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UN chief urges all countries to stop building new coal power plants

“To reach carbon neutrality by 2050, I am calling for all countries to stop building new coal power plants and for partners to stop financing them,” said the Secretary-General.

“Countries also need to put a price on carbon and end subsidies for fossil fuels. Our response to the Covid-19 crisis must be aligned with the Paris Agreement and Sustainable Development Goals. In all these efforts, you can count on the support of the United Nations system,” the UN chief added.

India has initiated an integrated response against Covid-19: Harsh Vardhan

“From the development of indigenous vaccines, novel point-of-care diagnostics and therapeutic formulations based on traditional knowledge, to establishing research resources and offering services, Indian R&D entities, both public and private, are working relentlessly to develop effective interventions for combating the pandemic,” Vardhan, who holds the charge of Health Ministry as well as the Science and Technology Ministry, said.

China finds coronavirus on frozen beef, tripe from various countries

More than 7,500 people who may have had contact with the contaminated products and other related personnel have tested negative for the virus that causes COVID-19, it said.

Chinese authorities last week found the coronavirus on the packaging of Saudi shrimp in Lanzhou city, Brazilian beef in Wuhan city and Argentinian beef in Shandong and Jiangsu provinces.

Labour Ministry seeks feedback on draft rules under Code on Social Security

The draft rules provide for operationalization of provisions in the Code on Social Security, 2020 relating to Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC), gratuity, maternity benefit, social security and cess in respect of building and other construction workers, social security for unorganised workers, gig workers and platform workers.

The draft rules also provide for Aadhaar-based registration including self-registration by unorganised workers, gig workers and platform workers on the portal of the Central government, the statement said.

Will ask govt to make employers’ contribution tax-free in Budget:PFRDA

“We may propose things like 14 per cent contribution by employers to be made tax free to all. Currently, it is given only to the central government employers.So we are requesting the government to give it to all the employers, whether it is state governments or other corporate entities, so that subscribers across the board can get this benefit,” Supratim Bandyopadhyay, chairman, PFRDA said

Centre to provide 300 ICU beds to Delhi hospitals to tackle rising Covid-19 cases: Amit Shah

While India’s daily increase in cases has been under the 50,000 mark for eight straight days, around half its record peak, the city state of Delhi has recorded over 7,000 cases a day over the last five days – a record level.

“Delhi has witnessed a huge surge in daily active cases which is likely to worsen over next few weeks,” Harsh Vardhan said in a tweet on Sunday.

First batch of Sputnik V vaccine to reach Kanpur medical college for Phase 2, 3 trials

“As many as 180 volunteers have registered for the trials. Head of the research Saurabh Agarwal will determine the dosage of the vaccine to be administered. One dose will be administered and the condition of volunteers will be monitored to determine whether they need further doses or not,” R B Kamal,principal of Kanpur’s Ganesh Shankar Vidyarthi Medical College said

FPIs put in Rs 35,109 cr in Nov so far, global trends to be a major market driver in week ahead

he BSE and NSE will remain closed on Monday on the occasion of ”Diwali Balipratipada”.

“This week is a holiday-shortened one and we believe global cues will be in focus as there are no major domestic triggers and corporate earnings season is almost over,” said Ajit Mishra, VP – Research, Religare Broking Ltd.

Trend in coronavirus, with rising cases of infections in the US and Europe will also be influencing market sentiment, he added.

In first for Fed, U.S. central bank says climate poses stability risks

“Acute hazards, such as storms, floods, or wildfires, may cause investors to update their perceptions of the value of real or financial assets suddenly,” Fed Governor Lael Brainard said in comments attached to the report, released Monday.

“Chronic hazards, such as slow increases in mean temperatures or sea levels, or a gradual change in investor sentiment about those risks, introduce the possibility of abrupt tipping points or significant swings in sentiment,” Brainard said.