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India’s COVID-19 caseload reaches 87.28 lakh, recovery rate rises to 92.97 pc

The COVID-19 case fatality rate has further declined to 1.47 per cent.

There are 4,84,547 active cases in the country which comprise 5.55 per cent of the total caseload, the data stated.
The 547 new fatalities include 122 from Maharashtra, 104 from Delhi, 54 from West Bengal, 25 each from Kerala and Tamil Nadu, 23 from Punjab, 21 each from Karnataka and Uttar Pradesh, 20 from Chhattisgarh and 19 from Haryana.

PM inaugurates Ayurveda research & teaching instituteJamnagar,

“Institute of Teaching and Research in Ayurveda will be the first institution with institution of national importance status in the AYUSH sector, and this will enable the institution to be independent and innovative in the matter of deciding course content and pedagogy. The decision to set up the institute comes at a time when global interest in health solutions based on traditional wisdom is at an unprecedentedly high level and ITRA is poised to take Ayurveda education to new vistas,”

Signed, sealed, delivered: Japan to all but scrap centuries-old custom of stamping paperwork

The use of seals will be abolished for all but 83 instances such as automobile registration, the official said, affecting transactions carried out by millions of Japanese every day. The official said no specific timetable has been set for phasing out seal use.

The radical switch comes as newly installed Prime Minister Yoshihide Suga seeks to boost use of digital technology to streamline processes and spur lacklustre growth in the world’s third-biggest economy.

India to get 100 million AstraZeneca’s Covid vaccines next month: Serum Institute head

Drugmakers are just now getting data that will show how well their vaccine candidates work, but there are plenty of hurdles remaining as the global race to find an effective shot against the pathogen reaches its final stages. Astra and co-developer University of Oxford still need to see testing results. And even if their vaccine proves effective and gets a nod from regulators, there are questions over how easily and quickly the shot can be distributed

Willis Towers Watson acquires Acclimatise, to strengthen climate resilience leadership

John Firth, CEO and Co-Founder of Acclimatise, said, “Climate change risk is fast becoming a central part of government, corporate and financial decision making and planning. Meeting growing client demand will require increasingly sophisticated approaches to climate risk assessment and management.”

WeWork losses mount but ‘seismic shift’ in office use seen helping recovery

The pandemic has accelerated a “seismic shift” in the office sector that has put flexibility – an industry byword for the short-term leases the company embraces – and WeWork at the forefront, the memo signed by Chief Executive Sandeep Mathrani and Chief Financial Officer Ben Dunham said.

“This is our moment, and I know that together, we will continue to define the future of work,” they said.

Olympic leaders raise hopes for safe Tokyo Games with fans

News from pharmaceutical firm Pfizer on Monday of promising trials of its vaccine followed Tokyo hosting an international gymnastics competition at the weekend.

Having seen now the different (event) tests in Japan I think we can become more and more confident that we will have a reasonable number of spectators then also in the Olympic venues, IOC President Thomas Bach said.

Asked if the IOC could itself try to acquire vaccine doses for Olympic participants, Bach said contact is ongoing with the World Health Organization and a number of the manufacturers. There are different options under consideration, how vaccines can be made available, he said.

North Korean, Russian hackers target COVID-19 researchers: Microsoft

The software company said a Russian hacking group commonly nicknamed “Fancy Bear” – along with a pair of North Korean actors dubbed “Zinc” and “Cerium” by Microsoft – were implicated in recent attempts to break into the networks of seven pharmaceutical companies and vaccine researchers in Canada, France, India, South Korea, and the United States.

Vaccine alliance secures $2 billion to fund COVID shots for poor nations

The European Commission, France, Spain, South Korea, the Bill & Melinda Gates Foundation and others had in recent weeks pledged another $360 million to the AMC, the alliance said, bringing total funding over the $2 billion target for this year.

Another $5 billion will be needed in 2021 to procure COVID-19 vaccine doses as they come through development and are approved by regulators, GAVI said in a statement.

Philippines hunts for missing after its deadliest typhoon this year

Vamco, the 21st and most deadly cyclone to hit the country this year, tore through the main island of Luzon late on Wednesday and early Thursday, just as the country was reeling from Goni, the world’s strongest typhoon of 2020, which killed 25 people and flattened thousands of homes.

Tens of thousands of homes were engulfed by the floods and as the water receded in areas such as Marikina, a suburb east of Manila, homes covered in debris and caked in mud emerged.

Asia-Pacific closes in on world’s biggest trade deal

RCEP includes China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of South East Asian Nations (ASEAN) – Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines.
One of the deal’s biggest draws is that its members already have various bilateral or multilateral agreements in place, so RCEP builds on those foundations.

It will allow for one set of rules of origin to qualify for tariffs reduction with other RCEP members. A common set of regulations mean less procedures and easier movement of goods.

This encourages multinational firms to invest more in the region, including building supply chains and distribution hubs.

GIC Re turns profitable, records a profit of Rs 230 cr in Sep Qtr

The Indian multinational reinsurer has recorded a gross premium of Rs 10,651.50, up 12.60 per cent year-on-year(Y-o-Y),in Q2 FY 2020-21. 
However,the reinsurer has seen its underwriting losses, at Rs 2 159.35 crore,  improving by six per cent y-o-y, in the reporting period.  
Similarly its combined ratio has marginally improved from 123.46 per cent to 122.10 per cent during Q2 Fy 2020-21.

COVID-19 caseload in India climbs to 86,83,916

There are 4,89,294 active cases of coronavirus infection in the country as on date which comprises 5.63 per cent of the total caseload, the data stated. The total recoveries have surged to 80, 66,501 pushing the national recovery rate to 92.89 per cent, while COVID-19 case fatality rate stands at 1.48 per cent.
The 550 new fatalities include 125 from Maharashtra, 85 from Delhi, 49 from West Bengal, 31 from Punjab, 29 from Kerala, 28 from Tamil Nadu, 25 each from Haryana and Chhattisgarh, 23 from Karnataka and 20 from Uttar Pradesh.