LIC has tied-up with IDFC First Bank, under corporate agency...
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Allianz eyes 51% of Singapore’s Income Insurance with $1.6 billion offer
Allianz said the deal will turn it into the fourth-largest...
Robust economies set to drive global insurance growth and profitability, says Swiss Re
Jérôme Haegeli, Group Chief Economist, Swiss Re Jérôme Haegeli,...
Non-stop cremations cast doubt on India’s counting of COVID dead
Reliable data is at the heart of any government response to the pandemic, without which planning for hospital vacancies, oxygen and medicine becomes difficult, experts say. Government officials say the mismatch in death tallies may be caused by several factors, including over-caution.
India reports 2,61,500 new COVID-19 cases, 1,501 deaths
Five states — Maharashtra, Chhattisgarh, Uttar Pradesh, Karnataka and Kerala — account for65.02 per cent of India’s the active cases.
The active number of cases in the country stands at 18,01,316. In the last 24 hours, 1,38,423 people recovered from the disease. With this, the total recoveries reached 1,28,09,643.
Covid-19 will leave deep scars in world economy even after recovery
While $26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the destruction of jobs, war-era levels of debt and widening inequalities between races, genders, generations and geographies will leave lasting scars, most of them in the poorest nations.
Need of 3rd booster dose based more upon conjecture than data: Experts
Pfizer and Moderna recently announced that people who have received both doses of the Pfizer-BioNTech or Moderna coronavirus vaccines will probably need a booster shot this year and might need an annual shot thereafter.
Earlier this month, an expert panel of the Drugs Controller General of India (DCGI)had permitted Bharat Biotech to give a third dose of its COVID-19 vaccine Covaxin to a few volunteers in its clinical trials.
India daily increase of record 234,692 COVID-19 infections
India’s deaths from COVID-19 rose by 1,341 to reach a total of 175,649, the data showed.
India may witness 1,750 deaths per day due to Covid-19, surging to around 2,320 by the first week of June, according to a report of the Lancet Covid-19 Commission by India Task Force members.
US lawmakers welcome India”s move to increase FDI in insurance sector to 74 %
Washington: Two influential US lawmakers have applauded the Indian government''s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and...
India has a double mutant Coronavirus variant. Should we be worried?
The new variant, which has a so-called double mutation, is thought to be fueling India’s deadlier new wave of infections that has made it the world’s second worst-hit country, surpassing Brazil, and has already begun to overwhelm its hospitals and crematoriums. The Asian nation has reported more than 14 million Covid cases so far and more than 174,300 fatalities.
Global Covid-19 caseload tops 139.6 mn, death toll surge past 2.99 million
The US is the worst-hit country with the world’s highest number of cases and deaths at 31,575,138 and 566,212, respectively, according to the CSSE.
In terms of infections, India follows in the second place with 14,291,917 cases.
Latest Covid-19 wave deadlier in Brazil than India: No one knows why
It’s too early to say if India can continue to avoid the more lethal fate of Brazil. While some parts of the country have imposed targeted lockdowns, elections are being held in five states — seeing thousands of voters pack campaign rallies — along with a month long Hindu pilgrimage that brings throngs to the banks of Ganges river.
Govt notifies draft rules for hiking FDI to 74 % in insurance sector
According to the draft rules, in an Indian insurance company having foreign investment exceeding 49 per cent not less than fifty per cent. of the net profit for the financial year have to be retained in general reserve, if the insurer’s solvency margin is less than 1.2 times the control level of solvency for a financial year for which dividend is paid on equity shares.
Not less than fifty per cent. of directors of such insurers will be independent directors, unless the chairperson of its board is an independent director, in which case at least one-third of its board shall comprise of independent directors.