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Shriram General Insurance records 22 % jump in net profit to Rs 455 crore in Fy 24
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Suez Canal must upgrade to avoid future Shipping disruption
Shipping industry sources said specialist equipment and associated procedures have long struggled to keep up with the ever increasing size of commercial vessels.
“The average size of most vessels has increased exponentially over the last 15 years. The ability to salvage these bigger ships has not,” said Peter Townsend, a marine insurance industry veteran.
“The issue is getting containers off essentially a 20-story high building at sea.”
COVID-19 spreading at fast pace, next 4 weeks critical: Centre
”The intensity of the pandemic has increased and it is spreading faster than last time. In some states, it (the condition) is worse than others but the upswing (in cases) can be observed across the country,” he said.
”People’s participation is vital to control the second wave. The next four weeks are going to very critical. The entire country has to come together and make efforts to fight the pandemic.”
Harsh Vardhan launches Integrated Health Information Platform
“In addition to tracking 33 diseases now as compared to the earlier 18 diseases, it shall ensure near-real-time data in digital mode, having done away with the paper-mode of working,” the health minister said.
Terming this as the world’s biggest online disease surveillance platform, he stated that it is in sync with the National Digital Health Mission and fully compatible with the other digital information systems presently being used in India. The refined IHIP with automated -data will help in a big way in real-time data collection, aggregation & further analysis of data that will aid and enable evidence-based policymaking, Vardhan explained.
Domestic passenger traffic slips to 10-year low in pandemic-hit FY21
The domestic passenger traffic in March 2021 has been estimated at around 77-78 lakh, a marginal decline of about 1 percent over February during which airlines had flown around 78.30 lakh passengers, it said.
Global Covid toll crosses 3m amid infection resurgence
“Indeed there is a very serious situation going on in Brazil right now, where we have a number of states in critical condition,” WHO epidemiologist Maria Van Kerkhove told a briefing last Thursday, adding that many hospital intensive care units are more than 90% full.
India reported a record rise in Covid-19 infections on Monday, becoming the second nation after the United States to post more than 100,000 new cases in a day.
IMA urges PM Modi to open COVID vaccination for all above 18 years
Making vaccination certificate mandatory for entering public places and to receive products under the public distribution system, was also part of the suggestions made by the association.
Volcanoes and hurricanes become destinations for ethical money
“Reliable contingency financing for disasters is a very important tool for society,” said Joanna Syroka, senior underwriter and director of new markets at Fermat Capital Management in London. “We’ve seen an increase in inquiries from end-investors who want to understand what ESG means in insurance-linked securities over the past year.”
Covid-19 affecting children more than in first wave, says paediatrician
“The second wave of Covid is known to affect the children much more than in the first wave. Also, a reverse trend is being seen that is – children develop symptoms first, and then adults are getting it from them. The difference is while in the first wave most of the children were asymptomatic, in the second wave they are coming with symptoms like fever, cold, dry cough, loose motions, vomiting, not feeding well, fatigue, loss of appetite, among other common symptoms. Few may also have breathing difficulties and rashes like any other viral fever,” he said.
IRDAI tightens product and pricing regulations to check undercutting or inflating of premiums by general insurers
Analysts point out that, such regulations to check undercutting of premiums, that have been happening since detariffing was launched in the Indian general insurance industry in 2007 were overdue. Such cut throat unethical competition was generating huge underwriting losses in the domestic general insurance indstry which was not good for the financial viabilities of the players who are saddled with underwriting losses and even net losses even after so many years of operations..
Open vaccination for people above 25 years:Maha CM to PM Modi
Thackeray wrote that the young generation is also getting infected by the virus, and to prevent the spread, people above 25 years be made eligible for vaccination.
The CM stressed the younger people have to travel in public to earn their livelihood.