"JN.1 continues to cause an increasing share of infections and is...
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India records six Covid-19 deaths, 692 new cases in 24 hrs; total active caseload at 4,097
A total of 109 cases of the JN.1 sub-variant have been detected in...
Indian general insurers see record underwriting losses of Rs31,810 crore in Fy 2022-23, PSU general insurers shut 1,148 offices
The public sector insurers' underwriting losses, with OIC's largest...
Indians looking to travel in newer ways; explore nature getaways, offbeat locations: Survey
New Delhi: Indians are looking at travel in newer ways and are willing to explore flexible and nearby travel, and travel to work remotely, according to the latest Airbnb-YouGov survey conducted in May 2021. According to the survey, while the timeline for travel...
Should people with immune problems get third vaccine doses?
Since April, health care providers in France have routinely given a third dose of a two-dose vaccine to people with certain immune conditions. The number of organ transplant recipients who had antibodies increased to 68% four weeks after the third dose from 40% after the second dose, one team of French researchers recently reported.
When can masks be ditched? UK leader to revamp virus rules
”But I must stress that the pandemic is not over and that cases will continue to rise over the coming weeks. Some doctors have expressed concerns about easing restrictions further as infection rates continue to rise. But there hasn’t been an equivalent increase in COVID-19 hospitalizations or deaths, emboldening ministers who believe that Britain must learn to live with the virus and that the time is right to end the remaining restrictions.” said Boris Johnson, Prime Minister,UK
Health and Term Insurance Price Index marks a huge jump in Quarter 2
According to the report, there is a drastic shift spotted in the insurance price index of both – Term Insurance & Health Insurance. Both insurance schemes have undergone a major shift in terms of premium prices, age category, etc. in the months of April, May & June 2021.
Unlike Q1 2021, Health Insurance Price Index witnessed a major shift in the 2nd quarter with an increase of 4.87%, marking a surge of insurance premium prices to Rs. 25197 in the index value. The Insurance Price Index of Health Insurance had been constant in the last two quarters i.e. Q4, 2020 and Q1, 2021 at Rs. 24026.
India records 39,796 new COVID-19 cases, 723 deaths
The case fatality rate stands at 1.32 per cent, the data stated.
The cumulative vaccine doses administered has reached 35.28 crore under the nationwide vaccination drive, the ministry said.
“Eight States viz. Uttar Pradesh, Madhya Pradesh, Rajasthan, Tamil Nadu, Bihar, Gujarat, Karnataka, and Maharashtra have administered more than 50 lakh first dose of COVID-19 Vaccine in the age group 18-44 years”, the release stated.
India’s June services activity shrinks at fastest rate in 11-months
“PMI data for June showed quicker declines in new business, output and employment that were sharp but much softer than those recorded in the first lockdown.”
Muted demand sank the new business sub-index to its lowest since July 2020.
As a result, firms shed headcount for a seventh straight month, with the fastest reduction rate recorded in June. A Reuters poll taken around a month ago showed the job crisis may worsen over the coming year.Asia’s third largest economy, which has already recorded more than 400,000 COVID-19 deaths, is still reporting over 40,000 coronavirus cases per day, taking the total number of infections to over 30.5 million.
Increase in household debt stress is worrying: SBI report
Household debt — after taking into account retail loans, crop loans and business loans from financial institutions like commercial banks, credit societies, NBFCs and HFCs — has sharply increased to 37.3 per cent of GDP in FY21 from 32.5 per cent of GDP in FY20.
“The decline in bank deposits in FY21 and concomitant increase in health expenditure may result in further increase in household debt to GDP in FY22,” said the report. India’s household debt to GDP ratio is still lower than other countries, though there is need to supplement wage income as a percentage of GDP that has been declining.
Rural Thrust: Indian Insurance Penetration
Private insurers, mostly confining their operations to urban India, aim at making hefty profits while as public sector insurers, currently struggling for their survival, both defeating the actual purpose of delivery of insurance services to the public. Lack of trained manpower at rural level with unaggressive marketing strategy
COVID-19 recovered with one/two doses of vaccine have higher protection against Delta variant: Study
“The high transmissibility associated with Delta variant led to second wave of the pandemic in India which affected millions of people. Besides this, variant of concerns have been reported to show lower neutralisation to several approved vaccines. This has led to breakthrough infections after completion of vaccination regimen,” it said.
India to make CoWIN available to all countries: PM Mod
Asserting that vaccination is the best hope for humanity to emerge successfully from the pandemic, Modi said right from the beginning, “we in India decided to adopt a completely digital approach while planning our vaccination strategy”.