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Rainfall seven percent below normal in July: IMD
Maha: Thane Lok Adalat settles 218 cases amounting to Rs 12.40 cr
The Lok Adalat was held on Sunday and in one case, there was a settlement worth Rs 95 lakh between a private insurance company and the family of a man who died in a road accident in 2013, Principal District and Sessions Judge Anil Pansare told reporters. In 174 cases, the settlement was done online in the wake of the COVID-19 pandemic, he said.
Forecasters who predicted India’s coronavirus peak see new wave coming
The country may see a worsening of its outbreak as soon as this month, with the next wave peaking in the best-case scenario with less than 100,000 infections a day, or nearly 150,000 in the worst scenario, according to estimates by researchers led by Mathukumalli Vidyasagar and Manindra Agrawal at Indian Institute of Technology in Hyderabad and Kanpur respectively.
States with high Covid rates, such as Kerala and Maharashtra, could “skew the picture,” Vidyasagar told Bloomberg in an email.
479 infrastructure projects show cost overruns worth Rs 4.4 trillion
Out of 541 delayed projects, 109 projects have overall delay in the range of 1-12 months, 119 (13-24 months), 192 (25-26 months) and 121 projects (61 months and above).
The average time overrun in these 541 delayed projects is 45.76 months.
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages.
International
Climate regulations could disrupt investment strategies
AXA XL appoints Stephen Nguyen as Client Management Leader, Asia
Craig Langham, regional hub leader, Asia Pacific- Insurance added: “Asia is fast evolving, with disruptive technologies and emerging risks impacting traditional business models. Clients now look beyond current risks to ensure they are prepared for the risks of tomorrow, and there have never been more opportunities for AXA XL to make a difference to our clients and brokers. Growing our client and distribution team is one of the ways that we demonstrate our commitment to the market”
China’s crackdown on illegal meat puts India’s $2-bn trade at risk
China has adopted stricter border controls due to African swine fever, meaning Indian buffalo meat exports into China that usually flow through Vietnam has all but stopped. Indian exporters are now hoping Indonesia can more than triple its meat imports from the South Asian nation to make up for the heavy losses this year.
WTW partners with Tricor Hong Kong on people and risk mitigation solutions to its 50,000 global clients
This new partnership will enable Tricor clients base of Fortune 500 listed companies access to offerings and services from Willis Towers Watson (WTW), which include workforce protection and risk transfer solutions. WTW will also complement Tricor’s business solutions and facilitate companies, with mainland Chinese business footprint, in their expansion into the growing markets in Asia, as well as support companies at every stage of their pre-and-post IPO process.
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