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Bangladesh political instability not to impact credit quality of Indian firms: CRISIL
The report said that there has also been no significant impact on...
Russian insurance shores up cheaper oil exports to top buyer India
By using Russian insurers, Moscow can sell the oil above a $60 per...
Delhi’s popular autorickshaws become COVID-19 ambulances
The Delhi government, in association with a non-profit organization, has kitted out more than a dozen autorickshaws with hand sanitizers and face masks, while oxygen cylinders are provided on a need basis. The service, which began officially on Tuesday, is free.
RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity by 20%: Crisil
”Increased availability of funds at low cost will incentivise hospitals to augment beds, oxygen storage, ICUs and critical medical equipment,” its chief ratings officer Subodh Rai said.
If half of the Rs 50,000 crore window is utilised by augmenting hospital beds, the number of beds will go up by 15-20 per cent of the current capacity, he added.
India’s daily COVID-19 cases rise by record 414,188
India’s healthcare system is crumbling under the weight of COVID-19 patients, with hospitals running out of beds and medical oxygen. Morgues and crematoriums can not handle the number of dead and makeshift funeral pyres burn in parks and carparks. Although northern and western India bear the brunt of the disease, the share of the five southern states in the country’s daily surge in infections rose from 28% to 33% in the first seven days of May, data shows.
‘Turning the Corner’: U.S. COVID outlook reaches most hopeful point yet
Americans have entered a new, hopeful phase of the pandemic. Buoyed by a sense that the coronavirus is waning, in part because of vaccinations, more people are shrugging off masks, venturing into restaurants and returning to their pre-pandemic routines. Mayors, governors and other local officials — once the bearers of grim news about the virus’s toll and strict rules for businesses — have joined in the newfound optimism, rapidly loosening restrictions.
Public health experts remain cautious, but said that while they still expect significant local and regional surges in the coming weeks, they do not think they will be as widespread or reach past peaks.
India reports highest-ever single-day spike with 4,12,262 new COVID-19 cases, 3,980 deaths
As many as 3,980 patients succumbed to the infection during the last 24 hours, taking the total COVID-related death toll to 2,30,168. India registered a total of 3,29,113 recoveries in the last 24 hours. The total number of recoveries in the country now stands at 1,72,80,844.
India’s struggle to track new Covid-19 variants could worsen the crisis
Variants are already outracing vaccination progress in many parts of the world, fueling bigger outbreaks that spread faster. While some rich nations that secured effective vaccines early have seen their epidemics wane, the virus is still spreading like wildfire in developing economies, prolonging the pandemic.
PIL for vaccination centres at RWAs, NGOs offices; HC asks authorities to treat it as representation
A bench of Chief Justice D N Patel and Justice Jasmeet Singh asked the authorities concerned to treat the plea as a representation and take a decision in accordance with the law, rules, regulations and government policy applicable to the case.
‘Human catastrophe’ as India’s Covid-19 surge spreads to Nepal
“What is happening in India right now is a horrifying preview of Nepal’s future if we cannot contain this latest Covid surge that is claiming more lives by the minute,” said Netra Prasad Timsina, chair of the Nepal Red Cross.
US reissues travel advisory urges Americans not to travel to India
“Do not travel to India due to COVID-19. Exercise increased caution due to crime and terrorism,” the State Department said on Wednesday in its latest travel advisory that looked identical to the one issued on April 28.
Both the travel advisory has been marked ‘Level 4’ which is the highest warning level.
Foreign players can invest upto 74% in Indian insurance sector soon:Irda Chief
“We are committed to usher in risk-based capital (RBC) framework, which is more objective and beneficial for insurers that manage risk well. It should be possible to change over in a period of 3 years. We also plan to synchronise with the new accounting standard Ind AS 117 based on IFRS-17,” explained said Subhash Khuntia, chairman, IRDAI in an interview with Asia Insurance Post..