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Pandemic

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HC seeks Delhi govt, IRDA stand on plea against insurance co not paying full claim on Covid death

The plea further sought to direct the IRDA to take strict action against the insurance firm for violating its guidelines, framed for insurers to include the expense incurred on hospitalization and treatment of COVID-19 patients, and to ensure its compliance so that no insurer may escape from their liability of making payment.

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India gave priority to poor in its strategy to combat COVID-19 crisis: PM Modi

He noted that over 80 crore citizens have been provided free ration after the COVID-19 started in the country.

“Not just wheat, rice or pulses but over 8 crore poor families were even provided free gas cylinders during the lockdown. Over 20 crore women received around Rs 30,000 crores directly in their Jan Dhan bank accounts,” the Prime Minister stated.

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No work, no food: Pandemic deepens global hunger

The World Food Program sounded the alarm further last week in a joint report with the UN’s Food and Agriculture Organization, warning that “conflict, the economic repercussions of Covid-19 and the climate crisis are expected to drive higher levels of acute food insecurity in 23 hunger hot spots over the next four months,” mostly in Africa but also Central America, Afghanistan and North Korea.

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Downbeat Indian consumers withhold spending amid pandemic, says RBI survey

“The sentiments on overall spending remained unchanged as higher spending on essential items were offset by a drop in non-essential expenditure with consumers expecting further contraction in discretionary expenditure in the year ahead,” the RBI said.

With forecasters warning of a third wave, any new restrictions could spell more bad news for the country, where private consumption makes up some 60% of gross domestic product.

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J&J seeks emergency use nod for COVID-19 vaccine in India

Indian health authorities have so far approved the use of vaccines developed by AstraZeneca,  Bharat Biotech, Russia’s Gamaleya Institute and Moderna.

The government and Moderna are still trying to sort out issues over imports of the vaccine and indemnity, a top executive at Indian drugmaker and Moderna’s local distribution partner Cipla told Reuters in an interview on Friday.

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