Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO &...
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Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to...
Clearing time for cheques to be cut from 2 days to a few hours: RBI Governor
Shaktikanta Das,Governor,RBI “This means that cheques will be...
India’s Reliance says FCCU unit at Jamnagar refinery shut, exports may be delayed
Reliance, which operates the refining complex, did not give a reason for the “emergency shutdown” of the refinery’s fluidized catalytic cracking unit (FCCU).
Harsh Vardhan addresses first meeting of WHO high-level coalition on health, energy
“India is today in a unique position to pioneer a new model of economic development of low carbon emission and inclusive development where the attainment of universal health coverage is also one the major determinant factors.
Medical debts bankrupt Indians already ravaged by coronavirus
Two-thirds of Indians don’t have any health insurance, compounding the problems facing India’s economy as it tries to recover from the shock of a rare contraction last year. Overcrowded government hospitals with long lines and poor facilities prompt people to spend out of pocket for better treatment in the private sector.
China-based hackers luring Indians into fake malicious Tata Motors scam
“The campaign is pretended to be an offer from Tata Motors but hosted on the third-party domain instead of the official website of Tata Motors which makes it more suspicious,” the research team said in a statement.
Young, Indian, Unvaccinated: the world’s largest inoculation drive falters
The government expects vaccine supplies to improve substantially from June. It is expecting to produce enough shots by December to inoculate all of its estimated 950 million adults, though those between 18 and 45 years will be the last on the priority list.
Retiring old coal plants can help Maharashtra save Rs 16,000 cr in five years: Report
Older coal plants are less efficient and more polluting, and will need to meet the 2015 air and water emission norms notified by the Ministry of Environment, Forests and Climate Change by 2024 at the latest.
Kumar gets 9-month extension as LIC chairman
Analysts point out that Kumar’s extension as the chairman will help the corporation to handle its mega IPO smoothly during the current year.
Earlier, the government through an approval of ACC had extended the retirement age of LIC chairman from 60 to 62.
Siddarth Mohanty, MD, who is retiring in June 2023, will be one of the top contenders for the chairmanship of the corporation after Kumar retires in March 2022..
Gangrene, hearing loss point to Delta variant of Covid-19 being more severe
The most alarming aspect of the current epidemic in India is the rapidity with which the virus is spreading, including to children, said Chetan Mundada, a pediatrician with the Yashoda group of hospitals in Hyderabad.Apollo’s Ghafur said he was also seeing entire families with Covid symptoms, instead of the individuals that dominated last year, reflecting an increase in household transmission caused by the Delta variant.
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.
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.