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Here is a masonry blog layout with no sidebarIndia and South Africa ask WTO to waive rules to aid COVID-19 drug production
In their letter dated Oct. 2 the two countries called on the global trade body to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which governs patents, trademarks, copyright and other intellectual property rules globally.“As new diagnostics, therapeutics and vaccines for COVID-19 are developed, there are significant concerns (over) how these will be made available promptly, in sufficient quantities and at (an) affordable price to meet global demand,” the letter posted on the Geneva-based WTO’s website says.
16 to be interviewed on Oct 9 for selecting 2 IRDA members
Among other candidates who have been short- listed for the member, distribution are Girija Kumar, former CMD, Oriental Insurnace Company, Suresh Mathur, executive director, IRDAI, Randeep Singh, chief general manage,IRDAI Girish Radhakrishnan, CMD, United India Insurance, DTV Sastri,former general manger,UII
FPIs turn net sellers after 3 months in Sep; pull out Rs 3,419 cr
FPIs had been net buyers in Indian markets in the three straight months to August. They had invested Rs 46,532 crore in August, Rs 3,301 crore in July and Rs 24,053 crore in June on net basis.
“FPIs have turned cautious ahead of the US Presidential election. Also, renewed fears of re-emergence and surge in coronavirus cases across countries have raised concerns about the possibility of fresh lockdowns being imposed in infected regions,” said Himanshu Srivastava, associate director – manager research, Morningstar India.
Global stocks rise as signs of Trump’s improving health calm markets
Doctors treating Trump say they are pleased with his progress. Relief about his health could fuel a rally in equities and other risky assets as investors prepare for the run-up to next month’s U.S. presidential election.
Investors around the world were stunned late Thursday after Trump announced that he and the first lady had tested positive for coronavirus.
London transport regulator strips Ola’s operating licence over public safety failings
Transport for London (TfL) said in a statement that it refused to grant Ola, a Softbank-backed operator, a new London private hire vehicle (PHV) operator’s licence as it “cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety.”
TfL’s decision came days after Uber won a legal bid to restore its London operating licence, which was taken away over safety concerns, after a judge ruled that the company was a fit and proper operator despite “historical failings”.
India’s coronavirus infections rise to 6.63 million
Coal baron seeks US benefits to treat his black lung disease:Report
Murray, an ally of President Donald Trump, filed a claim with the Department of Labor seeking to access federal benefits to treat his disease, which is caused by prolonged exposure to coal dust, Ohio Valley ReSource, a National Public Radio affiliate, reported on Thursday.
The Black Lung Disability Trust Fund is funded through a $1.10 per ton excise-tax on production of underground coal but runs a massive debt and is at risk of insolvency, according to the U.S. General Accountability Office.
Headwinds for Google as rivals, customers criticise Fitbit concessions
Alphabet’s Google last week offered to restrict the use of Fitbit data for Google ads and to monitor the process closely.
It also offered to make it easier for rival makers of wearables to connect to the Android platform by offering them access to Android software (API), and said third parties would continue to have access to Fitbit users’ data with their consent.
Tesla CEO Musk suggests India entry in 2021
Oxford University Covid-19 vaccine could be rolled out within 6 months: Report
Under a protocol developed by the UK’s Joint Committee on Vaccination and Immunisation, any approved vaccine will then be given to all over 65s, followed by younger adults at higher risk, which could include those from ethnic minorities as well as those with serious health issues based on their higher risk from the deadly virus. People over 50 will be next in line, with younger adults at the back of the queue.
Changi airport, world’s best, warns of ‘daunting’ future in raging pandemic
According to the International Air Transport Association, 25 million jobs are at risk in airlines and associated businesses such as travel and tourism. A third of the world’s 26,000 passenger jets remain grounded, parked in deserts or lined up in rows along the tarmac, aviation data provider Cirium says.
Meity to seek Cabinet approval for policy on AI-based programmes
“We look at artificial intelligence not from the viewpoint of driverless cars but from solving problems of people and how we can socially empower them through AI. We will make AI a moment in India,” Niti Aayog CEO Amitabh Kant said.
National Strategy for Artificial Intelligence (NSAI) highlighted the potential of Artificial Intelligence (AI) in boosting India”s annual growth rate by 1.3 percentage points by 2035 and identified priority sectors for the deployment of AI with government”s support.
Farm budget increased 11-folds to Rs 1.34 lakh cr from FY10 : Santosh Gangwar
Centre in SC agrees to waive compound interest on loans up to Rs 2 cr for six-months
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
The government, therefore, has decided that the relief on waiver of compound interest during the six-month moratorium period shall be limited to the most vulnerable category of borrowers. This category of borrowers, in whose case, the compounding of interest will be waived, would be MSME loans and personal loans of up to Rs 2 crore, it said.
Pandemics overtakes climate change as biggest worry for insurers
COVID-19 is proving to be a major challenge for insurers, especially those that provide cover for canceled events such as sports matches and concerts. Disputes over coverage have led some policyholders to take legal action, with AXA recently losing a lawsuit against five restaurant operators. The insurer said it will appeal the ruling.
U.S. Treasury warns cyber insurers payments to hackers may violate sanctions
The average ransomware payment jumped by 60% to $178,254 between the first and second quarters, according to Coveware a firm that helps negotiate and facilitate cyber ransom payments.
Sophisticated insurers and financial institutions are already aware of the sanctions concern, said Sumon Dantiki, a King & Spalding LLC lawyer who advises on national security and cyber matters.
France needs new pandemic business insurance law – minister
France urges parts review after Airbus A380 engine blowout
France’s BEA agency made the recommendation in a final report into the accident in which an Air France jet carrying more than 500 passengers lost the front section of one of its four engines while flying over Greenland, before landing safely in Canada.
The move follows a perilous investigation involving a 21-month international aerial and ground search across the ice sheet to find a crucial titanium alloy fragment, buried 3 metres below the surface and just a metre away from a hidden crevasse.