Policy

The Commission in 2013 restricted the use of the neonicotinoids, meaning they could not be used on maize, rapeseed and some spring cereals. They could still be used for other crops, such as sugar beet.

The Commission had reviewed the approvals because of the loss of bee colonies due to the misuse of pesticides.

Govt extends retirement age of LIC chairman from 60 to 62, Kumar to get an extension soon

May 8, 2021 | Indian News, Life, Policy

The new rules which were earlier proposed by the ministry of finance (MoF) and were approved by the the Appointments committee of Cabinet(ACC), headed by the Prime Minister Narendra Modi,on April 22, says “the chairman, LIC may be appointed for period of three years, which was earlier five years, or till he/she attains the age of 62 years whichever is earlier.’’
Another important change in the new rules specifies that only managing directors of corporation are eligible for the selection of chairman whereas under the earlier norms, MDs , executive directors(EDs) and zonal managers (Selection Grade) were all eligible to be part of selection process for the post LIC chairmanship.

India’s fiscal response to COVID conservative, need large stimulus: Report

May 6, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic, Policy

Azim Premji University’s .report, ‘State of Working India 2021: One Year of Covid-19,’ said the impacts of the second wave are still unfolding and may be as large, or larger than the first one.

Further, coming as it does on the back of depleted savings, debt, and reduced fallback options, the second wave can lead to potentially larger impacts on work, incomes, food security, health and education, the report said.

U.S. reverses stance, backs giving poorer countries access to COVID vaccine patents

May 6, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Policy, Risk Management, Technology

Pharmaceutical companies working on vaccines have reported sharp revenue and profit gains during the crisis. The industry’s biggest lobby group warned that Biden’s unprecedented step would undermine the companies’ response to the pandemic and compromise safety.

IRDAI suggests model insurance villages to increase insurance penetration in rural areas

May 4, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

“The concept may be implemented in a minimum of 500 villages in different districts of the country in the first year and increased to a minimum of 1,000 villages in subsequent two years,” the paper said on which the insurance regulator has invited comments from stakeholders by May 17.

It also said the choice of villages is to be made carefully, considering various relevant aspects and parameters in order to implement the concept successfully for a period of three to five years.

Vehicle ownership transfer: Road ministry notifies changes in motor vehicle rules

May 3, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation

“Where the owner of a motor vehicle dies, the person nominated by the vehicle owner in the certificate of registration or the person succeeding to the possession of the vehicle, as the case may be, may for a period of three months from the death of the owner of the motor vehicle, use the vehicle as if it has been transferred to him, Provided that such person has, within thirty days of the death of the owner, informed the registering authority of the occurrence of the death of the owner and of his own intention to use the vehicle,” the notification said.

Vaccine pricing policy may create disparity, revisit it: Supreme Court directs Centre

May 3, 2021 | Eco/Invest/Demography, Health, Indian News, Policy

The apex court said that compelling state governments to negotiate with manufacturers on grounds of promoting competition and making it attractive for new vaccine manufacturers will result in a serious detriment to those in the age group of 18 to 44 years, who will be vaccinated by state governments.

Centre says 1.22 bn doses needed to inoculate people in 18-45 age group

May 2, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy

In an affidavit filed before the top court, the Centre said vaccination is the topmost priority of the government and all efforts are being made to achieve an objective of 100 per cent vaccination in the shortest time possible keeping the available resources in mind and availability of vaccine doses into consideration.

Brazil pharma flags ‘retaliation’ risk over bill to drop vaccine patents

May 2, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Policy

In a joint statement, five of Brazil’s leading pharmaceutical associations sided with his administration.

“The approval of a bill that allows for the weakening of intellectual property could lead to international retaliation and reduce the supply of pharmaceutical inputs.We cannot support measures that could generate more instability and scenarios that may have irreversible consequences, in the short, medium and long term for Brazil,”it said.