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''The impact of the Omicron variant on the market has cooled off...
India to be among a few economies to rebound strongly; impact of Omicron to be less severe: Finmin report
''India is among the few countries that have recorded four...
Over 21k tested positive for COVID after taking first dose of either Covishield or Covaxin: Gov
Of Covishield, 11.6 crore doses have been given. Ten crore received the first dose and 17,145 i.e. 2 per 10,000 people contracted the infection. About 1,57,32,754 individuals took the second dose of covishield and of that 5,014 (0.03 per cent) got infected. Two to four per 10,000 breakthrough infections have occurred, a very small number. This was mainly healthcare workers prone to more occupational hazards, he said
Covid-19 resurgence threatens vigorous global economic growth momentum
Emerging and developing economies accounted for two thirds of global growth before the pandemic and around 86% of the world’s population. The World Bank told them just this week that they must prepare for the possibility of their recoveries losing steam.
A nascent economic revival in India — the world’s sixth largest economy — is being threatened by renewed movement curbs across provinces to stem a new wave of infections that have topped 200,000 daily for the last week.
SC wants national plan on COVID-19 situation, including on oxygen supply
The bench, also comprising Justices L N Rao and S R Bhat, said it would examine the aspect relating to power of the high courts to declare lockdown amid the pandemic.
Why India is shattering global infection records
Despite warnings and advice that precautions were needed, authorities were unprepared for the magnitude of the surge, said K Srinath Reddy, president of the Public Health Foundation of India.
Critics have pointed to the government deciding to not pause Hindu religious festivals or elections, and experts say that these may have exacerbated the surge.
“Authorities across India, without exception, put public health priorities on the back burner,” Reddy said.
Vaccinating everyone above 18 yrs to cost just 0.36% of GDP: India Ratings
”This means that the total size of the population that will now be eligible for vaccination would be 84.19 crore out of the total population of 133.26 crore,” India Ratings and Research said a note.
Assuming two doses of vaccines at Rs 400 per dose for new vaccine procurement and 5 per cent wastage, the cost for the central government will come to Rs 62,103 crore for 155.4 crore doses, it said.
The total of the two comes to Rs 67,193 crore which ”works out to be just 0.36 per cent of GDP,” it noted.
The maximum impact is likely to be on Bihar (0.60 per cent of gross state domestic product or GSDP), followed by Uttar Pradesh (0.47 per cent), Jharkhand (0.37 per cent), Manipur (0.36 per cent), Assam (0.35 per cent), Madhya Pradesh (0.30 per cent) and Odisha (0.30 per cent).
Govt permits ICMR to conduct study on using drones to deliver COVID-19 vaccine
The ICMR will conduct this study in collaboration with Indian Institute of Technology (IIT) Kanpur, the ministry’s press release said.
FM asks IRDAI to act against insurers for denying cashless claims
‘Reports are being received of some hospitals denying cashless insurance. Spoken to Chairman, IRDAI Shri SC Khuntia to act immediately. In March’20 #Covid included as a part of comprehensive health insurance. Cashless available at networked or even temporary hospitals,’ the minister said in a series of tweets.
The Insurance Regulatory Development Authority of India (IRDAI), she added, has asked insurance companies to prioritise settlement of COVID claims.
SC wants “national plan” on Covid-19 situation, including on oxygen supply; Del HC says “country being run by God”
While the top court ‘suo motu’ (on its own) took note of the “grim” situation in the country and the havoc caused due to shortage of oxygen cylinders in hospitals, the Delhi High Court observed, “We all know that this country is being run by God,” a day after it came down heavily on the Centre over the Covid-19 management.
India reports highest single-day spike with 3,32,730 new COVID-19 cases
The country has recorded 2,263 new deaths due to COVID-19 in the last 24 hours. As many as 1,86,920 people have succumbed to the viral infection in India so far. There are 24,28,616 active COVID-19 cases in the country now
Governments need to be ‘insurers of last resort’ to protect businesses from pandemic risks: Report
Jad Ariss, Managing Director, The Geneva Association, said: “It is a tragedy that businesses, particularly SMEs, have suffered so much financial loss during the pandemic as a result of the lockdowns, which were beyond their control. The public sector had to step in with multi-trillion dollar emergency relief measures. Governments and insurers must work together on how to close the massive protection gap exposed by COVID-19, with governments as the leading players.”