Category:

Policy

Latest

India to Indonesia: Asian economies challenged by Delta Covid variant

Supply chains from Vietnam to Thailand, where outbreaks are surging, have also been interrupted, with factories that make goods for Nike Inc. and Adidas AG shutting down over virus restrictions, potentially missing out on the crucial holiday shopping season. That raises the prospect of Asia’s delta hit reverberating worldwide, if exports are delayed longer term.

“The current delta wave in Asia may snarl production networks further,” said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. “The risk is that growth scars linger for longer.”

read more

UK eases travel restrictions for Indians, compulsory institutional quarantine rule removed

According to the Department of Health and Social Care (DHSC) all arrivals from India who have been vaccinated with both the doses can choose to isolate at home. The individuals no longer need to shell out 1, 750 pounds per head for 10 day quarantine at a government-approved facility. Moreover, people vaccinated in UK or Europe are exempted from home quarantine requirements as well. Moreover, work is ongoing to determine which non-UK vaccines and certification solutions will be recognised. This comes as the UK reviews its three-tier international travel restrictions with a color-coded list of countries (red, amber & green).

read more

India gave priority to poor in its strategy to combat COVID-19 crisis: PM Modi

He noted that over 80 crore citizens have been provided free ration after the COVID-19 started in the country.

“Not just wheat, rice or pulses but over 8 crore poor families were even provided free gas cylinders during the lockdown. Over 20 crore women received around Rs 30,000 crores directly in their Jan Dhan bank accounts,” the Prime Minister stated.

read more

COVID-19 Pandemic:UK govt partners with Lloyd’s to launch $1 Billion reinsurance scheme to cover music festivals

The insurance will be available from Lloyd’s of London syndicates including Beazley, Hiscox and Munich Re, with the government acting as a reinsurer.

“With this new insurance scheme, everything from live music in Margate to business events in Birmingham can go ahead with confidence,” British finance minister Rishi Sunak said.

read more

J&J seeks emergency use nod for COVID-19 vaccine in India

Indian health authorities have so far approved the use of vaccines developed by AstraZeneca,  Bharat Biotech, Russia’s Gamaleya Institute and Moderna.

The government and Moderna are still trying to sort out issues over imports of the vaccine and indemnity, a top executive at Indian drugmaker and Moderna’s local distribution partner Cipla told Reuters in an interview on Friday.

read more

PSU general insurers’ employees observe strike to protest proposed privatisation

The one-day strike against the passage of the General Insurance Business (Nationalisation) Amendment Bill 2021 in the Lok Sabha was successful across the country, General Insurance Employees All India Association’s General Secretary K Govindan claimed.

About 52,000 employees and officers across all four PSGI companies participated in the day-long strike, he added.

read more