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86,961 new COVID-19 cases in India, tally reaches 54,87,580

by | Sep 21, 2020 | , , , , ,

The COVID-19 case fatality rate due to coronavirus has further declined to 1.6 per cent. There are 10,03,299 active cases in the country as of now, which comprises 18.28 per cent of the total caseload, the data stated.

According to the Indian Council of Medical Research (ICMR), a cumulative total of 6,43,92,594 samples have been tested up to September 20, with 7,31,534 samples being tested on Monday.

Toyota Insurance Services to join Swiss Re ADAS risk platform

by | Sep 21, 2020 | , , , , ,

The ADAS risk score was launched by Swiss Re and BMW Group in 2019 with the aim of solving this issue and developing a vehicle-specific insurance rating that primary insurers worldwide can use to calculate insurance premiums, taking safety-relevant driver assistance systems into account.
On the journey towards autonomous vehicles, cars are increasingly equipped with advanced driving assistance systems (ADAS) that actively support the driver in avoiding accidents. Insurers face the challenge of knowing which ADAS features are installed in a vehicle, what their impact on safety is, and to what extent drivers use them.

Carbon emissions of richest 1% more than double the emissions of the poorest half of humanity:Oxfam

by | Sep 21, 2020 | , , , ,

The report assesses the consumption emissions of different income groups between 1990 and 2015 – 25 years when humanity doubled the amount of carbon dioxide in the atmosphere. It found:   

The richest 10 percent accounted for over half (52 percent) of the emissions added to the atmosphere between 1990 and 2015. The richest one percent were responsible for 15 percent of emissions during this time – more than all the citizens of the EU and more than twice that of the poorest half of humanity (7 percent).

JB Boda Re/insurance Brokers and RIMS join hands to promote risk management in India 

by | Sep 21, 2020 | , ,

Harnessing the insight and expertise from RIMS’ global risk management community and J.B. Boda’s vast network, the parties aim to produce powerful and thought-leading content that addresses current events, new risks, new challenges, as well as best practices and opportunities for organizations to maximize their risk management capabilities.

Over 3.8 lakh cos struck off under companies law in 3 years: Govt

by | Sep 21, 2020 | ,

“It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, money laundering, obscuring ownership, benami properties etc,” he noted.

The Special Task Force set up by the government to look into the issue of shell companies has recommended the use of certain red flag indicators as alerts for identification of shell companies.

U.S. nears grim milestone of 200,000 COVID-19 deaths

by | Sep 21, 2020 | , , , , ,

The University of Washington’s health institute is forecasting coronavirus fatalities reaching 378,000 by the end of 2020, with the daily death toll skyrocketing to 3,000 per day in December.

Over 70% of those in the United States who have lost their lives to the virus were over the age of 65, according to CDC data.

The southern states of Texas and Florida contributed the most deaths in the United States in the past two weeks and were closely followed by California.

California, Texas and Florida – the three most populous U.S. states – have recorded the most coronavirus infections and have long surpassed the state of New York, which was the epicenter of the outbreak in early 2020. The country as a whole is reporting over 40,000 new infections on average each day and saw cases last week rise on a weekly basis after falling for eight weeks in a row.

Cabinet note ready for vehicle scrapping policy: MoS VK Singh informs Rajya Sabha

by | Sep 20, 2020 | , ,

On July 26, 2019, the government had proposed amendments to motor vehicle rules to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.

In a draft notification, the government proposed renewal of fitness certificates for vehicles older than 15 years every six months instead of the current time-frame of one year.

DCGI approves commercial launch of low cost Covid-19 test ‘Feluda’

by | Sep 20, 2020 | , , , , ,

The Tata CRISPR test is the world’s first diagnostic test to deploy a specially adapted Cas9 protein to successfully detect the virus causing COVID-19, it said.Moreover, CRISPR is a futuristic technology that can also be configured for detection of multiple other pathogens in the future.
Commenting on the development, Girish Krishnamurthy, CEO, TATA Medical and Diagnostics Ltd said, “The approval for the Tata CRISPR test for COVID-19 will give a boost to the country’s efforts in fighting the global pandemic.

How to ship a vaccine at -80 C and other obstacles in the covid fight

by | Sep 20, 2020 | , , , ,

Companies may have to transport tiny glass vials thousands of miles while keeping them as cold as the South Pole in the depths of winter.

A recent study by DHL and McKinsey found that a cold vaccine would be accessible to about 2.5 billion people in 25 countries. Large parts of Africa, South America and Asia, where super-cold freezers are sparse, would be left out.

“The consequence is to reinforce the staggering bias in favor of the wealthy and powerful few countries,” said Morrison, of the Center for Strategic and International Studies.

PSBs report frauds worth over Rs 19,964 crore in the first quarter of FY21, says RBI

by | Sep 20, 2020 | , , ,

Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020.

Bank of India took the biggest hit in terms of valuation at Rs 5,124.87 crore in 47 cases, followed by Canara Bank Rs 3,885.26 crore in 33 cases, Bank of Baroda Rs 2,842.94 crore in 60 cases, Indian Bank Rs 1,469.79 crore in 45 cases, Indian Overseas Bank Rs 1,207.65 crore in 37 cases and Bank of Maharashtra Rs 1,140.37 crore in 9 cases

Overall COVID-19 deaths per million population in India low compared to other countries: Govt

by | Sep 20, 2020 | , , ,

Noting that there are no established pharmaceutical interventions that can break the chain of transmission, Choubey said non-pharmaceutical interventions such as hand and respiratory hygiene, wearing of mask/face cover, physical distancing measures, preventing large gatherings, etc are the only tools to suppress and break the chain of transmission.

This has to be in turn supported by heightened community awareness and behavioral change communication.