Category:

Disaster & Management

Covid-19 claims from govt authorised make-shift hospitals payble by insurers:IRDAI

In order to ensure that the costs of treatment of COVID – 19 are covered as per the terms and conditions of policy contract, a make-shift or temporary hospital permitted by Central / State government will be also regarded as a hospital or network provider and insurers have to settle the claims, said IRDAI on Thursday. 

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Russia trying to steal COVID-19 vaccine data, say UK, U.S. and Canada

British foreign minister Dominic Raab said it was “completely unacceptable” for Russian intelligence services to target work on the pandemic.
However,the Kremlin rejected Western allegations Russia had tried to steal COVID-19 vaccine data, Russian news agencies reported.

TASS cited Kremlin spokesman Dmitry Peskov as saying Russia had nothing to do any alleged hacker attacks on pharmaceutical companies and research institutes in Britain.

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Novartis to provide ‘no profit’ COVID-19 drugs to low income countries

“We shouldn’t underestimate the stress that COVID puts particularly on fragile health systems,” Hegemann said, adding Novartis hoped to work with health authorities, faith-based organisations and NGOs to eliminate big mark-ups. “We are not targeting classical commercial distribution channels, but very direct channels.”

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U.N. aid chief to G20 on coronavirus: ‘Step up now or pay price later’

The United Nations increased its humanitarian appeal by more than a third to $10.3 billion to help 63 states, mainly in Africa and Latin America, tackle the spread and destabilizing effects of the coronavirus. This is up from the world body’s initial $2 billion request in March, then $6.7 billion in May.

So far, Lowcock said, the United Nations has only received $1.7 billion.

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India tops a million coronavirus cases as pandemic hits villages

India recorded 34,956 new infections on Friday, taking the total so far to 1.004 million, with 25,602 deaths from COVID-19, federal health ministry data showed. That compares to some 3.6 million cases in the United States and 2 million in Brazil – both countries with populations under 400 million.

Epidemiologists say India is still likely months away from hitting its peak of cases, suggesting the country’s already overburdened healthcare system will come under further strain.

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IMF chief warns global economy ‘not out of the woods,’ dangers lurk

The IMF last month further slashed its 2020 global output forecasts, predicting a 4.9% contraction and weaker-than-expected recovery in 2021.

IMF Managing Director Kristalina Georgieva said $11 trillion in fiscal measures by G20 members and other countries, as well as massive central bank liquidity injections, have put a floor under the global economy.

Even so, dangers lurked, she said, including a major new wave of infections, stretched asset valuations, volatile commodity prices, rising protectionism and political instability.

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Russia requires firms to develop financial/insurance contingency plans for oil spills

The law makes it mandatory for companies to have sufficient financial reserves to prevent potential spills or clean them up if they occur. The financial reserves can take various forms, including an insurance contract or a letter of guarantee to pay the damage from a given accident.The law also requires companies handling hydrocarbons to draw up plans to prevent and clean up spills by Jan.1, 2024.

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Afghanistan faces ‘catastrophe’ as COVID-19 cases grow: Red Crescent

Red Crescent Secretary General Nilab Mobarez said acute protective equipment shortages and difficulties in accessing remote regions were hampering its COVID-19 response. But it was expanding mobile health teams and adding thousands of community volunteers to try and detect and prevent the disease, which it said it expected to spread over coming weeks

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