Category:

Health

Free vaccine, foodgrains to cost govt up to Rs 1.45 lakh cr

Prime Minister Narendra Modi’s announcement of providing free inoculation to all adults will entail total spending of anywhere between Rs 45,000 crore and Rs 50,000 crore. This is higher than Rs 35,000 crore that the government had budgeted.Extending 5 kg of wheat or rice and 1 kg of pulses every month to nearly 80 crore beneficiaries till November will cost between Rs 1.1 lakh crore to Rs 1.3 lakh crore.

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Banks offering higher interest rates on FDs to encourage COVID-19 vaccination

City-based UCO Bank said it is offering 30 basis points or 0.30 per cent higher rate on fixed deposits of 999 days for applicants who have received at least one dose of a Covid vaccine.Central Bank of India had also recently launched the Immune India Deposit Scheme with an additional interest rate of 25 basis points above the applicable card rate for those who have been vaccinated.

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General Insurance industry likely to grow cautiously in FY2022; underwriting losses set to rise : ICRA

The private sector players had a higher growth trajectory in FY2019 and FY2020; and have gained market share from the PSU players. The private sector reported a 8% Y-o-Y increase in GDPI at Rs. 1.1 trillion in FY2021. Private sector players were able to adapt to the changing business dynamics in CY2020 at a faster pace compared to the PSU players. Private sector with a relative better risk framework was able to increase the market share in fire segment, and health segment. In addition, the private sector also has a higher share in crop insurance underwritten in FY2021.

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Govt sets maximum price of vaccines for private hospitals: Covishield Rs 780 a dose, Covaxin Rs 1410

”The private hospitals may charge up to a maximum of Rupees 150 per dose as service charges. State governments may monitor the price being so charged,” the ministry said.

The ministry also requested states and union territories to regularly monitor the prices being charged by the private CVCs from the citizens.

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Emerging risks set to shape a post-COVID-19 world:Swiss Re

COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion

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Centre to provide free COVID vaccines to states for all above 18; Service charge for pvt hospitals capped at Rs 150/dose: PM

The change in the government’s vaccine strategy comes days after the Supreme Court asked the Centre to place on record all relevant documents and file notings reflecting its thinking culminating in the COVID-19 vaccination policy, and states questioning the central government over the alleged shortage of vaccines.
While India will have 53.6 crore doses between January and July, the availability of vaccines will increase to 133.6 crore doses between August and December with more firms supplying jabs and ramping up of production from the existing companies..

In another major announcement, the prime minister said a decision has been taken to extend Pradhan Mantri Garib Kalyan Anna Yojna till Deepawali.

This means that till November, 80 crore people will continue to get a decided amount of free foodgrain every month.

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