Cyril Ramaphosa,President, South Africa The legislation will...
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Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In...
“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance
Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was...
COVID-19 patients above 65 years of age more prone to reinfection, says study
“Our study confirms what a number of others appeared to suggest — reinfection with COVID-19 is rare in younger, healthy people, but the elderly are at greater risk of catching it again,” said study co-author Steen Ethelberg, from the Statens Serum Institut.
“Since older people are also more likely to experience severe disease symptoms, and sadly die, our findings make clear how important it is to implement policies to protect the elderly during the pandemic,” Ethelberg said.
Why a ban on cryptocurrency could have dire consequences for India
To enforce a ban, authorities would have to develop an intrusive surveillance system that could track all digital and internet activity in the country. Thankfully, India does not have the state capacity to pull that off. More likely, its efforts will only drive the cryptocurrency market underground.
P-notes investment climbs to 33-month high at Rs 91,658 crore in Feb
“A sharp rise in FPIs’ participation through offshore derivative instruments or P-notes in February once again vindicates growing confidence of overseas investors into domestic markets. However, we note that FPIs’ participation through P-note route has been improving in consistently since April 2020,” Binod Modi, Head Strategy at Reliance Securities, said.
Amazon starts offering healthcare service to other employers
The move shows how the No. 2 U.S. private employer is diving further into healthcare, the latest industry it has aimed to disrupt after retail, enterprise technology and Hollywood.
Piloted in September 2019 for staff near its Seattle headquarters, “Amazon Care” lets employees video-chat with doctors for diagnoses and referrals. It also facilitates housecalls and drug delivery in greater Seattle, a non-virtual benefit that Amazon said would be available in greater Washington, D.C., and Baltimore in the coming months.
Vehicle scrapping policy will be ‘win-win’ policy; to help reduce pollution: Nitin Gadkari
Making a statement regarding vehicle scrapping policy in the Lok Sabha, the Road Transport, Highways and MSMEs Minister said the policy will also lead to an increase in the country’s automobile industry turnover to Rs 10 lakh crore from the current Rs 4.5 lakh crore.
Rajya Sabha passes bill to raise FDI in insurance to 74%
“Majority of directors in the board and key management persons to be resident Indians which means every law of the land will be applicable on them. And a specific percentage of the profits is to be retained as general reserves. It cannot be (taken away),” Sitharaman said
India received FDI worth Rs 26,000 crore in the insurance sector after 2015 when the foreign investment limit was raised to 49 per cent from 24 per cent.
Pandemic pushes 32 million Indians out of middle class, says Pew Research
“India is estimated to have seen a greater decrease in the middle class and a much sharper rise in poverty than China in the COVID-19 downturn,” the Pew Research Centre said, citing the World Bank’s forecasts of economic growth.
Nearly 57 million people had joined the middle income group between 2011 and 2019, it added.
Nearly 40k coronavirus cases in India: Govt
The daily rise in infections (39,726) was the highest recorded in 110 days, while the death toll increased to 1,59,370 with 154 daily new fatalities, the data updated at 8 am showed.
Ebola infects 30, kills 15 in Guinea, DRC
New outbreaks of the deadly Ebola virus disease in the two African countries are sending new jitters to Africa as the continent is still grappling with the Covid-19 pandemic.
India reports 35,871 new COVID-19 cases in last 24 hours
Total infections have now risen to 11.47 million, the highest after the United States and Brazil. Deaths rose by 172 to 159,216, data from the health ministry showed.