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India’s COVID-19 tally reaches 2,26,770 with record spike of 9,851 cases; death toll 6,348

Of the 273 deaths reported since Thursday morning, 123 were in Maharashtra, 44 in Delhi, 33 in Gujarat, 16 in Uttar Pradesh, 12 in Tamil Nadu, 10 in West Bengal, six each in Telangana and Madhya Pradesh, four each in Karnataka, Bihar and Rajasthan, three each in Andhra Pradesh and Kerala, two in Uttarakhand and one each in Jammu and Kashmir, Haryana and Jharkhand

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Sun Pharma testing plant-based drug as potential COVID-19 treatment

AQCH is derived from tropical, climbing shrub cocculus hirsutus, which is used in Asia for its apparent medicinal properties.

The company said the trial will be conducted across 12 centers in India in 210 patients and a human safety study of the drug has been completed.

AQCH, which is being developed for dengue, has shown broad antiviral effect in in-vitro studies and hence is being tested as a potential treatment option for COVID-19,” the company said in a statement

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U.S. insurers ask Treasury, Fed to back pandemic payouts for trade credit coverage

Trade credit insurance, which covers $600 billion in U.S. business transactions annually, protects businesses selling goods and services from the risk that insolvent buyers will not pay them. Washington lobbyist David Ross spoke with Steven Seitz, director of the Treasury’s Federal Insurance Office on a May 27 call about support for the niche industry, James Daly, chief executive officer of Euler Hermes Americas, an Allianz SE unit, told Reuters.

Trade credit insurers want about $60 billion in government support, as shared claims payouts, Daly said. Policyholders would pay additional premiums for the backing.

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SC extends order of no coercive action against employers for non-payment of full wages

A bench of Justices Ashok Bhushan, S K Kaul and M R Shah reserved the verdict on a batch of petitions filed by various companies challenging the circular of the Ministry of Home Affairs issued on March 29 asking the employers to pay full wages to the employees during the nationwide lockdown due to the coronavirus pandemic.

In the proceedings conducted through video conferencing, the top court said there was a concern that workmen should not be left without pay, but there may be a situation where the industry may not have money to pay and hence, the balancing has to be done.

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Endeavour to cut accidents, deaths on roads by 25% by March next year: Gadkari

The Ministry of Road Transport and Highways has identified over 5,000 black spots, and the process for their rectification including temporary and permanent measures is being carried out on urgent basis, he said.

Standard Operating Procedures (SOPs) regarding procedure for rectification of black spots for taking up short-term and long-term permanent measures have already been issued, as per the ministry and till date, temporary measures on 1,739 newly identified black spots and permanent measures on 840 newly identified black spots have already been taken.

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