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SC asks Centre to discuss ticket price refund issue with airlines

The airlines instead of providing the full refund of the amount collected for the tickets due to cancellation, are providing a credit shell, valid up to one year, which is clear in violation of the Civil Aviation Requirement of May 2008 issued by the DGCA which clearly states that the option of holding the refund amount in credit shell by the airlines shall be the prerogative of the passenger and not a default practice of the airline, said the plea.

Coronavirus hitting the Americas hardest says World Health Organization

“We are very much in the upswing of this pandemic, particularly in the global South,” WHO’s top emergency expert Mike Ryan said. “Some countries are having trouble exiting of the so-called lockdowns as they are seeing an increase in cases.”

It was possible the disease was spreading again as societies reopened and people began meeting again, especially when there was inadequate testing and social distancing was insufficient.“Our fear is although it is declining in Europe it is increasing in other parts of the world. Even Europe cannot be safe because the virus can be reintroduced to Europe,” he said.

India’s COVID-19 cases jump from 2 lakh to 3 lakh in 10 days as it records worst daily spike

India took 64 days to cross the 1 lakh-mark from 100 cases, then in another fortnight it reached the grim milestone of two lakh cases. It has now become the fourth worst-hit nation by the pandemic with a caseload of 3,08,993, according to coronavirus statistics website Worldometer.

However, the Health Ministry said on Friday the doubling time of coronavirus cases has improved to 17.4 days from 15.4 days. And its data updated at 8 am on Saturday showed active cases at 1,45,779 and those who have recovered at 1,54,329; one patient has migrated.

“Thus, around 49.9 per cent patients have recovered so far,” a ministry official said.

Encourage non-motorised transport systems as they are environment-friendly: HUA

It is imperative that transmission of infection through public transport is curbed by adopting the right sanitisation, containment and social distancing measures, the Union Housing and Urban Affairs Ministry said.

“Touch-less systems like BHIM, PhonePe, Google Pay, PayTM and National Common Mobility Card will reduce human interaction in operations of public transit systems,” it said.

France looks to insure businesses for future pandemics

France’s private insurers would provide business-interruption cover of up to 2 billion euros ($2.2 billion) a year in total for small companies hit by the fallout of any future pandemics, under a system proposed by the industry body.

The proposals, which would not apply to the current crisis, are aimed at helping 2.9 million small and mid-sized companies to cover some losses should they be required by the state to shut down their businesses if disaster strikes again.Under the proposed mechanism, known as CATEX, private insurers and reinsurers would provide coverage of up to 2 billion euros annually to businesses overall, beyond which the state would step in via public reinsurer CCR.
The new guarantee would be built into either fire insurance contracts, which all France companies have; or into business interruption policies, which 50% of businesses have.

German insurers propose multi-billion euro pandemic fund

In Germany, a working group of the nation’s major insurers released an initial discussion paper on Friday, which determined that the fund needs to have a volume of more than 10 billion euros (£9 billion).

The pot would serve as “a quick liquidity help” until government emergency measures could be hammered out.

It would be financed by contributions from potentially affected businesses and insurance companies, as well as through catastrophe bonds and government coffers.

Competitors in the United States and throughout Europe are also in talks with governments to find ways to insure future outbreaks.

Govt says no community transmission of Covid-19 yet, but experts disagree

“It’s just that the health authorities are not admitting it. Even ICMR’s own study of SARI (severe acute respiratory illness) showed that about 40 per cent of those who tested positive for SARS-CoV-2 did not have any history of overseas travel or contact to a known case. If this is not community transmission, what is,” Leading virologist Shahid Jameel

Astrazeneca wins coronavirus vaccine deal with Germany, France, Italy and the Netherlands

The experimentation phase of the vaccine is already advanced and expected to end in the autumn, Italian Health Minister Roberto Speranza said in a Facebook post.

AstraZeneca has agreed manufacturing deals globally to meet its target of producing 2 billion doses of the vaccine, including with two ventures backed by Bill Gates and a $1.2 billion agreement with the U.S. government.

There are no approved vaccines or treatments for COVID-19, the highly contagious respiratory illness caused by the novel coronavirus.

Remdesivir rollout to take more time as pharma firms working on providing safety, quality data

The Union Health Ministry on Saturday, in its revised ‘Clinical Management Protocol for COVID-19’, recommended the use of remdesivir under emergency use authorization on patients with moderate disease — that is those on oxygen support. It is not recommended for those with severe renal impairment and in children less than 12 years, pregnant and lactating women.

Forget English, go vernacular: NITI Aayog CEO Amitabh Kant to fintech firms

If the financial sector firms do not adopt vernacular languages, all the previous efforts risk losing steam as people will get “alienated”, he warned.

He further said India has taken long strides on the financial inclusion front since 2011 by increasing the number of citizens who have bank accounts to 80 per cent now from 36 per cent.There is a need to go beyond account opening and savings products, and look at micro lending and micro insurance as well, he said.

Job loss most severe immediate impact of COVID-19: Survey

The preliminary results showed that loss of employment was considered as the most severe immediate impact of the crisis while lower economic growth and rise in inequality were probable long-term impact.

As per the survey, the immediate policy priorities suggested were protection of workers and families, short-term employment creation and income transfers to affected workers.