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India’s household debts surge on back of housing loans, rising trend of unsecured lending
As per the report, as of FY23, India's household debt has reached...
Combination of EVs, hybrids, plug-in-hybrids will drive India’s clean energy auto sector: Report
As per the report, the Indian EV market has seen tremendous growth....
India’s COVID-19 emergency is wake-up call to Africa -AU health chief
African nations generally do not have sufficient numbers of health care workers, hospital beds, oxygen supplies, and the continent of 1.3 billion would be even more overwhelmed than India if cases surged in a similar way, said John Nkengasong, head of the Africa Centres for Disease Control and Prevention.
“We are watching with total disbelief…What is happening in India cannot be ignored by our continent,” he told reporters.
Chubb and Marsh partnership to provide $150 million cover for the COVAX Program for 92 low and middle-income countries
Through Chubb’s and Marsh’s collaboration, up to $150 million in insurance is provided for the COVAX No Fault Compensation Program to cover compensation payments to eligible individuals in the 92 lower-income countries and economies, known as the Gavi COVAX Advance Market Commitment (AMC) eligible economies.
Insurance broker Marsh led the global placement of the bespoke solution. Chubb is the lead insurer, supported by a further 10 insurers located in the U.S., U.K., Germany, Ireland, Switzerland and Bermuda.
Increased cancer risk for petroleum industry workers and people living near plants: New UN study
The findings add to increasing evidence of the health consequences of air pollution from petroleum extraction and refining.
India has one of the lowest Covid mortality rates in world: Vardhan
Health ministry releases revised guidelines for home isolation of mild Covid-19 cases
Elderly patients aged more than 60 years and those with co-morbid conditions such as hypertension, diabetes, heart disease, chronic lung or liver or kidney disease, cerebrovascular disease etc shall only be allowed home isolation after a proper evaluation by the treating medical officer, it added.
In case of falling oxygen saturation levels or shortness of breath, the person should require hospital admission and seek immediate consultation with the treating physician or surveillance team.
Past Covid-19 infection does not fully protect young people against reinfection: Lancet
“As vaccine roll outs continue to gain momentum it is important to remember that, despite a prior Covid-19 infection, young people can catch the virus again and may still transmit it to others,” said Professor Stuart Sealfon, of Icahn School of Medicine at Mount Sinai, a senior author of the study.
“Immunity is not guaranteed by past infection, and vaccinations that provide additional protection are still needed for those who have had Covid-19,” Sealfon said.
1 in 4 global Covid-19 deaths occurred in Americas: Pan American Health Organization
“One in four Covid deaths reported worldwide last week took place right here, in the Americas. Nearly every country in Central America is reporting a rise in infections,” said Pan American Health Organization (PAHO) Director Carissa Etienne..
For the first time, Canada’s infection rates have surpassed the US Covid-19 infection rates, the PAHO director informed.
The surge of infections is being led by new Covid-19 variants, which slow vaccination rollouts, due to lack of vaccine availability, are also providing major setbacks for a number of countries in the Americas.
India will need 5 lakh ICU beds, 3.5 lakh medical staff in next few weeks, says Dr Devi Shetty
While most of the newspaper headlines and prime time television coverage has been over the lack of oxygen for the patients in ICUs, “I am having sleepless nights for the next headline, which is going to be that patients are dying in ICUs because there are no nurses and doctors to take care of the patients. And this is going to happen. I do not doubt it now,” said Dr Devi Prasad Shetty, the chairman and founder of Narayana Health, a chain of 21 medical centres in India, in his online address at the Symbiosis Golden Jubilee Lecture Series in Pune recently.
At present, India has only 75,000 to 90,000 ICU beds and almost all are already occupied – when the second wave of the pandemic hasn’t even reached its peak yet, he said. India is reporting about 3.5 lakh cases a day, and some experts say the number could go up to 5 lakh cases daily at its peak.
COVID-19: India records new daily high of 3,86,452 cases, 3,498 new fatalities
Registering a steady increase, the active cases have increased to 31,70,228 comprising 16.90 per cent of the total infections, while the national COVID-19 recovery rate has further dropped to 81.99 per cent.
IRDAI panel makes various suggestions on retail engineering insurance products
On sum insured definition for retail segment for engineering products, it said: “Considering a near unanimous view from all stakeholders, the panel suggests Sum Insured limit of up to Rs 50 crores is recommended for retail segment”.
The group, as per the report, opined that the retail products with standard wordings with uniform coverage of a good range of essential covers are needed to give a comprehensive protection boost to the SME and MSME sector entities and units.
The products should be offered by all Indian insurers without any changes or modifications, it said.