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FIU notifies fresh money laundering, terror financing reporting alerts for insurance and capital market players
A working group, that included insurance regulator IRDAI, went into...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy
S Krishnan,Secretary,Ministry of Electronics and Information...
Civil aviation recovery to be faster due to market size: Airbus India Prez
“We haven’t reached the pre-Covid situation yet but we are improving. There are several segments that are offering good opportunities. Chartered flights too are offering great support,” IndiGo’s Chief Strategy and Revenue Officer Sanjay Kumar said.
COVID-19 tally in India breaches 48-lakh mark; death toll climbs 79,722
The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.64 per cent.
There are 9,86,598 active cases of COVID-19 in the country, while 37,80,107 people have recovered, the data stated.
India’s COVID-19 tally had crossed the 20-lakh mark on August 7, 30 lakh on August 23 and it went past 40 lakh on September 5.
According to the ICMR, a cumulative total of 5,72,39,428 samples have been tested up to September 13 with 9,78,500 samples being tested on Sunday.
S&P expects India’s economy to contract 9% in fiscal 2021
“While India eased lockdowns in June, we believe the pandemic will continue to restrain economic activity … As long as the virus spread remains uncontained, consumers will be cautious in going out and spending and firms will be under strain,” S&P said in a note.
Indian government to infuse $2.72 billion in state-run banks
The pandemic’s impact is likely to push up the ratio of gross non-performing assets in the Indian banking system to at least 12.5% by March 2021, from 8.5% in March 2020, according to a report by the Reserve Bank of India.
Same sex marriages not recognised by our laws society and our values Centre to HC
The submission was made before a bench of Chief Justice D N Patel and Justice Prateek Jalan by Solicitor General (SG) Tushar Mehta during hearing of a PIL seeking a declaration that same sex marriages be recognised under the Hindu Marriage Act (HMA) and Special Marriage Act.
He said the plea to grant recognition to or permit registration of such marriages was “not permissible” for two reasons — firstly, the petition was asking the court to legislate and secondly, any relief granted “would run contrary to various statutory provisions”.
India’s tally of coronavirus infections nears 5 million
The death toll crossed 80,000 on Tuesday, swelled by 1, 054 in the last 24 hours, the ministry added.
There are 9,90,061 active cases of the coronavirus disease (COVID-19), comprising 20.08 per cent of the total 49,30,236 cases, it said.
According to the Indian Council of Medical Research, 5.83 crore tests have been conducted so far and 10.73 lakh samples were tested on Monday.
COVID-19: 58% of recovered cases coming from five states
India’s COVID-19 tally of cases mounted to 47,54,356 with 94,372 new infections being reported in a day, while the death toll climbed to 78,586 with 1,114 people succumbing to the infection in a span of 24 hours, the data updated at 8 am showed.
1,114 COVID-19 fatalities have been registered in a span of 24 hours. Maharashtra has reported the maximum number of 391 deaths followed by Karnataka with 94 deaths, whereas Tamil Nadu has reported 76 deaths.
Covid treatment accounted for only 11% of health insurance claims in Apr-Aug: Study
The COVID-19 scare, it said, “has triggered everyone to prioritise health insurance like never before not only for protection against a pandemic but also against any bigger events or illnesses like lifestyle disease which will stay here forever.”
As regards the cost of treatment, the insurance aggregator said COVID-19 treatment may cost more than ₹10 lakh in case of prolonged hospitalisation.
A comprehensive health insurance policy with ₹10 lakh sum insured for a 32-year-old individual costs anywhere between ₹7,000–9,000 annually, it said.
India considers emergency authorisation of vaccine as COVID-19 cases surge
“India is considering emergency authorisation of a COVID-19 vaccination,” said Health Minister Harsh Vardhan. “If there is a consensus we may go ahead with it, especially in the case of senior citizens and people working in high-risk settings.”
Record spike of 97,570 infections pushes India’s COVID caseload to 46,59,984
The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.66 per cent.
There are 9,58,316 active cases of COVID-19 in the country which comprises 20.56 per cent of the total caseload, the data stated.