Hiroshi Shimizu, president, Nippon Life Insurance ``India is an...
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Domestic PV sales soar to record high of 42 lakh units in FY24: SIAM
In the three-wheeler segment, the industry is almost close to the...
Israel bracing for potential direct attack from Iran in days
The assault from Iranian soil has emerged as one of the main...
China starts once-a-decade census of world’s largest population
The national birth rate last year was the slowest since the founding of Communist-ruled China in 1949, with many Chinese today choosing smaller families amid rising living costs.
The government estimates the 2020 census could update the population to 1.42 billion, a 5.99 percent increase.
GIC Re expects a price rise of 10-15 % in Jan 1 renewals, to implement Lloyd’s best practices:Srivastava
“We don’t have Business Interruption(BI) claims in India because of the lockdown in the country as General Insurance Council(GI Council),the official representetive body of the Indian resurers and general insurers, with the advise of the Indian insurnace regulator IRDAI has clarified that no BI claims are admissible, without physical damages, because of Covid-19 Pandemic.We have some BI exposures in the overseas markets like Europe and we are waiting for clarity to make payments. But we have already provided for it and it is unlikely to put pressure on our balancesheeet,” said Devesh Srivastava, Chairman-cum-Managing Director in an exclusive interview with Asia Insurance Post.
`GIC Re is in favour of participation of other global reinsurers in the Indian “Pandemic Pool’’he said
Delhi witnesses coldest October in 58 years
On Thursday, Delhi recorded a minimum temperature of 12.5 degrees Celsius — the lowest in the month of October in 26 years. The last time Delhi recorded such a low temperature was in 1994.The national capital had recorded a low of 12.3 degrees Celsius on October 31, 1994, according to the IMD data.
Pandemic takes a worrying turn across Europe sending hospitals reeling
Hospitalizations skyrocketed in more than a dozen countries in Europe, with admissions soaring beyond the peak reached last spring in a swathe from Austria to Portugal. In the U.S., where new daily cases topped a record 92,000 Friday, hospitalization rates have climbed 12% over the past month, with more than one in six inpatients in South Dakota having the coronavirus, government data show.
France, Germany and Belgium will clamp down on movement for at least a month, approaching the stringent lockdowns in the spring as Europe seeks to regain control of the crisis. France reported 49,215 new cases Friday, more than six times the level a month ago. The government plans to spend an additional 2.5 billion euros ($2.9 billion) preparing hospitals for the disease, which President Emmanuel Macron said may cause 9,000 patients to fall critically ill by mid-November.
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Telangana EV Policy: First two lakh e-2 wheelers exempted from road tax, registration fee
“To make Telangana a major base for EV and ESS (energy storage system) sectors and to attract investments worth USD 4.0 Billion and create employment for 120,000 persons by 2030 through EVs in shared mobility, charging infrastructure development and EV and ESS manufacturing activities,” the policy said
India’s COVID-19 caseload goes past 81 lakh with 48,648 fresh infections
A total of 74,32,829 people have recuperated from COVID-19 so far, taking the national recovery rate to 91.34 per cent. The case fatality rate has dropped to 1.49 per cent.
The number of active COVID-19 cases remained below 6 lakh for the second consecutive day.
There are 5,82,649 active cases of coronavirus infection in the country, which comprise 7.16 per cent of the total caseload, the data stated.
Where’s the meat? UK’s first vegan butchers launches
Demand for vegan products has surged in recent years in Britain, with increasing numbers of people cutting out animal-derived ingredients completely, while others reduce the amount of meat and dairy they consume each week.
Law firm EMW reported a 128% jump in new trademarks registered for vegan food in the UK last year, with both large corporates and small companies registering such trademarks as vegan ice cream and pastries.
Johnson & Johnson plans to test its COVID-19 vaccine in ages 12-18 soon
“We plan to go into children as soon as we possibly can, but very carefully in terms of safety,” J&J’s Dr. Jerry Sadoff told a virtual meeting of the U.S. Centers for Disease Control and Prevention’s (CDC) Advisory Committee on Immunization Practices on Friday.
Philippines evacuates nearly 1 million as world’s strongest 2020 typhoon approaches
It is among the strongest typhoons to hit the Philippines since Haiyan, which killed more than 6,300 people in 2013.
“We are having a hard time with COVID-19, and then here comes another disaster,” Senator Christopher Go, the top aide of President Rodrigo Duterte, told a virtual news conference.
Global coronavirus cases rise by single-day record of half a million
The global coronavirus tally stands at 44.7 million cases and about 1.17 million deaths.
Europe, North America and Latin America account for over 66% of global cases and over 76% of global deaths.
Europe’s new daily infections have doubled over the past two weeks as it reported more than 250,000 cases for the first time on Wednesday, according to a Reuters tally.
The region has so far reported about 9.5 million cases and about 261,000 deaths.