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Severe thunderstorms drive insured losses to $ 60 billion in first half of 2024, Swiss Re
Balz Grollimund, Head of Catastrophe Perils at Swiss Re, said: "In...
“Shall take up with the GST Council,’ says FM Sitharaman on reduction of GST on Life and Health Insurance
Finance Minister Nirmala Sitharaman Around Rs 24,529 crore was...
Vaccines don’t prevent COVID but will help in keeping symptoms mild: Sangita Reddy
Highlighting the role of vaccines and timely diagnosis and treatment, she said, “The imp point 2 remember- vaccine dont prevent #COVID BUT help keep symptoms Mild. Timely diagnosis & treatment r key 2 quick recovery”.
Sri Lanka seeks initial $40m from fire-ravaged ship’s operator
The Sri Lankan authorities and the ship’s operator say there’s still no large oil spill
The Sri Lankan navy believes the blaze was caused by the vessel’s chemical cargo, which included 25 tons of nitric acid and other chemicals, most of which was destroyed in the fire. But debris including burned fiberglass and tons of plastic pellets have already polluted nearby beaches. There are concerns that a spill of remaining chemicals and oil on the ship could devastate marine life.
Monsoon covers two-third of India earlier, to accelerate crop sowing
Since the start of the season, the monsoon has delivered 25% more-than-normal rainfall, boosted by higher rainfall in the central India region, data compiled by IMD showed.
Monsoon is crucial for India’s $2.7-trillion economy, as it delivers nearly 70% of the rain needed by farms, besides replenishing reservoirs and aquifers.
Pandemic boost for aging-linked stocks, pent-up medical demand and online insurance buying
The number of people aged 65 and over is projected to double to more 1.5 billion by 2050, greatly increasing their economic impact. The total spending power of the older population globally was about $8.4 trillion in 2020, according to World Data Lab. That’s expected to grow to $14 trillion over the next decade.
Hyderabad boy battling rare disease receives world’s most expensive medicine as parents mobilise Rs 16 cr
Ayaansh, son of Yogesh Gupta and Rupal Gupta, who is suffering from Spinal Muscular Atrophy (SMA) was given Zolgensma on June 9 at Rainbow Children’s Hospital, Secunderabad, under the supervision of Dr. Ramesh Konanki, Consultant Pediatric Neurologist. ZOLGENSMA is the world’s most expensive drugs, which is currently not available in India. It is being imported from the USA at a cost of USD 2,125,000 (INR. 16 Crores).
“The parents were able to arrange the amount after going through crowdfunding by ImpactGuru, and the union finance ministry has waived off the tax worth around 6 crores I would like to request the Indian government to make this injection available in India for a price that can be afforded by every parent,” said Dr. Preetham Kumar, Consultant – Pediatrician and Pediatric Intensive Care, Rainbow Children’s Hospital Secunderabad.
Heavyweight bureaucrats to fight out for the IRDA chairmanship
Among the serving and retired IAS(Indian Administrative Service) officials who have applied for the top regulatory job of the Indian insurance industry are- B.V.R. Subrahmanyam(1987 batch ) who recently joined as secretary, Ministry of Commerce after serving as a chief secretary of Jammu and Kashmir(J&K) since 2018,Manoj Parida(1986 batch)), advisor to the administrator of Chandigarh, VP Joy(1987), chief secretary, Kerala, Chhabilendra Roul(1985), former secretary, Department of Fertilizers, Ministry of Fertilizers and Chemicals, Preeti Sudan, (1983-batch) who had retired as the union health secretary in July 2020.,Anup Wadhawan, who retired as the secretary, ministry of commerce in May end
Aspirational Districts outperform non-ADs in pushing development in India: UNDP
The report, which includes a comparison of Aspirational Districts (ADs) with non-aspirational districts, indicates that ADs have outperformed non-ADs by substantial margins, given the increased focus through monitoring real-time data, convergence across government programmes and schemes, and receiving the benefits of the Aspirational Districts Programme.
The ADP(Aspirational Districts Programme) was launched by the India’s Prime Minister, Narendra Modi in 2018, with the objective of expediting the transformation of 112 most backward districts across 28 states through convergence across government departments.
GST council cuts taxes on some COVID-19 medicines and equipmen
While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and anti-coagulants like Heparin is lowered from 12 per cent to 5 per cent.
IMA to hold country-wide protest on June 18 against assault of doctors
The Indian Medical Association has termed ”extremely disturbing” a series of violence against doctors in the last two weeks in Assam, Bihar, West Bengal, Delhi, Uttar Pradesh, Karnataka, and other places.
It demanded the implementation of the central hospital and Health Care Professionals Protection Act with IPC and Code of Criminal Procedure (CrPC), standardization and augmentation of security in each hospital, and declaring hospitals as protected zones among others.
719 doctors have lost their lives due to coronavirus in the second wave of the COVID pandemic with Bihar recording the maximum fatalities.
Policybazaar gets insurance broking licence from IRDAI
With this development, the company will surrender its web-aggregator licence to Insurance Regulatory and Development Authority of India (IRDAI) and undertake business including insurance aggregation under the broking umbrella.
The broking licence will allow the company to venture into segments which it could not do in the past like claims assistance, offline services, and establish Points of Presence network.