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Here is a masonry blog layout with no sidebarEuropean Development Finance group to exit fossil fuel investments by 2030
The move comes a week before the world’s 450 DFIs meet for the first time at a major conference in France to discuss accelerating their efforts to help in the fight against climate change as well as to boost sustainable development more broadly.
A key factor will be how open lenders in coal-reliant Asia are to any toughening of policy.
India sees early vaccine launch as AstraZeneca deliveries run late
An Indian government-backed vaccine could be launched as early as February – months earlier than expected – as last-stage trials begin this month and studies have so far showed it is safe and effective, a senior government scientist told Reuters.
Bharat Biotech, a private company that is developing COVAXIN with the government-run Indian Council of Medical Research (ICMR), had earlier hoped to launch it only in the second quarter of next year.
Lloyd’s 2nd blueprint targets cost reduction of £800m for brokers, underwriters and business partners
The comprehensive programme and priorities detailed in Blueprint Two will profoundly transform the way in which customers get covered, right though to recovering from loss; this will be achieved by the redesign of the entire insurance lifecycle process – from placement through to accounting, payment, endorsements, claims, renewals and reporting – offering a seamless digital service for all Lloyd’s customers and stakeholders globally.
Modi woos global investors as economy shows signs of recovery
WhatsApp gets approval to launch payments feature in India
“Now you can send money to your friends and family through WhatsApp as easily as sending a message. There’s no fee, and it’s supported by more than 140 banks. And because it’s WhatsApp, it’s secure and private too,” said Facebook CEO Mark Zuckerberg .
“WhatsApp can expand its Unified Payments Interface (UPI) user base in a graded manner starting with a maximum registered user base of 20 million,” the National Payments Corporation of India (NPCI) said in a statement.
Online transactions, lending and e-wallet services have been growing rapidly in India, led by a government push to make the country’s cash-loving merchants and consumers adopt digital payments.
Lloyd’s of London ditches plan to create its own electronic exchanges
Infosys receives RIMS global ERM Award of Distinction
“We operate in a fast-evolving world, where we and our stakeholders find ourselves in the midst of disruption.Success in times like these require us to take calculated risks so we can move forward in a differentiated and progressive manner. Our enterprise risk management program has evolved to become a strong framework to manage potential threats to our objectives in a proactive manner, and enhance our performance,” said U B Pravin, Member of Board & Chief Operating Officer, Infosys Limited
UK regulator, insurers, set for November 16 court battle over COVID-19 case
The FCA, six insurers and an action group are appealing a lower court judgment that sought to clarify whether 21 policy wordings, affecting potentially 700 types of policies, 60 insurers, 370,000 policyholders and billions in claims, cover disruption and government-ordered closures to curb the virus.
Although expedited, the appeal has delayed payouts on disputed claims just as thousands of struggling businesses face a second national lockdown this week to curb resurgent coronavirus cases.
Technology can make India’s crop insurance scheme profitable:Report
Contributing to the report, the Agricultural Insurance Company of India commented: “With the advent of new concepts in agriculture, the scope for crop / agriculture insurance in India is vast. The main challenge is consistency. The scheme has changed drastically in a very short space of time. Reinsurers believe there is ample opportunity but only if they decide to commit to this product for the longer term and take a long-term view despite the changes.”
Poor public risk management led to higher Covid-19 Pandemic losses and P&C market exposure:Denis Kessler
Denis Kessler, chairman and chief executive officer of SCOR said that this is the biggest surprise of the crisis because it’s the opposite of what, broadly speaking, had been anticipated and modelled for pandemic risk. While the industry was certainly not unaware of pandemic threat, it failed to accurately anticipate the lines it would impact most severely
U.S. formally exits global climate pact amid election uncertainty
High recovery keep active COVID-19 cases in India below 6 lakh
The Health ministry further said 76 per cent of the new cases of COVID-19 were from 10 states and UTs, with Kerala and Delhi having contributed the maximum of more than 6,000 cases each. Maharashtra had over 4,000 new cases in a day.
As many as 514 fatalities have been reported in a a day. Of these, nearly 80 per cent were concentrated in 10 states and UTs with Maharashtra reporting the maximum 120 deaths.
India’s COVID-19 fatality rate stands at 1.49 per cent, with 21 states and UTs have deaths per million lower than the national average, the ministry said.
Nearly 2 crore people in Karnataka were COVID-19 infected, says govt survey
The survey also found that the infection fatality rate due to COVID-19 was 0.05 per cent. “Out of 7.07 crore estimated population in Karnataka, the study estimates that 1.93 crore (27.3 per cent) of the people are either currently infected or already had the infection in the past, as of 16 September 2020,” the report said.
Govt issues ordnance to amend arbitration law
As per the latest amendment brought through the ordinance, if the award is being given on the basis of an agreement based on fraud or corruption, then the court will not impose a condition to stay the award and grant an unconditional stay during the pendency of the appeal if it has been challenged under Section 34 of the arbitration law.
Britain prepares for COVID-19 vaccine as Oxford forecasts result this year
20 per cent COVID-19 patients only show gastrointestinal symptoms: Study
Airlines can operate maximum 60% of pre-COVID domestic flights until February 24 next year:Govt
Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the pandemic. However, special international flights have been operating under the Vande Bharat Mission since May and under bilateral air bubble pacts signed with various countries since July.