“it is estimated that around 10 to 12 lakh people visit these Jan...
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Tesla, rivals get low marks for automated-driving technology
The US based IIHS, a safety research arm of the insurance industry,...
Reliance’s fuel supply to Europe avoids Red Sea -sources
Reliance, in its chartering contracts, is offering tanker owners a...
Vaccinating the world means solving patent impasse; India has suggestion
The International Federation of Pharmaceutical Manufacturers and Associations argues that suspending patents is fraught with danger. If you waive patents this time round, you risk harming the whole medical infrastructure that allowed Covid vaccines to be developed in record time, said Director General Thomas Cueni.
Auto sector suffered Rs 2,300-cr loss a day in lockdowns, says par panel
“The committee was informed by the auto industry associations that all the major original equipment manufacturers (OEM) have cut down their production by 18-20 per cent due to low demand and decline in sales of vehicles. As a result, the employment scenario in the automobile sector has been affected and an estimated job loss in the auto sector at 3.45 lakh,” the panel said in its report.
Hiring of manpower has been stopped in the auto industry sector. Besides that, 286 auto dealers have been closed. Further, production cuts in the automobile sector have a percolating negative impact on the component industry adversely affecting the Micro, Small and Medium Enterprises (MSME) engaged in the automobile spare parts manufacturing, the report states.
Covid-19 isn’t relatively harmless for younger adults as thought earlier
Young, healthy people are low on the priority list for the vaccine rollout. That means that modifying behavior now can save thousands of young lives next year.
Cipla launches rapid antigen test for Covid-19 diagnosis
The test is a rapid point-of-care nasopharyngeal swab test that directly detects the presence or absence of coronavirus antigen in the patient’s body, generating results within 15-20 minutes. Only authorised labs are permitted by ICMR to conduct the rapid antigen testing. The test will be marketed under the brand name ‘CIPtest’.
Bharat Biotech’s Phase I result shows coronavirus vaccine safe
The company earlier this month sought emergency-use authorization from the Indian drug regulator for its COVID-19 vaccine to help achieve its plan to launch COVAXIN by the second quarter of 2021.
Airlines warned over safety as jets return from pandemic storage
Worried by IATA’s data, insurers are questioning airlines about whether they are doing extra pilot training to focus on landings, said Gary Moran, head of Asia aviation at insurance broker Aon PLC.
“They want to know about the circumstances of the training,” he said.
Swiss Re Corporate Solutions to write direct insurance in S. Africa
Swiss Re Corporate Solutions Africa said it will underwrite some of the largest and most complex risks in South Africa across a broad spectrum of industries. With a focus on mid- and large-sized corporate customers, the company provides commercial insurance services primarily in the property, engineering & construction, energy (operational power including renewable energy & operational mining), casualty, bank trade & infrastructure, surety, and financial & professional liability lines of business.
“1.45 crore cashless treatments have been provided to the poorest citizens under AB-PMJAY”
“We have made remarkable progress in operationalizing Ayushman Bharat – Health and Wellness Centers and crossed a major landmark in our journey. With 51,500 centres now functional, more than one-thirds of the target has been met. This has led to improved access to affordable primary healthcare services for more than 25 crore people,” Union Health minister Harsh Vardhan said.
Earnix launches its Usage and Behavior-Based insurance offering
The pandemic has accelerated the surge in consumer demand for personalization in insurance, and specifically, for UBI and BBI. This phenomenon will forever change how people and businesses consume insurance and will require all carriers to personalize in real-time the products and prices they offer,” said Udi Ziv, CEO at Earnix.
$83 billion global insured cat losses in 2020, the fifth-costliest on record:Swiss Re
”As with COVID-19, climate change will be a huge test of global resilience.Neither pandemics nor climate change are ‘black swan’ events. But while COVID-19 has an expiry date, climate change does not, and failure to ‘green’ the global economic recovery now will increase costs for society in future,”said Jerome Jean Haegeli, Swiss Re Group Chief Economist.