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Indian News

India detects over 24,000 mutations in 7,000 variants of Covid

“Till now, no correlation has been established between the variants and the rise in the number of cases reported in a few states. It is still under investigation,” he said.

“More than 2 lakh mutations in the virus have been recorded globally. But did all the mutations incite a rise in cases? The mutations are a natural process of evolution in a pathogen. It is relevant only if it induces a change in the trend of disease spread,” Singh explained.

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Lloyd’s insurer Brit says it will not insure Adani coal mine

Twenty-six Lloyd’s syndicates have now said they will not insure the mine, according to action group Insure Our Future.

Adani has begun construction at Carmichael together with an associated rail project, with plans to start producing 10 million tonnes of coal per year from 2021.

The coal industry is in the spotlight for its higher levels of greenhouse gas emissions than crude oil.

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Govt warns states of worsening COVID-19 situation if rules ignored

“Any laxity in implementing stringent measures to curb the spread, especially in view of new strain of virus…could compound the situation,” the health ministry said in a statement that singled out nine states and a federal territory.

India has confirmed the long-time presence of two mutant variants – N440K and E484Q – in addition to those first detected in Brazil, Britain and South Africa. 

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Trading on India’s largest stock exchange halted by telecom breakdown

“The NSE outage is unfortunate, especially for this long. Global exchanges should have adequate backups to ensure that even if there is an outage it’s restored fast,” said Sandip Sabharwal, a Mumbai-based fund manager.

“Asian markets saw a significant crash on Wednesday, and at such times, price discovery real-time becomes even more important.”

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Rajasthan to enact Bill on Right to Health,to bring Universal Health Care scheme worth Rs 3,500 cr: Gehlot

He said that from next year, universal health coverage will be implemented at a cost of Rs 3,500 crore, under which every family in the state will get medical insurance benefit of up to Rs 5 lakh.

”For the first time in the country, we are going to implement universal health coverage in the state in the coming year at the cost of Rs 3,500 crore,” Gehlot said.

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IRDA allows Axis Bank to pick up 12 % stake in Max Life

Mohit Talwar, Managing Director, Max Financial Services who has led the transaction, said, “Since all other regulatory, shareholder and board approvals are already in place, we will now progress towards swift conclusion of this transaction. We hope we will be able to make quick progress in harnessing the synergies and benefits from this joint venture between Max Life and Axis Entities.”

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