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Here is a masonry blog layout with no sidebarIndia needs $8 trn new greenfield assets to be $5 trn economy by FY27: Report
The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy.
In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year, it said.
Madras HC quashes order increasing speed limit to 120 kmph on highways
The present bench observed that though there was a better engine technology and improved road infrastructure, there was no improvement in compliance of the road safety rules by the motorists.
From the report released by the Ministry of Road Transport and Highways, the number of deaths taking place on roads would prove that more accidents were occurring due to over speeding.
When over speeding was a major cause for road accidents, it is not known as to how the improvement in road infrastructure and engine technology would reduce accidents. In fact, better engine technology would always be a reason for uncontrolled speed and thereby, cause more accidents, the bench said.
Large claims push up Cyber premiums by 39% for all European industries: Marsh
Malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019,according to a report published by Marsh, the world’s largest insurance broker and risk advisor, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm,
Ransomware attacks accounted for 32% of cyber claims in 2020 – more than double that recorded for 2016-2020 (14%). Overall, cyber insurance claims across Continental Europe rose by 8% in 2020.
No of people who got at least one jab in India highest in world: Health Ministry
Indian study finds big drop in COVID antibodies within four months of vaccination
Waning antibodies do not necessarily mean that immunised people lose their ability to counter the disease, as the body’s memory cells may still kick in to offer substantial protection, said the director of a state-run institute that did the study.
“After six months, we should be able to tell you more clearly whether and when a booster would be needed,” Sanghamitra Pati of the Regional Medical Research Centre, based in the eastern city of Bhubaneswar, told Reuters on Tuesday.
Novavax expects to make available at least 2 bln COVID-19 vaccine doses in 2022
“We’re already engaging in conversations about incremental procurement for the second half of 2022, as well as early 2023, especially given current vaccination rates around the globe,” said John Trizzino, chief commercial officer at Novavax, adding that the booster strategy would create additional demand for its vaccines.
Immunized but banned: EU says not all Covid vaccines equal
Although AstraZeneca vaccine produced in Europe has been authorized by the continent’s drug regulatory agency, the same shot manufactured in India hasn’t been given the green light. EU regulators said AstraZeneca hasn’t completed the necessary paperwork on the Indian factory, including details on its production practices and quality control standards.
India reports 27,254 new COVID-19 cases
BBB invites bids for conducting background verification of candidates
The firm will prepare a candidate verification report for every aspirant to provide the necessary inputs to the BBB members before the interactions of the individual personages with the bureau, according to a public notice issued to invite bids.
”A bidder will be selected under the Quality cum Cost Based System method (QCBS) with weightages of 80:20 (80 per cent for technical proposal and 20 per cent for financial proposal) and as per procedures described in this RFP,” it said.
COVID-19: further lockdowns unlikely but some winter restrictions are possible
The drop and levelling off may be due, in part, to the school summer holidays, as previously noted. The risk now is that infection rates could rise again from their already high levels due to a gradual increase in social contact, including through schools returning and possibly from more parents and other adults returning to workplaces.
Ex-NDMA VC M Shashidhar Reddy suggests Scindia ‘flood audit’ of airports
“However, I strongly feel that there is an urgent need for a flood audit of all the airports in India to identify flood-prone areas in and around airports and take up immediate preventive measures thereafter on top priority,” said Reddy, a senior Congress leader based in Hyderabad.
Operations at other major airports like Mumbai, Chennai, Vizag, Kolkata, Leh and others have also been disrupted in the past due to high-intensity rainfall in a short duration, he said.
SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation
In August, India’s air safety regulator, the Directorate General of Civil Aviation, said it cleared 737 MAX aircraft to fly with immediate effect, after nearly two-and-a-half years of regulatory grounding.
SpiceJet said in August it expected the grounded 737 MAX jets in its fleet to return to service at the end of September after a settlement with lessor Avolon on leases of the aircraft.
Hannover Re expects higher prices in P&C 2022 reinsurance renewals
The Asia-Pacific region is evolving into one of the largest global insurance markets. This growth holds the promise of further significant business opportunities, in part because the insurance density here is still lower than in more mature markets. Not only in property and casualty reinsurance but also in the health and provision sector, appreciable growth rates can be anticipated over the medium to long term, which will also benefit reinsurers.
Surges and vaccines: Here’s what next six months of pandemic will bring
With billions of people around the world yet to be vaccinated and little chance now of eliminating the virus, we can expect more outbreaks in classrooms, on public transport and in workplaces over the coming months, as economies push ahead with reopening. Even as immunization rates rise, there will always be people who are vulnerable to the virus: Newborn babies, people who can’t or won’t get inoculated, and those who get vaccinated but suffer breakthrough infections as their protection levels ebb.
Nations like Denmark and Singapore, which have managed to keep cases relatively contained, are already moving toward a post-pandemic future with fewer safety restrictions. Others, such as the U.S. and U.K., are opening up even as infection numbers near records. Meanwhile, China, Hong Kong and New Zealand have vowed to keep vigilantly working to eliminate the virus locally. As a result, they are likely to be among the last places to leave behind the disruption wrought by walling out the pandemic.
Ida losses to range from $17 to $ 25 billion:AIR
Included in the estimates are losses to onshore residential, commercial, industrial properties, and automobiles for their building, contents, and time element coverage, as well as estimated insurance take-up rates for wind and flood across the entirety of Ida’s track, including the flooding that occurred in the Northeast.
AIR’s losses do not include any estimate of losses from the National Flood Insurance Program, or any losses from offshore assets. The industry loss estimates also reflect an adjustment to account for increased material and other repair costs in the current construction market.
India Inc spent over Rs 1,600 crore on mitigating second Covid-19 wave: study
The support of the CSR initiatives of corporates included over 200 oxygen plants, setting up more than 75 makeshift hospitals and Covid wards with over 10,000 beds, 3,500 ventilators and 140,000 oxygen concentrators. Importantly, 33 companies contributed more than Rs 150 crore to conduct community awareness activities across 17 states, the report said.
Aviation Ministry grants ICMR conditional permission to use drones for vaccine delivery
RBI cautions against frauds in the name of KYC updation
The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, like calls, SMSs and emails by customer urging him/her to share certain personal details, account/login details/card information, PIN and OTP or install some unauthorised/unverified application for KYC updation using a link provided in the communication.