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General insurance industry’s premium rises 15% to Rs 25k in Dec 2023
In a move that supported the growth of the industry, New India...
APAC sovereigns exposed to flooding risks, have limited capacity to adapt: Fitch
In South Asia, Bangladesh is the most prone to the risk of...
COVID-19 death toll touches 1,694; cases rise to 49,391
Maharashtra, which is battling surge in COVID-19 cases, has requested the hospitals under the Railways, the Army and other Central undertakings to make their facilities in the state available to the government which is planning to ramp up the number of ICU beds
Gas leak at LG Polymers plant in Andhra Pradesh kills six, over 120 hospitalised
The commissioner of the Visakhapatnam city corporation said styrene leaked from the plant during the early hours of the morning, when families in the surrounding villages were asleep.
“Hundreds of people have inhaled it and either fell unconscious or having breathing issues,” Srijana Gummalla, Commissioner, Greater Visakhapatnam Municipal Corporation said on Twitter.
India now has 52,952 cases of coronavirus, death toll 1783: health ministry
Union Health Minister Harsh Vardhan on Wednesday expressed his concern over the high fatality rate among COVID-19 patients in some districts of Maharashtra and Gujarat and asked the states to focus on early surveillance, aggressive contact tracing and early diagnosis to reduce the number of deaths.
RMS unveils high definition models for European severe convective storm
“The multi-peril stochastic set includes over 7.5 million events, covering 17 countries, based on 50,000 years of simulations, so that we appropriately capture the spatial and temporal scale of convective storm risk in the European modelling domain,” said Mohsen Rahnama, chief risk modeling officer, RMS, said.
Recent events have shown the potential cost of this peril for the re/insurance industry, said RMS, noting that from 2013 to 2019, losses from major and attritional severe convective storms in Europe exceeded €12 billion (US$13 billion),said RMS in a statement.
Researchers double U.S. COVID-19 death forecast, citing eased restrictions
The latest forecast predicts the cumulative number of U.S. deaths from COVID-19 will run from as few as 95,092 to as many as 242,890 by Aug. 4 – with 134,475 lives lost representing the most likely, middle ground.
By comparison, the previous revision issued on April 29 put the middle-case figure at 72,400 deaths, within a range between 59,300 and 114,200 fatalities.
WHO cautions against untested COVID-19 traditional remedies
Madagascar’s president, Andry Rajoelina, is promoting a cure based on the plant. Although the herbal mix has not been scientifically tested yet, the heads of several African countries have announced placing orders, or received consignments of it.
“Even if therapies are derived from traditional practice and natural, establishing their efficacy and safety through rigorous clinical trials is critical,” the sub-Saharan Africa regional office of the WHO said in the statement.
COVID-19 death toll rises to 1,568 in India; cases climb to 46,433
According to the health ministry data updated in the morning, the highest number of confirmed cases in the country are from Maharashtra (14,541), followed by Gujarat (5,804), Delhi (4,898), Tamil Nadu (3,550), Rajasthan (3,061), Madhya Pradesh (2,942) and Uttar Pradesh (2,766)
Coronavirus health fears outweigh concern for economy: global survey
In Canada, the UK and France, 70% or more of the respondents were in favour of prioritising health concerns. In the United States, where anti-lockdown protests in some cases were encouraged by President Donald Trump, the figure was 66%.
Covid-19 Pandemic: RBI may extend moratorium on bank loans by 90 more days
Income stream will not resume due to the continuation of nationwide lockdown, the sources said, adding that so many entities and individuals will be unable to service their debt in this circumstances at the end of the present moratorium period ending on May 31.
So, extension of moratorium by another three months would be a practical approach from the regulator, a senior public sector bank official said.
t will help both borrowers and banks in these difficult times, the official added.
India should put in large enough stimulus package to revive demand: Abhijit Banerjee
The Supreme Court Tuesday refused to entertain senior Congress leader Jairam Ramesh’s plea seeking directions to the Centre and states to ensure universal coverage of food security during the Covid-19 pandemic and asked him to make a representation to the Union government.
Senior advocate Salman Khurshid, appearing for Ramesh, said the issue raised in the petition relates to food security and the petitioner himself was instrumental in the framing of the National Food Security Act of 2013.