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India logs over 2.5 lakh fresh COVID-19 cases, 385 deaths in last 24 hrs
Of the total cases, 8,209 total Omicron cases have been detected so...
No one can be forced to get vaccinated against their wishes: Centre to SC
"It is submitted that the direction and guidelines released by...
Economy hit by COVID-19 second wave to start recovering from July, says Chief Economic Advisor
Commenting on the stock market situation in the country, he said that the stock market is at a record high as investors believe that the Indian economy will do well.
The CEA said that the prediction of good economic growth and investment by developed nations in the Indian stock market has led the market to a record high.
General insurers seek cooperation from hospitals for faster settlement Covid-19 claims
The insurance companies are ready to extend their maximum cooperation to hospitals in completing the discharge process in the quickest possible time in all cashless claims as per the HC directives and solicit the kind cooperation of all hospitals in this regard, said Atul Sahai, chairman of GI Council and CMD of New India Assurance, the largest general insurer in the country.
Indian airlines may post $4.1 billion consolidated loss this fiscal: CAPA
“We expect that Indian airlines will lose a consolidated USD 4.1-billion in FY2022, similar to that in FY2021. This will take total losses over two years to around USD 8 billion as a result of the two COVID-19 waves,” CAPA said in the report.
Covid-19 variant 1st reported in India threatens to rapidly spread in sub-region: UNHCR
“. ,“We are particularly worried about the situation in the Asia and Pacific region, which in the past two months has experienced the largest increase in the number of cases globally.The highly infectious variant of the virus which first emerged in India threatens to rapidly spread in the sub-region, including among refugee populations.Over this period, there have been some 38 million recorded Covid-19 cases and more than half a million deaths, the UNHCR spokesperson said.” United Nations High Commissioner for Refugees (UNHCR) spokesperson Andrej Mahecic said
Covid-19 claims cost life reinsurers billions
The biggest costs for life reinsurers came from the US and to a lesser extent the UK and Canada but claims from other countries including South Africa and in Latin America added to the costs. Life reinsurers only have limited exposure to India.
BI estimates Swiss Re accounted for around 35% of claims followed by Reinsurance Group of America on 27% but the decline in deaths should mean much lower claims for the second half of the year.
7 EU nations start issuing Covid certs
Travellers can move freely if at least one of these three criteria is met. Bulgaria, Czech Republic, Denmark, Germany, Greece, Croatia and Poland made the certificates available. The system would be used in all 27 EU countries as of July 1. NYT
India may grant indemnity to Pfizer and Moderna for launching their Covid-19 vaccines
In another key waiver, the drug regulator has done away with the requirement of India-specific trials for foreign vaccines approved by specific countries and WHO for emergency use.
No recovery in global jobs market from pandemic until at least 2023: ILO
Women, young people and the 2 billion people working in informal sectors have been hardest hit, with 108 million more workers worldwide now categorized as poor or extremely poor compared to 2019, it said.
Israel finds probable link between Pfizer Covid shot and heart inflammation
Most of the cases occurred in young men, especially those between 16 and 19 years old. In most cases, patients were hospitalized for four days or less, and in 95% of the cases were classified as mild, the ministry said.
Virus disaster leaves deep scars on India’s economy
Surging unemployment, coupled with state lockdowns, a large increase in hospitalizations and fatalities amid the second wave and fears of a third wave, are prompting many people to cut spending.
Meanwhile, sales of cars and motorcycles fell 30% in April over March and are expected to slump by over 60% in May as automakers including Maruti Suzuki and Hero MotoCorp halted production for several days amid rising infections. Dealerships remain closed.