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EU plans new safety rules for the workplace wherever it is

In guidelines to protect almost 170 million EU workers over the 2021-2027 period, it will also seek to produce recommendations on mental health at work before the end of 2022.

Work-related accidents and illnesses cost the EU economy over 3.3% of gross domestic product per year, the Commission said. It said estimates showed that for every euro invested in occupational health and safety, the return for the employer is around twice as much as employees take less sick leave.

“Overall, the insurance capacity in Asia is shrinking in the Power sector”

“Overall, the insurance capacity in Asia is shrinking in the Power sector. While the rate of hardening has now decreased for most lines of business from last year’s percentage rises, the pressure to keep pushing for year-on-year increases shows little sign of abating. It is important for Power companies to work closely with their risk advisors, using risk and analytics tools to help them manage their cost of risk through purchasing the right limits and retention levels for their insurance programmes.

Cryptocurrency-related cyberattacks grew by 192%: Report

“The digital format of cryptocurrencies make them decentralised in nature and without any regulations, they have become the currency of choice for cybercriminals,” Murali Urs, Country Manager, Barracuda Networks-India, said in a statement.

In 2019, ransom demands ranged from a few thousand dollars to $2 million at the top end. By mid-2021 most demands were in the millions, with a significant number over $20 million.

UK government set for leading role in insuring live entertainment

After months of closure or pared back performances with reduced audiences to allow social distancing, planning ahead to revive the sector is all but impossible without events cancellation insurance, theatre and music directors say. That makes government intervention crucial if the commercial sector will not pay.

SC directs NDMA to issue norms for financial help to kin of Covid victims

A special bench of Justices Ashok Bhushan and M R Shah said that the court cannot direct the Centre to fix a particular amount of financial help but the government can fix the minimum standard of amount to be paid as ex-gratia to family members of those who lost their lives due to COVID-19 while keeping various aspects in mind.

The top court asked the Centre to consider formulating an insurance scheme for cremation workers as proposed by the Finance Commission.
It also directs the authorities to issue appropriate guidelines for simplification of process of issuance of death certificates for Covid fatalities.

Emerging Asia: a $3.8 trillion-per-year pension savings gap

“The shortfall in saving for adequate and sustainable retirements cannot be bridged solely by government resources. Strong partnership between the state, the private sector and individuals will be key.Protecting people throughout their saving lifecycle has the potential to reduce poverty, ill-health and even social unrest, and should form a core building block of emerging markets’ longterm economic growth,” ,” said Jerome Jean Haegeli,Group Chief Economist, Swiss Re 

LIC’s mega IPO gains momentum, Govt notifies amendments in LIC Act

According to one of the 27 proposed amendments, the central government will hold at least 75 per cent in LIC for the first five years post the IPO, and subsequently hold at least 51 per cent at all times after five years of the listing.
But from today, the policy holders will get 90 per cent of surplus generated by the corporation while the rest as dividends will go to the government and other shareholders who will be investing in the LIC through its Initial Public Offering(IPO).

India asks EU member states to consider Covishield, Covaxin vaccines under Green Pass scheme

India has requested the EU member nations to accept the vaccination certificate issued through the CoWIN portal.

The European Union”s Digital COVID certificate or “Green Pass” will be rolled out on Thursday with an aim to facilitate free movement during the COVID-19 pandemic is to come into effect on Thursday.

Highly transmissible Covid Delta variant detected in 96 countries, says WHO

Furthermore, a recent study conducted in Scotland and published in the international medical journal Lancet found that the hospitalization rate for patients infected with the Delta variant of COVID-19 was 85 per cent higher than for those infected with the Alpha variant.

“This particular Delta variant is faster, it is fitter, it will pick off the more vulnerable more efficiently than previous variants,” Michael Ryan, executive director of the WHO’s Health Emergencies Program, has commented recently.

17 pc dip in average fresh COVID-19 cases since 2nd Corona wave peak in May, says Union Health Ministry

The Union Health Ministry further added that a total of 51 Delta plus variant cases reported in India. In regard to the Moderna COVID-19 vaccine, Dr VK Paul, Member-Health of Niti Aayog said, “New drug permission has been granted to Moderna, the first internationally developed vaccine. This new drug permission is for restricted use.”