While organisations in Asia race to adopt new technologies such as...
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UP implements ‘no helmet, no fuel’ rule to put curb on road accidents
Chief Minister Yogi Adityanath had noted that annually 25,000-26000...
Tougher US sanctions to curb Russian oil supply to China and India
Sanctions on Russian oil insurers will prompt Russia to price its...
Climate change drives $268 bn global damage from 2020 natural disasters with 64% uninsured:Aon report
“When Natural Disasters and a Pandemic Collide” global annual report explores “connected extremes”
Asia recorded $95 billion in economic damage from natural disasters in 2020. Just 9% was insured; which means the protection gap was 91% further highlighting protection gap vulnerabilities in 2020
Cairn Energy threatens to enforce arbitration award against Indian assets overseas
Cairn was awarded damages of over $1.2 billion plus interest and costs in a long drawn-out tussle over a tax dispute and the Indian government is now liable to make this payment. An Indian official, however, said at the time the government would likely challenge the order.
If India does not comply with the order it would be a violation of international rules on arbitral awards, commonly called the New York Convention, Cairn said in a letter addressed to the Indian High Commission in London.
Transport ministry approves “Green Tax’ for older vehicles from April 1 2022
The ministry said that the aim of the new proposal is to dissuade people from using vehicles which damage the environment, to motivate people to switch to newer, less-polluting vehicles and reduce pollution levels by making the polluter pay for pollution.
The minister also approved the policy of deregistration and scrapping of vehicles owned by government department and PSUs, which are more than 15 years in age.
India to impose permanent ban on 59 Chinese apps, including TikTok – Indian media
“The government is not satisfied with the response/explanation given by these companies. Hence, the ban for these 59 apps is permanent now,” a section of business media quoted a source familiar with the notices as saying. It said the notices were issued last week.
The ministry’s June order stated that the apps were “prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”.
Privacy fears as Indian city readies facial recognition to spot harassed women
While there is a growing backlash against facial recognition technology in the United States and in Europe, Indian officials have said it is needed to bolster a severely under-policed country, and to stop criminals and find missing children.
But digital rights activists say its use is problematic without a data protection law, and that it threatens the right to privacy, which was declared to be a fundamental right by the Supreme Court in a landmark ruling in 2017.
Crypto industry has ‘wind in its sails’, 8 companies eye public offerings
The IPO market has been red-hot since last fall as companies rushed to take advantage of the 70% surge in stocks since the March lows. Public debuts and blank-check companies have grown so popular that record after record fell. And first-day pops in share prices, a barometer of investor appetite for newly public firms, are among the biggest in decades.
It has all become too much to ignore for the crypto industry.
The IPO mania alone is enough to stoke bubble worries, but adding crypto to the mix after its record run is fueling concern that investors are setting themselves up for an especially painful comeuppance.
NGT directs UP govt to take action against unregulated solid waste dumping in Yamuna flood plains
“Violation of environment laws is as serious if not more that any other criminal law. Failure of the authorities to check such crimes is failure of the public trust reposed in such authorities for protection of citizens’ rights.
Ageing dams in India, US, other nations pose growing threat: UN report
Ageing signs include increasing cases of dam failures, progressively increasing costs of dam repair and maintenance, increasing reservoir sedimentation, and loss of a dam’s functionality and effectiveness, “strongly interconnected” manifestations, the report said.
“By 2050, most people on Earth will live downstream of tens of thousands of large dams built in the 20th century, many of them already operating at or beyond their design life,” according to the UN University analysis.
Vaccinated people may still transmit COVID-19, warns England’s chief medic
Professor Jonathan Van-Tam, England’s Deputy Chief Medical Officer, also warned that there is no clear evidence yet to show that vaccinated people cannot transmit the deadly virus on to others.
“Regardless of whether someone has had their vaccination or not, it is vital that everyone follows the national restrictions and public health advice, as protection takes up to three weeks to kick in and we don’t yet know the impact of vaccines on transmission,” said Van-Tam.
Three govt agencies launch probe in Serum Institute fire causing Rs 1000 cr losses
“The supply of COVID-19 vaccine will not be affected due to the fire. No actual vaccine was being made at that facility. We were lucky that the incident happened in a different building. The extent of the financial damage is more than Rs 1,000 crores,” Poonawalla said while addressing a press conference.