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India records 46,790 new COVID-19 cases

There are 7,48,538, active cases of coronavirus infection in the country which comprises 9.85 per cent of the total caseload, the data stated.

A total 67,33,328 people have recuperated from the disease so far pushing the national recovery rate to 88.63 per cent while the case fatality rate due COVID-19 stands at 1.52 per cent.

Experts have warned that infections could rise in India as the holiday season nears, with celebrations for the Hindu festivals of Durga Puja and Diwali due this month and in mid-November, respectively.

London must ‘seize the moment’ to maintain global leadership amid COVID-19 pandemic:Report

Britain accounted for nearly a third of financial activity in the European Union, which it left last January, and will no longer have to comply with its rules after Dec. 31.

New Financial said in its study “Beyond Brexit,” supported by Barclays bank, that leaving the EU would be a seismic change and involve significant disruption for the banking and finance industry’s relations with the bloc.

U.S. says Google breakup may be needed to end violations of antitrust law

The federal government’s complaint against Alphabet Inc’s GOOGL.O, which alleges that Google acted unlawfully to maintain its position in search and search advertising on the internet, was joined by 11 states.
The government said Google has nearly 90% of all general search engine queries in the United States and almost 95% of searches on mobile.
The lawsuit marks the first time the U.S. has cracked down on a major tech company since it sued Microsoft Corp MSFT.O for anti-competitive practices in 1998.
The European Union fined Google $1.7 billion in 2019 for stopping websites from using Google’s rivals to find advertisers, $2.6 billion in 2017 for favoring its own shopping business in search, and $4.9 billion in 2018 for blocking rivals on its wireless Android operating system.

Japan will take steps to guard against Olympics cyberattacks

Olympics organizers reported no significant impact on their operations for the 2020 Games, which were postponed until next year due to the COVID-19 pandemic.
Britain and the United States on Monday condemned what they said were a series of malicious cyber attacks orchestrated by Russian military intelligence, including attempts to disrupt the Tokyo Olympics and Paralympics.

Global coronavirus cases surpass the 40 million milestone

Since the pandemic started, over 1.1 million people have died due to COVID-19, with the global fatality rate hovering around 2.8% of the total cases.

An official at the World Health Organization has said the global death toll from COVID-19 could double to 2 million before a successful vaccine is widely used and could be even higher without concerted action to curb the pandemic.
The United States, India, and Brazil remain the worst affected countries in the world. COVID-19 cases in North, Central, and South America represent about 47.27% or nearly half of global cases.

Around 247 cases are seen per 10,000 people in the United States. For India and Brazil, those numbers stand at 55 cases and 248 cases per 10,000 people respectivel

India coronavirus infections rise by 55,722, crosses 75-lakh mark

There are 7,72,055 active cases of coronavirus infection in the country which comprises 10.23 per cent of the total caseload,the data stated

The national recovery rate has improved to 88.26 per cent while the case fatality rate due COVID-19 stands at 1.52 per cent
The country’s cumulative positivity rate stands at 7.94 percent and is on a continuous decline, the ministry said in a statement.

China’s economic recovery quickens as consumption returns

Policymakers globally are pinning their hopes on a robust recovery in China to help restart demand as economies struggle with heavy lockdowns and a second wave of coronavirus infections.China has partially emerged from a record slump caused by coronavirus shutdowns in the first months of the year.The world’s second-largest economy grew 0.7% in the first nine months from a year earlier, the National Bureau of Statistics (NBS) said.

FSSAI”s new food safety compliance platform to become operational across India from Nov

It said since 2011, its online FLRS (Food Licensing and Registration System) is the soul of the licensing ecosystem. It is operational in all states and 70 lakh licences/ registrations have been issued till date while over 40 lakh licensees/ registrants are actively transacting on it.

“FSSAI is launching its cloud based, upgraded new food safety compliance online platform called FoSCoS( URL – https://foscos.fssai.gov.in).

Airlines’ coronavirus safety analysis challenged by expert

Airlines and planemakers are anxious to restart international travel, even as a second wave of infections and restrictions take hold in many countries.

“With only 44 identified potential cases of flight-related transmission among 1.2 billion travellers, that’s one case for every 27 million,” IATA medical adviser Dr David Powell said in a news release, echoed in comments during the event.

IATA said its findings “align with the low numbers reported in a recently published peer-reviewed study by Freedman and Wilder-Smith”.

But Freedman, who co-authored the paper in the Journal of Travel Medicine with Dr Annelies Wilder-Smith of the London School of Hygiene and Tropical Medicine, said he took issue with IATA’s risk calculation because the reported count bore no direct relation to the unknown real number of infections.

Insures should partner banks to issue Surety Bonds​​​​​​​:IRDAI Panel

Instead of Insurance industry handling alone, a mechanism is required wherein the banking sector and the insurance sector could collaborate for sharing of customer information since banks have more experience in managing these types of risks, suggested the panel..

To start with performance bonds / surety bonds can be issued limited to the projects of NHAIs only and not for all the contractors. The rate should be determined by a market agreement, suggested the panel