverage by removing the traditional indemnity trigger that most insurance policies today use. Instead, the new solution uses a parametric trigger, meaning that the policy automatically pays out if a customer’s critical IT services – such as cloud, e-commerce or payment systems – are disrupted. This significantly reduces the time insurers spend assessing a loss or adjusting a claim.
The new product is led by Tokio Marine Kiln (TMK) and supported by other members of Lloyd’s Product Innovation Facility including RenaissanceRe. It is the first off-the-shelf parametric IT downtime policy tailored towards SMEs.
Moderna COVID-19 vaccine appears safe, shows signs of working in older adults: study
The findings are reassuring because immunity tends to weaken with age, Dr. Evan Anderson, one of the study’s lead researchers from Emory University in Atlanta, said in a phone interview.
$9 billion of Cat bond issuance during the 12-month period to June 2020
In the period under review, $9 billion of catastrophe bond issuance was secured – an increase of $3.5 billion year on year – while ILS capital decreased from $93 billion to $91 billion. By June 30, 2020, catastrophe bonds on-risk stood at $28.8 billion, 1.5 percent less than June 30, 2019.
National Insurance incurs a loss of Rs 4100 cr in 2019-20, govt infuses Rs 1675 cr as additional capital
“Despite the recurring losses, I assure you that the company is not facing any liquidity crunch and all payments towards claimants, Vendors and employees are being released on time, Austerity measures have been introduced to curb wasteful expenditure and exercise for restructuring of offices is on way to make each of the operating units viable. Growth of business as per targets given with emphasis on profitable segments.” said Tajinder Mukherjee,CMD, NIC.