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South Asia faces extreme weather with heatwave in India, cyclone in Bangladesh
Extreme temperatures throughout Asia last month were made worse...
Kerala flood: Heavy rains wreak havoc, 11 dead
Revenue Minister K Rajan today said parts of Kerala received over...
Over 11.8 lakh beneficiaries of age group 18-44 vaccinated so far in Phase-3: Health Ministry
The ministry said 16,49,73,058 vaccine doses have been administered through 24,11,300 sessions, as per the provisional report till 7 am today and more than 23 lakh vaccination doses were administered in the last 24 hours. As on Day-111 of the vaccination drive (May 6, 2021), 23,70,298 vaccine doses were given. Across 18,938 sessions, 10,60,064 beneficiaries were vaccinated for 1st dose and 13,10,234 beneficiaries received their 2nd dose of vaccine.
Indian airlines risk consolidation, plane repossessions amid COVID-19 surge
CAPA expects 250-300 planes to be grounded in the first half of the current fiscal year, while lessors may not be as patient as last year in allowing delayed repayments now air travel is resuming in places such as the United States and China.
Surging India virus cases may derail recovery but ratings outlook stable-S&P
“Our downside scenarios suggest a less robust recovery in government revenues, and the severe downside scenario may entail additional fiscal spending,” they added.
The agency, however, said it still expects the economy to expand for the year as a whole, even though it said there are downside risks to its current baseline projection of 11% growth.
It expects growth to fall to 9.8% under its moderate scenario and to 8.2% under the severe scenario based on when the current infection wave peaks.
Delhi’s popular autorickshaws become COVID-19 ambulances
The Delhi government, in association with a non-profit organization, has kitted out more than a dozen autorickshaws with hand sanitizers and face masks, while oxygen cylinders are provided on a need basis. The service, which began officially on Tuesday, is free.
RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity by 20%: Crisil
”Increased availability of funds at low cost will incentivise hospitals to augment beds, oxygen storage, ICUs and critical medical equipment,” its chief ratings officer Subodh Rai said.
If half of the Rs 50,000 crore window is utilised by augmenting hospital beds, the number of beds will go up by 15-20 per cent of the current capacity, he added.
BBB selects Gupta and Singh for heading National Insurance and United India
“The Board of the Bureau headed by BP Sharma interfaced with eight candidates on Friday for the forthcoming CMD positions in NIC and UII and keeping in view their performance in the interface and their overall experience, Gupta and Singh have been selected for the two posts,” said BBB on Friday late evening.
Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz
“The financial services sector faces a period of heightened risks. Covid-19 has caused one of the largest ever shocks to the global economy, triggering unprecedented economic and fiscal stimulus and record levels of government debt,” says Paul Schiavone, Global Industry Solutions Director Financial Services at AGCS. “Despite an improved economic outlook, considerable uncertainty remains. The threat of economic and market volatility still lies ahead while the sector is also increasingly needing to focus on so-called ‘non-financial’ risks such as cyber resilience, management of third parties and supply chains, as well as the impact of climate change and other Environmental Social and Governance (ESG) trends.”
Be prepared for third Covid wave, have buffer stock of oxygen: SC to Centre
A bench of Justices D Y Chandrachud and M R Shah said: We need to prepare for the third surge of COVID-19 which may have altogether different parameters. We have to be ready for that. We have been reading that some experts have said that the third surge will be more harmful especially to children.
“We understand children are more resilient as compared to elders but we have to also consider that they themselves will not go to hospitals and their parents will have to take them making them vulnerable.
U.S. reverses stance, backs giving poorer countries access to COVID vaccine patents
Pharmaceutical companies working on vaccines have reported sharp revenue and profit gains during the crisis. The industry’s biggest lobby group warned that Biden’s unprecedented step would undermine the companies’ response to the pandemic and compromise safety.
IRDA asks insurers to launch Standard Domestic Travel Insurance Policy by July 1
A Standard Domestic Travel Insurance Policy will have Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2 per cent of the sum insured subject to maximum of Rs.10000/- per day, are allowed in the policy.
Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 4 per cent of the sum insured subject to maximum of Rs.20,000/- per day, can availed by a customer..