SIRC 26
Indian
India reports 39,070 COVID-19 cases in last 24 hrs, active cases stand at 4,06,822
Depict real picture of job loss: Parliamentary panel to Labour Ministry
It observed that despite Covid-19 pandemic, net EPFO payroll addition for 2020-21 was 77.08 lakh which is almost at par with 2019-20 net payroll addition of 78.58 lakh.”However, the Committee’s attention has been drawn to a study conducted by the Azim Premji University according to which nearly half of the formal salaried workers moved into informal work either as self-employed (30 per cent), casual wage (10 per cent), informal salaried jobs (9 per cent) between late 2019 and late 2020.”
UK eases travel restrictions for Indians, compulsory institutional quarantine rule removed
According to the Department of Health and Social Care (DHSC) all arrivals from India who have been vaccinated with both the doses can choose to isolate at home. The individuals no longer need to shell out 1, 750 pounds per head for 10 day quarantine at a government-approved facility. Moreover, people vaccinated in UK or Europe are exempted from home quarantine requirements as well. Moreover, work is ongoing to determine which non-UK vaccines and certification solutions will be recognised. This comes as the UK reviews its three-tier international travel restrictions with a color-coded list of countries (red, amber & green).
ICMR study finds mix of Covishield, Covaxin yields better results
These findings have an important implication for the COVID-19 vaccination program wherein heterologous immunisation will pave the way for induction of improved and better protection against the variant strains of SARS-CoV-2.
Such mixed regimens will also help to overcome the challenges of shortfall of particular vaccines and remove hesitancy around vaccines in people’s mind that could have genesis in programmatic ‘errors’ especially in settings where multiple COVID-19 vaccines are being used, the study highlighted.
International
Calpers says one-fifth of public holdings exposed to climate risk
Key appointments made for governance and delivery of the Future at Lloyd’s
John Neal, Lloyd’s Chief Executive Officer, said:“Since the launch of Blueprint One, we have focused on designing a carefully structured and managed approach to planning and execution to allow regular delivery of value to the market. With robust governance and oversight now in place, and the funds for delivery secured, we have every confidence in the successful delivery of the Future at Lloyd’s.”
Victor Launches Lloyd’s Syndicate 2288
“We have extensive history with Lloyd’s as a coverholder and are delighted to broaden our strategic relationship with such a vital market. Lloyd’s digital-forward approach aligns well with Victor’s digital innovation and our international expansion plans,” said Anthony Stevens, president of Victor International.
China to allow 100% FDI in life insurance sector from Jan 2020
Currently, there are at least 28 foreign owned life insurers in China, with AIA being the only company to have a 100% shareholding.The first wholly owned foreign insurance operations were granted almost a year ago, when Axa bought out its domestic joint-venture partner and within the last few weeks Allianz won initial approval to set up a wholly owned holding company. AIA also owns its China business outright, but it was grandfathered in under a licence that pre-dated the restrictions
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