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COVID-19 highlighted supply chains should not be based only on cost but also trust: Piyush Goyal

“The effort is to make India produce high-quality products at competitive prices meeting global standards truly in areas where we have the strength or the competitiveness becoming a larger player in global markets,” he said. “It may not happen in all businesses but we certainly believe that there is a lot of potential in several sectors,” he added.

Cardiovascular diseases cause more deaths in India: Survey

On the findings of the health and wellness survey, Sanjay Datta, Chief – Underwriting, Reinsurance & Claims, at ICICI Lombard said, “Lack of awareness of the ailment coupled with the severity of the impact of the pandemic on our overall health, makes it even more critical to adopt a healthy lifestyle. A heart-healthy lifestyle is more likely to supplement one’s immune system. Along with having an active lifestyle, it is also imperative to look after our mental health as stress anxiety tighten their grip around our fast-paced lives.” 

Researchers find double benefit of climate protection through both limiting, delaying global warming

In the study, the scientists analysed the joint impacts of demographic development and climate change on people exposed to tropical cyclones — and found that timing of when certain warming levels are reached becomes crucial. The results are even more obvious on the country level, explained Johannes Gutschow.

“Our model shows, with unprecedented detail, that in 2050 all countries at high risk of tropical cyclones are projected to see a rise in exposure. Due to the projected population growth, we found exposure changes of nearly 300 per cent in some East African countries, up to 100 per cent in the US and also a strong increase for the Arabian Peninsula.”

Pandemic pushes Chinese tech giants to roll out more courier robots

Researchers at the University of Michigan said fully and partially automated vehicles could cut delivery costs by 10−40% in cities. Alibaba’s last-mile logistics vehicle has delivered over a million orders as of September to more than 200,000 consumers, the company said. It operates over 200 robots and plans to have 1,000 by March and 10,000 over the next three years.

World Bank says Delta variant slowing economic growth in East Asia and Pacific

Economic activity began to slow in the second quarter of 2021, and growth forecasts have been downgraded for most countries in the region, according to the World Bank’s East Asia and Pacific Fall 2021 Economic Update.

While China’s economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said.

China encourages mainland insurers to sell catastrophe bonds in Hong Kong

Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose entities in Hong Kong to raise funds from bond sales, according to a statement of the China Banking and Insurance Regulatory Commission (CBIRC).

The arrangement can help diversify insurers’ losses from natural disasters such as earthquakes, floods and typhoons, it said.

Need to step up efforts to tackle climate change impact on agriculture, entire ecosystem: PM

Modi said, “Not only agriculture, climate change is a big challenge to the entire ecosystem. …Due to climate change, new types of pests, new diseases, epidemics are coming. Due to this, there is a big threat to the health of humans and livestock and crops are also being affected.?

Climate change impact is on fish production and animal health and output. As a result, farmers and fishermen have to bear the losses, he said

National Consumer Court asks NIA to pay Rs 1 lakh health claim linked to alcohol consumption

 Clearly, nothing is mentioned in the policy relating to exclusion that treatment expenditure of any disease caused by use of alcohol or arising out of the use of alcohol will  not be admissible, said the National Consumer Court..
New India Assurance had rejected the claims saying that disease of of the patient (claimant) was due to the alcohol consumption that IS not covered in the company’s policy.

Data privacy should not be compromised in using fintech: FM

”Data privacy is one of the things which is very important and it is an issue on which there can be a lot of contentious views. However, basic respect for privacy…as the guiding principle is well appreciated.Safeguard of client data, is something which I think is the backbone to bringing trust. Unless my data is safeguarded well I wouldn’t want to get into a scheme of things. So that is the guiding principle,” Sitharaman said at the ‘Global FinTech Fest 2021’.