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No policy in case of life insurance shall be issued unless...
Six PSU general re/insurers promote 16 officials as GMs
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COVID-19: Ten states account for over 80 per cent of new cases
India’s daily new cases continue to rise. A total of 1,61,736 new cases were registered in a span of 24 hours.
Maharashtra has reported the highest daily new cases at 51,751. It is followed by Uttar Pradesh with 13,604 while Chhattisgarh reported 13,576 new cases.
India, overwhelmed by COVID surge, fast-tracks approval for foreign vaccines
Pharma major Dr Reddy’s on Tuesday said it has received regulatory approval for emergency use of Sputnik V, which will be imported from Russia, paving the way for the third COVID vaccine in India.Vaccines authorised by the World Health Organization or authorities in the United States, Europe, the United Kingdom and Japan “may be granted emergency use approval in India, mandating the requirement of post-approval parallel bridging clinical trial”, the health ministry said in a statement.
“The first 100 beneficiaries of such foreign vaccines shall be assessed for seven days for safety outcomes before they are rolled out,” it said.
India likely to get average monsoon rains in 2021 – Skymet
Monsoon rains are expected to be 103% of a long-term average, and there is a 60% chance that India will get average rainfall, Skymet said.
New Delhi defines average, or normal, rainfall as between 96% and 104% of a 50-year average of 88 centimetres for the entire four-month season beginning June.
Niti Aayog to launch online dispute resolution handbook
A Niti Aayog release said that ODR is the resolution of disputes outside courts, particularly of small and medium-value cases, using digital technology and techniques of alternate dispute resolution (ADR), such as negotiation, mediation, and arbitration.
India approves Russia’s ‘Sputnik V’ COVID-19 vaccine
“Sputnik V” is being marketed in India by Dr. Reddy’s Laboratories, which has helped run a small trial for the drug in the country to test its safety and ability to generate an immune response.
Fourth COVID wave: Infection spreading faster, high-grade fever, affecting younger population more
‘The younger population goes out for work, uses public transportation and hence, there are more chances of coming into contact with others. Many people are still not wearing masks or maintaining social distancing, which has contributed to the rise in cases,” said Suranjit Chatterjee, a senior consultant at Apollo Hospitals here.
Businesses in India’s richest state choke under new COVID-19 curbs
“One month (of lockdown) is equivalent to about $5 billion of revenue for retailers from just Maharashtra,” Kumar Rajagopalan, CEO of the Retailers Association of India, told Reuters. “We are talking about 1.2 million stores and 5 million jobs.”
Rajagopalan said store shutdowns will hit sectors such as manufacturing, distribution and banking and have a snowball effect on the economy.
Indian general insurance industry misses Rs 2 trillion premium mark, New India shines in Fy 2020-21
The Health portfolio, propelled by Covid 19 Pandemic might have grown by almost 40 per cent but it has not been able to make up the shrinking of overall motor business, that has fallen by 5 per cent, for the industry in 2020-21.
“It was a hugely challenging year. I am happy that we could pull it off like this. As at the end of October 2020, though the business of general insurance industry on an average was down by some 10-12 per cent, we managed to just keep our head over water by showing some business growth in decimal points but then we went into a tizzy and in subsequent five months we managed to grow our business each month by 15 to 22% each month,’’ said Atul Sahai, CMD, NIA.
Partial lockdown measures could impact movement of labour, goods: CII
“Similarly, 56 per cent of the CEOs expressed their concern over loss of production of up to 50% if there were restrictions on the ecosystem that supports movement of goods,” it added.
FPIs pull out Rs 929 cr from Indian markets so far this month
Rusmik Oza, executive vice president, head of fundamental research at Kotak Securities, said FPI outflows came on the back of rise in Covid cases and a sharper depreciation in the Indian rupee compared with USD.