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Surging India virus cases may derail recovery but ratings outlook stable-S&P

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

S&P Global Ratings said on Friday its outlook on India's sovereign debt remained stable, even though surging COVID-19 cases could threaten the strong economic recovery it has seen so far. The rating agency, however, said the second wave should not hit the...

Delhi’s popular autorickshaws become COVID-19 ambulances

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  New Delhi: It's not the most conventional way to get to hospital, but with Delhi running short of ambulances, authorities have turned some of the city's ubiquitous three-wheeled autorickshaws into makeshift ambulances to ferry COVID-19 patients. Actual...

RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity by 20%: Crisil

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  Mumbai: Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20 per cent as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday. The window to banks under priority-sector...

Life insurers’ new business premium up 45% at Rs 9,739 cr in Apr

by AIP Online Bureau | May 7, 2021 | Indian News, Life

New Delhi: Life insurance companies logged nearly 45 per cent growth in their cumulative new business premium at Rs 9,738.79 crore in April 2021, Irdai data showed on Friday. All 24 life insurers had collected Rs 6,727.74 crore as new business premium during the same...

BBB selects Mini and Pattanaik as MDs of LIC

by AIP Online Bureau | May 7, 2021 | Indian News, Life

  Mumbai: The Banks Board Bureau, the head haunting agency for selecting Chairmen,CEOs and MDs of public sector banks and insurance companies,on Friday, has chosen Ipe Mini and B.C. Patnaik as managing directors of the Life Insurance Corporation...
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