George Attard, chief executive officer, Reinsurance Solutions, Asia...
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Global protection gap reaches a new high of $1.8 trillion in 2022
`We see the world economy today as in need of a sustained reload in...
Hurricane Outlook: 2023 to consist of 12 to 17 named storms, 5 to 9 hurricanes and 1 to 4 major hurricanes
“The upcoming Atlantic hurricane season is expected to be less...
Prices of N-95 masks down by up to 47 per cent after NPPA advisory
“Government is striving to ensure uninterrupted supply of N-95 masks in adequate quantity in the country. For this, the government is procuring the largest chunk of the N-95 masks directly from the manufacturers/ importers/ suppliers at bulk rates,” the statement said.
Busy Atlantic hurricane season predicted for 2020
HOUSTON: U.S. forecasters expect an above-normal 13-19 named storms during the 2020 Atlantic hurricane season, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center said on Thursday.NOAA forecasters estimate three to six...
Record 6,977 new COVID-19 cases in India in last 24 hours; death toll climbs to 4,021
Of the 154 deaths reported since Sunday morning, 58 were from Maharashtra, 30 from Delhi, 29 from Gujarat, nine in Madhya Pradesh, eight from Tamil Nadu, six from Uttar Pradesh, four from Telangana, three each from Rajasthan and West Bengal, two from Bihar and one each from Punjab and Uttarakhand.
More patients than beds in Mumbai as India faces surge in virus cases
India has 0.5 beds per 1,000 people, according to the latest data from the Organisation for Economic Co-operation and Development (OECD), up from 0.4 beds in 2009, but among lowest of countries surveyed by the OECD. In contrast, China has 4.3 hospital beds per 1,000 people and the United States has 2.8, according to the latest OECD figures.
While millions of India’s poor rely on the public health system, especially in rural areas, private facilities account for 55% of hospital admissions, according to government data. The private health sector has been growing over the past two decades, especially in India’s big cities, where an expanding class of affluent Indians can afford private care.
How India, Singapore are contributing to a COVID-19 vaccine race
India’s Pune-based Serum Institute is not only India’s largest biotech company but one of the world’s largest. It has the capacity to produce 1.5 billion doses of vaccine annually. It is currently working on three projects to produce COVID-19 vaccines – one is with UK’s Oxford University, another with US-based biotech Codagenix, and it is also working on its own vaccine. To save time, it is taking the risk of preparing part of its facilities to be ready to produce between 20-40 million doses as soon as in September although one or more of the vaccines being worked on may not succeed in clinical trials or be approved by health authorities.
Singapore was involved in the international clinical trial of the Gilead Sciences drug remdesivir which was initially developed to treat Ebola. Around 100 patients in Singapore were enrolled in the US National Institute of Allergy and Infectious Disease (NIAID) led international trial which had about 1,000 patients taking part globally. The trial showed that remdesivir significantly improved recovery prospects of COVID-19 patients.
Oxford University Covid-19 vaccine trial has 50 per cent chance of ‘no result’
“How quickly we reach the numbers required will depend on the levels of virus transmission in the community. If transmission remains high, we may get enough data in a couple of months to see if the vaccine works, but if transmission levels drop, this could take up to 6 months,” the university said
Finance Ministry Not Considering Calamity Cess on GST
Ministry sources said that in the present economic scenario during the COVID-19 pandemic, any purported proposal of introducing a calamity cess would be nothing less than an adversity itself.
After rush to exit India in March & Apr, FPIs invest Rs 9k cr in May so far
“Attractive valuation after the sharp correction in the equity markets this year, and significant depreciation of Indian rupee against USD provided FPIs a good entry point,” saidHimanshu Srivastava, Senior Analyst Manager Research, Morningstar India.
Record 6,767 new COVID-19 cases in India in last 24 hours; death toll climbs to 3,867
Of the 147 deaths reported since Saturday morning, 60 were in Maharashtra, 27 in Gujarat, 23 in Delhi, nine in Madhya Pradesh, seven in Rajasthan, five in Tamil Nadu, four each in West Bengal and Telangana, three in Uttar Pradesh, and one each in Andhra Pradesh, Jammu and Kashmir, Karnataka, Uttarakhand and Jharkhand
Coronavirus patients not infectious after 11, say experts
A positive test “does not equate to infectiousness or viable virus,” a joint research paper by Singapore’s National Centre for Infectious Diseases and the Academy of Medicine, Singapore said. The virus “could not be isolated or cultured after day 11 of illness.”