No loss of lives were reported so far. Wednesday's earthquake...
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African insurers take up climate change fight with $14 bln pledge
The newly created African Climate Risk Facility(ACRF) will provide...
At least 6 dead as 6.3-magnitude earthquake hits Nepal; tremors felt across north India
The National Earthquake Monitoring Centre of Nepal said a...
Willis Towers Watson develops new feature for tracking pandemic cases against P&C clients’ global assets
“Asia is at a more advanced phase of the COVID-19 pandemic. After months of managing the outbreak and impact of the coronavirus here, there are encouraging indications that some countries in the region are controlling the spread of the virus, whilst others are showing signs that they are commencing the recovery process. This presents an opportunity for organisations to track the receding virus in these geographies and commence planning for the resumption of business operations as soon as it is practical. The new COVID-19 feature in the tool will be beneficial in assisting our clients and facilitate this process,” added Vince Mossfield, Liability Practice Head, Risk & Analytics Asia, Willis Towers Watson.
Caronavirus Pandemic:Sitharaman unveils Rs1.7 trillion economic package for poor,Rs 50 lakh insurance cover for health care professionals
“There will be Rs 50 lakh insurance per health care worker as a medical insurance cover for them for three months. Hopefully, we would be able to contain the virus in this period,” said Sitharaman.
Number of coronavirus cases 649 in India, death toll 13: Health Ministry
Maharashtra has reported the highest number of COVID-19 cases so far at 124, including three foreign nationals, followed by Kerala, where the number of cases has climbed up to 118, including eight foreign nationals, according to the ministry data.
India’s huge outsourcing industry struggles with work-from-home scenario
“The industry has been scrambling to set up its own business continuity plan,” said R. Chandrashekhar, a retired federal government official and a former president of India’s IT services lobby group, NASSCOM.
Life insurers keep faith in India stocks amid coronavirus mayhem
“The fair value of a quality stock doesn’t change due to a few quarters of earnings downgrades,” said Saibal Ghosh, chief investment officer at Aegon Life Insurance. “At such attractive valuations, this is where we would like to bet our money,” he said.
Coronavirus Pandemic: Experts peg lockdown cost at $ 120 billion
“We estimate that the cumulative shutdown cost around USD120 billion or 4 per cent of the gross domestic product (GDP),” British brokerage Barclays said in a note, revising down its FY21 growth forecast by 1.7 percentage points to 3.5 per cent.
It specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier.
China’s symptom-free coronavirus carriers raise fears of new wave of infections
Despite recording zero new infections from March 18 to March 22, the COVID-19 hotspot city of Wuhan disclosed on March 20 that one newly diagnosed case was not included in the official data because the patient, a 62-year old man surnamed Zhang had shown no symptoms.
One third of humanity under virus lockdown
China, where the new virus emerged last year, loosened tough rules on the 50 million people in Hubei province on Wednesday after a months-long lockdown as the country reported no new domestic cases.
The provincial capital Wuhan — the ground zero of the outbreak after it was initially detected at a market that sold wild animals for human consumption — will allow residents to leave from April 8.
China reports 47 new imported cases, Covid-19 epicentre Wuhan resumes bus services
However, the prolonged lockdown of Hubei’s capital Wuhan will end on April 8, lifting the mass quarantine over the city with a population of over 11 million.
Govt likely to unveil Rs 1.5 trn stimulus for coronavirus downturn: Report
The package, which could be announced by the end of the week, will be used to put money directly into the accounts of more than 100 million poor and to support businesses hit the hardest by the lockdown, the sources said.