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Indian

Bank employees working in sensitive positions to get surprise leaves of at least 10 days

In a communication to lenders, including rural development banks and cooperative banks, the RBI asked them to put in place a ‘mandatory leave’ policy as part of the prudent risk management measure.

During the mandatory leave, the bank employee will not have access to any physical or virtual resources related to the work responsibilities, with the exception of internal/ corporate email which is usually available to all employees for general purposes.

India poised for double-digit growth this fiscal; disinvestment climate looks better: Niti VC

”We are now hopefully getting past our (COVID-19) pandemic… and the economic activities will be strengthened as we get into the second half of this (fiscal) year given what I have seen for example various indicators, including the mobility indicators,” Kumar told PTI in an interview.

The Indian economy has been adversely impacted by the coronavirus pandemic and the recovery has been relatively sluggish in the wake of the second COVID wave.

Too early to say anything on Kappa variant: UP doctor on Covid’s new strain

“It is too early to say anything (on Kappa variant). When we tracked the patient’s medical history, we found that he experienced a very high fever and breathing difficulty in a very short span of time. He was admitted in a very critical condition and died after almost 5 days,” Dr Amresh Singh, assistant professor, and Head Microbiologist at BRD Medical College in Gorakhpur told ANI.

IT rules 2021 empowering, protecting users, asserts Ashwini Vaishnaw

The new rules which came into effect from May 25 mandate social media companies to establish a grievance redressal mechanism for resolving complaints from the users or victims.

All significant social media companies, with over 5 million user base shall appoint a grievance officer to deal with such complaints and share the name and contact details of such officers.

International

Swiss Re suspends £3.3bn ReAssure’s IPO due to market conditions

“While we firmly believe that the long-term interests of ReAssure are best served by a more diversified shareholder base, there has been no pressing need for Swiss Re to divest shares at a price that we consider to be unrepresentative of ReAssure’s value and future prospects”

CCRIF & World Bank issue first parametric fisheries insurance

The COAST insurance policies provide coverage for fisherfolk and other players in the fisheries industry to enable them to recover quickly after weather-related events.  Initial funding for COAST has been provided by the U.S. State Department.

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