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Govt, RBI closely monitoring markets: FM

“Global markets have undergone severe volatility, and we are monitoring the situation. It is no consolation to say that stock markets in India and elsewhere have suffered. Globally there are serious repercussions being felt. We are conscious of the developments. Together with the RBI, we are monitoring and making sure where necessary, we take steps,” Sitharaman said at a post-Cabinet press conference.

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China non-life insurers see big drop in car accident claims in Coronavirus silver lining

Motor insurance accounts for about three quarters of Chinese non-life insurers’ business while health insurance – where virus-related claims would fall under – accounts for less than 5%, according to Swiss Re.

In contrast, for the non-life insurance sector globally, motor and health insurance each account for about a third of premiums.

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AI cancels flights to Italy, South Korea, Kuwait; curtails services on five int”l routes

“Air India has only curtailed services to France, Germany, Spain, Israel and Sri Lanka till April 30,” the spokesperson said.

Earlier, a senior official, who did not want to be named, said the carrier has decided to temporarily suspend services to Italy, France, Germany, Spain, Israel, South Korea and Sri Lanka due to the coronavirus outbreak.

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India reports second death from coronavirus

So far, a total of 82 positive cases of Coronavirus have been traced in the country, according to the data provided by the Union health ministry. Among the 82, there are 17 foreign nationals and 65 Indians who have tested positive for coronavirus.  Five people have been cured so far, and two people have succumbed to it. A maximum of 19 positive cases have been reported from the state of Kerala including the three cured patients who had returned from China’s Hubei province.

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Coronavirus drives patients to online doctors, spurring telemedicine sector

As COVID-19 spreads across Europe, leaving new patients in its wake, the fear of infection and a saturated health-care system are driving large numbers of people online for medical consultations. Startups like General Atlantic-backed Doctolib and insurer AXA SA-supported Qare in France, Swedish Kry International AB’s unit Livi, the UK’s Push Doctor and Germany’s Compugroup Medical SE that offer up virtual doctors are raking it in.

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