policy Research for environmental policymaking: how to prioritise, communicate and measure impact - March 2016 By ec.europa.eu Published On :: Tue, 22 Mar 2016 09:12:34 GMT Up-to date scientific and technological research is vital to allow humans to adapt appropriately to our changing global environment, and current rates of environmental degradation and resource depletion. Effective research policies are essential to maintain or improve the standard of life for future populations – in Europe and globally. Full Article
policy Farmers with knowledge of environmental policy are more willing to create wetland habitats By ec.europa.eu Published On :: Tues, 27 June 2017 9:23:19 GMT The willingness of farmers to create wetlands within agri-environment schemes (AES) has been assessed as part of a new study in Sweden. Land-owning farmers and those with prior knowledge of the Water Framework Directive (WFD) were more likely to create wetlands than leasehold farmers or those with no prior knowledge of WFD. Common reasons for not wanting to take part in the scheme included the farmers’ senior age, that wetlands would not be suitable on the farm and high costs — leading the researchers to suggest that changes in subsidy payments may increase wetland creation. Full Article
policy Economics of Ecosystems and Biodiversity: nature conservation and climate policy are mutually beneficial (Germany) By ec.europa.eu Published On :: Thur, 05 October 2017 9:23:19 GMT A new study has assessed the value of ecosystem-based approaches to mitigating climate changes and conserving biodiversity in Germany. The researchers highlight the trade-offs and synergies between climate adaptation and nature conservation and suggest that effective ecosystem-based climate policy requires improved coordination between different sectors, such as agriculture, forestry and energy. Full Article
policy Proactive policy needed to manage nanowaste By ec.europa.eu Published On :: Thu, 27 Jan 2011 14:20:27 GMT Governments and industry must act quickly to address the impacts of rapidly rising volumes of 'nanowaste', according to research. The study warns against continuing unabated release of nanomaterials into the environment and outlines a number of practical steps that should be taken in order to start dealing with the problem. Full Article
policy Clarity needed on environmental impact of plastic waste for evidence-based policy By ec.europa.eu Published On :: Thur, 19 April 2018 9:23:19 GMT Plastic waste in the environment presents cause for concern, but scientific understanding of its exact impacts is still in its infancy. A team of Dutch scientists has presented recommendations on how to develop a new assessment method which provides clear, specific evidence on the risks of plastic waste. Once developed, this method could inform scientifically sound policies for managing plastic waste. Full Article
policy Benefits to integrating climate change into air quality policy By ec.europa.eu Published On :: Thu, 14 Jan 2010 14:47:20 GMT New research suggests potential benefits in integrating air quality and climate change policy. It predicts that accounting for the climate impact of certain air pollutants in the EU, USA and China could complement policies designed to reduce the air quality impacts of these pollutants. Full Article
policy New model for estimating ship emissions to guide policy By ec.europa.eu Published On :: Thu, 21 Jan 2010 12:38:46 GMT EU-supported research has established a new model to calculate air pollution emissions from ships. Its calculations could create a database that lists emissions per ship type and size as well as by country. Full Article
policy Air pollution policy must be based on indoor and outdoor sources By ec.europa.eu Published On :: Fri, 5 Feb 2010 13:01:34 GMT New research reveals that indoor air pollution is an important indicator of the impact of emissions from an oil refinery on nearby communities. It suggests policies based on outdoor monitoring alone are not sufficient to safeguard health, especially with regards to breast cancer. Full Article
policy Policy, not market alone, must dictate future transport emissions By ec.europa.eu Published On :: Thu, 13 Jan 2011 13:13:29 GMT Existing technologies could reduce emissions of CO2 and air pollutants from land transport by almost a third. But, reductions will not be delivered through markets alone, according to a recent assessment, particularly for CO2. The researchers argue that strong policy interventions will be essential to mitigating climate change caused by emissions from land transport. Full Article
policy Up-to-date knowledge must be used to assess policy objectives By ec.europa.eu Published On :: Thu, 24 Oct 2013 11:36:56 GMT The most up-to-date knowledge and data must be used to assess policy objectives, new research confirms. Studying air pollution environmental quality targets set by the National Emission Ceilings (NEC) Directive1, a new study has shown that if 2001 data are used to assess progress, most such targets appear to have been met. However, more recent and accurate current data show that this may not be the case. Full Article
policy The co-benefits of co-ordinated climate change policy By ec.europa.eu Published On :: Thu, 14 Nov 2013 11:37:40 GMT Globally co-ordinated climate change policy to limit warming to 2°C could provide additional health, ecological and economic benefits. Using established methods, researchers estimated that the implementation of climate policy would also reduce global expenditures on air pollution control in 2050 by €250 billion. Full Article
policy Indoor pollution modelled to inform policy on home insulation By ec.europa.eu Published On :: Thu, 27 Mar 2014 9:23:19 GMT Increased insulation in homes could reduce ventilation and lead to greater exposure to indoor air pollution, a new study suggests. This, in turn, could affect health. The researchers modelled exposure to fine particles, which indicated that insulating half the homes in Greece by 2020 could lead to a 6% increase in adverse health effects. Sources of indoor air pollution should be reduced as far as possible and, failing that, sufficient airing is key, they recommend. Full Article
policy Shore side electricity: key policy recommendations for uptake By ec.europa.eu Published On :: Thu, 15 October 2015 09:23:32 GMT A new study quantifies the economic and environmental potential of powering docked ships in European ports using local electricity networks. The authors give key recommendations on policy actions to enable implementation in European harbours. Full Article
policy Synthetic biology: key policy issues and options By ec.europa.eu Published On :: Thu, 4 Nov 2010 13:40:10 GMT Synthetic biology (SB) is the design of new biological parts or systems. It could be influential in finding solutions to environmental challenges, but there are also concerns it could be hazardous. A new study has investigated the issues surrounding the application of SB and suggested policy strategies to oversee this area. Full Article
policy Spellbanned: Etsy policy change invokes ire of witches By www.mnn.com Published On :: Thu, 25 Jun 2015 20:25:45 +0000 Metaphysical services are disappearing from the online marketplace faster than you can say 'I bind you, Etsy, from doing harm ...' Full Article Arts & Culture
policy Michael Pollan: A history of food policy By www.mnn.com Published On :: Tue, 14 Apr 2009 20:11:09 +0000 Michael Pollan explains how public health problems in the past made food so cheap it started costing people their health. Full Article Food & Drink
policy Newt talks energy policy in Iowa By www.mnn.com Published On :: Tue, 05 Jul 2011 21:30:35 +0000 From pipelines and wind power to Brazil and the EPA, Newt Gingrich devoted a lot of time to energy policy during a camping stop. Full Article Politics
policy Study reveals gaps between Tea Party and everyone else on energy policy By www.mnn.com Published On :: Tue, 26 Oct 2010 21:58:20 +0000 A study from the Civil Society Institute reveals that party lines divide many people's feelings about global warming, energy independence and green jobs. Here a Full Article Politics
policy Why climate policy is stuck in neutral By www.mnn.com Published On :: Fri, 03 Jun 2011 20:48:24 +0000 An economist and an ambassador to a petroleum-rich country talk about the current state of climate policy in the United States. Full Article Politics
policy General Mills backs off restrictive, no-lawsuit policy after backlash By www.mnn.com Published On :: Mon, 21 Apr 2014 16:15:56 +0000 General Mills scraps new legal terms that served to waive the rights of Facebook fans and coupon users to sue the company. Full Article Sustainable Business Practices
policy Washington Auto Show: Making policy for the car of the future By www.mnn.com Published On :: Fri, 22 Jan 2016 23:39:00 +0000 The Detroit and New York auto shows may have the new car introductions, but Washington has the politicians. Full Article Transportation
policy CEO says U.S. is years away from crafting an energy policy By www.mnn.com Published On :: Fri, 13 May 2011 17:22:41 +0000 The head of Duke Energy says Americans don't have the attention span to take on crafting a meaningful energy policy. Full Article Politics
policy Abercrombie & Fitch, in reversal of exclusionary policy, now selling larger sizes By www.mnn.com Published On :: Fri, 08 Nov 2013 02:48:45 +0000 After a drubbing in the media, the formerly popular brand is making amends. Full Article Natural Beauty & Fashion
policy L.L. Bean revises its legendary return policy By www.mnn.com Published On :: Fri, 09 Feb 2018 21:43:01 +0000 Citing increasing abuses of their return policy, L.L. Bean has updated its lifetime guarantee policy. Full Article Personal Finance
policy Meet Tom Angell, drug policy reform activist and founder of Marijuana Majority By www.mnn.com Published On :: Wed, 06 Feb 2013 22:31:57 +0000 Interview with drug policy reform activist Tom Angell, founder of Marijuana Majority. Full Article Politics
policy Weekend reads: How averting the fiscal cliff affected food policy By www.mnn.com Published On :: Fri, 04 Jan 2013 21:00:00 +0000 Effects of the fiscal cliff deal on food policy Full Article Healthy Eating
policy Teachers College gets $3.5 million donation for food policy center By www.mnn.com Published On :: Fri, 15 Feb 2013 17:55:11 +0000 Gift will help support farmers market and healthy bodega programs; Newark Mayor Cory Booker speaks at the launch event. Full Article Healthy Eating
policy Tennessee Center for Policy Research has no credibility By www.mnn.com Published On :: Mon, 30 Mar 2009 21:35:23 +0000 The TCPR is a right wing funded smear tank with a fetish for Al Gore that never hesitates to let facts get in the way of a good dig. Full Article Climate & Weather
policy SSP adds Policyfast to e-trading platform By www.insuranceage.co.uk Published On :: Thu, 09 Jan 2020 11:02:36 +0000 Provider specialises in insurance for food and hospitality businesses. Full Article
policy CLS launches public procurement indemnity policy By www.insuranceage.co.uk Published On :: Mon, 14 Oct 2019 11:04:58 +0100 CLS claims the policy will help open up a new market to brokers. Full Article
policy Keychoice teams up with NIG on commercial vehicle policy By www.insuranceage.co.uk Published On :: Thu, 23 Jan 2020 15:03:02 +0000 NIG has also added two new products on SSP's commercial e-trading platform. Full Article
policy Newsline Special: Procurement Policy Note Supplier relief due to COVID19 By www.cpt-uk.org Published On :: Cabinet Office have issued a Procurement Policy Note today 23 March setting out information and guidance for public bodies on payment of their suppliers to ensure service continuity during and after the current coronavirus, COVID19, outbreak. It states that contracting authorities must act now to ensure suppliers at risk are in a position to resume normal contract delivery once the outbreak is over. Full Article
policy Consumer Data Right Compliance and Enforcement Policy released By www.accc.gov.au Published On :: Fri, 08 May 2020 11:26:00 +1000 8 May 2020The ACCC and the Office of the Australian Information Commissioner (OAIC) today jointly released the Compliance and Enforcement Policy for the Consumer Data Right. The Policy outlines the approach that the ACCC and the OAIC have adopted to encourage compliance with, and address breaches of, the Consumer Data Right regulatory framework. The Policy has been developed following consultation with current and future data holders and recipients. ‘‘The Consumer Data Right is an important reform that will give consumers greater access to and control over their data,” ACCC Commissioner Sarah Court said. “With this important reform come significant and serious safeguards.” “It is the responsibility of each Consumer Data Right participant to be fully aware of their regulatory obligations or face scrutiny by the ACCC and the OAIC,” Ms Court said. “Today’s release of the Compliance and Enforcement Policy helps clarify these obligations as people prepare to participate in the Consumer Data Right from July 2020.” The ACCC and OAIC have adopted a strategic risk-based approach to compliance and enforcement, which focuses on building consumer confidence in the security and integrity of the Consumer Data Right system. “My office and the ACCC will work in partnership to monitor and actively enforce participants’ compliance with their regulatory obligations, including the privacy safeguards,” Australian Information Commissioner and Privacy Commissioner Angelene Falk said. “A strong regulatory framework is in place to protect privacy and build public confidence in the Consumer Data Right, and the Compliance and Enforcement Policy released today provides increased certainty about how we will uphold these consumer protections.” “Economic reforms like the Consumer Data Right which build consumer confidence in the use of their personal information and encourage innovation will be critical to our recovery after the COVID-19 outbreak,” Commissioner Falk said. The ACCC and OAIC will regularly review the Compliance and Enforcement Policy so that it continues to reflect best practice regulation and evolves with the Consumer Data Right regime. A copy of the Compliance and Enforcement Policy is available online. This media release was jointly issued with the Office of the Australian Information Commissioner. Background Principles The ACCC and OAIC will adopt a strategic risk-based approach to compliance and enforcement which recognises the joint regulatory model and a requirement to deal with breaches of the legislation efficiently and effectively. Both agencies will act with integrity, professionalism and in the public interest, guided by the principles of accountability, efficiency, fairness, proportionality and transparency. Compliance monitoring tools The ACCC and OAIC will use a wide range of information sources and monitoring tools to assess compliance and identify potential breaches of the Consumer Data Right legislation (including Privacy Safeguards), Consumer Data Right Rules and Data Standards. These sources and tools will include: stakeholder intelligence and complaints business reporting, which will include summaries of Consumer Data Right complaint data audits and assessments information requests and compulsory notices. Enforcement options There are a range of enforcement options available to respond to and resolve breaches of the Consumer Data Right legislation (including the Privacy Safeguards), Consumer Data Right Rules and Data Standards. These include: administrative resolutions, whereby a business provides a voluntary written commitment to address a non-compliance issue infringement notices and court-enforceable undertakings suspension or revocation of accreditation by the ACCC (as the accreditor) determination and declarations, using the OAIC’s power to make a determination following an investigation, to either dismiss or substantiate a breach of a Privacy Safeguard or Rule relating to the privacy or confidentiality of Consumer Data Right data court proceedings (which may result in penalties, injunctions and other orders). Release number: 93/20ACCC Infocentre: Use this form to make a general enquiry. Media enquiries: Media team - 1300 138 917 Audience Media Topics Consumer data right Full Article
policy All About Life Insurance Policy Plans By rssnewsfeed.net Published On :: Tue, 04 Mar 2014 05:20:41 +0000 More like this Twitter Refernce materials. See this link for more references. Keywords: Term of life insurance nj, Long term care insurance nj, New jersey insurance agent, Home insurance new jersey, Restaurant insurance nj, Small business insurance. Graphics: Post This Infographic The post All About Life Insurance Policy Plans appeared first on RSS News Feed. Full Article Insurance
policy Trump Pressures Army To Violate NEPA, Treaties And Army Policy By Approving Dakota Access Easement By www.24-7pressrelease.com Published On :: Wed, 25 Jan 2017 07:00:00 GMT On January 24, 2017, President Trump issued a Memorandum pressuring the Secretary of the Army and the Army Corps of Engineers to approve an easement for the Dakota Access Pipeline. Full Article
policy International Conference in New Hampshire to Create Impartial Public Policy Forum, Avoid Rhetoric By www.24-7pressrelease.com Published On :: Wed, 18 Jul 2018 07:00:00 GMT At The Portsmouth Conference on October 18 and 19, 2018 in Portsmouth, NH, a panel of leading international thinkers will discuss policy consequences related to climate. Full Article
policy hipaapoliciesandprocedures.com Launches HIPAA Security & Privacy Compliance Toolkit & HIPAA Policy Templates for Local, State, and Federal Agencies for Assisting with HIPAA Certification By www.24-7pressrelease.com Published On :: Mon, 07 Nov 2016 07:00:00 GMT The HIPAA Security & Privacy Compliance Toolkit (HSPCT) - Government Edition - is the most comprehensive set of Health Insurance Portability and Accountability Act (HIPAA) documents found anywhere in North America today. Full Article
policy The "COVID-19 Communications Pallet For Government Leaders, Healthcare And Policy Professionals" Tool Is Launched To Combat The Coronavirus Pandemic By www.24-7pressrelease.com Published On :: Mon, 30 Mar 2020 07:00:00 GMT Newly devised "communication pallets" serve as a bridge to effective and timely communications on how to solve standardized problems Americans face with COVID-19 Full Article
policy Alsco Encourages Policy Makers to Enforce Best Management Practices as Business and Dining Establishments Reopen By www.24-7pressrelease.com Published On :: Wed, 29 Apr 2020 07:00:00 GMT Part of economic recovery involves keeping restaurant patrons safe by boosting public health and safety practices Full Article
policy Is Transparency Always the Best Policy? By hbr.org Published On :: Thu, 02 Apr 2009 17:07:00 -0500 Paul Levy, president and CEO of Beth Israel Deaconess Medical Center in Boston. Full Article
policy Is Your Company Equipped to Implement a Work from Home Policy? Take the Remote Work Technology Assessment By anderscpa.com Published On :: Tue, 10 Mar 2020 14:09:27 +0000 Is your company prepared to support the imminent demand for remote work options caused by the coronavirus? Take this quick Remote Work Assessment to identify potential issues in your technology environment and avoid problems later when deploying a Work from… Read More The post Is Your Company Equipped to Implement a Work from Home Policy? Take the Remote Work Technology Assessment appeared first on Anders CPAs. Full Article Anders COVID-19 Technology coronavirus microsoft gold partner work from home policy
policy Auto sector bosses meet Gadkari, seek 1-year moratorium for 11 regulations, scrappage policy By economictimes.indiatimes.com Published On :: 2020-05-07T20:56:10+05:30 Auto sector bosses meet Gadkari, seek 1-year moratorium for 11 regulations, scrappage policy Full Article
policy No timeline fixed for release of e-commerce policy: Piyush Goyal By economictimes.indiatimes.com Published On :: 2020-03-18T15:22:47+05:30 On February 23, 2019, the first draft of the National e-Commerce policy was placed in public domain for suggestions. Comments from over 120 stakeholders- companies both Indian and foreign, industry associations, think tanks, foreign governments were received. Post this, a series of meetings have been held with different stakeholders. Full Article
policy Economic revival will depend on our covid policy By economictimes.indiatimes.com Published On :: 2020-05-09T22:59:20+05:30 Cement is a perfect barometer to gauge economic activity. On May 5, a day after India began a graded opening up in its fight against the scourge of the novel coronavirus, economic activity could be tracked by the movement of rakes carrying cement: 7 out of every 10 trains were chugging towards green and orange zones, bypassing the prosperous districts in the red zone.The government, by then, had colour-coded all 733 districts in the country. The 130 districts that were the worst affected by Covid-19 were in the red zone. Suddenly, the country’s biggest and most vital commercial hubs such as Mumbai, Delhi, Pune, Ahmedabad and Chennai were hotspots. The virus-free 319 districts were coded green and the rest 284 districts, which were only moderately affected, were called orange. The many guidelines issued by the Ministry of Home Affairs, state chief secretaries and even resident welfare societies boiled down to the same thing — the harshest lockdown will be in the red zone, there will be partial relaxation in orange zones while green will be opened up, albeit with conditions.Cement movement is a good measure of economic activity on the ground as it is often ferried straight to project sites. When the nationwide lockdown began on March 25, all non-essential work, including construction, came to a grinding halt. And the rakes carrying cement stopped running. 75649505The railway data, previewed by ET Magazine, shows that 254 trains carrying cement were on the move on May 5 when Lockdown 3.0 began: 84 of them were travelling towards green zones, 99 to orange and only 71 to red.India in Numbers- Source: McKinsey (% of population- 2011 census)Total Districts in India: 733GREEN ZONE- 319 Districts- 24 per cent populationORANGE ZONE- 284 Districts- 43 per cent populationRED ZONE- 130 Districts- 33 per cent population49-57% Economic activity during the lockdown 41% Red districts’ share of economic activities 50% Share of red districts in households with annual disposable income of over Rs 4.85 lakh 143 mn Minimum number of inactive non-farm workers during lockdown (Note: Green districts are Covid-free for previous 21 days; red and orange zones are identified on the basis of positive cases, doubling rate, testing, etc.)The colour-coded division and lockdown of India raises three big questions. One, are the green and orange zones robust enough to fire up the nation’s $2.7 trillion economy? Two, can the lockdown in the red zones be stretched beyond May 17 even as the number of Covid-19 cases in the country jump to about 60,000 on Saturday morning, with almost all of the new active cases coming from the red districts? Three, if the lockdown is prolonged in the metropolises, have we calculated the impact on the economy? In essence, how should India navigate a health emergency and an economic crisis — both unprecedented in its nature and magnitude? 75649443Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council, resorts to Greek mythology to explain the dilemma India is in and the possible way out for it. Homer’s hero Odysseus, Debroy says, chose to sail closer to the sea beast Scylla and lose a few sailors, rather than lose his entire ship by travelling near the monstrous whirlpool Charybdis. In Debroy’s telling, the sea monster Scylla is the Covid pandemic and Charybdis is the economic toll. (See the column, “The Ship Inches a Little Away From Whirlpool”).That Greek myth could be a clue to what the Indian government is likely to do after May 17: lift the clampdown on entire districts and impose severe restrictions only on containment zones; kick-start the economy even as Covid cases and the death toll rise alongside. Says Debroy: “Mortality and morbidity apply to enterprises too; MSMEs more pronounced than most. The baseline GDP growth was already in slowdown mode and a capital crunch was compounded by lockdown’s labour constraint. There were both supply and demand shocks. That Scylla/Charybdis metaphor is apt, because Homer’s account tells us what Odysseus did.” 75649534“All the big cities are in red zones. Even if a factory opens in orange or green zone, who will it produce for? Red zones cannot turn orange quickly. So will you not allow the sale of nonessential items in red zones?” Arvind Mediratta, MD & CEO, Metro Cash & Carry.The worry about the nation’s economic health is palpable. If the lockdown continues in the commercial hubs any longer, the losses will pile up for many companies; the smaller firms likely to go under first. It will have a debilitating effect on the economy in general and jobs in particular. The Indian economy would be on the ventilator then.As those cement-carrying rakes show, there are many factories in orange and green zones as well, miles away from city limits. Work can begin there, and some have already started production. 75649555“There is total disruption. Supply chains are badly affected. Liquidity is a big issue. The govt must announce a stimulus package. I also urge the govt to stop the imports of all products that can be made in India” Gautam Singhania, CMD, RaymondBut the million-rupee question is, who are they producing for? The 130 districts in the red zone are critical centres of not just production but also consumption. Even as they account for 41% of national economic activity, 38% of industrial output and 40% of non-farm employment, they also have half of India’s consuming-class households — those with an annual disposable income of more than Rs 4.85 lakh each — according to a recent McKinsey report titled “Reopening India: Implications for Economic Activity and Workers”.Breaking the Value ChainFurthermore, dividing swathes of the country into zones and restricting movement of goods and people will have a disastrous effect on production, labour, supply and distribution chains, which are deeply intertwined. In the textiles sector, for example, if cotton is bought in the western parts of India, yarn is spun in the north and west, while weaving mostly takes place in the south, and apparel is manufactured in clusters in the north and south, as the McKinsey report further points out. Similarly, in the chemical industry, the acetic acid value chain supplies to a variety of industries such as pharmaceuticals, pesticides, paper, food processing and construction. Any blockage will have a ripple effect on sectors.Arvind Mediratta, managing director and CEO of Metro Cash and Carry, says dividing the country into colour-coded districts is unrealistic and the rules guiding it are arbitrary. “It seems those who designed it (colour-coded zones) are not aware of ground realities. All the big cities are in red zones. Even if a factory opens in orange or green zone, who will it produce for? Also, the implementation on the ground is arbitrary. In red zones today, you can buy liquor but not kitchen items,” says Mediratta.Mohit Anand, managing director of Kellogg, South Asia, says solutions have to be found locally. “Each region has its own issues, each warehouse and factory has a different problem. India is like 21 countries put together and, hence, the solutions also have to be hyperlocal in nature,” he says. In red zones, not only are malls and market places shut but ecommerce firms are barred from selling non-essential items. An Amazon spokesperson says when restrictions were lifted, the company saw a huge demand from orange and green zones for smart devices, kitchen appliances, baby clothes and products related to study-from-home. “The opening up of these areas for ecommerce has meant that thousands of small businesses received orders for the first time in the past many weeks of lockdown,” the spokesperson adds. Consumers and businesses in the red zone, meanwhile, have to wait. 75649590“MMCAS (manufacturing, mining, construction and allied services) constitutes about 50% of GVA and about 35% of employment. This segment must be freed up, even in red zones” Arvind Virmani, Former chief economic adviser.Out of WorkThe lockdown has seen a massive reverse migration of workers. Deprived of work and wages for weeks, hundreds of thousands of labourers have left cities. In sheer desperation, many hid in trucks and freight trains and trudged hundreds of kilometres to reach home. It was only after 40 days of lockdown that the government arranged special trains for them— by Saturday, 302 trains have ferried around 3.4 lakh migrant workers to their native states.Some states are worried about reverse migration at a time when factories are reopening and life in green pockets are returning to normalcy. Karnataka even made an abortive attempt to stop such special trains to stonewall the return of migrant labourers. Rajasthan Deputy Chief Minister Sachin Pilot says workers should be persuaded to stay back. He says: “There is a cost to the migrants’ travelling back to their native districts. Once a worker goes home, she won’t return in the next three-four months. I feel that only those who are desperate and determined to return home should go; the rest should stay back, taking temporary jobs. They won’t be gainfully employed in their native areas.” The loss of workforce will particularly affect states such as Maharashtra, Delhi, Andhra Pradesh, Telangana, Karnataka and Kerala that rely heavily on migrant workers in construction and services sectors. 75649620“After Covid-19 there will be new normals: new models of engagement between companies and their clients” Keshav Murugesh, Group CEO, WNS Global ServicesMontek Singh Ahluwalia, former deputy chairman of the Planning Commission, says labourers will not return to cities anytime soon, and it will be one of the factors that will prolong the economic pain. He says green and orange zones cannot help in economic revival “as 60% of the economy is in the red zone”. Even if restrictions in all the zones are lifted, he says, it will take some more time for economic activity to get back to normal. “The reverse migration that has taken place may not be quickly reversed. Recession in the world economy and reduced level of remittances will have a negative impact. Private sector investment plans which have been interrupted will take time to resume. That is why many analysts are predicting that we may see negative growth in 2021, with recovery beginning only next year,” Ahluwalia adds.In this pervasive gloom, some indicators offer flickers of hope. Bengaluru-based trucking platform BlackBuck has seen a spike in bookings on the back of a good harvest. The agri pickup is likely to continue into the kharif season, with the India Meteorological Department forecasting a good monsoon. Cofounder Rajesh Yabaji says: “We have seen 80,000 bookings since we opened up our commission-free platform in April-end. Now, we estimate truck traffic to be at 50% of pre-lockdown trucking movement.”On April 29 and 30, two freight trains originating from Karnataka ferried about 350 new tractors to Rajasthan and Gujarat, responding to demand in western India ahead of the kharif season.Companies are ramping up production of agri-related items to meet seasonal demand from rural India. Hemant Sikka, president, farm equipment sector, Mahindra & Mahindra, says the company has resumed production in its tractor plants in Rudrapur (Uttarakhand), Nagpur (Maharashtra) and Mohali (Punjab) after getting necessary approvals. 75649661“With dealerships opening up, bounty harvest and forecast of a normal monsoon, the tractor industry will perform well” Hemant Sikka, President, farm equipment sector, Mahindra & Mahindra.“The highest levels of safety protocols and social distancing are being ensured at the plants, especially on the shop floor. With dealerships gradually opening up, a bounty harvest and forecast of a normal monsoon, I am positive that the tractor industry will perform well and ensure rural growth and prosperity during the year,” says Sikka.Farming sector is likely to get a boost this year with labourers who are back from the cities lending a hand on the fields. The number of people engaged in work under NREGA (National Rural Employment Guarantee Act) has swelled multiple times. In Rajasthan, as against 62,000 NREGA workers on April 18, there were 16.5 lakh on May 5. All of them are engaged in their own farmland, receiving Rs 220 daily from the government.While agriculture could be a sector to watch out for in the coming months, the Covid-19 crisis will inflict a body blow to sectors such as hospitality and tourism, which are likely to remain dormant for quite some time even after the lockdown is lifted. 75649456After Covid The post-Covid world will be vastly different from the before-Covid universe we have left behind. Keshav Murugesh, group CEO of WNS Global Services and former chairman of Nasscom, says there will be “new normals”. Clients and BPO companies will come up with ingenious models of engagement. Work from home could become the norm even if it leads to productivity loss. “At WNS, we are in no hurry to go back to office in May although work from home would mean productivity would drop to 85%,” says Murugesh, adding that uninterrupted power supply at homes is essential for making the model a success in the longer term.Saugata Gupta, managing director of consumer goods company Marico, says they are strategising on new pricing to sell their products effectively in a post-Covid environment. “We have to be cognisant of the fact that with mounting pressure on consumers’ disposable income, there will be a risk of downtrading. So, one has to be very careful on pricing, and we have to ensure a good value to consumers. Any gains on input costs need to be passed on to consumers,” says Gupta, adding that the opening up of green zones is good news for them as many of their products are popular in rural markets. 75649645“Each region has its own problems. India is like 21 countries put together, and solutions also have to be hyperlocal in nature” Mohit Anand, MD, Kellogg, South AsiaGautam Singhania, chairman and MD of Raymond, says there seems to be a communication gap between the Centre and states. He says: “There is total disruption. The supply chains are badly affected. Liquidity is a big issue and banks are not willing to pump in cash now. It is high time the government took this up, and announced a stimulus package.” He proposes a ban on imports. “For one year, we should follow the motto of buying only Indian products. I urge the government to stop imports of products that can be made in India. This is a question of survival.”India Inc, by and large, has come to terms with the new reality that till a vaccine for Covid-19 is discovered, the companies will be forced to shed some productivity by allowing employees to work from home and by deploying fewer labourers to ensure social distancing.The government, however, cannot remain in stasis till a vaccine is discovered. It has to take a call on whether a blanket ban on economic activities in red districts is the way forward. Former chief economic adviser Arvind Virmani says economic activities should be allowed in red zones. “We estimate that MMCAS (manufacturing, mining, construction and allied services) constitutes about 50% of GVA (gross value added) and about 35% of employment. This segment of economy must be freed up entirely, even in red zones, with restrictions such as physical distancing,” he says.The virus is not going away anytime soon. The hastily drawn colour codes will have to be smudged away now. Otherwise, an economic contagion will be upon us.Read More1. Our first objective is to provide value to customers: Saugata Gupta, MD, Marico2.Economy likely to show negative growth in current year: Montek Singh Ahluwali3. Rajasthan’s thrust will be on textile, agriculture and domestic tourism: Sachin Pilot4. With a phased opening, India tries to avoid a grave economic toll: Bibek Debroy Full Article
policy Exide Life's term policy sales jump 200% in April due to COVID-19: COO By economictimes.indiatimes.com Published On :: 2020-05-08T14:58:53+05:30 However, Ashwin B added that there has been a significant drop in sales of non-term policies, witnessing a decline of 50 per cent. Full Article
policy How PhonePe's coronavirus insurance policy works By economictimes.indiatimes.com Published On :: 2020-04-09T10:03:22+05:30 This coronavirus insurance policy is priced at just Rs 156 with an insurance cover of Rs 50,000 for a person aged under 55 years and the cover is applicable at any hospital offering Coronavirus treatment. Full Article
policy Should you buy a coronavirus-specific insurance policy? Here's a comparison of those available By economictimes.indiatimes.com Published On :: 2020-04-13T06:30:00+05:30 Spurred by the insurance regulator to come up with Covid-specific products, several such plans have flooded the market in the past month or so from players such as Star Health & Allied Insurance, Bharti AXA Health Insurance, etc. Full Article
policy BHARTI AXA General Insurance to offer ‘pay as you drive’ motor insurance policy By economictimes.indiatimes.com Published On :: 2020-04-29T12:21:03+05:30 Notably, Bharti AXA General Insurance’s proposal for a usage-based motor insurance product was shortlisted by the Insurance Regulatory and Development Authority of India for its regulatory sandbox project. Full Article
policy RBI monetary policy: Factors to watch out for By economictimes.indiatimes.com Published On :: 2020-02-06T10:38:51+05:30 RBI monetary policy: Factors to watch out for Full Article
policy RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered" By economictimes.indiatimes.com Published On :: 2020-04-09T23:23:52+05:30 RBI's Monetary Policy Report forecasts global recession, says India's growth outlook "drastically altered" Full Article