Investors have shown confidence in SIPs, with inflows surging to an...
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FPIs pour 57,300-cr in equities in Dec on political stability, robust economic growth
The robust inflow from FPIs into the Indian stock markets can be...
Telangana CM announces Rs 5 lakh accident insurance policy for gig workers, cab, auto drivers
According to an official release, Telangana Chief Minister A...
China’s Wuhan lockdown ends, but another begins as local coronavirus cases rise
Asymptomatic patients and imported infections have become China’s chief concern.
Mainland China’s new coronavirus cases doubled in 24 hours as the number of infected overseas travellers surged, and new asymptomatic infections more than quadrupled.
Climate-change effects to drive rising losses from severe weather events:Sigma study
Worldwide, economic losses from natural and man-made disasters in 2019 were USD 146 billion, lower than USD 176 billion in 2018 and the previous 10-year annual average of USD 212 billion. The global insurance industry covered USD 60 billion of the losses, compared with USD 93 billion in 2018 and USD 75 billion on average in the previous 10 years.
“To uphold the insurance risk transfer model as a powerful tool to foster resilience, insurers need to adapt before, not post events,” Martin Bertogg, Head of Catastrophe Perils at Swiss Re said. “To this end, insurers should be wary of historical loss records in understanding today’s state of the socio-economic environment and climate. Averaging out over a past spanning multiple decades can lead to distorted risk assessment.”
India allows limited exports of anti-malaria drug after Trump warns of retaliation
Use of hydroxychloroquine has soared as the United States has quickly become the epicentre of the pandemic, though doctors prescribing it have no idea whether it works.
U.S. fatalities from COVID-19, the respiratory disease caused by the virus, hit 10,902 on Monday, rapidly closing in on Italy and Spain, the countries with the greatest loss of life to date, according to a Reuters tally of official data.
WHO warns masks are no ‘silver bullet’ to end pandemic
The WHO said that calls for the public to wear masks in the fight against the virus can be justified when other measures like hand-washing and physical distancing are difficult.
Centre ‘thinking’ of extending COVID-19 lockdown
A final decision on the date from which the lockdown will begin to be lifted and the manner in which it would be done now hinges on the data to be provided by ICMR and National Disaster Management Authority (NDMA) – likely in three days – on the spread and likely progression of Covid-19 cases in the country, the sources said.
Bajaj Allianz General launches its Arogya Sanjeevani Policy,a Rs 5 lakh cover to cost between Rs 3,700-Rs49,900
• Example 1: If a 35 year old man buys a policy for his spouse (32 years) and a kid ( 5 years) for a Sum Insured of Rs. 5 lakh, the premium of the policy will be Rs. 13,260 on individual basis and for family floater the premium will be Rs. 10, 920
•Example 2: For a Sum Insured of Rs. 3.5 lakh, a 35 year old individual can buy this policy by paying premium of Rs. 5,600.
Millions of aviation jobs at risk, airlines can’t afford refunds: IATA
IATA said about $35 billion of tickets were due for refund at the end of the second quarter, and vouchers or a delayed refund was all airlines could offer. IATA has approached governments to ask them not to force airlines to provide cash refunds.
Passenger sues United Airlines over refusal to refund airfare despite U.S. order
Airline passengers throughout the U.S. are increasingly taking to social media to air their frustration at not being able to get refunds for trips canceled amid the coronavirus pandemic. The U.S. Department of Transportation on Friday reminded carriers that they are required to reimburse fliers for fares and fees.
Global supply chains strained as ship crews are stuck in Lockdown
Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global lockdowns have complicated travel from the Philippines, which supplies about a quarter of the world’s seafarers.
At risk is the flow of goods like food, medicine and energy via commercial shipping, which accounts for about 80% of global trade. While unseen by most consumers, restrictions on crews are among the unprecedented challenges wrought by the virus, which has ground major economies to a halt.
India asks TikTok, Facebook to remove users spreading coronavirus misinformation
In a statement, TikTok said it was “actively working with the government to support” their efforts to fight misinformation, while proactively working towards elevating credible information related to COVID-19 on its platform.
Facebook told Reuters it was taking “aggressive steps to stop misinformation and harmful content from spreading on our platforms”. It said it will remove misinformation about COVID-19, the respiratory disease caused by the coronavirus, that could contribute to imminent physical harm.