Welcome to My Blog
Here is a masonry blog layout with no sidebarClimate change poses ‘profound threat’ to global growth: IMF chief
Lloyd’s of London reviews insurance contracts due to COVID-19
“The insurance industry must urgently reassess how it can better serve and support its customers,” Lloyd’s Chief Executive John Neal said in a statement.
Lloyd’s recommendations for simpler products including insurers carrying out a “linguistics review” of policy documents, investing in new products such as parametric insurance which pay out immediately when specific triggers are hit, and involving customers in product design.
Container shipping group CMA CGM resumes online services after cyber attack
Brexit Britain is falining EU’s Data-Privacy test, activist warn
The Information Commissioner’s Office, or ICO, said it’s “already equipped for its new role as UK data-protection supervisory authority both during transition and beyond” and is “supporting businesses in the run-up to the transition period with guidance and advice.”
The UK’s Department for Digital, Culture, Media and Sport said in an emailed statement that it’s “committed to high data protection standards and the UK is a global leader in protecting people’s personal data.”
U.S. Olympics suing insurers for holding up Nassar settlement talks
Larry Nassar sexual abuse scandal.Committee Chair Susanne Lyons accused insurers including 11 insurers, including units of Chubb Ltd and American International Group Inc, of holding up settlement negotiations with the hundreds of women who were abused by disgraced former USA Gymnastics national team doctor Nassar
J&J pauses COVID-19 vaccine trials due to unexplained illness in participant
Freeport does a balancing act as world’s biggest gold mine grapples with COVID-19
Mexico makes nearly $160 million down payment for COVAX vaccine plan
The global health agency’s COVAX Facility is a multilateral initiative running trials on several potential vaccines. The latest payment will allow Mexico to acquire enough doses of a vaccine to immunize up to a fifth of the country’s population of around 125 million people, the foreign ministry said.
India data centre infra market to touch $2.8bn in 2020:Gartner
Major ports’ cargo traffic falls for 6th straight month; logs 14% drop
Worst is over, economic recovery faster than expected: HDFC CEO Keki Mistry
The veteran financial sector player also said that most of the job losses during COVID-19 were confined to low-income workers and the job losses for the kind of people who borrow money were not alarming.
The non-performing individual loans could be in the range of 2.5-4 per cent, which is also the extent of loans that the RBI has allowed to restructure, Mistry added.
COVID-19 cases in India cross 70-lakh mark,fatality rate at 1.54 per cent
The health ministry stressed that more than 70 per cent of the deaths occurred due to comorbidities.
The national recovery rate stands at 86.17 per cent.
The COVID-19 caseload mounted to 70,53,806 with 74,383 infections being reported in a day, while the death toll climbed to 1,08,334 with 918 people succumbing to the disease in a span of 24 hours, the data updated at 8 am showed.
According to the ICMR, a cumulative total of 8,68,77,242 samples have been tested up to October 10 with 10,78,544 samples being tested on Saturday.
Digital healthcare to witness exponential growth in next 5 years: Practo CEO
The healthcare as an overall sector in India is close to USD 200 billion in size and just a single digit of it is online today, Practo co-founder and CEO Shashank ND
Digital adoption in healthcare is still very small and 90 per cent of healthcare is still offline today. So for the companies like Practo, there is a long way to go, he added.
“I expect that this single digit will grow into 20-30 per cent in the next 5-10 years and that is going to be a real big jump for the sector,” Shashank told PTI.
Delhi govt exempts road tax on battery-operated vehicles under its EV policy
Delhi government will provide financial assistance to those buying electric vehicles under Electric Vehicle Policy. Financial assistance of ₹30,000 will be given on the purchase of 2-wheelers, ₹1.5 lakh on cars and ₹30,000 on auto-rickshaws and e-rickshaws.
In August, Kejriwal announced that the Delhi government has notified the electric vehicle policy.
Emergency use authorization for COVID-19 vaccine to depend on clinical trial data
Categorically rejecting speculation that the government is prioritizing young and working-class for the COVID-19 vaccine for economic reasons, Union Health Minister Harsh Vardhan said, the prioritisation of groups for COVID-19 vaccine shall be based on two key considerations — occupational hazard and risk of exposure to infection, and the risk of developing severe disease and increased mortality
Digital payments soar manifold in 5 years to FY20: RBI
FPIs turn positive on Indian markets, invest Rs 1,086 cr so far in October
According to the depositories data, overseas investors pumped in a net Rs 5,245 crore into equities and withdrew Rs 4,159 crore from the debt market during October 1-9.
This translated into a total net inflow of Rs 1,086 crore.
In September, FPIs were net sellers at Rs 3,419 crore.
“Better than expected Q2 (earnings) performance, rising GST collection and a general opening up of the economy are helping India in becoming an attractive investment destination,” Harsh Jain, co-founder and COO at Groww, said.
PM Modi launches property-card scheme to aid rural households
The government plans to use drone technology to map land parcels in rural areas and cover some 620,000 villages over the next four years, Modi said.
“Despite owning houses, people were facing multiple problems while borrowing from banks. These people can now borrow very easily from banks after showing property cards issued under ownership scheme,” Prime Minister Narendra Modi said.