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IRDAI forms panel to review performance and enhance efficiency of Insurance Ombudsman
The committee will be headed by Shalini Prasad, former special...
Class Action Suits: 2 separate cases to provide level a playing field for India’s minority investors
Following the insertion in 2016 of a class-action provision in the...
Stranded Suez Canal ship re-floated, marine services firm says
At least 369 vessels were waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers, and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels, SCA Chairman Osama Rabie told Egypt’s Extra News on Sunday. The ship’s technical manager Bernhard Schulte Shipmanagement (BSM) did not immediately respond to a request to comment.
Shipping rates for oil product tankers nearly doubled after the ship became stranded, and the blockage has disrupted global supply chains, threatening costly delays for companies already dealing with COVID-19 restrictions. Some shippers had decided to reroute their cargoes around the Cape of Good Hope, adding about two weeks to journeys and extra fuel costs.
COVID-19: Daily deaths over 300 for first time this year, 62,714 new cases
The 312 new fatalities include 166 from Maharashtra, 45 from Punjab, 14 from Kerala, 13 from Chhattisgarh, and 10 from Delhi
Over 40 mn old vehicles on Indian roads, Karnataka tops list at 700,000
More than four crore vehicles have been found to be older than 15 years, including over two crore which are more than 20 years old, as per the data.
The digitised vehicle records are as per the centralised Vahan database that excludes “Andhra Pradesh, Madhya Pradesh, Telangana, and Lakshadweep”, the ministry said.
Uttar Pradesh occupies the second spot with 56.54 lakh vehicles, of which 24.55 lakh are older than 20 years.
Suez Canal blockage could cost $6 bln to $10 bln in lost trade -Allianz
The study by Europe’s biggest insurer also found that each week of immobilisation shaves some 0.2 to 0.4 percentage points off annual trade growth.
“The problem is that the Suez Canal blockage is the straw that breaks global trade’s back,” the study’s authors wrote.
Insurer CNA hit by ‘Sophisticated’ cyber attack
Upon learning of the incident on March 21, the insurer said it immediately engaged forensic experts to investigate and determine the full scope of this incident. That investigation is ongoing.
Vaccines may need regular updates as coronavirus evolves, say scientists
The scientists said the novel coronavirus genome is currently estimated to change at a rate of approximately 10 mutations per 10,000 base molecules per year, meaning the speed at which it evolves is substantially higher than that of the endemic coronaviruses.
62,258 new Covid-19 cases,Six states account for 79.57 per cent of fresh infections
Maharashtra, Kerala and Punjab cumulatively account for 73 per cent of the total active cases in the country.
The total vaccination coverage in the country has crossed 5.8 crore, the ministry said.
Increase testing, Centre to 12 states, UTs reporting surge in cases as India records sharpest weekly rise since May last
Besides the ”strong advice” given by the Centre for a significant increase of testing in all districts in line with their positivity rate, the strategy to be adopted included effective isolation and contact tracing of that infected, Re-invigoration of Public and Private Healthcare resources, ensuring of COVID Appropriate Behaviour and targeted approach to vaccination in districts reporting large numbers.
At least six dead in Mumbai hospital fire
More than 70 patients with COVID-19 infections in the private hospital, on the third floor of the mall, were evacuated to other centers, local civic officials said, adding that the cause of the fire was being investigated.
Surge in fresh COVID-19 cases, India records 59,118 new infections
Registering an increase for the 16th day in row, the active cases have increased to 4,21,066 comprising 3.55 per cent of the total infections, while the recovery rate has further dropped to 95.09 per cent, the data stated.