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Opposition parties had criticised the central government for a growing “snooping industry” under its watch and alleged that the bill violated the Constitution of India. Electronics and Information Technology Minister Ravi Shankar Prasad had refuted the charge.
Budget proposals positive for insurance sector: Fitch Ratings
“Fitch expects a relaxation of foreign-ownership rules to attract international insurers and promote competition within the sector. This will, in turn, increase the insurers’ access to capital and thereby improve the industry’s solvency position,” the agency said in a statement.
Indian pharma market expected to hit USD 130 billion by 2030: Sadananda Gowda
“India has been serving more than 200 countries with its pharma products and will continue to discharge its responsibilities. We intend to continue formulating plans that are based on sound science, technology, business sense, and ethics,” Gowda said.
Pharmaceuticals are one of the top-10 attractive sectors for foreign investment in India. FDI inflows in the pharmaceuticals sector reached Rs 3,650 crore in 2019-20, recording a growth of 98 per cent year-on-year, he added.
New premium of life insurance firms rises 3.7 pc to Rs 21,390 cr in Jan
The country’ largest life insurer LIC registered a fall of 2.43 per cent in new business premium during January to Rs 13,143.64 crore as against Rs 13,470.91 crore in the year-ago month.,
The remaining 23 private sector players in the life insurance sector collected Rs 8,246.06 crore as first-year premium, up by 15.30 per cent from a year ago.
No provision of insurance for recipients of COVID-19 vaccine: Choubey
The COVID-19 vaccination is entirely voluntary for the beneficiary, Minister of State for Health Ashwini Choubey said in response to a question on whether those administered/to be administered with the COVID-19 vaccines are insured against any kind of side effects or medical complications that may arise due to inoculation.
Overall COVID-19 seropositivity among healthcare workers over 25 per cent: minister
The Indian Council of Medical Research is undertaking periodic sero-surveillance to monitor the trend of COVID-19 infection. As per the third seroprevalence study (December 2020 to January 2021) results the overall COVID-19 seropositivity among healthcare workers is assessed to be 25.7 per cent,” he said in a written reply. Seroprevalence is highest among doctors and nurses (26.6 per cent), followed by para-medical staff (25.4 per cent), field staff (25.3 per cent) and administrative staff (24.9 per cent), Choubey said in a written reply.
Up to 10 pc of LIC IPO issue size to be reserved for policyholders: MoS Finance
“In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to 10 per cent of the issue size, in favour of life insurance policyholders of LIC,” Thakur said in a written reply to a query in the Rajya Sabha.
IRDAI asks insurers to promote Govt’s Digilocker for e-storing their policy documents
Digilocker is an initiative under the Digital India program by the Government of India where citizens can get authentic documents/ certificate in digital format from original issuers of these certificates.
The insurers should inform their retail policyholders about Digilocker and how to use it. Insurers are also advised to enable the process by which the policyholders can place their policies in the digilocker., said the IRDAI.
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Govt to soon bring bill on crypto currencies: MoS Finance Anurag Thakur
Thakur said regulatory bodies like RBI and SEBI do not have any legal framework to directly regulate crypto currencies as they are not currencies, assets, securities or commodities issued by identifiable users.
Indian army drills dog squad to sniff out COVID-19
Several countries are considering using dogs to identify the coronavirus at airports and other public spaces. But the military deployment is the first time in India that dogs are being used to detect COVID-19, said Colonel Surender Saini, an army dog trainer.