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Indian
Safety audits mandated at all stages of road development to reduce accidents, says Nitin Gadkari
Rural India sinks deeper into debt as Covid-19 pandemic wipes out work
The coronavirus and a lockdown aimed at stopping it last year saw millions of people thrown out of jobs in cities and towns and forced back to their villages, and ever higher levels of debt.
Interviews with 75 households in a cluster of eight villages in India’s most populous state showed household incomes have slumped nearly 75% on average. Almost two thirds of the households have taken on debt.
Rural unemployment rate, which used to hover around 6% before the pandemic, rose to 8.75% in June, according to the Mumbai-based Centre for Monitoring Indian Economy (CMIE).
India’s COVID death rate hit record in June after calls for better data
“The Delta variant is both the most contagious variant and among the most dangerous variants in terms of infection fatality rates,” said Christophe Z Guilmoto, a demographer at the French Institute of Research for Development in New Delhi, who has studied COVID-19 mortality in India. “It did play an increasing role at the end of India’s second wave, and this may explain why the daily count of deaths in India isn’t coming down as fast as we expected/hoped.”
Delhi govt launches financial assistance scheme for families of Covid victims
”Each family in which a death has occurred due to Covid will be provided an ex gratia of Rs 50,000.”
”We are launching a portal through which such people can apply for financial assistance. Our representatives will also visit such families and get applications filled up,” he added.
The chief minister said such representatives will not reject claims of families in case any document is missing and will only facilitate the process.
There is no income criterion to apply for financial assistance under the scheme.
International
Oil tanker insurance costs to jump after Gulf attacks
The Joint War Committee, a group that advises insurers, designated the entire Persian Gulf and waters just outside it a so-called Listed Area after the incidents a month ago. The classification gives underwriters room to charge more. As of Thursday, owners were reluctant to send vessels to the region while there was also a dearth of cargoes, according to traders and shipbrokers involved in that market, who spoke on condition of anonymity.
ACORD launches solution to digitise insurance lifecycle End-To-End
“The market needs accelerators to help it gain cost savings and efficiencies. ACORD iConductor is a turn-key solution that helps realize these benefits by digitizing the whole insurance lifecycle to streamline, automate, and eliminate inefficiencies.This platform is designed and built to address the current and future scale of the insurance market, and because it’s owned and governed by the industry, its evolution will align with demand for standardized risk exchange,” said Bill Pieroni, President and Chief Executive Officer of ACORD.
Uber, Lyft appeal for deal on driver status as independent contractors
Faced with legislation in California that endangers their business...
Uber to unveil next-generation Volvo self-driving car
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