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Here is a masonry blog layout with no sidebarEvery 250th person on Earth now infected with coronavirus
The current world population is 7.8 billion (as of September 2020), according to the most recent United Nations estimates elaborated by Worldometer.
The number of active cases continues to rise rapidly, increasing by about 5 lakh this week. Active cases now account for 23.3 per cent of the overall case count.
Thailand tackles unemployment with million jobs expo
Although Thailand, which has suffered just 3,522 coronavirus infections, has lifted most restrictions and daily life and work is mostly back to normal, a ban on foreign tourists remains in place, cutting a swathe through a whole sector of career opportunities.
About 1.24 million jobs will be offered – with most in the private sector, and a little over 100,000 in roles overseas. Of that total, the government will help companies pay half in hiring 260,000 new graduates for a year.
PSBs on-board 10 mn account holders on digital payment modes in a month
New York retains rank as Top Global Financial Hub, London Gains in Volatile Index
New York leads the FinTech rankings, followed by Beijing, Shanghai, London, and Shenzhen. Five of the top ten centres for FinTech are Chinese.
The instrumental factors used in the GFCI model have been grouped into five broad areas of competitiveness: Business Environment, Human Capital, Infrastructure, Financial SectorDevelopment, and Reputation.
Primary healthcare focus area of govt: Kant
Niti Aayog CEO Amitabh Kant said by increasing spending on healthcare, reducing out of pocket expenditure and ensuring availability of qualified doctors, India can provide a continuum of care.
Puducherry Lieutenant Governor Kiran Bedi, Kant further said the Pradhan Mantri Jan Arogya Yojana (PMJAY), which is a digital, portable and cashless health insurance scheme, is one of the most remarkable steps in this direction.
Swiss Re to further streamline the Group’s legal entity structure
As part of the changes, the Group intends to make Swiss Reinsurance Company Ltd (rated AA- by S&P / Aa3 by Moody’s / A+ by AM Best) the sole direct wholly-owned operating subsidiary of Swiss Re Ltd.
The target legal entity structure is expected to be implemented by the end of 2021, subject to receipt of the required regulatory approvals. As a result of these planned changes, Swiss Reinsurance Company Ltd intends to assume the debt of Swiss Re Corporate Solutions Ltd.
Allianz-led consortium in advanced talks to take on Aviva’s French arm – sources
Lloyd’s of London CEO expects appeal over UK business insurance judgment
When asked on a panel at a conference organised by insurance buyers’ association Airmic if he expected an appeal, Neal said “yes”, adding that due to the complexity of disputes over policy wordings, “cases run for a period of time”.
The FCA has said the case could affect more than 60 insurers, 700 different types of policies and 370,000 policyholders, as many policies have similar wordings.Businesses, their lawyers and insurance brokers have urged insurers to pay claims as soon as possible to relieve financial distress.
LIC, GIC Re & New India Assurance are Domestic Systemically Important Insurers, need enhanced supervision:IRDAI
“D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF) ABD we have asked these three institutions to raise the level of corporate governance and identify all relevant risk and promote a sound risk management culture.This perception and the perceived expectation of government support may amplify risk taking, reduce market discipline, create competitive distortions, and increase the possibility of distress in future,said IRDAI
S&P affirms India’s ‘BBB-‘ rating; says space for fiscal stimulus limited
“”The stable outlook reflects our expectation that India’s economy will recover following the resolution of the Covid-19 pandemic, and that the country’s strong external settings will act as a buffer against financial strains despite elevated government funding needs over the next 24 months. We expect economic activity in India to begin to normalize in fiscal 2022, resulting in real GDP growth of about 10%.” said S&P
The Indian government’s direct fiscal support has been limited to 1.2% of GDP so far compared to roughly 3% of GDP on average in other emerging market economies.
India plans $4.6 billion in incentives for battery makers in electric vehicle push – document
Though keen to reduce its oil dependence and cut down on pollution, India’s efforts to promote electric vehicles have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations. Just 3,400 electric cars were sold in the world’s second-most populous nation during the last business year, compared to sales of 1.7 million conventional passenger cars.
As foreigners depart, Singapore sees population drop for first time since 2003
“We must be careful not to give the wrong impression that we are now closing up and no longer welcoming foreigners,” Prime Minister Lee Hsien Loong said in a speech earlier this month, after an election in which opposition parties criticised the government’s immigration policies as too slack.
Singapore’s non-resident population has more than doubled over the last 20 years, powering population growth in a city-state with one of the world’s lowest birth rates.
Bihar CM shares state’s sustainable development efforts at UN climate roundtable
Despite having one of the highest population density in the world, we are promoting food forestry to ensure food security along with enhanced green cover. We have allocated additional USD 3.5 billion from the state budget for this cause. Work is being executed in mission mode, he said.
This would significantly contribute to the global efforts to achieve the 1.5 degrees Celsius target, he said.
Indian insurance industry strikes a chord with “Diversity and Inclusion”
Global COVID-19 death toll could hit 2 million before vaccine in wide use, WHO says
The number of deaths about nine months since the novel coronavirus was discovered in China is nearing 1 million.
“We are not out of the woods anywhere, we are not out of the woods in Africa,” said Ryan.
He said young people should not be blamed for a recent increase in infections despite growing concerns that they are driving its spread after restrictions and lockdowns were eased around the world.
The WHO is continuing talks with China about its possible involvement in the COVAX financing scheme designed to guarantee fast and equitable access globally to COVID-19 vaccines, a week after the deadline for committing passed.