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India top source of social media misinformation on COVID-19: Study

The study, “Prevalence and Source Analysis of COVID-19 Misinformation in 138 Countries”, was published in Sage’s International Federation of Library Associations and Institutions journal.
“Social media (84.94 per cent) produces the largest amount of misinformation, and the internet (90.5 per cent) as a whole is responsible for most of the COVID-19 misinformation. Moreover, Facebook alone produces 66.87 per cent of the misinformation among all social media platforms,” it stated.

Earlier, the World Health Organisation had also warned that false information on COVID-19 is spreading and putting people in danger.

Yellen, Harris to push childcare investments as boost for overall economy

Congress is considering a $3.5 trillion package of measures that would include free preschool for all 3- and 4-year olds; boost pay for childcare workers, 95% of whom are women; cut the costs of such care in half for most families; and make permanent a child and dependent care tax credit.
“A well-funded child care sector will help parents remain in the labor force, work the number of hours and schedule that are best for their career and family, earn a living and join in our shared economic prosperity,” it said.

Experts say sepsis will be more fatal than cancer and heart attack

The study also revealed that India has a higher death rate from sepsis, a life-threatening organ dysfunction response to infections, than other South Asian countries except Afghanistan.

“Sepsis will kill more people than cancer or heart attack by 2050 — it is going to be the biggest killer. Also in developing countries like India, multi-drug resistance due to gross overuse of antibiotics is probably causing a higher mortality,” said Yatin Mehta, Chairman, Institute of Critical Care and Anaesthesiology, Medanta — The Medicity, Gurugram.

South Korean politician tops presidential polls with talk of universal basic income

As governor of Gyeonggi province,Lee Jae-myung, advocated for universal basic income and instituted cash payments to all 24-year-old people for a year. When the COVID-19 pandemic hit, all province residents also received regular payments
“Keeping people from disasters and infectious diseases by providing public medical service is one of the government’s most fundamental duties, and my political career began from there,” Lee told Reuters in December.

Australian media outlets liable for Facebook comments, court finds

“The acts of the (media companies) in facilitating, encouraging and thereby assisting the posting of comments by the third-party Facebook users rendered them publishers of those comments,” Justice Rothman found.

At the time the comments were published, Facebook did not allow page moderators to turn off comments on posts, however it has changed that.

IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts

While it is understandable that insurers have to share policyholder information with authorities/agencies specified by law or due to operation of law, experts question the need to share the same with IIB.

“Insurers can share the generic data relating to premium, claims — genuine and fraud — and other commercial aspects with IIB so that it can prepare its analytical reports for the industry to use. But why should policyholder information be shared with IIB,” wonders an industry official preferring anonymity.

Madras HC withdraws its order on `mandatory bumper-to-bumper cover’ for new vehicles

“it would appear that the order, mandating the coverage of bumper to bumper policy may not be logistically and economically feasible for effective implementation in the present legal dispensation.Considering the overall submissions made by the parties and and taking into account the concern of the IRDAI, this court feels that the direction issued earlier on making bumper to bumper cover for new vehicles may not be conducive and suitable for implementation in the current situation. Therefore the said direction in is hereby withdrawn for the present,” said Justice S Vaidyanathan, who had issue earlier verdict.

9/11: Specter of terrorism risk still hangs over re/insurance industry

The attacks also generated the insurance industry’s biggest-ever man-made loss — $47 billion in 2019 dollars, according to the Insurance Information Institute — and triggered changes that are still visible in the industry.

The attack affected multiple lines of business at once, creating “a shock to the system,” according to David Priebe, chairman of Marsh & McLennan Cos. Inc.-owned reinsurance broker Guy Carpenter.
Before the attacks, business line exposures were managed separately, Priebe said. The lessons that Sept. 11, 2001, taught the industry about risk correlation and aggregation across lines has made the industry “a far more disciplined and resilient business,” he said in an interview.

India Post Payments Bank partners with Tata AIG Gen & Bajaj Allianz Gen for distributing insurance products

As part of the alliances with both the partners, IPPB will strive to make available affordable insurance products through its robust network of 650 branches and over 136,000 banking access points to citizens at large.
Nearly 200,000 postal service providers (Gramin Dak Sevaks and postmen) who are equipped with micro-ATMs and biometric devices will play an important role in distribution and promotion of these insurance products, focussing especially on unbanked and underserved customers at the last mile.

Discussion on pricing of Zydus Cadila’s COVID-19 vaccine going on, decision soon: Dr VK Paul

According to sources, ZyCoV-D, a needle-free coronavirus vaccine, is likely to be available by early October. It is the world’s first plasmid DNA vaccine for Covid-19.

It’s a three-dose vaccine that will be administered on day zero, day 28, and day 56. The vaccine has been approved to be administered to adolescents between ages 12 and 18.