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Indian

Jobs lost, middle-class Indians line up for rations and ‘worry about meals’

As India’s economy shrunk by 7.3 per cent last year, the daily average wage for about 230 million Indians — enough to make the world’s fifth-largest nation — dropped below the Rs 375 ($5) threshold, according to a study by the Azim Premji University in Bangalore. “An alarming 90 per cent of respondents” reported “that their households had suffered a reduction in food intake as a result of the lockdown,” the study said.

The number of people living in households with daily incomes below $5 level spiked from 298.6 million, at the start of the outbreak in March 2020 to 529 million at the end of October, the study said.

Nearly 39,000 pigs died in Assam due to African Swine Fever in last 18 months

Assam’s Animal Husbandry and Veterinary Minister Atul Bora said 38,700 pigs died due to African Swine Fever since its detection in the north- eastern state in 2020.As many as 13,200 families have been economically affected as a result of the pig deaths, the minister said.

However, the government has not paid any compensation to the affected families as the matter is under the jurisdiction of the Centre, Bora said.

As per central rules, there is a provision of paying compensation based on the culling of ASF-affected pigs.

Innovative technologies required to douse Jharia coal fire: official

”The government is very much concerned about the safety of humans living in the coal-bearing areas in Jharia and Raniganj.

”The companys (Coal India’s) top priority should be to douse fire in Jharia by introducing new technologies,” said Additional Secretary, Ministry of Coal (MoC), Vinod Kumar Tiwari here as per a statement from CCL.

International

U.S. judge cuts $2 billion verdict against Bayer to $86 million

Under Smith’s final order, California couple Alva and Alberta Pilliod would receive roughly $17 million in compensatory and $69 million in punitive damages, down from $55 million and $2 billion, respectively.The plaintiffs still have to formally accept the reduced award.

InsurTech investment buoyant in Q2, 2019:Willis Towers Watson

69 deals with a total value of $1.41 billion were announced in Q2, 2019. The value of investments in property/casualty-focussed firms rose by 283% compared to Q2, 2018, and Life & Health deals by 259%. The number of strategic investments by (re)insurers hit a record high of 36.

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