SIRC  26

Indian

Cabinet approves listing of ECGC, capital inusion of Rs 4,400 cr

The government will inject Rs 4,400 crore in the ECGC over a period of five years beginning 2021-22, said Commerce Minister Piyush Goyal told reporters after the Cabinet meeting.

He also said Rs 500 crore infusion will be done immediately. The listing of ECGC is likely to happen next year.

Data privacy should not be compromised in using fintech: FM

”Data privacy is one of the things which is very important and it is an issue on which there can be a lot of contentious views. However, basic respect for privacy…as the guiding principle is well appreciated.Safeguard of client data, is something which I think is the backbone to bringing trust. Unless my data is safeguarded well I wouldn’t want to get into a scheme of things. So that is the guiding principle,” Sitharaman said at the ‘Global FinTech Fest 2021’.

International

Passenger sues United Airlines over refusal to refund airfare despite U.S. order

Airline passengers throughout the U.S. are increasingly taking to social media to air their frustration at not being able to get refunds for trips canceled amid the coronavirus pandemic. The U.S. Department of Transportation on Friday reminded carriers that they are required to reimburse fliers for fares and fees.

Global supply chains strained as ship crews are stuck in Lockdown

Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global lockdowns have complicated travel from the Philippines, which supplies about a quarter of the world’s seafarers.

At risk is the flow of goods like food, medicine and energy via commercial shipping, which accounts for about 80% of global trade. While unseen by most consumers, restrictions on crews are among the unprecedented challenges wrought by the virus, which has ground major economies to a halt.

COVID-19 victim in Illinois sues Walmart for negligence

According to the complaint, Walmart did not follow guidelines issued by the Centers for Disease Control and Prevention and the U.S. Department of Labor for maintaining safe workplaces, such as implementing social distancing.

Walmart also hired new workers in an expedited process without properly screening them for symptoms of COVID-19, Evans’ estate says.

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