Welcome to My Blog

Here is a masonry blog layout with no sidebar

IMA slaps Rs 1000 crore defamation notice on Yoga guru Ramdev

The six-page notice served on behalf of IMA (Uttarakhand) secretary Ajay Khanna by his lawyer Neeraj Pandey describes the remarks by Ramdev as damaging to the reputation and the image of allopathy and around 2,000 practitioners of it who are part of the association.

Terming the remarks of the yoga guru a “criminal act” under section of 499 of the Indian Penal Code, the notice demanded a written apology from him within 15 days of its receipt, saying a compensation of Rs 1,000 crore will be demanded from him at the rate of Rs 50 lakh per member of the IMA if he failed to do so.

Lack of clean water far deadlier than violence in war-torn countries, says UNICEF report

“When the flow of water stops, diseases like cholera and diarrhoea can spread like wildfire, often with fatal consequences”, added Mr Fontaine. “Hospitals cannot function, and rates of malnutrition and wasting increase. Children and families are often forced out in search of water, exposing them, particularly girls, to an increased risk of harm and violence.”

Dutch court orders Shell to deepen carbon cuts in landmark ruling

At a court room in The Hague, judge Larisa Alwin read out a ruling which ordered Shell to reduce its planet warming carbon emissions by 45% by 2030 from 2019 levels.
Shell immediately said it would appeal the court ruling, which comes amid rising pressure from investors, activists and governments on energy companies to shift away from fossil fuels and rapidly ramp up investments in renewable energy.

Govt says new digital rules don’t violate privacy; seeks compliance report from social media cos

The new rules, announced on February 25, require large social media platforms to follow additional due diligence, including the appointment of chief compliance officer, nodal contact person and resident grievance officer. Non-compliance with rules would result in these social media companies losing their intermediary status that provides them exemptions and certain immunity from liabilities for any third-party information and data hosted by them. In other words, they could be liable for criminal action in case of complaints.

Facebook reverses policy, allows posts claiming that COVID-19 was made in a lab

In December, Facebook announced it would be nixing posts that contained false information about the coronavirus vaccines, it reported further. Posts containing false claims about “safety, efficacy, ingredients or side effects” were added to the list of already banned content, which included more general coronavirus misinformation.

Cyber crime is growing risk to bank ratings: S&P

Cyber attacks can harm credit ratings mainly through reputational damage and potential monetary losses, it said in a report titled ‘Cyber Risk In A New Era: The Effect On Bank Ratings.’

“Cyber attacks have had only a limited effect on bank ratings to date but can trigger more rating actions in the future as cyber incidents become more frequent and complex,” said Credit Analyst Irina Velieva.

Cyclone Yaas likely to make landfall near Odisha’s Dhamra port tom morning: Report

IMD Director General Dr Mrutyunjay Mohapatra said that Cyclone Yaas is likely to intensify into a “Very Severe Cyclonic Storm (VSCS)” by Tuesday evening and Chandbali is likely to witness the maximum damage caused by it.

“Rain has already started and will continue. Wind speeds in Kendrapara and Jagatsinghpur districts will reach around 80 kmph by midnight,” he said.

He said the impact will be severe for six hours before and after the landfall.

Fire at HPCL refinery at Visakhapatnam, no casualties

“Safety measures and firefighting was activated immediately,” Hindustan Petroleum Corporation Ltd (HPCL) said. “The fire has been extinguished. There is no casualty and no risk to the public.”

The fire may lead to shutting down of the crude distillation unit (CDU) for a few days.

“Fire at HPCL refinery at Visakhapatnam has been doused. There is no report of any casualty,” the Ministry of Petroleum and Natural Gas also tweeted.

Africa Specialty Risks Group becomes reinsurer in Mauritius

ASR is focused on becoming the partner of choice to corporations through the provision of comprehensive and bespoke risk mitigating insurance solutions, and offers capacity across Property, Construction, Political Risk, Trade Credit, Energy, Liability and PVT (War, Political Violence and Terrorism), with further lines of business being developed.

Australian general insurers welcome `Bushfire Funding’, say Tax Rise ‘Unsustainable

The federal government’s allocation of A$1.2 billion (US$931 million) over five years to improve Australia’s capability to prepare for, respond to, and recover from natural disasters and now the Victorian government’s A$517 million investment in bushfire specific resilience initiatives will protect communities vulnerable to the impact of extreme weather and natural disasters,the ICA said in a statement.

“This welcome news is tempered, however, by the Victorian budget’s projections that revenue from insurance stamp duty will increase by almost one-third over the budget estimates, rising 29% from A$1.517 billion in 2020-21 to A$1.959 billion [US$1.519 billion] in 2024-25,” the ICA explained.