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Insurance, MF players cut equity investments in Q4; LIC booked profits

Holdings by insurance companies declined to a 5-year low of 4.80 per cent as on March 31, down from 5 per cent at the end of December 31, 2020. In value terms, it went up by 3.09 per cent from the previous quarter to an all-time high of Rs 9.48 lakh crore as on March 31, 2021.

LIC accounts for over three-fourths of the overall value of the stakes held by insurance companies in equities, it added.

Mutual funds’ holding reduced to 7.23 per cent as on March 31, 2021 down from 7.42 per cent as on December 31, 2020, and Haldea said that this is the fourth straight quarter where the MFs have sold their holdings after 24 continuous quarters of an increase.

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Rail union demands compensation on a par with frontline workers in case of death on duty during Covid

In a letter to Railway Minister Piyush Goyal, general secretary of the All India Railwaymen’s Federation Shiva Gopal Mishra said around 1,500 railway staffers died during the pandemic while more than one lakh have been infected by the virus.

He said that more than 65,000 have recovered and joined their duties again, adding while a letter of appreciation from the minister lauding their dedication was encouraging, a parity in compensation would be of great help for the families.

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Positive COVID-19 test report not mandatory for admission in hospitals: Govt

“Hospitals under the central government, state governments and UT administration, including private hospitals managing COVID patients, shall ensure that requirement of a positive test for COVID-19 virus is not mandatory for admission to a COVID health facility.

“A suspect case shall be admitted to the suspect ward of COVID Care Centre (CCC), Dedicated COVID Health Centre (DCHC) of Dedicated COVID Hospital (DHC) as the case may be,” the directive to all the states and Union Territories said.

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India’s daily COVID-19 deaths near record, calls for nationwide lockdown mount

The Indian Medical Association (IMA), the umbrella body for all conventional doctors and surgeons, called for a “complete, well-planned, pre-announced” lockdown across the country instead of “sporadic” night curfews and restrictions imposed by states for a few days at a time.

“IMA is astonished to see the extreme lethargy and inappropriate actions from the ministry of health in combating the agonizing crisis born out of the devastating second wave of the COVID-19 pandemic,” it said in a statement on Saturday.

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Variant accelerating India’s Covid-19 explosion: WHO top scientist

The surge in India is frightening not only due to the horrifying number of people who are sick and dying there, but also because the exploding infection numbers dramatically increase the chances of new and more dangerous variants emerging.

“The more the virus is replicating and spreading and transmitting, the more chances are that… mutations will develop and adapt,” Swaminathan said.

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Getting people vaccinated only long-term solution to Covid-19 crisis in India: Dr Fauci

“Vaccines is one of them but there are other ways too, like shutting down the government. I have advised them in the past that you really need to do that. You’ve got to shut down. I believe several of the Indian states have already done that, but you need to break the chain of transmission. And one of the ways to do that is to shut down,” the top American doctor said.

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