PK Mishra, Prime Minister's Principal Secretary "Should the...
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NCLAT rejects tax claim against RCom filed for assessment year after initiation of insolvency
A two-member NCLAT bench upheld the earlier order passed by the...
LIC to tap NRIs and PIOs through Gift City
Siddartha Mohanty, CEO & MD,LIC Siddartha Mohanty, CEO &...
COVID-19 cases surge in Africa, less than 0.8% of fully vaccinated, say officials
New cases are up nearly 30% in the past week and deaths are up by 15%, she said, with five countries — South Africa, Tunisia, Zambia, Uganda and Namibia — accounting for 76% of the new cases. The continent of 1.3 billion people has not yet been battered with an emergency during the pandemic on the scale of that recently facing India, but officials including Moeti continue to warn that such a catastrophe could hit.
“Africa is in the midst of a full blown third wave…We’ve seen in India and elsewhere how quickly COVID-19 can rebound and overwhelm health systems,” Matshidiso Moeti, WHO regional director for Africa, told a news conference.
DPIIT notifies 74% FDI cap in insurance sector under automatic route
According to a press note issued by the department, the decision will take effect from the date of FEMA (Foreign Exchange Management Act) notification
India logs 67,208 new COVID-19 cases, 2,330 deaths in last 24 hours
According to the Health Ministry, the national COVID-19 recovery rate has improved to 95.93 per cent. The recoveries continued to outnumber daily new cases for the 35th consecutive day. India witnessed 1,03,570 recoveries in the last 24 hours, taking the recovery tally to 2,84,91,670.
Global life insurance outlook revised to stable amid brightening growth prospects:Moody’s
“Strong solvency capital ratios globally underpin our view of the outlook,” Moody’s Vice President Manoj Jethani says.
“Although pandemic mortality continues to weaken profitability, the overall impact on the credit profile of life insurers has been less severe than originally expected due to differences in demographics of the general versus the insured population, as well the benefits of diversification from longevity-type insurance products, ” he adds.
Shocked by COVID deaths, young Indians rush for life insurance
Industry executives say enquiries about insurance plans have rocketed despite the second wave of infections subsiding, probably due to strong prospects of a third wave given the slow start India made to the mammoth task of vaccinating its people.
India:Amid unlock, Doctors warn of ‘Worse Than Second Wave’ situation if norms not followed
Medical experts in mid-May had concurred that it was lockdown majorly that had brought down the count of daily cases, while cautioning that the severity of cases was still the same.
Covishield dose interval under discussion: NTAGI Working Group Chairman
“Decision to increase the gap between administering 2 doses of COVISHIELD has been taken in a transparent manner based on scientific data. India has a robust mechanism to evaluate data. It’s unfortunate that such an important issue is being politicised!,” said Vardhan on Twitter.
Hedge Funds remain an option for some insurers
The life/annuity segment raised its dollar exposure in hedge funds 5.8%, to $5.4 billion, and the property/casualty segment, 5.5%, to $6.6 billion.
Several qualities made hedge funds attractive to investors during the pandemic, including risk diversification and a low correlation to other asset classes. The hedge fund industry still lost approximately $44.5 billion in asset flows in 2020, according to the report, but that is nearly half the amount pulled out in 2019.
Refugees in India, elsewhere hit hard by COVID-19 impact -rights report
“The COVID-19 pandemic and state responses to it have had a significant negative impact on the lives, wellbeing, and rights of the approximately 15 million stateless people around the world,” said the report, which focused on refugees living in Kenya, Bangaldesh, Malaysia and others countries.
11 thermal plants in NCR accounted for 7 pc of Delhi air pollution in Oct-Jan: Study
The findings are significant considering that the Delhi government had recently moved the Supreme Court, seeking closure of the coal-fired power plants in the vicinity of the city using outdated polluting technology.