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Eco/Invest/Demography

Insured losses from Europen floods between $6 billion– $7.7 billion:RMS

The loss estimate includes insured property and business interruption loss to residential, commercial, industrial, automobile, and infrastructure lines and accounts for the potential of post-event loss amplification and extended business interruption. It excludes losses observed in the Netherlands, which sits outside of the model domain, and losses in Switzerland, Bavaria and Saxony in Germany, and Austria, which were caused outside the time window of the heaviest rainfall. 

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Crop sowing lags in India on scanty rains, raises concerns over yields

India is the world’s biggest exporter of rice and top importer of edible oils. A drop in production could not only limit rice and cotton exports, but also boost imports of edible oils such as palm oil, sunflower oil and soyoil. Indian farmers had planted 104.4 million hectares (25.8 million acres) with summer crops as of Aug. 20, down 1.6% from a year earlier, the Ministry of Agriculture & Farmers’ Welfare said in a statement.

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Covid in India maybe entering some kind of stage of endemicity: WHO’s Soumya Swaminathan

“As far as India is concerned that seems to be what is happening and because of size of India and heterogeneity of population and immunity status in different parts of country in different pockets, it is very very feasible that the situation may continue like this with ups and downs in different parts of the country, particularly where there are more susceptible population, so those groups who were perhaps less affected by first and second waves or those areas with low levels of vaccine coverage we could see peaks and troughs for the next several months,” said Chief Scientist of the World Health Organisation Dr Soumya Swaminathan.

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Better incentives for better quality healthcare providers under AB-PMJAY: National Health Authority CEO

As of now, Ayushman Bharat Scheme has been implemented in all 33 states and union territories, Dr.R.S. Sharma said. 
On the topic of fraudulent billing by hospitals, Dr R.S. Sharma highlighted, “We have a very robust IT system in place for fraud detection. Every single instance of fraud is immediately detected and investigated. We have anti-fraud software and systems deployed on our platform that immediately catches on any pattern that seems even remotely suspicious and this is investigated and appropriate action is taken.”

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