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TCS sets up 11 COVID-19 isolation centres for staff, their dependents

According to an email to employees, these centres will provide medical support to associates and their dependents (spouse, children and parents /parents-in-law) who are asymptomatic or mildly COVID-19 positive with no other co-morbidities or medical history/complications.

All the centres will have 24/7 medical cover, along with daily monitoring by trained professionals. The patients can even connect with a counsellor virtually during their treatment.

HSBC HK shares drop to lowest since 1995, StanChart falls after ‘FinCEN’ leak

HSBC shares in Hong Kong fell as much as 4.4 per cent to HK$29.60 on Monday morning, the lowest since May 1995, while StanChart dropped as much as 3.8 per cent to HK$35.80, the lowest since May 25 this year.
The revelations underscore challenges for regulatory and financial institutions trying to stop the flow of dirty money despite billions of dollars of investments and penalties imposed on banks in the past decade.

World’s top companies urge action on nature loss ahead of U.N. talks

“Healthy societies, resilient economies and thriving businesses rely on nature. Governments must adopt policies now to reverse nature loss in this decade,” the companies said in a statement.
Others to sign included IKEA, Unilever and AXA .

Business for Nature, the coalition which organised the statement, said it was the first time so many companies had issued a joint call emphasising the crucial role healthy ecosystems play in human well-being.

At least 10 dead in Mumbai building collapse, several feared trapped

Satya Pradhan, the chief of the National Disaster Response Force, said in a tweet that 20 to 25 people were reportedly trapped, and rescue teams had been dispatched.

Building collapses are commonplace in India, particularly during the seasonal monsoon rains, due to old and often illegal construction. There was no immediate reason provided for the latest incident in Bhiwandi.

COVID-19: India’s single-day recoveries exceed fresh cases as record 95,880 recuperate

The COVID-19 case fatality rate has further dropped at 1.61 per cent, the data showed.

There are 10,13,964 active cases of COVID-19 in the country, which constitute 19.10 per cent of the total caseload, the data stated.
Meanwhile,India’s parliament session that began this week is likely to be cut short after 30 lawmakers were found infected with the coronavirus, two senior parliament officials said, as the number of cases in the country rose to 5.3 million.

Insurers should pay quickly after UK pandemic ruling: Watchdog

“Our objective remains to ensure that slow payment does not exacerbate financial pressures on policyholders,” the letter from Interim Chief Executive Christopher Woolard said, adding that the FCA could use its regulatory powers if it thought insurers were acting too slowly.

The lawsuit has attracted a lot of attention because it is estimated to affect 370,000 businesses, 60 insurers and billions of pounds in insurance claims.

Businesses call on U.S. insurers to ditch fossil fuel underwriting

“The insurance industry is underwriting and investing in fossil fuels which we now know are the key drivers of climate change,” they said.”As insurance customers, we are therefore expressing our desire for insurance coverage in the U.S. market that isn’t tied to supporting fossil fuels and actively supports renewable energy.”

U.S. insurers reported almost $7 trillion in cash and invested assets, according to the National Association of Insurance Commissioners.

Covid-19 may lead to decline in life expectancy globally, study finds

At prevalence rates of only 2 per cent, the disease could cause a drop in life expectancy in countries where average life expectancy is high — roughly around 80 years.

At 10 per cent prevalence, the loss in life expectancy is likely to be above one year in high life-expectancy countries such as those in Europe and North America,

At 50 per cent, it would translate into three to nine years of life lost in high life-expectancy regions. In less developed regions, the impact is smaller given that there is already lower survival at older ages.

Phased unlocking since June 1 has revived economic activities: Govt

With the phased unlocking of the Indian economy since June 1, 2020, high frequency economic indicators like PMI Manufacturing, index of eight core industries, E-way bills, Kharif sowing, power consumption, railway freight, cargo traffic and passenger vehicle sales have recovered and indicate growing convergence with previous year’s activity levels,” Union Minister of State for Home Nityanand Rai said in the Rajya Sabha

Rajya Sabha passes bill to punish those attacking Healthcare workers

The healthcare service personnel include public and clinical healthcare service providers such as doctors, nurses, paramedical workers and community health workers; any other persons empowered under the act to take measures to prevent the outbreak of the disease or spread thereof; and any persons declared as such by the state government, by notification in the official gazette.

Poultry farms cause pollution, can’t be exempted from regulation: NGT

“Responsibilities of the states to the environment are by Public Trust Doctrine. The Water Act, the Air Act, and the Environment (Protection) Act have been enacted in the wake of international conventions and override all other legislations.They create an obligation on the regulatory authorities to enforce the environmental measures. There is no discretion to exempt the mandate of the Water Act for activities having the potential to cause water pollution,” the bench said.

Financial frauds rising due to dependence on digital payment platforms: NSA Ajit Doval

Doval said there was an increase of 500 percent in cyber crimes due to limited awareness and cyber hygiene.

“Financial frauds have seen exponential increase due to greater dependence on digital payment platforms. The adversaries are tempted to exploit the crisis situation through various misinformation, fake news, etc. The huge cyber data floating in the cyber space is a gold mine for extracting information that can undermine the privacy of our citizens,”National Security Adviser (NSA) Ajit Doval said.