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Nifty, Sensex hit record highs on vaccine progress
Global equities traded higher on Wednesday, after Britain started mass-vaccinating its people using a fully-tested COVID-19 shot and as Johnson & Johnson said it could obtain late-stage trial results for a single-dose vaccine earlier than expected.
Round-the-clock RTGS from December 14
“Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable introduction of additional settlement cycles in ancillary payment systems.
“This can also be leveraged to enhance operations of Indian financial markets and cross-border payments,” the RBI said.
Percentage of uninsured vehicles rises to 57% in 2018-19, Kerala corners the highest average in motor death claims
Maharashtra is the leading state in terms of total premiums collected from Motor business, followed by Tamil Nadu, Uttar Pradesh,Karnataka, Gujarat and Kerala.
The bulk of the uninsured vehicles are Two Wheelers with the un-insurance being as high as 66%.
For the financial year 2018-19, total death claims on account of motor insurance paid by the domestic general insurers was Rs. 9,01,207 and for Injury claims it was Rs. 2,51,094 which showed an increase over FY 2017-18.
Provide more safety data on COVID-19 vaccines: CDSCO expert panel to Serum Institute, Bharat Biotech
“Serum Institute of India has been asked for an updated safety data of phase 2 and 3 clinical trial in the country and immunogenicity data from the clinical trial in the United Kingdom and India. While considering the application of Bharat Biotech company, the SEC after detailed evaluation recommended that the pharma major should submit the safety and efficacy data from its ongoing phase 3 clinical trial in India for more analysis,” a source said.
The application submitted by the Pfizer was not discussed at the SEC meeting as the company has requested for more time for giving its presentation, sources said.
IRDAI revamps Personal Accident Policy, makes it a mandatory product for all general insurers
The Standard Personal Accident Product product will have Death: Benefit equal to 100% of sum insured payable on death of the insured person, due to an injury sustained in an accident during the policy period, provided that the insured person’s death occurs within 12 months from the date of the accident
Bharat Bio working on nasal vaccine
Krishna Ella, chairman and MD, Bharat Biotechsaid said his firm is setting up two more facilities for manufacturing vaccines, including for Covaxin.
Indian doctors find lead, nickel in blood samples after hundreds suffer mystery illness
High levels of lead in the bloodstream can impair development of brains, nervous systems and vital organs such as heart and lungs
The illness has infected more than 300 children, with most of them suffering from dizziness, fainting spells, headaches and vomiting. They have tested negative for COVID-19.
India could authorise COVID-19 vaccines in weeks, 300 million on priority list
Indian Prime Minister Narendra Modi’s government has identified 300 million people, including healthcare workers, policemen, and citizens above the age of 50, who would be administered a vaccine on a priority basis, health secretary Rajesh Bhushan said.
“Every single Indian who needs to be vaccinated, will be vaccinated,” Bhushan said, adding that the government expected the vaccination process to take over a year to complete.
India’s COVID-19 caseload rises to 97.35 lakh; recoveries cross 92 lakh
The number of people who have recuperated from the disease surged to 92,15,581, pushing the national recovery rate to 94.66 per cent, while the COVID-19 case fatality rate stood at 1.45 per cent.
There are 3,78,909 active coronavirus infections in the country now which comprises 3.89 per cent of the total caseload, the data stated.
The COVID-19 active caseload remained below four lakh for the third consecutive day.
India’s Covid-19 tally hits 9.7-million mark as it reports 26,567 new cases
Till now 91,78,946 have recovered, while there are 3,83,866 active cases.
The recovery rate stands at 94.59 per cent, and the fatality rate is 1.45 as per cent.
Maharashtra continues to be the worst-hit state with 18,55,341 cases till date. Over 70 per cent of the daily new cases were reported by 10 states and UT — Maharashtra, Delhi, West Bengal, Haryana, Kerala, Uttar Pradesh, Chhattisgarh, Rajasthan, Punjab, Himachal Pradesh.