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‘Food is the best vaccine against chaos’; U.N. food agency WFP wins Peace Nobel
“There is an estimate within the World Food Programme that … there will be 265 million starving people within a year, so of course this is also a call to the international community not to underfund the World Food Programme.”
WFP runs a logistics service that has dispatched medical cargoes to over 120 countries throughout the pandemic to help governments and health partners fighting COVID-19.
It also has provided passenger services to ferry humanitarian and health workers where commercial flights were unavailable.
Central banks sketch out digital currency as China forges ahead
Central banks began looking closely at digital currencies after Facebook last year announced its yet-to-be-launched digital token Libra that would be backed by a mixture of major currencies and government debt. The body behind Libra has since tweaked plans and now hopes to launch several “stablecoins” backed by individual currencies.Central banks need to keep up to avoid the private sector plugging payments gaps in unsuitable ways,Bank of England (BoE) Deputy Governor and chair of a BIS committee on payments Jon Cunliffe said.
M&M offers free coronavirus insurance plan for Bolero pick-up range
Microsoft to let employees work from home permanently: Report
“The Covid-19 pandemic has challenged all of us to think, live and work in new ways,” Microsoft’s Chief People Officer Kathleen Hogan said in a note to employees obtained by the tech news outlet.
“We will offer as much flexibility as possible to support individual workstyles, while balancing business needs and ensuring we live our culture.”
Google chalks out a plan to turn YouTube into the next shopping destination
For months now, Google executives have signaled that YouTube will be central to their e-commerce strategy. On a recent earnings call, Chief Executive Officer Sundar Pichai suggested YouTube’s sea of popular product “unboxing” videos could be turned into a shopping opportunity. The video site is full of other popular categories, such as makeup and cooking tutorials, where creators tout commercial products on air.
Amazon and Walmart Inc. have tinkered with shoppable videos for several years. Thus far, neither retailer has shown much progress. In China, though, this business model has taken off. On Douyin, the Chinese version of TikTok, influencers use live streamed videos to hawk wares from lipstick to smartphones in real-time to hundreds of millions of users.
Retreating monsoon rains worry paddy farmers in Maha
Gondia district agriculture superintendent Ganesh Ghorpade and his Bhandara counterpart Hindurao Chavan told PTI that farmers need not worry as of now, but if rains continue for some more time, then “things would get tougher”.
They have asked cultivators to delay the crop cutting work by five to six days and also keep a tab on rain prediction before harvesting the crop.
ICICI Prudential Life Insurance to raise up to Rs 1,200 crore via NCDs
“The Board of Directors has at their meeting held on October 7, 2020 approved raising capital by issuance of subordinated debt instruments in the nature of rated, listed, redeemable, unsecured, fully paid-up, non-cumulative, non-convertible debentures (NCDs) up to Rs 12 billion,” ICICI Prudential Life Insurance Company said in a regulatory filing.
World Bank praises efforts to arrest COVID-19 spread in Mumbai’s Dharavi
Dharavi, which is located in India’s commercial capital Mumbai, is spread over an area of 2.5 square kilometres and has a population of 650,000. People live in shanties and dilapidated buildings with narrow lanes and open sewers.
Observing that effective approaches have tapped the skills and dedication of community members, the World Bank said that in Mumbai, city officials were able to stem the rapid spread of the coronavirus in Dharavi, one of the city’s largest urban settlements, by mobilising community members and staff from private medical clinics for a strategy based on mass screening for fever and oxygen levels.
Maharashtra becomes first state to regulate prices of masks during COVID-19 pandemic
According to the recommendation of the committee, the N-95 mask will be available for around Rs 19 to Rs 50 depending on the type, while the double and triple layer masks will be available for just Rs 3 to 4. The process of deciding on the price fixed by the committee is in the final stage and after the approval of the government, it will be mandatory to sell the masks at the revised rate, said an official release.
Life insurers see recovery in new premium income, subdued growth in policy sales in H1 FY 20-21
The life insurance behemoth LIC is at the verge of recovery as its new premium income, at Rs88, 018 crore, has shown a de growth of just two per cent.
Among the listed players, HDFC Life reported robust growth of 43 per cent y-o-y , followed by Max Life (16 per cent y-o-y growth), while SBI Life posted 4 per cent y-o-y-o decline. On the other hand, ICICI Prudentail Life Insurance (IPRU Life), which declined 24 per cent y-o- y continued to witness pressure.
COVID-19 cases in India cross 68-lakh mark
Cash no longer king in Italy as COVID helps government push for plastic
U.S. lawmakers detail Big Tech’s market abuses and press for strict reform
Mercenary’ hacker group runs rampant in Middle East, cybersecurity research shows
The hackers pursued royals and business executives in Bahrain, Kuwait, and Qatar. In August 2019 they attempted to compromise an employee of major Indian energy conglomerate Reliance Industries around the time that the company was negotiating the sale of a stake in its oil-to-chemicals business to Saudi Aramco.
Hyundai Motor to recall Kona EV in South Korea over concern of fire risk
Some 13 incidents of fire involving the Kona EV, including one each in Canada and Austria, have been documented, the office of ruling party lawmaker Jang Kyung-tae said in a statement.
The safety recall “is a proactive response to a suspected defective production of high-voltage batteries used in the vehicles, which may have contributed to the reported fires”, Hyundai said, adding that it will deploy all necessary measures to identify the cause of the fire and address customers’ needs.
RIMS and Manipal Global Education Services team up to deliver risk management learning opportunities
The risk management courses will not only assist learners in gaining the valuable RIMS-CRMP certification, but also aid them in comprehending how to build a framework for overseeing risk in an organization. Post completion of the program, they will be able to create a resilient business model and design a risk strategy for businesses seamlessly. The program will also provide a platform to the learners for opportunities to build a strong network by interacting with risk management professionals globally.
IRDA panel favours setting up of Standalone Microinsurance Company with a capital of Rs 20 cr
The panel has suggested that microinsurance companies (cooperatives and mutuals as well) should be allowed to act as composite insurers to transact both life and non-life business through a single entity.
IRDAI may establish a Microinsurance Development Fund to support and promote the growth of the microinsurance business across the country.21 The fund could support human resource development, digital and financial literacy, IT infrastructure and product development.
By implementing changes to facilitate standalone microinsurance businesses with reduced capital requirement, over 500 million Indians will have the
opportunity of obtaining financial protection and security, enabling them to emerge from poverty and to move towards self-reliance. ,