199 cases were reported in Karnataka, 148 in Kerala, 139 in...
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Active Covid cases in country recorded at 4,049
Five deaths -- two each from Kerala and Maharashtra and one from...
Resilience: Managing Stress
Some are things you can do in your daily life, such as exercise,...
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”.
Hackers demand $70 mln to restore data held by companies hit in cyberattack
The demand was posted on a site typically used by the REvil cybercrime gang, a Russia-linked group that is counted among the cybercriminal world’s most prolific extortionists.
Israel sees steep drop in Pfizer vaccine efficacy rate: Report
The government is considering reinstating additional coronavirus-related restrictions after restoring a mandate to wear masks indoors in public spaces. Officials are also discussing whether to recommend a third dose of vaccine, the report said.
Airlines can operate maximum of 65 pc pre-Covid domestic flights: Gov
The May 28 decision to bring down the cap from 80 to 50 per cent was taken ”in view of the sudden surge in the number of active COVID-19 cases across the country, decrease in passenger traffic and the passenger load (occupancy rate) factor”, the ministry had said.
9 trends to watch as aviation readies for post Covid-19 takeoff
Says Cristina Schoen, Global Head of Aviation Claims at AGCS,”Covid-19 has not been a direct driver of aviation claims over the past year .
As a result of the significant reduction in commercial airline travel during the pandemic we saw fewer attritional claims than we would during a typical year. However, the insurance sector was not immune to larger losses during the course of the pandemic, with different regions seeing tragic accidents, emergency landings and hull losses to name a few. As air travel begins to return to pre-pandemic levels we expect claims volume to rise accordingly”
Two-thirds of communicable infections animal borne, knowledge of zoonotic diseases important: Kerala Minister
She further said that besides the common zoonotic diseases, like leptospirosis, scrub typhus, monkey fever, Nipah, rabies, Japanese fever and West Nile fever, which are commonly reported in Kerala, COVID-19 also poses a threat to public health.