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As India coronavirus cases spike, experts daunted by prospect of South Asia spread

by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  MUMBAI:  India has ramped up the screening of travellers to keep the coronavirus at bay but a flurry of new cases has experts warning that it may be hard to contain a spread in densely populated South Asia with its generally poor medical...

EPFO loweres interest rate on employee provident fund to 8.5%

by AIP Online Bureau | Mar 5, 2020 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: Employees Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on deposits to 8.50 per cent for the current financial year (FY20) from 8.65 per cent in 2018-19.   The lowering of interest rate would mean that salaried...

India’s $476 billion forex firepower can help arrest rupee’s panic drop

by AIP Online Bureau | Mar 5, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

Mumbai: India’s central bank kept amassing dollars all through 2019, ending the year with Asia’s biggest jump in foreign-exchange reserves. That may come in handy now.   Authorities may deploy some of the stockpile to steady the rupee, which has...

Existing health policies cover coronavirus:GI Council

by AIP Online Bureau | Mar 5, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life

  Mumbai: The General Insurance Council, the apex industry lobby of the 44-member strong non-life insurers, on Thursday said almost all health insurance policies cover epidemics, including coronavirus. The statement comes after the regulator Irdai on Wednesday...

Coronavirus does not spread through chicken, mutton, seafood: FSSAI chief

by AIP Online Bureau | Mar 5, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

There is no scientific evidence to show that coronavirus — originated from China — spreads through eating chicken, mutton and seafood, FSSAI chief GSG Ayyangar said on Thursday and asserted that the virus would not survive in higher temperature.  ...
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