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Italy, EU’s oldest country, to spend more on the elderly
Among several measures, the package envisages a so-called monthly...
Govt reaching saturation on social sector schemes for providing basic necessities to poor: FM
Finance Minister Nirmala Sitharaman Nearly 50 per cent of the...
International passenger flights remain suspended till July 15: Government
However, the restriction will not be applicable to cargo operations and flights specially approved by the DGCA.
Further, international scheduled flights may be allowed by competent authority on selected routes on case to case basis.
IRDA finalises short-term standard Covid-19 policies,asks insurers to launch them by July 10
To be mandatorily termed as “Corona Rakshak Policy’’ it has been made mandatory for all the general insurers and exclusive health insurers, while life insurers have been encouraged to launch such products(benefit based) .
The benefit based policies, to be launched by a life insurers, will have a minimum sum insured of Rs50,000 and a maximum limit of Rs.2,50,000 (in the multiples of fifty thousand).For the standard covid indemnity policies, to be launched by the domestic general insurers and exclusive health insurers, the maximum sum assured can be Rs 5 Lakh (in the multiples of fifty thousand)
Both COVID Standard benefit based health policy and indemnity based health policies should be offered with a policy term of three and half months (3 ½ months), six and half months (6 ½ months) and nine and half months (9 ½ months) i.e,105 days,195 days and 285 days respectively, clarified IRDA..
Trump administration asks Supreme court to invalidate Affordable Care Act
Thursday’s report from the government showed that about 487,000 people signed up with HealthCare.gov after losing their workplace coverage this year. That’s an increase of 46% from the same time period last year.
IMF warns markets at risk of correction after run-up
A correction could be prompted by a deeper and longer recession than currently anticipated, a second wave of the virus or reinstated containment methods. A broadening of global social unrest in response to rising economic inequality could also damage investor sentiment, the IMF said.
“We worry about scarring in the economy, meaning the crisis might be longer than expected and deeper than expected,” said Adrian. “Scarring is due to the high level of unemployment and the potential for insolvency. These are difficult to reverse.”
Thunderstorm, lightning kill 110 people in Bihar and UP
The lightning strikes were more devastating in Bihar, where 83 people have lost their lives since Wednesday, according to the figures released on Thursday by the Disaster Management Department in Patna.
More than 20 people have been injured in these incidents and hospitalised, they said.
Meanwhile, in the neighbouring Uttar Pradesh, at least 24 people died when they were struck by lightning on Thursday, while 12 were injured, officials said in Lucknow.
India registers over 17,000 COVID-19 daily cases for first time; death toll crosses 15,000-mark
India registered over 14,000 cases for the seventh day in a row and witnessed a surge of 2,99,866 infections from June 1 till 26.
“Around 58.24 per cent patients have recovered so far,” an official said
US health officials estimate 20M Americans have had virus
Thursday’s estimate is roughly 10 times as many infections as the 2.3 million cases that have been confirmed. Officials have long known that millions of people were infected without knowing it and that many cases are being missed because of gaps in testing.
ICICI Lombard’s new retail cyber cover to insure financial or reputation losses upto Rs1cr
The policy can be purchased at an affordable rate by all digitally active individuals. The premium ranges from Rs 6.5 per day to Rs 65 per day. The Sum Insured for the cover ranges from Rs 50,000 to Rs 10,000,000 as opted by the policyholder. The policy provides coverage to the entire family, including children for a duration of 1 year.
Frustration, fear and family: lockdowns test investment bankers
Global M&A volumes are down 41% so far this year, a far cry from the champagne-popping records of recent years when bankers at Goldman Sachs, JPMorgan, Morgan Stanley, Citi and Bank of America – the top five dealmakers – were the toast of Wall Street.
Massive government support for companies, particularly in Europe, is keeping many firms afloat and delaying the kind of lucrative takeover deals that have put M&A advisors at the top of the investment banking world, bankers and lawyers said.
UN chief criticises lack of global cooperation on COVID-19
Secretary-General Antonio Guterres said it’s important to use that fact to make countries understand that bringing them together, putting together their capacities, not only in fighting the pandemic in a coordinated way but in working together to have the treatments, testing mechanisms, the vaccines accessible to everybody, that this is the way we defeat the pandemic.