Animesh Das, CEO designate, ACKO General Insurance ACKO has now set...
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Govt, exporters to discuss Red Sea crisis issue on March 8
After Yemen-based Houthi rebels have targeted ships in the Red Sea...
Arbitrators’ independence impartiality critical to arbitration process CJI
D Y Chandrachud,Chief Justice of India Justice Chandrachud noted...
Govt issues draft rules for manufacturing, using drones
“No UAS shall operate in India unless there is in existence a valid third party insurance policy to cover the liability that may arise on account of a mishap involving such UAS,” the draft rules added.
SC seeks finance ministry’s reply on waiver of interest on loans during moratorium period
The bench was hearing a plea, filed by Gajendra Sharma, in which he has sought a direction to declare the portion of RBI’s March 27 notification “as ultra vires to the extent it charges interest on the loan amount during the moratorium period, which create hardship to the petitioner being borrower and creates hindrance and obstruction in ‘right to life’ guaranteed by Article 21 of the Constitution of India”.
India’s COVID-19 tally reaches 2,16,919 with record spike of 9,304 cases; death toll 6,075
Of the 260 deaths reported since Wednesday morning, 122 were in Maharashtra, 50 in Delhi, 30 in Gujarat, 11 in Tamil Nadu, 10 in West Bengal, seven each in Madhya Pradesh, Uttar Pradesh and Telangana, six in Rajasthan, four in Andhra Pradesh and one each in Bihar, Chhattisgarh, Jammu and Kashmir, Karnataka, Punjab and Uttarakhand.
India’s urban COVID-19 outbreak is morphing into a rural health crisis
Dr. Naman Shah, an epidemiologist and physician advising a federal government coronavirus task force, said rural outbreaks could be “devastating” given the inadequate number of doctors and health facilities.
India pledges $15 million for global vaccine alliance
India is also the world’s foremost producer of vaccines and that it is fortunate to contribute to the immunization of about 60 per cent of the world’s children, he pointed out.
IRDA asks general and health insurers to launch exclusive Covid-19 cover by June 15
Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2% of the sum insured subject to maximum of Rs.5000/- per day.
•.Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 5% of the sum insured subject to maximum of Rs.10,000/-, per day
• Ambulance: Rs 2000/- per Hospitalization.
Tata AIG offers telematics-based motor insurance tracking app
Available on all policies offering personal accidental cover to the tune of Rs. 15 lakhs for owner and driver, this app also tracks distance traveled by the vehicle, live speed and other driving pattern parameters and offers bonus kilometers for good driving behavior at the time of the renewal, thus, promoting safe driving habits.
Mumbai streets deserted as India’s biggest city braces for cyclone
Cyclones often skirt densely populated Mumbai, a metropolis of more than 20 million people, though every year during torrential rains of the June-September monsoon season roads are submerged, and the suburban railway service that serves millions of people comes to a halt.
Mumbai avoids brunt of cyclone that barrels into India’s west coast
Cyclone Nisarga also did not cause any major damage on the southern coast of Gujarat on Wednesday afternoon and evening following landfall near Alibaug in Maharashtra. The Gujarat government had evacuated over 63,700 people from coastal areas of eight districts and 18 teams of National Disaster Response Force (NDRF) and six teams of State Disaster Response Force (SDRF) were deployed for rescue operations.
Flight operations resumed at Mumbai’s Chhatrapati Shivaji Maharaj International Airport. Arrivals and departures were suspended at 2:30 pm due to strong crosswinds induced by Cyclone Nisarga.
Modifications in National Pension Scheme financially untenable Finance Ministry
“In fact, the Asset Under Management (AUM) of the central government (Rs 1.45 trillion) and state government (Rs 2.20 trillion) schemes have been invested through pension funds across the government securities (around 50 per cent), corporate bonds (around 36 per cent) and only around 10 per cent is in equities and rest in money market instruments,” it said, adding that the scheme has provided returns of around 9.5 per cent since inception.