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Here is a masonry blog layout with no sidebarIndian economy in deep trouble; growth may contract 5% this year:S&P
Covid-19 Pandemic:Leaders speak out about their concerns over older people
“Older adults are at a significantly increased risk of severe disease following infection from COVID-19. This is an important observation for the European Region: of the top 30 countries with the largest percentage of older people, all but one (Japan) are our Member States in Europe. The countries most affected by the pandemic are among them Supporting and protecting older people living alone in the community is everyone’s business … I am reminding governments and authorities that all communities must be supported to deliver interventions to ensure older people have what they need. All older people should be treated with respect and dignity during these times. Remember, we leave no one behind,.”Tedros Adhanom Ghebreyesus said.
Railways spending Rs2 lakh approx on each isolation coach; Rs 620 crore sanctioned by Centre
Monsoon covers all India earlier than usual, brightens crop prospects
10th Ebola outbreak in Congo declared over by WHO
As countries around the world face the COVID-19 pandemic, the DRC Ebola response provides valuable lessons. Many of the public health measures that have been successful in stopping Ebola are the same measures that are now essential for stopping COVID-19: finding, isolating, testing, and caring for every case and relentless contact tracing.
Tribunal cancels property gift deed as son fails to look after ailing mother
The senior citizen had earlier lodged a complaint with the Deputy Collector stating that her son was not offering her basic amenities after she gifted her property to him.
M Adharsh, Deputy Collector-cum-head, Karaikal District Social Welfare Tribunal, passed orders declaring the transfer of property to the son void and restoredit to the mother under sections 4(2) and 23(1) of the Maintenance and Welfare of the Parents and Senior Citizens Act, 2007.
IMF chief Georgieva says coronavirus crisis could ultimately test $1 trillion war chest
The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries. It now anticipates a global GDP contraction of 4.9% this year and a total output loss of $12 trillion through the end of 2021
International passenger flights remain suspended till July 15: Government
IRDA finalises short-term standard Covid-19 policies,asks insurers to launch them by July 10
To be mandatorily termed as “Corona Rakshak Policy’’ it has been made mandatory for all the general insurers and exclusive health insurers, while life insurers have been encouraged to launch such products(benefit based) .
The benefit based policies, to be launched by a life insurers, will have a minimum sum insured of Rs50,000 and a maximum limit of Rs.2,50,000 (in the multiples of fifty thousand).For the standard covid indemnity policies, to be launched by the domestic general insurers and exclusive health insurers, the maximum sum assured can be Rs 5 Lakh (in the multiples of fifty thousand)
Both COVID Standard benefit based health policy and indemnity based health policies should be offered with a policy term of three and half months (3 ½ months), six and half months (6 ½ months) and nine and half months (9 ½ months) i.e,105 days,195 days and 285 days respectively, clarified IRDA..
Apple,other U.S. goods from China held up at Indian ports: sources
WHO warns of oxygen shortage as COVID cases set to top 10 milli
Bayer to pay up to $10.9 billion to settle bulk of Roundup weedkiller cancer lawsuits
U.S. FAA finalizes Boeing 737 MAX inspection directive
The 737 MAX, Boeing’s best-selling plane, has been grounded since March 2019, after crashes in Indonesia and Ethiopia killed 346 people.
Boeing said it supports “the FAA’s airworthiness directive, which makes our recommended action mandatory” to address the possible impact of electrical energy on the plane.
10,000 passengers join EasyJet lawsuit over Data Breach
Victims are entitled to as much as 2,000 pounds ($2,500) in compensation, meaning the case could be worth as much as 18 billion pounds.EasyJet said last month that the email addresses and travel data of about 9 million customers were taken by hackers in one of the biggest privacy breaches to hit the airline industry
Global investors including insurers urge Brazil to stop deforestation
The 25 European signatories include Norway’s Nordea Asset Management and the Church of England, which has a 2.8 billion pound ($3.5 billion) pension fund. The UK’s Legal & General Investment Management (LGIM) is among the largest investors with 1.2 trillion pounds under management.
The letter does not spell out consequences if Brazil’s government does not take action, but seven European financial firms told Reuters last week they could divest from Brazil-linked holdings if environmental destruction continues. Many of those firms also signed the letter to embassies.
U.S.minor league baseball teams sue insurers for pandemic business losses
France to rein in reduced-time work scheme as covid crisis eases
From Oct.1,workers will get 60% of their normal gross wages under the scheme, down from 70% currently, President Emmanuel Macron told employers and unions. Meanwhile, the state will reimburse employers up to 60% of the cost, instead of 85% currently.
However, a company can only tap the existing furlough arrangements for up to six months, and on Wednesday the government also outlined a new longer-term programme that is more generous for the employee and company, but demands commitments to safeguarding jobs.
The programme will allow workers to receive up to 70% of gross wages, with the state reimbursing firms up to 85% if the programme is tapped before July and 80% afterwards.
Frustration, fear and family: lockdowns test investment bankers
Global M&A volumes are down 41% so far this year, a far cry from the champagne-popping records of recent years when bankers at Goldman Sachs, JPMorgan, Morgan Stanley, Citi and Bank of America – the top five dealmakers – were the toast of Wall Street.
Massive government support for companies, particularly in Europe, is keeping many firms afloat and delaying the kind of lucrative takeover deals that have put M&A advisors at the top of the investment banking world, bankers and lawyers said.