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Indian

India wants rich countries to pay more for green energy shift

“Every policy decision has a cost to the economy. Going net-zero or using less carbon also has a cost,” Environment Secretary Rameshwar Prasad Gupta said in an interview at his New Delhi office. “We are not anti-net-zero. But without adequate climate finance being definitively available, we can’t commit on that part.”

MBBS students may soon have to take internship in Ayush: NMC draft rule

For Ayush, the NMC mentioned that interns can choose any elective from Ayurveda, Yoga, Unani, Siddha, Homeopathy and Sowa Rigpa for a week.

There will be 17 postings which MBBS students have to complete over a period of 12 months after graduation. Of the 17 postings, 14 are mandatory and three are electives. The training in Indian systems of medicine are among the electives, the draft regulation said.

IMD”s faulty forecast for N India: Wrong signals by models, difficulty in predicting wind patterns

The India Meteorological Department (IMD) had predicted that monsoon is expected to cover these parts by June — a little less than a month back, but its predictions are yet to come true.

In its forecast on June 13, the IMD had predicted that the Southwest Monsoon will reach Delhi by June 15. However, a day later it said conditions are not favourable for its further advancement in this region.

International

Pakistan examines ways to bolster insurance penetration

Sabzwari said he will:-consider a request by brokerages for minimum commissions, while taking into account the views of all stakeholders after mutual funds objected to similar proposals earlier,
-reduce barriers for startups and small to medium-sized companies to tap capital markets; he targets a few listings this year
make it compulsory for companies to have group life insurance, third-party automobile liability coverage, and occupational health insurance before March.

Volvo’s autonomous trucking offer bundles pilots, insurance, services

Driverless transportation has been hailed as a transformative revenue opportunity, with the Boston Consulting Group expecting connected high-tech vehicles to generate about $150 billion of new profits for the auto sector by 2035.But regulatory, technological and infrastructure roadblocks stand in the way of deploying fully autonomous vehicles on public roads and the journey is proving long and costly.

Record-setting heatwave and costly severe weather sweep across Europe in June

Michal Lorinc, Catastrophe Analyst within Aon’s Impact Forecasting team, said: “An active start to summer in the Northern Hemisphere featured many large-scale weather events including severe thunderstorms, flooding, extreme heatwaves, and drought. Europe was at the center of many of these perils as record temperatures engulfed parts of France, and large hail and damaging winds led to more than USD730 million in insured costs in Germany alone. Impact Forecasting currently has a fully probabilistic hail model available for several European countries to help clients better understand the growing risks associated with hail to property exposure.”

Brazil undertakes sweeping pension sector reforms

As it currently stands, the bill would set a minimum retirement age of 65 for men and 62 for women, with a transition period of 12 to 14 years. If enacted as approved by the lower house, the legislation would save the state over 900 billion reais ($236 billion) over a decade.

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