In a notification dated July 12, the Finance Ministry said the basic customs duty exemption on raw materials for manufacturing Covid test kits would be till September 30, 2021. While the exemption on specified API (active pharmaceutical ingredients)/ excipients for Amphotericin B would be valid till August 31.
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India’s first Covid-19 patient tests positive again for coronavirus: Report
Her samples were tested as she was prepared to go to New Delhi for study purposes.
It was on January 30, 2020 that the third year medical student from Wuhan university tested positive for coronavirus, becoming the country’s first COVID-19 patient, days after she had returned home following semester holidays.
World witnessing third wave, ensure it doesn’t hit India: Dr VK Paul
“We would like to request to everyone, when we talk about the third wave (of COVID-19), we are taking it as a weather update and not understanding its seriousness and our responsibilities associated with it,” he said. Agarwal also highlighted that the Centre has deputed teams in 11 states so that they can help the state governments in COVID-19 management.
Business interruption insurance claims are a worry, BoE says before court rules
Britain’s Financial Conduct Authority goes to court this month to clarify whether an array of wordings in business interruption insurance policies back claims for compensation for disruptions caused by pandemic lockdowns.
Chubb wants U.S. to offer businesses pandemic cover, with insurers taking some risk
Under Chubb’s plan, the government would offer up to $750 billion in coverage for small businesses with up to 500 employees. Of that, the industry would pay for 6% of claims, or up to $15 billion, during the program’s first year, growing annually to 12% by year 20. COVID-19, the disease caused by the novel coronavirus, would be excluded.
India’s COVID tally climbs to 7,67,296
“Around 62.08 per cent of patients have recovered so far,” an official said.
Of the 487 deaths, 198 are from Maharashtra, 64 from Tamil Nadu, 54 from Karnataka, 48 from Delhi, 23 from West Bengal, 18 from Uttar Pradesh, 16 from Gujarat, 12 from Andhra Pradesh,
Global coronavirus cases rise to more than 12 million
There have been more than 546,000 deaths linked to the virus so far, within the same range as the number of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities surged in Europe and then later in the United States
COVID-19 pandemic plunges working world into crisis – ILO
“Let’s be clear: it’s not a choice between health or jobs and the economy. They are interlinked: we will either win on all fronts or fail on all fronts,” United Nations Secretary-General Antonio Guterres told an ILO summit that will be addressed by dozens of heads of state and government via recorded messages.
Masks,disinfectant,social distancing:Japan responds to disaster amid coronavirus
“We kept saying, ‘Check your hazard map,’” said Masako Yoneda of the Japan Academic Network for Disaster Reduction, which issued an urgent warning on the topic in May. “But still, there are people who don’t check.”
Covid 19 Pandemic:Generali launches a new system for remote facility inspection for large companies
• Generali Global Corporate & Commercial Iberia & LatAm has developed an exclusive remote facility inspection system available on mobile
• This innovative solution simplifies processes for clients and brokers contingent on Covid pandemic travel bans
• The inspection system has been set up on a permanent basis for risk management and analysis
As insurers face hefty pandemic losses,newcomers see chance to step in
A lot of firms are reducing the amounts of business they do in certain types of insurance, creating space for new entrants, said Convex deputy chief executive Paul Brand.Investors’ appetite for higher returns when central banks are putting in trillions of dollars in stimulus is attracting them to insurance.Broker Hyperion estimates around $16 billion in capital has already been raised by insurers this year, compared with $9 billion over the same period last year.
Beazley launches booking system for virtual broker meetings
Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses Microsoft’s low code platform Power Platform to create a simple web application that brokers can access using a secure log-in provided by Beazley.
Beazley Booking enables brokers to view underwriter availability, book a meeting time, upload an agenda and documents in advance and view all of their scheduled meetings with Beazley underwriters. It aims to ensure brokers retain consistent access to their underwriting contacts during social distancing and beyond as the insurance industry adopts more flexible working practices in the long term. It also provides underwriters with access to a detailed log of broker enquiries and appointments on a fully secure system.
Travelers are venturing out again but avoiding planes, international trips, survey shows
Survey showed.About 51% of people in North America and Latin America plan to book trips in the next six months, compared with 38% in Asia and Europe, according to the survey by software maker Oracle Corp.,Travelers want to stay close to home, preferring to drive and to avoid international trips.