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Here is a masonry blog layout with no sidebarIndia’s Serum says produced 40 million doses of AstraZeneca COVID-19 vaccine
Kenya’s president saves fig tree from Chinese-funded highway
Insurance losses from U.S. West Coast wildfires to top $8 billion:: Aon
Insurance and reinsurance industry losses from wildfires across U.S. states, including California, Oregon and Colorado, were estimated to be more than $8 billion, according to a monthly report on global catastrophes by Aon Plc. Economic losses from the fires...
Smell, taste changes provide early indication of COVID-19 community spread: Study
Job creation,IT Relief and Rs 900 cr grant for COVID-19 vaccine research In Stimulus 3.0
Employees contribution (12 per cent of wages) and employer’s contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said.
Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees’ Provident Fund Organisation (EPFO) registered establishment taking new employees would get this subsidy.
Irdai gives final nod for merger of HDFC ERGO Health with HDFC ERGO General Insurance
Under this, share exchange ratio of 100:385 has been okayed by the board of the subsidiary companies which would mean allocation of 385 shares in HDFC ERGO Health for 100 shares in HDFC ERGO
With the merger of HDFC ERGO Health Insurance with HDFC ERGO General Insurance, the number of there stand-alone health insurers will from seven to five..
Earlier,IRDA had asked Reliance General Insurance to take over Reliance Health Insurance as the exclusive health insurers was had fallen short of solvency margin and the financially troubled promoter company Reliance Capital was unable to infuse capital in its health insurance subsidiary.
IRDAI allows e-signature of customers for buying life insurance policies till March 2021
Japan suicides rise as economic impact of coronavirus hits home
According to preliminary police data, the total number of suicides for October was 2,153, an increase of more than 300 from the previous month and the highest monthly tally since May 2015.
Of October’s cases, 851 were women, a rise of 82.6% over the same month in 2019. The number of suicides by men rose 21.3%.
Cases of suicide had been falling steadily until July but then the economic impact of the novel coronavirus outbreak hit home and the numbers started rising, activists say.
Climate finance neglects small-scale farmers – new report
Small-scale farmers currently produce 50 percent of the world’s food calories. However, higher temperatures – together with increased incidences of drought and flooding – destroy crops and livestock and make it difficult for them to continue to feed their communities and earn a living.
“It is unacceptable that the people who produce much of the world’s food, and who are at the greatest mercy of increasingly unpredictable weather, receive the least support. Small-scale farmers living on marginal lands are on the frontline of climate change and should have access to the climate finance they need to adapt their production,”said Gilbert F. Houngbo, President of IFAD..
HC allows Delhi govt to reserve 80% ICU beds for COVID-19 patients in 33 private hosptials
A bench of Justices Hima Kohli and Subramonium Prasad allowed the appeal of Delhi government challenging a single judge’s interim order staying the government’s decision to reserve 80 per cent ICU beds.The high court vacated the stay order passed by the single judge and listed the matter for further hearing on November 26 before the single bench and till then the reservation of 80 per cent of ICU beds will continue.
Coronavirus vaccine hope dampens prospects for corporate stay-at-home darlings
Global insurance markets set to rebound with China leading recovery, says Swiss Re
Global insurance premiums expected to grow by 3.4% in real terms in 2021, after contracting an estimated 1.4% in 2020
China will lead recovery with premiums up by an estimated 10% in non-life next year, and by 8.5% in life
Insurance recovery supported by heightened risk awareness driving demand and continued strong rate hardening
Amid uncertainty of how the COVID-19 crisis will evolve, and the risk of trade war and a credit crisis, public policy should focus on sustainable infrastructure development and inclusive growth
Global insurance markets set to rebound with China leading recovery, says Swiss Re Institute
Pfizer vaccine trial success signals breakthrough in pandemic battle
Russia says its Sputnik V COVID-19 vaccine is 92% effective
Bank employees to get 15 % salary hike, PLI scheme introduced for banks
The wage negotiation covered 29 banks — 12 public sector banks, 10 private banks, and seven foreign banks — and 500,000 employees in the banking sector.
A joint statement by the four unions representing the workmen said for the first time, there will be uniform basic, dearness allowance, house rent allowance (HRA), special allowance, and transport allowance. The HRA rate will be 10.5 per cent on pay across the country.
Nepal COVID-19 cases cross 200,000 amid fears of health catastrophe
“The government is not prepared to handle the catastrophic situation. There are no community based isolation centres and ICU beds are limited,” said Aayas Luintel, a doctor who has been treating coronavirus patients in Patan Hospital near Kathmandu.
Santa Kumar Das, of the Tribhuvan University Teaching Hospital, in Kathmandu, said medics were seeing more severe cases of community transmission after relatively mild cases from outside previously.
India to spend $27 billion over 5 years to boost manufacturing
The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles and food products to attract investment, Nirmala Sitharaman said.
The scheme has been designed to ensure that “critical sunrise sectors get necessary support from the government so we are able to build an India which is strong enough to serve the domestic market and link up with the global value chain,” Sitharaman said.
Pandemic to deliver $12 trillion hit to global output – Swiss Re
“Overall the insurance industry has handled this well because it entered the crisis with lots of capital. So it knew about the risk,” Chief Executive Christian Mumenthaler told a Bloomberg financial conference.
Many market players hedged early, he said, figuring the COVID-19 respiratory disease would spread around the world after first being identified in Wuhan, China, late last year.
“And then the overall loss as we can see it now – between $50 billion and $80 billion – is manageable for the insurance industry. You compare that to more than $140 billion in 2017 in terms of nat cat (natural disaster) losses,” he said.