The National Disaster Management Authority had conceived the...
Category:
Disaster & Management
Latest
Amit Shah directs MHA, NDMA to develop comprehensive software by March 2024 carrying scientific data on disaster
Union Home Minister Amit Shah Union Home Minister Amit Shah said...
New Zealand offers to buy out owners of homes damaged by Cyclone
Together with local councils, the government will offer to buy as...
PM Modi to address the nation at 8 PM today
Today is the forty-ninth day of India’s nationwide lockdown, which is meant to stop the novel coronavirus pandemic. Known COVID-19 cases in India stand at 70,756. The death toll in India due to the outbreak has reached 2,293. Maharashtra, Gujarat, Tamil Nadu and Delhi have reported the highest number of cases.
Global commercial insurance pricing rises by 14% in first quarter
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers have woken up to the prospect of a double whammy – a sharp rise in payouts at a time of big investment losses.
Covid-19 Pandemic:World’s top 100 most valuable insurers could lose $100bn in brand value
At the time of Covid-19 Pandemic, insurance firms damaged both financially and reputationally, as they face a surge in coronavirus-related claims and risk angering customers if they refuse to pay out.Chinese brands make up half of the top 10 insurance companies, while Allianz and Axa also rank among the most valuable firms.
“The Covid-19 pandemic is going to hit the insurance sector hard – Brand Finance has predicted that insurance brands could face up to a 20 per cent drop in brand value and undoubtedly, we are going to witness revenue slowdown for all brands across the sector,” said Brand Finance chief executive David Haigh.
International tourism could decline by 60-80 per cent in 2020: UN
Arrivals in March dropped sharply by 57 per cent following the start of a lockdown in many countries, as well as the widespread introduction of travel restrictions and the closure of airports and national borders. This translates into a loss of 67 million international arrivals and about USD 80 billion in receipts (exports from tourism).
Post-lockdown flights:Aarogya Setu app must,no cabin baggage initially
The Indian Railways, which had on Monday “advised” the passengers availing the special trains that started operating on Tuesday to install the government’s Aarogya Setu mobile application, has now made it “mandatory” to do so.
Covid-19 Pandemic:PM Modi raises stimulus size to Rs 20lakh cr,modified lockdown from May 18
The package will spur business, attract investment and strengthen our Make in India Mission, reiterated Modi. The package is equivalent to 10 per cent of India’s GDP, stated Modi. The Special economic package will have emphasis on land, labour, liquidity
Covid-19 Pandemic:Insurers to see erase profits until 2021 second half, says Fitch
“The coronavirus pandemic will burden 2020/1H21 results, but will ultimately accelerate the hardening of the commercial insurance market,” said Robert Mazzuoli, Fitch analyst, in a statement in the report.
Gilead ties up with Indian phrma cos for COVID-19 drug supply
The countries consist of nearly all low-income and lower-middle income ones, as well as several that are upper-middle- and high-income, the drugmaker said. Afghanistan, India, North Korea, Pakistan and South Africa are among the countries.
The licensees will also set their own prices for the generic product they produce, Gilead said.
The licenses are royalty-free until the World Health Organization declares the end of the public health emergency regarding COVID-19, or until a product other than remdesivir or a vaccine is approved to treat or prevent COVID-19, the company said.
India’s automakers warn of up to 45% sales drop as economy slumps amid pandemic
During the meeting, auto industry executives sought tax cuts, a one-year delay in implementing certain safety and fuel efficiency regulations, and loans at low interest rates to help the sector revive production and prevent layoffs until sales and revenues pick up.
Warehousing demand in 8 major cities drops 29% in Jan-Mar, new supply down 14%: Report
Property consultant JLL India expects limited leasing activities during the second quarter of 2020 calendar year. New supply will also get deferred because of the lockdown to control the spread of COVID-19.
However, it said that “there can be gradual revival in the demand post lockdown as leases and active requests for proposals (RFPs) that were in various stages of closure may be executed.”