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Indian
SC notice to Centre on PIL against Aadhar as mandatory ID proof for vaccination
The plea urged that authorities should not insist on the production of the Aadhar card as the only proof of identification for the purpose of administering COVID-19 vaccination.
The plea said that contrary to the practical actions of MoHFW, recently another Standard operating procedure (SOP) guideline has been issued by it wherein it directs the provision of vaccination for even those persons who do not possess any of the seven prescribed photo ID cards as mentioned in the CoWIN portal.
PM launches second phase of Swachh Bharat Mission-Urban, AMRUT
India is processing about one lakh tonne of waste every day, he said, adding that garbage mountains in cities will be processed and removed completely under the new phases of the two missions.
In line with the vision of the prime minister, SBM-U 2.0 and AMRUT 2.0 have been designed to realize the aspiration to make all cities garbage-free and water-secure, according to the Prime Minister’s Office (PMO).
Tatas and Max Life Insurance foray into pension sector, apply for licenses to become pension fund mangers
Axis bank also wants to set up a company as Pension Fund Manager and is waiting for approvals from Reserve Bank of india (RBI) which may be completed in next 15 days.
So far, NPS has seen a 60% jump in NPS onboarding in the first six months of this financial year and our returns (in CAGR) is more than 10% over a period of 12 years. The total corpus has grown to Rs. 6.67 trillion and the total number of subscribers is 4.60 crores as on 25th September, 2021.
With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion
The approved amount will be infused in instalments, thereby increasing the capacity to underwrite risks up to Rs 88,000 crore and this will enable ECGC to issue covers that can support additional exports of Rs 5.28 lakh crore over the five-year period, said M Senthilnathan,its Chairman and Managing Director .
International
Willis Towers Watson launches customised cyber cover for shipowners
The new product addresses the growing need for an explicit marine cyber solution, built from the ground up to specifically address ship-operators’ exposures, rather than trying to use pre-existing generic cyber products amended marginally to fit marine exposures. Shipowners are increasingly reliant on technology for all aspects of their operations and their unique risks associated with this dependency can lead to significant financial damage.
Aon to cut salaries of most employees, suspends stock buybacks
Gregory Case, chief executive officer; Christa Davies, chief financial officer; Eric Andersen, president; John Bruno, chief operating officer, and Tony Goland, the company’s chief innovation officer, have agreed to a temporary 50% reduction in their base salary from May 1, 2020 through December 31, 2020, or until another date is determined by the company, according to a filing with the Securities and Exchange Commission.
Battered and bruised, Supply Chains shift to recover-and-survive mode
Total global reinsurance capital rises by 15% to $605 bn at year-end 2019,underlying returns remain low: Willis Re
James Kent, global CEO, Willis Re, said: “This analysis demonstrates how sensitive the global reinsurance capital base is to investment markets. Thankfully strong capital growth in 2019 allied to judicious investment strategies by many companies has put the industry in a good position to weather the current volatile environment. At the same time, the analysis demonstrates that underlying profitability remains a core focus for reinsurers resulting in rate increases across many lines of business, to support the pricing momentum on loss impacted lines that started in some cases in mid-2018.”
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