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Cabinet makes Pradhan Mantri Fasal Bima Yojana voluntary for farmers

-These changes are proposed to be implemented from Kharif’ 2020 Season throughout the country.
-The cabinet has also decided that allocation of crop insurnace business to insurance companies to be done for three years. The Cabinet now has allowed subsidy to concerned insurers beyond a prescribed time limit.Also cut-off dates for invoking this provision for Kharif and Rabi seasons will be 31st March and 30th September of successive years respectively (Both PMFBY/RWBCIS).
 

Coronavirus outbreak to have limited impact on India, says RBI Governor

“Most of the large pharma companies, according to information that we have, always keep stock for three-four months. So, therefore, they should be able to manage and also those provinces from where these pharma intermediates are sourced have not been impacted by the virus outbreak. Therefore, there is an expectation that the supply of pharma raw materials will be maintained,”RBI Governor Shaktikanta Das said.

Global warming creating ‘Irreversible’ ice melt in Antarctica: Scientist

-The hottest temperature ever recorded in Antarctica of 18.3 degrees Celsius (64.94 degrees Fahrenheit) was taken at a research base there on Feb. 6. If hotter temperatures were to sustain they could cause an extreme global sea level rise.

“This will gradually displace people as it goes,” Thomas said. “We know this is already happening in small island communities and this will just continue to happen gradually as more and more houses are being inundated at high tide, then at normal tide and then even at low tide.”

Coronavirus: Fear of global outbreak mounts as passengers start leaving the quarantined cruise ship

The US Centers for Disease Control and Prevention said the risks were ongoing and Japan’s measures “may not have been sufficient to prevent transmission among individuals on the ship.” It put in place travel restrictions on the passengers and crew on the vessel, adding “there may be additional confirmed cases of Covid-19 among the remaining passengers on board the Diamond Princess.”

12 Chinese insurers co-launch coverage for businesses hit by Coronavirus

The six-month insurance, co-launched by 12 leading insurers including PICC, China Pacific Insurance Co., and Ping An Insurance Group, provides cover for production losses, wages paid to employees in quarantine and fees incurred due to the suspension of operations as a result of the epidemic, according to the notice.

Tech Mahindra and Virsec collaborate to deliver advanced Cybersecurity Solutions to customers globally

The Virsec Security Platform stops fileless and in-memory advanced application threats that escape detection by conventional security tools. It also protects applications from the inside, against known and unknown zero-day threats. Virsec patented technology maps acceptable application execution, and instantly detects code execution deviations triggered by cyberattacks. This deterministic process detects and blocks application attacks within milliseconds, with precise forensics at every step.

Paracetamol prices jump 40% in India as coronavirus epidemic shuts down China

Prices of paracetamol, the most commonly used analgesic, have jumped by 40% in India, while the cost of azithromycin, an antibiotic used for treating a variety of bacterial infections, has risen by 70%, said Pankaj R. Patel, chairman of Zydus Cadila. The pharma industry could face shortages in finished drug formulations starting April if supplies aren’t restored by the first week of next month,

Climate change could make premiums unaffordable: QBE Insurance

-The insurer said it has started to adjust its catastrophe models to factor in the expected impacts of climate change until 2100, and would assess the impact on its weather-related exposures from emissions and temperatures.
-In the short-term, QBE would manage higher claims by considering event frequency and severity in its capital planning and will deploy a comprehensive catastrophe reinsurance program, it said.

COVID-19 coronavirus:Chinese tourist in France, first such death in Europe

-European Commissioner for Health and Food Safety Stella Kyriakides warned ministers at the event in Brussels that “viruses know no borders”,
-She said coordination within the EU was vital in fighting the virus, including sharing information and cooperation between countries.“We are determined to ensure an effective, coherent EU-level response,” she said, adding: “We need to be united in our response – coherent and coordinated with each other.”

COVID-19 coronavirus:Locking people up to stop virus spread could prompt legal fights

The measures stop well short of the response to the outbreak in China, where the authorities have locked down cities and regions with tens of millions of residents. Still, the moves are unprecedented in recent years for western democracies as governments try to balance the need to protect public health against a desire to uphold individual rights.