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Indian
Govt launches e-SHRAM portal to maintain database of 38 cr unorganised sector workers
Prime Minister Narendra Modi has sanctioned Rs 2 lakh accidental insurance cover to every registered unorganised worker on the e-SHRAM portal. If a worker registered on the portal meets with an accident, he/she will be eligible for the amount on death or permanent disability and Rs 1 lakh on partial disability.
A national toll free number — 14434 — was also launched to assist and address the queries of workers seeking registration on the portal
As part of the initiative, the workers will be issued an e-SHRAM card containing a 12-digit unique number The objective behind the move is integration of social security schemes of the government.
”Indian aviation mkt to be ”very large” by FY30; to accommodate both Indian, Middle East carriers”
In a post-webinar presentation, CAPA Advisory projected that by 2029-30 India”s international traffic is estimated to increase by 50-60 million annual passengers from pre-COVID levels to reach 115-125 million.
Hosted by CAPA, the webinar was on ”India-Middle East Aviation Dialogue: A Win-Win Outcome is Feasible and Likely”.
It said more than 30 per cent of the country”s international origin destination traffic is on long- and ultra-long haul routes. The domestic carriers are expected to add just around 70 wide-body planes by FY30, which is likely to address only half of the incremental long-haul demand, it added.
India logs 44,658 new COVID-19 infections, Kerala reports 30,007 cases
As a part of the ongoing nationwide vaccination drive, the country has administered 61.22 crore vaccine doses till date. Yesterday, the health ministry informed that 50 per cent of the eligible population has been administered with the first dose of COVID-19 vaccine under the world’s largest vaccination drive. India’s COVID vaccination drive commenced on January 16 this year.
Indian aviation watchdog plans tough new drug abuse rules
Wednesday’s draft rules require random drug tests of flight crew and air traffic controllers, to ensure testing of at least 5% of the total employees of airlines and others in a year. Positive tests will lead to an employee being “immediately removed from the safety-sensitive duty till a confirmatory report is received”, the draft showed.
International
Berkshire Hathaway 100% ready for my departure: Warren Buffett
-Along with Microsoft co-founder Bill Gates and his wife Melinda Gates, Buffett in 2010 launched the “Giving Pledge,” in which billionaires promise to give at least half their wealth to philanthropic causes,
=Berkshire Hathaway has holdings in companies including American Express, JPMorgan Chase and Goldman Sachs. It is also active in sectors like insurance, through Geico; rail, with BNSF; and energy, via PacifiCorp,
-Forbes said in its rankings last year that Buffett was worth $82.5 billion.
Warren Buffett touts wind energy following climate-change criticism
Companies are facing mounting pressure to detail their environmental impacts. Earlier this year, BlackRock Inc.’s Larry Fink said climate change is likely to upend global finance sooner than expected. It’s not the first time Buffett has cited the Iowa wind push: At Berkshire’s annual meeting last year, he brought it up when asked how his conglomerate scores on environmental, social and governance factors.
Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW
The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.
China ends 2yr state custody of troubled Anbang Insurance
Authorities took control of the 2 trillion yuan ($285 billion) conglomerate in February 2018 after its former chairman Wu Xiaohui was arrested — and subsequently jailed — for fundraising fraud. They initially set themselves a 12-month timeline to raise cash by jettisoning non-core assets such as luxury hotels, preserve Anbang’s main insurance operations and find strategic investors. That deadline was later extended by a year to Feb. 22.
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