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India’s coronavirus cases rise to 5.2 million, with 96,424 new infections
Deaths in India have been relatively low, and it has a fatality rate of 1.62%.
On Friday, the health ministry said 1,174 people died of COVID-19 in the last 24 hours, taking total mortalities from the disease to 84,372.
Some Indian hospitals scramble for oxygen as coronavirus cases top 5 million
At least 6% of India’s nearly 1 million active cases need oxygen support, health ministry official Rajesh Bhushan told reporters. Supplies were adequate but state governments should monitor usage and flag shortages, he said.
“The problem happens when at a facility level, if there is no inventory management. Every state should ensure this,” Bhushan said.
Sri Lanka seeks at least $1.9 million damage from owner of fire-hit tanker
Nishara Jayaratne said the cost was for services provided by various departments including the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority, among others, up until Sept. 15.The vessel is chartered by Indian Oil Corp to import 2 million barrels of oil from Kuwait to Paradip in eastern India.
Airlines in India seek $1.5 bn in interest-free credit line, says govt
The government is engaged with aircraft lessors and financiers to ensure there is no premature withdrawal of planes, Civil Aviation Minister Hardeep Singh Puri said. Local traffic has slumped almost 80 per cent to just 12 million passengers in the five months to July 31, eroding airline revenues, he said.
Close to 3 million jobs in aviation and related industries as well as more than $11 billion in revenue could be lost in India this year because of the pandemic according to the International Air Transport Association.
COVID-19 tally in India crosses 50-lakh mark
The COVID-19 case fatality rate due to the coronavirus infection further dropped at 1.63 per cent.
There are 9,95,933 active cases of COVID-19 in the country which comprises 19.84 per cent of the total caseload, the data stated.
According to the ICMR, a cumulative total of 5,94,29,115 samples have been tested up to September 15 with 11,16,842 samples being tested on Tuesday.
Maharashtra: Panel formed to cap charges for CT scans for Covid-19 patients
“Some patients need to undergo CT scans but there have been complaints that private hospitals were charging exorbitantly for such tests. To address these concerns, the government decided to set up a committee,” an official from the state health department said.
Munich Re Ventures invests $60mn in digital insurer ACKO
“Munich Re has been a strategic partner to ACKO since inception and we are really excited to bring them on board as our investor. As one of the largest reinsurance companies globally, their investment shows confidence in our data and technology-driven business model,” Dua, Founder and CEO, ACKO. Said in a statement.
Pandemic’s ‘great reset’ makes energy firms invest more in renewables: executives
Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in the second quarter and prices hit their lowest in decades, making companies rethink how fast they should make the transition away from reliance on oil and gas.
“Everyone’s talking about this great reset . What do we need to do to survive this?” Arif Mahmood, Petronas’ executive vice president and CEO of downstream, said at the virtual Platts APPEC 2020.
“Energy transition will be pushed forward much faster,” he concluded.
China’s Anbang Insurance Group to apply to disband, liquidate
After the Anbang take-over, China has tightened regulations on the country’s financial holdings companies to defuse risks accumulated by a group of non-financial firms that it says expanded blindly into the financial sector.
On Sunday, the People’s Bank of China (PBOC) issued related new rules, setting requirements on registered capital, total assets, and assets under management on eligible financial holdings firms.