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India adds 43,645 COVID-19 cases, 640 deaths
The number of active cases stood at 3,99,436, an increase of 1,336 in a span of 24 hours, and comprises 1.27 per cent of the total infections. The national COVID-19 recovery rate has improved to 97.39 per cent, the data updated at 8 am showed.
The total number of Covid vaccine doses administered so far as part of the nationwide vaccination drive has reached 44.61 crore.
Maha govt clears immediate aid for flood victims, Rs 50 lakh cover for municipal Covid warriors
Cabinet approves privatisation of a PSU general insurer
The amendments, approved by the cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time and transfer of management control to a private player who wants buy the compoany. ‘
India has four general insurance companies in the public sector – National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. One of these will be privatised for which the government is yet to finalise the name.
Changing VT code of Indian aircraft will have big financial implication on airlines: Govt
In a written reply to a question in the Lok Sabha from BJP MP Harish Dwivedi, Minister of State for Civil Aviation V K Singh said, ”If we change the VT call sign, then all documents have to be reissued, the aircraft will have to be repainted and cannot fly till all markings are changed.” ”Aircraft will remain grounded during the whole process. It will also have a big financial implication on the airlines,” he added.
PM Modi launches website dedicated to AI, says will open way for AI-driven economy
Intensity of severe cyclonic storms increasing in North Indian Ocean region: Study
The increasing intensity of severe cyclonic storms with major socioeconomic implications was due to atmospheric parameters like higher relative humidity, especially at mid-atmospheric level, weak vertical wind shear as well as warm sea surface temperature (SST).
This indicates the role of global warming in bringing about this increasing trend, the study suggests.
Howden acquires Italian independent broker
Space Activities Bill under consideration to promote private players in sector
The Indian National Space Promotion and Authorization Centre (IN-SPACe) was created as an independent nodal agency under the Department of Space with the mandate of promoting, handholding, licensing, authorization and monitoring of private space activities in India. Access to Department of Space (DOS) facilities and expertise is extended to private entities to support their space activities.
Record global InsurTech funding balloons to $4.8 billion in Q2, H1 2021 investment exceeds full-year flow in 2020:Willis Towers Watson
InsurTechs focused on distribution accounted for 55% of start-up deals, and for 10 of the 15 mega-rounds. Most of the distribution InsurTechs target reduced dependence on agent channels.
Of all Q2 deals, 73% were for P&C-related InsurTechs, while 43 companies raised funds for L&H technology. Funds were raised by companies from 35 countries, including new entrants Botswana, Mali, Romania, Saudi Arabia, and Turkey.
China urges insurers to increase offerings for natural disaster coverage
Covid R-value climbing steadily in country; Kerala, NE states top list
9,27,606 severely acute malnourished children identified, nearly 4 lakh in UP: WCD Ministry
” As on 30th November, 2020, 9,27,606 severely acute malnourished (SAM) children (6 months – 6 years) have been identified in the country, out of which 3,98,359 are from the State of Uttar Pradesh. Under the Integrated Child Development Services, supplementary nutrition is provided to children including severely malnourished children in the age group of 6 months-6 years,” Women and Child Development Minister Smriti Irani said,.
India records 43,645 fresh Covid-19 cases, 640 more deaths: Health ministry
Kerala CM says extreme poverty to be eradicated in 5 years; hails SC verdict
“A first step in this direction is the new project launched by Kerala to eradicate extreme poverty. A survey, that is being conducted as part of it, will be completed within four months,” the Chief Minister said.
After that micro-plans would be prepared under the aegis of local self government institutions and necessary steps would be taken to free families suffering from extreme poverty from their pathetic state, he said.
“Kerala”s aim is to eradicate extreme poverty in the next five years. Let”s all move forward together to achieve that goal in a better way,” Vijayan added.
Expand number of types of cybercrimes from 9 to 23, Russia proposes to UN
The draft convention, presented by Gorodov in Vienna, “introduces new elements of crimes committed using information and communication”.
“The draft reflects 23 corpus delicti, including unauthorized access to personal data, illegal distribution of counterfeit medicines and medical devices, terrorism, extremism, rehabilitation of Nazism, illegal trafficking of drugs, weapons, involvement of minors in illegal activities and much more — all the most relevant in the world of cybercrime,” Deputy Prosecutor General Petr Gorodov said.
AIR Worldwide enhances extreme event models for Japan, Releases updated earthquake and typhoon models
“In 2018 and 2019, four powerful typhoons struck Japan, incurring total insured losses of approximately USD 30 billion from wind and flood damage,” said Dr. Boyko Dodov, vice president of research, AIR Worldwide.
“As is the case after any major storm or severe storm season, we have been analyzing and reanalyzing a plethora of meteorological data, market exposure and company claims data sets from these and previous historical storms,” he said.
Global banks show tantalising signs of stability: S&P
S&P said its base case is that the global banking sector will continue to slowly stabilise as the economic rebound gains momentum and as support is gradually withdrawn. Should a re-intensification of risks occur, this will require more support from public authorities for the real economy.For 11 of the top 20 banking jurisdictions, S&P estimates that a return to pre-Covid-19 levels of financial strength will not occur until 2023 or beyond. For the other nine, it estimates that recovery may occur by year-end 2022.