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PM Modi chairs high-level meeting to review preparedness for heat wave conditions this summer
Prime Minister also stressed upon awareness creation along with...
Panda to meet industry CEOs tom in Mumbai to review Bima Sugam and `Cashless Everywhere’ scheme
Debasish Panda,chairman,IRDAI Though, earlier, IRDAI had set a...
Insurers settle 70,000 Covid-19 claims for 700 crore, IRDA Chief
“Standardisation products are key and India has taken a huge leap by bringing standard products. IRDAI came out with guidelines for the covid-19 standard benefit-based and the covid-19 standard indemnity health policies. All life, general and standalone health insurance companies have been encouraged to offer the benefit-based policy, while all health and general insurance companies are mandated to offer the indemnity policy,” Khuntia said.
New India’s combined ratio falls to a record 102.14% from 116.28%,Net profit at Rs 286.47 crore in Q1 FY 21
The company has managed underwriting profits in marine, motor and health segments in first quarter of the current fiscal.
Commenting on the results, Atul Sahai,CMD,NIA said,”The company has reported encouraging results for the quarter despite a challenging
macro environment due to COVID19, which has impacted the economy. There has been a significant improvement in the loss ratio, which apart from the loss minimization and
corrective pricing actions undertaken, was also due to the reduced incidence of motor claims.”
India reports a record 66,999 Covid-19 cases and 942 deaths, Over 1.28 Cr PPEs, given to states,UTs by Centre for free
In addition, 22,533 “Make in India” ventilators have been delivered to various states, Union territories and central institutions, the ministry said, adding that the Centre is also ensuring the installation and commissioning of the machines.
The central role of the government has been in strengthening the health infrastructure of the states and Union territories to fight the COVID-19 pandemic and ensure its effective management, the ministry underlined.
Taxpayers” charter to send right message to global investors on regulatory certainty: Experts
This is part of ”Transparent Taxation — Honoring the Honest” platform which has been launched with the key objectives of bringing in transparency, efficiency and accountability. It would focus on faceless assessment and appeals, apart from the taxpayers” charter.
No meaningful action taken for cleaning Ganga tributary: NGT
“The river is practically dead and needs to be restored in the interest of the environment and public health. Meaningful progress must be achieved by the concerned departments including the Urban Development, Irrigation, Jal Nigam, and the Environment,” a bench headed by NGT Chairperson Justice A K Goel said
COVID-19: 60,963 fresh cases take India’s tally to 23,29,638
India’s rate of recovery has improved to 70.37% as 1,639,599 people, 56,110 in the last 24 hours, have been discharged from hospitals so far. “The TEST, TRACK, TREAT strategy showing desired result- early identification and prompt isolation/hospitalisation aiding exponential growth in recoveries,” the ministry tweeted on Wednesday.
Plea in SC seeks commission for inquiry into mismanagement of COVID-19 pandemic
The petition has alleged that the Centre failed to undertake timely and effective measures for containing transmission of the virus and an independent inquiry by a commission, appointed under the Commissions of Inquiry Act 1952, was essential to inquire into the “lapses”.
COVID-19: SC seeks response from Centre on plea to ban disinfection tunnels
“In the guise of preventing COVID-19 many sanitisation and disinfection devices have emerged which wrongfully claim to be effective in preventing the spread of this virus.”These include disinfection tunnels involving spraying and fumigation of disinfectants and disinfection tunnels exposing human beings to ultra violet rays with a belief of disinfecting them,” a PIL filed by law student Gursimran Singh Narula pleaded
Zydus Cadila launches India’s cheapest remdesivir version at $37 per vial
Zydus is the fifth company to launch a copy of the antiviral in India after privately held Hetero Labs Ltd, Cipla, Mylan NV and Jubilant Life Sciences Ltd.
Gilead has also entered into licensing agreements with Dr.Reddy’s Laboratories Ltd and Syngene International Ltd to make remdesivir for distribution in 127 countries, including India.
Indian motor insurance business to contract in 2020 due to COVID-19:GlobalData
The recent regulatory changes following the pandemic also impacted motor insurance premium growth. In March 2020, the IRDAI put on-hold the proposed hike ranging between 2-10% on third-party liability insurance premium. Furthermore, the move to discontinue long-term own-damage motor policies, effective 1 August 2020, will also result in lower spending on motor insurance this year.