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Transport ministry proposes more sops for scrapping vehicles with BS-II
The Ministry of Road Transport and Highways (MoRTH) in a draft...
Govt drafts rules for mandatory adoption of Indian Standard Time nationwide
IST shall be the mandatory time reference across all sectors,...
White House considering intellectual property waiver for COVID-19 vaccines
Critics say waiving the WTO’s agreement on Trade-Related Aspects of Intellectual Property could reduce the safety of vaccines, and that setting up production in new places would sap resources needed to boost production in existing locations.
The United States and several other countries have thus far blocked negotiations at the World Trade Organization (WTO) about a proposal led by India and South Africa that would waive the IP rights of pharmaceutical companies to allow developing countries to produce COVID-19 vaccines.
EU asks if Aon rival Gallagher, others are right buyers for assets -sources
Earlier this month, Aon offered to sell assets in five European Union countries, Willis’ reinsurance arm and its German retirement benefits and consulting business, people with direct knowledge of the matter had told Reuters.
The package of concessions to the European Commission also included Willis’ insurance broking activities in France, including French unit Gras Savoye, as well as in Germany, Spain and the Netherlands.
Bankers call for more bang to Britain’s big finance fightback
Much is at stake given that Britain’s financial services sector employs 1.1 million people and raises about 75.5 billion pounds a year in tax, a figure which consultants PwC expect to ease in 2021 due to the City of London being effectively cut off from the EU, hitherto its biggest export market.
But many rule changes will need legislation, meaning they may not come into effect until 2022 or beyond.
Domestic airfare cap, flight capacity to remain unchanged till May 31
RBI limits tenure of bank CEOs, MDs to 15 years, rule to be effective from October 1
Lenders like Kotak Mahindra Bank may be affected though the impact will not be felt immediately as RBI has allowed CEOs to complete their current tenure.
Promoter Uday Kotak who has been at the helm of the bank for over 12 years had been re-appointed for a term of three years starting January 2021.
Europe embraces digital health pass,to face security, fraud, political challenges
The EU Commission plans to award a contract this month for a central system for verifying the digital passes, which will use QR codes that can be scanned into a smartphone app. It will also provide a template to help member countries develop their own apps – though some have already readied their own versions.
There is still no consensus on whether antibody tests provide sufficient proof that a person who has recovered from COVID-19 is immune, sources involved in the efforts say.
Member states also worry about the security of personal information, though the Commission has promised the online certificates will contain minimal data: name, date of birth, the specific health information, its date of issue and a unique identifier code.
Union Health Secretary writes to states for systematic implementation of vaccination Phase III
The document also mentions that it is necessary for all CVCs to declare vaccine type, stock and prices for vaccination services being offered from May 1 onwards.In order for the public to make informed choices, vaccine types and prices will be displayed in the ‘appointments’ section.
Data Protection:RBI bars American Express Banking Corp. and Diners Club International from on-boarding new domestic customers
These entities have been found non-compliant with the directions on “Storage of Payment System Data”.
n terms of RBI circular on Storage of Payment System Data dated April 6, 2018, all Payment System Providers were directed to ensure that within a period of six months the entire data (full end-to-end transaction details / information collected / carried / processed as part of the message / payment instruction) relating to payment systems operated by them is stored in a system only in India.
IRDAI asks insurers to ensure expeditious settlement of COVID-19 claims
Insurance Regulatory and Development Authority of India (IRDAI) has also requested all the hospitals not to differentiate the patients in terms of admission or treatment.
The regulator noted that there are reports of certain network providers (hospitals) charging high rates and insisting on cash payments from the policyholders for providing treatment to COVID-19 infected patients despite having cashless arrangement with insurers.
FM asks IRDAI to act against insurers for denying cashless claims
‘Reports are being received of some hospitals denying cashless insurance. Spoken to Chairman, IRDAI Shri SC Khuntia to act immediately. In March’20 #Covid included as a part of comprehensive health insurance. Cashless available at networked or even temporary hospitals,’ the minister said in a series of tweets.
The Insurance Regulatory Development Authority of India (IRDAI), she added, has asked insurance companies to prioritise settlement of COVID claims.