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ICICI Pru Q4 profit falls 64% to Rs 64 cr on pandemic addl provision

A Rs 7,400 crore of investment income — gains from the market–as against a loss of Rs 18,000 crore in January-March 2020 due to the pandemic, has helped it cushion the hit.

It also had a payout of Rs 265 crore, net of reinsurance for 205 claims from the pandemic deaths, chief executive and managing director N S Kannan told PTI on Monday in a post-earnings call.

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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.

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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.

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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.

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