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Here is a masonry blog layout with no sidebarGlobal financial regulators attempt to align rules on climate risks
The Financial Stability Board (FSB), which coordinates financial rules for the G20 group of nations, said its “roadmap” seeks to coordinate approaches to disclosures by companies and plug gaps in the data needed to spot financial stability “vulnerabilities” and develop tools to address them.
The roadmap attempts to align rules still in the planning stage between now and 2023 to avoid more divergences between various measures for the same activity.
Swiss Re’s Nina Arquint receives `The 2021 Geneva Association Women in Insurance Award”
Jad Ariss, Managing Director of The Geneva Association, said: “I congratulate Nina Arquint on winning this award, which recognises her leadership role in reducing the underwriting of coal, the most polluting and carbon-intensive fuel, and her great dedication to tackling environmental risks. Ms Arquint and her team have made demonstrable contributions to reducing the financial viability of coal and contributing to accelerating its phase-out globally. This work is in alignment with The Geneva Association’s mission to promote the use of insurance to create a better, more resilient, and more sustainable world.”
Singaporeans spend 2.5 times more on their children’s needs than their retirement planning:AIA survey
60% of Singaporeans face an uncertain future by not prioritising their retirement planning
As a simple rule of thumb, monthly income is recommended to be spilt using 50/30/20 rule. Allocate the first 50% of one’s take-home income pay on necessities such as housing, food, and transport. The remaining half should be split up between 20% for long-term savings and investments and with 30% for “wants” like hobbies and travel. However, research shows that Singaporeans are 13% below the target for their retirement planning.
Gibraltar Japan partners with Munich Re to improve underwriting experience for customers
Seigo Nakano, CIO at Gibraltar Life added: “We have seen an enormous change in the Japanese life insurance market in the past 10 years with the majority of large life insurance firms introducing automated underwriting.
Hiroko Izumisawa, Corporate Vice President at Gibraltar also added: “Our partnership with Munich Re, Japan Branch, allowed us to develop a comprehensive underwriting rule-set which covers over 270 risk factors. It enables us to automatically assess 85% of applications while digitally capturing all application data. We’ve been utilizing the underwriting engine for a couple of months, and so far, customers are reacting favorably to the enhanced application process.”
India’s health minister quits as Modi readies cabinet reshuffle
India expects 3-4 mln Pfizer, Moderna vaccine doses through COVAX by August- sources
Experts have said India needs to administer 10 million doses a day to achieve its aim of immunising all adults by December. It administered about 4 million doses a day in the week to July 2. Apart from Moderna and Pfizer, India has also been courting Johnson & Johnson for vaccine supplies. J&J has already signed a manufacturing agreement with India’s Biological E. Ltd though production has yet to start.
Delhi’s NO2 pollution increased by 125 pc in one year: Study
Exposure to NO2 can severely impact people’s health at all ages, affecting the respiratory and circulatory systems and the brain, leading to an increase in hospital admissions and mortality.
NO2 pollution has increased in all the eight capitals studied – Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, Jaipur and Lucknow – but Delhi has seen the “most dramatic increase” during the period, the report said.
Solarwatt flexes muscles in home energy storage fight with Shell, Tesla
SC directs Centre to submit expert committee report on aircraft fumigation
The apex court, which was hearing pleas against the National Green Tribunal’s ban on spraying of disinfectants and pesticides in aircraft, had earlier said that it was not in favour of a blanket restriction and may allow it on some routes where mosquito problem was prevalent after the committee submits its report.
The ministry of health and family welfare had told the top court that spraying of disinfectants was not harmful and it was in accordance with guidelines of World Health Organisation.
HC issues notices to Centre, Maha over PIL claiming Truecaller breached data privacy norms
“The Truecaller app collects data of all users. It shares such data with some of its partners without the consent of users, and dumps the liability on the user,” the petitioner told the court.
“This is a manipulative set up because the user has no choice. The app also registers users for a Unified Payments Interface service without their consent, or without due process,” alleged Shashank Posture who had filed the PIL.
Covid: Variants of concern found in 174 districts, says health ministr
Piramal Realty unveils digitally enabled homes
DigiSelect Homes are equipped with advanced energy efficient features that can open and close curtains, customize lights and control room temperatures with app and voice-controlled home assistants. The main lock will have an app-controlled interface, making entering the home keyless, secure and hassle-free.
COVID infections imperil Indonesia’s vaccinated health workers, and hospitals
Health Minister Budi Gunadi Sadikin has defended the Sinovac vaccine. “The issue that we are facing is not about the different efficacy between vaccines, it is primarily because of the Delta variant.”
The Medical Association has urged the government to give health workers a third dose of the vaccine, and quickly.
Safety audits mandated at all stages of road development to reduce accidents, says Nitin Gadkari
Rural India sinks deeper into debt as Covid-19 pandemic wipes out work
The coronavirus and a lockdown aimed at stopping it last year saw millions of people thrown out of jobs in cities and towns and forced back to their villages, and ever higher levels of debt.
Interviews with 75 households in a cluster of eight villages in India’s most populous state showed household incomes have slumped nearly 75% on average. Almost two thirds of the households have taken on debt.
Rural unemployment rate, which used to hover around 6% before the pandemic, rose to 8.75% in June, according to the Mumbai-based Centre for Monitoring Indian Economy (CMIE).
India’s COVID death rate hit record in June after calls for better data
“The Delta variant is both the most contagious variant and among the most dangerous variants in terms of infection fatality rates,” said Christophe Z Guilmoto, a demographer at the French Institute of Research for Development in New Delhi, who has studied COVID-19 mortality in India. “It did play an increasing role at the end of India’s second wave, and this may explain why the daily count of deaths in India isn’t coming down as fast as we expected/hoped.”
Delhi govt launches financial assistance scheme for families of Covid victims
”Each family in which a death has occurred due to Covid will be provided an ex gratia of Rs 50,000.”
”We are launching a portal through which such people can apply for financial assistance. Our representatives will also visit such families and get applications filled up,” he added.
The chief minister said such representatives will not reject claims of families in case any document is missing and will only facilitate the process.
There is no income criterion to apply for financial assistance under the scheme.
New Zealand gov’t to establish consumer data right
“Any data shared through the consumer data right will only take place with a person’s informed consent and would be strictly used for the reasons agreed upon. For example, if a person was seeking financial advice, they could ask their bank to share data, such as transaction information, with their chosen adviser,” New Zealand, Commerce and Consumer Affairs Minister David Clark said.