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Tokyo court only holds utility responsible to compensate Fukushima evacuees and reduces damages
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China metals giant faces protest in Indonesia after fatal blast
The deadly blast at a furnace run by PT Indonesia Tsingshan...
Businesses can claim GST refund for cancellation of services, goods contract
The CBIC clarification comes at a time when sectors like aviation and hospitality are grappling with mass cancellation of bookings in view of the lockdown due to the pandemic. Rajat Mohan, Senior Partner at AMRG & Associates, said “this clarification would help worst-hit sectors of the business fraternity to claim a tax refund from the government, which would also have a ripple effect in the entire supply chain”.
Covid-19 prevents Indian gen insurance industry from reaching Rs 2 trillion prm mark in 2019-20,March prm falls by 10%
The industry at Rs 15,784.66 crore of premium, has degrown by 10 per cent in March while for the whole year at Rs 1,89 lakh crore of annual premium, ithas grown by 11 per cent, the lowest in recent years.
ADB triples financial aid for members to $20 billion to fight virus
This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction, and throw economies into recession, said ADB President Masatsugu Asakawa.
French insurers in talks to jointly invest 1 bln euros to help small businesses during coronavirus
Insurers have been under pressure from the French government to come up with a plan to support the economy, as most companies were left without insurance coverage for disruptions to business caused by the lockdown.
Covid-19 Crisis:IRDAI asks insurers to be cautious on dividend payments,rationalise expenses and ensure solvency margin
Emphasising on prudent management of financial resources by the domestic insurers in the days of Covid-19 pandemic and ongoing lockdown in the country, the board of insurers are advised to devise strategies to ensure that they have adequate capital and resources available with them, said Pravin Kutumbe, member(Finance & Investment),IRDAI in a circular to the insurers on Monday.
WHO says Covid-19 is 10 times more deadly than swine flu
Tedros lamented Monday that some countries are seeing a doubling of cases every three to four days, but stressed that if countries were committed to “early case-finding, testing, isolating (and) caring for every case and tracing every contact” they could rein in the virus.
More than half of the planet’s population is currently staying home as part of efforts to stem the spread of the virus, but Tedros warned that “our global connectedness means the risk of re-introduction and resurgence of the disease will continue”.
Only Ayushman Yojana beneficiaries can be tested for free in pvt labs: SC
“We make it clear that the benefit of free testing by a person can be availed only when he or she is covered under any scheme like Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana.We are also of the view that looking to the plight of persons belonging to economically weaker sections of the society, the Government may consider as to whether any other categories of persons belonging to economically weaker sections of the society can be extended benefit of free testing of Covid-19,” it said.
25 districts in 15 states have not reported new Covid-19 cases: Govt
Agarwal also said that the Core Strategy Group on Covid-19 was working on rapid and economical diagnostics as well as new drugs.
“The group has been formed, based on a detailed review of Covid-19 research, undertaken by Union Health Minister Harshvardhan along with CSIR and its 38 labs. The group is working on digital and molecular surveillance, rapid and economical diagnostics, new drugs, repurposing of drugs and associated production “ he said.
Nationwide lockdown extended till May 3:PM Modi
“There will be strict vigil till April 20.States which will not let hotspots increase, they could be allowed to let some important activities resume, but with certain conditions Relaxation may be given in safe areas post April 20,” PM Modi said.
World”s biggest lockdown may have cost Rs 7-8 lakh cr to Indian economy
All India Motor Transport Congress (AIMTC) secretary-general Naveen Gupta said the accumulated losses to truckers during the first 15 days of lockdown were about Rs 35,200 crore given an average Rs 2,200 loss to per truck per day.
“More than 90 per cent of the about one crore trucks in the country are off roads during the lockdown as truckers with only essential commodities are on the move,” he said. “Even if the lockdown is lifted, it will take at least 2 to 3 months for truckers to limp to some normal scale as we apprehend consumption of non-essential items to remain hit on the account of lack of purchasing power.”