Cabinet Drops Merger Plan Of Three PSU Insurers
To improve financial and solvency position of state-owned general insurance companies, the Union Cabinet Wednesday approved fund infusion of Rs 12,450 crore in Oriental Insurance Company Limited, National Insurance Company Limited and United India Insurance Company Limited. The government has given up plans of merging the three companies that was earlier announced in the Union Budget. This funding support comprises Rs 2,500 crore equity that was infused in 2019-20, another Rs 3,475 crore will be released immediately, while the balance Rs 6475 crore will be infused later.
Source: Indian Express
The demand for ventilators across the country has increased due to the novel coronavirus disease (COVID-19) pandemic. To meet this demand, researchers from Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Kerala developed an Emergency Breathing Assist System (EBAS) called AirBridge.
The portable, battery-operated and user-friendly device can be used for ventilator support during COVID-19-related and other emergency situations. It can be used in hospital wards, when patients are being transported in ambulances and in small hospitals that do not have central oxygen supply systems and rely on oxygen cylinders.
Source: Down To Earth
Industrial accidents have happened in the last few months like never before. Since the styrene leakage incident at Vishakhapatnam’s LG Polymers Pvt Ltd, many major and minor industrial accidents have been reported. Most of these accidents happened in the chemicals sector.
On June 29, 2020, a gas leak occurred late in the night at a Sainor Life Sciences Pvt Ltd unit in Visakhapatnam, resulting in the deaths of two people, while four suffered injuries. The company makes Active Pharmaceutical Ingredients (API), used in manufacturing drugs.
Companies should understand the importance of various safety systems, evolve new approaches to train their workers in a better way and follow proper sequence of procedures while handling and managing toxic chemicals and substances.
There is an urgent need to strengthen the deterrence mechanism.
Source: Down To Earth
MGNREGS is Important In The Rescue Of The Poor
Data from this year show that in nearly two-thirds of the States, demand for MGNREGS work has doubled or even tripled in a number of districts compared to the previous year.
Only in States where kharif crop was sown, the demand was relatively lower. But with some States resorting to their own shutdowns to curtail the spread of COVID-19, the prospects of a robust economic recovery that would benefit those engaged in casual labour and daily wage-labour remain dim.
The swell in agrarian employment in the monsoon season notwithstanding, the excess supply of labour owing to reverse migration from the cities could depress wages. This makes an extension of the limit of work days under the MGNREGS even more imperative.
Source: the Hindu
64 total views, 1 views today