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India urges foreign governments to easing travel restrictions for Indians

To a question on when the World Health Organisation (WHO) is expected to recognise Covaxin vaccine, he said its producer Bharat Biotech Limited has submitted the request along with all necessary documentation to the global body earlier this month.

Bagchi also said that more than half of the member states of the European Union have recognised Covishield, the vaccine manufactured by Pune-based Serum Institute of India.

World Health Organization’s struggle for a global COVID-19 vaccine plan

The WHO has expressed concern that wealthier countries hoarding vaccines for their own citizens could impede efforts to end the pandemic.

“We need to prevent vaccine nationalism,” WHO chief Tedros Adhanom Ghebreyesus said during a Tuesday virtual briefing. “Sharing finite supplies strategically and globally is actually in each country’s national interest.”

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WHO blasts ‘vaccine nationalism’ in last-ditch push against hoarding

The WHO has an Aug. 31 deadline for wealthier nations to join the “COVAX Global Vaccines Facility” for sharing vaccine hopefuls with developing countries. Tedros said he sent a letter to the WHO’s 194 member states, urging participation.
So far, the COVAX facility has attracted interest from 92 poorer countries hoping for voluntary donations and 80 wealthier countries, a number little changed from a month ago, that would finance the scheme, the WHO said.

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On Facebook, health-misinformation ‘superspreaders’ rack up billions of views: report

Facebook’s algorithm is a major threat to public health. Mark Zuckerberg promised to provide reliable information during the pandemic, but his algorithm is sabotaging those efforts by driving many of Facebook’s 2.7 billion users to health misinformation-spreading networks,” said Fadi Quran, campaign director at Avaaz.

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General insurers sell 7,50,000 Covid-19 policies covering 1.28 mn lives, earn a premium of Rs 215 crore:Alamelu

“96 percent of the population don’t have any kind of health cover against Covid -19 . During this time also a small out of pocket expense in hospitals can financially impact the customer. There is a need to reduce this gap,Today, health has become the biggest line of business under the general insurance category and by the year end, it will overtake motor insurance also” TL Alamelu,member, Non-Life, IRDAI, said.

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India’s COVID-19 tally crosses 27-lakh mark,death toll climbes to 51,797

the death toll climbed to 51,797 with 876 people succumbing to the disease in a span of 24 hours
There are 6,73,166 active cases of coronavirus infection in the country which is 24.91 per cent of the total caseload, while the number of recoveries has risen to 19,77,779.
Of the 876 fresh deaths reported, 228 are from Maharashtra, 120 from Tamil Nadu, 115 from Karnataka, 82 from Andhra Pradesh, 66 from Uttar Pradesh, 45 from West Bengal, 51 from Punjab, 23 from Madhya Pradesh, 18 from Delhi, 15 from Gujarat, 13 from Kerala, 12 from Haryana, 11 from Rajasthan and 10 from Odisha

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General insurance industry in Japan to contract in 2020 due to COVID-19, says GlobalData

Sangharsan Biswas, Insurance Analyst at GlobalData, comments: “The Japanese economy is projected to contract by 5% in 2020 due to the COVID-19 pandemic. Consumer spending in May 2020 had declined by 16% year-on-year. This translates to lower premium collections for general insurers, as businesses scale down their operations.”

The impact on Japan’s general insurance business is most visible in motor and property insurance, which together account for over 75% of the premiums. As per the data from Japan Automobile Dealers Association, new vehicle sales declined by 23% in June 2020, on a year-on-year basis.

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Lloyd’s Lab selects Thimble to develop Pandemic Business Interruption Insurance for SMBs

As part of Lloyd’s Lab, Thimble will tackle this issue head on. The startup, known for its instant insurance policies of flexible duration, will develop low-limit parametric contingent business interruption coverage to protect businesses from COVID-19 and future pandemics. By doing so, Thimble will position insurance as a “first line of defense” that pays small businesses immediately if specific criteria are met– essentially providing an “instant stimulus” while governments figure out the rest. 

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