Category:

Risk Management

Delhi airport has a storage capacity of 2.7 million Covid-19 vaccine vials:CEO, Delhi International Airport

The Delhi airport has two cargo terminals with cool chambers where temperature can be set anywhere between -20 degrees Celsius to 25 degrees Celsius.
“We have a storage capacity of around 2.7 million vaccine vials at any moment of time. If we are able to conduct two rounds of distribution during a day, we can distribute 5.4 million vials daily,” . Videh Kumar Jaipuriar, the CEO of Delhi International Airport Limited (DIAL), said.
“These vaccines can come in an envirotainer which can be plugged in to keep the vaccines cool. We have made about 60 plug points where they can be plugged in and they can stay there at the same temperature,” Jaipuriar noted.

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India may ease rules for non-Chinese investments from Hong Kong

Prime Minister Narendra Modi’s administration is formalizing investment rules for neighbouring countries amid a bloody border standoff with China earlier this year.

That’s led to over 140 proposals worth more than $1.75 billion, including proposals from China and Hong Kong, getting delayed and complicating deal-making for investors.

The framework is expected to speed up the approval process and bring in much-needed clarity for both private equity firms and hedge funds and companies looking for foreign capital as they struggle amid the pandemic generated economic shocks.

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Indian Pharma majors rush to buy covers for developing Covid-19 solutions

The policy provides cover for legal liability arising out of lack of care or negligence resulting in injury or death of the subject participating in the trial,
 ’Raheja QBE General insurance, has issued 119 `Clinical Trial Liability Insurance’, policies including 53 covers exclusively for developing Covid 19 remedies from April till November 2020.
“Clinical trial premium is more expensive than other liability products. We have taken reinsurance support for this policy;; said Atul Sahay, CMD, New India Assurance..
, ICICI Lombard General Insurance is now getting ready to provide transit cover for transporting Covid -19 vaccine in India, said Sanjay Datta, Chief – Underwriting, Claims, Reinsurance and Actuarial.

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Microsoft, Google, Cisco, Dell join legal battle against hacking company NSO

The brief, filed before the U.S. Court of Appeals for the Ninth Circuit, opens up a new front in Facebook’s lawsuit against NSO, which it filed last year after it was revealed that the cyber surveillance firm had exploited a bug in Facebook-owned instant messaging program WhatsApp to help surveil more than 1,400 people worldwide.

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Global cos, govt agencies among 200 victims of suspected Russian hacking

Recorded Future Inc., a cybersecurity firm based in Massachusetts, has identified 198 victims that were hacked using the SolarWinds backdoor, said threat analyst Allan Liska. Three other people said the inquiry so far has determined that the hackers further compromised at least 200 victims, moving within the computer networks or attempting to gain user credentials — what cybersecurity experts call “hands on keyboard” activity. The final number could rise from there.

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Integrating ESG aspects in financial sector to benefit all stakeholders:E&Y report

Chaitanya Kalia, Partner and National Leader of Climate Change and Sustainability Services (CCaSS) at EY India, said the COVID-19 pandemic has ascertained the importance of ESG in businesses to manage risks, improve returns and build resilience for a crisis-resilient long-term value creation. ”As we look at the financial sector from the ESG lens, investors need to evaluate environmental and social issues that have a profound and direct role in the economic revival,” Kalia added.

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‘Powerful tradecraft’: how foreign cyber-spies compromised America

Revelations of the attack come at a vulnerable time as the U.S. government grapples with a contentious presidential transition and a spiraling public health crisis. And it reflects a new level of sophistication and scale, hitting numerous federal agencies and threatening to inflict far more damage to public trust in America’s cybersecurity infrastructure than previous acts of digital espionage.

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IMA moves SC on allowing Ayurvedic docs to perform surgeries

The central government had allowed PG students of Ayurveda to perform various kinds of general surgery and medical procedures, including orthopaedic, ophthalmology, ENT and dental, by notifying an amendment in a gazette notification the CCIM issued in November.

The latest amendment allows PG Ayurveda students to receive formal training for such procedures. The training modules for surgical procedures will be added to the curriculum of Ayurvedic studies.

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NGT extends time for constitution of biodiversity management committees

The NGT noted that India is one of the recognised mega-diverse countries of the world, harbouring nearly seven to eight per cent of the recorded species of the world, and representing four of the 34 globally identified biodiversity hotspots.
The Biological Diversity Act, 2002 aims to preserve biological diversity in India and provides mechanism for equitable sharing of benefits arising out of the use of traditional biological resources and knowledge.

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