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Andhra CM launches ‘YSR Bima’ scheme, allocates Rs 750 crore for 2021-22

“Similarly, as promised during elections, the government had brought YSR Bima, an insurance scheme to support those families who lost their breadwinner. About 1.30 lakh families have been brought under insurance coverage. Under the scheme, an insurance amount of Rs 1 lakh will be paid if the beneficiary aged between 18 to 50 years, who is a breadwinner of the family, succumbs to natural death. A sum of Rs 5 lakh will be paid if the beneficiary in the age group of 18 to 70 years dies in an accident”, said the Chief Minister.

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India’s medical infra well prepared to deal with third COVID wave: FM

A Rs 50,000 crore credit guarantee scheme for setting up of medical or health infrastructure by private hospitals in cities other than 8 metropolitan cities was also announced as part of measures for reviving the economy battered by a severe second wave of COVID-19.

The minister further said 45-50 lakh people per day are getting vaccinated and a total of 33 crore people have received vaccination.

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Insurers got 22k claims for COVID-19 deaths in FY21; no significant impact on sector financials:RBI

The claims paid ratio (provisional) stood at 98.1 per cent for individual claims and 98.6 per cent in the group category, in comparison with 96.8 per cent and 97.3 per cent, respectively, for the previous financial year, it said.

”…the pandemic did not have a significant impact on death claim settlement rates,” it said.

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European countries not supporting TRIPS waiver move to deal with COVID: Goyal

”We have tried in the WTO to promote waiver on TRIPS so that vaccines and essential medicines can be available to all in the world. “Sadly, the European countries, particularly, and many other developed countries are not supporting that move….Believe me, until all of us are vaccinated, until everybody in the world gets the benefit of modern technology, even the developed world will not be safe,” Union Minister Piyush Goyal said at a webinar of India Global Forum

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EU plans new safety rules for the workplace wherever it is

In guidelines to protect almost 170 million EU workers over the 2021-2027 period, it will also seek to produce recommendations on mental health at work before the end of 2022.

Work-related accidents and illnesses cost the EU economy over 3.3% of gross domestic product per year, the Commission said. It said estimates showed that for every euro invested in occupational health and safety, the return for the employer is around twice as much as employees take less sick leave.

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