With the beginning of the renewal season in Asian region, Hitesh...
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Climate Risk: Is India Inc moving fast enough?
From a disaster management perspective, parametric solutions can...
Bayer faces billions in payouts for decades-old toxic mess
On Tuesday Bayer was hit with a $100 million verdict in the most...
Chhattisgarh rejects Bharat Biotech vaccine approved without efficacy data
“There’s an inhibition/concern among the community in general regarding the use of COVAXIN,” state health minister T.S. Singh Deo wrote in a letter to his federal counterpart, Harsh Vardhan, and shared on Twitter.
“This concern arises from the fact that the clinical trials of phase 3 are yet to be completed.”
Irish central bank: We’ll act against insurers who don’t pay COVID-19 claims
Ireland’s High Court ruled on Feb. 5 that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a case that could have implications for over 1,000 similar contracts for FBD alone Gabriel Makhlouf said a number of insurers had already accepted and begun settling business-interruption claims as a before the court judgment in Dublin, as well as one in London.
Creation of health ID under NDHM not mandatory for citizens: Ashwini Choubey
On August 15, 2020, Prime Minister Narendra Modi announced the NDHM, following which NDHM pilot mode was launched in the Union Territories of Chandigarh, Ladakh, Dadra and Nagar Haveli and Daman and Diu, Puducherry, Andaman and Nicobar Islands and Lakshadweep. The budget allocated for the NDHM for 2020-21 is Rs 30 crore, Choubey said in a written reply to a question in the Lok Sabha.
ICICI Lombard launches “Corporate India Risk Index”
Bhargav Dasgupta, MD & CEO, ICICI Lombard said “Effective risk management starts with having quantifiable risk measurement tools. As we embrace risk mitigation practices, we must have these basic building blocks in place.This initiative will empower India Inc. to gauge risks better, understand their level of preparedness and accordingly adopt effective risk management practices.”
Intl passenger traffic fell by 90.56 pc in March-Dec 2020: Govt
”Revenues of major Indian scheduled carriers fell from Rs. 46,711 crore during April-September 2019 to about Rs. 11,810 crore during April-September 2020. Their full time and contractual employment which was 74,887 as on 31 March 2020 fell to 67,906 as on 30 September 2020,” Puri told Rajya Sabha in a written reply to a question.
Brazil group sues Norsk Hydro over alleged pollution
The lawsuit has been brought by a group of communities who live in the lower Amazon region in the state of Para, mainly members of Cainquiama – the Amazon Association of Mixed Race, Indigenous and Quilombolas – representing some 11,000 families.
They are seeking compensation for what they say is “the incorrect disposal of toxic waste in the Murucupi River, as well as other effects from the presence of Norsk Hydro installations in the region”, their law firm PGMBM said in a statement.
Fines, jail term for breach of UK’s new Covid-19 travel rules
In a statement to the House of Commons, Health Secretary Matt Hancock unveiled the new rules to come into force from next Monday, which also include two additional compulsory PCR tests on arrival during a 10-day hotel quarantine as part of a 1,750 pounds pre-booked package covering accommodation, transport and testing.
“From Monday, all international arrivals will be required by law to take further PCR tests on day two and day eight of that quarantine,” said Hancock.
Twitter says will not fully comply with India govt orders to take down some accounts
The government has played hardball, sending Twitter a notice of non-compliance last week that threatens its executives with jail terms of up to seven years and the company with fines if it does not block the content. Twitter said it had suspended more than 500 accounts that were engaging in clear examples of platform manipulation and spam, and had also taken actions on hundreds of others that breached its rules relating to the inciting of violence and abuse.
Lloyd’s launches global resilience platform for systemic risks
“The COVID-19 pandemic has shown that a hypothetical systemic risk, is never far from becoming a reality and that we must do everything we can to prepare and mitigate against the worst impacts of the constantly changing and challenging risk landscape,” commented John Neal, CEO of Lloyd’s.
Scientists warn over misuse of Climate Models in financial markets
“In the same way that a Formula One Grand Prix car is not what you would use to pop to the supermarket, climate models were never developed to provide finessed information for financial risk,” said Andy Pitman, a climate scientist at the University of New South Wales and a co-author of the paper.