Welcome to My Blog
Here is a masonry blog layout with no sidebar‘I don’t trust it:’ Vaccine hesitancy lingers even as China COVID cases surge
Officially, China's vaccination rate is above 90%, but the rate for boostered adults drops to 57.9%, and to 42.3% for people aged 80 and above, according to government data, prompting warnings that the country could see over 1.5 million deaths after lifting curbs such...
Surety Bonds: Govt allows insurers’ parity with banks as `secured creditors’ within insolvency law in case of defaults
Nitin Gadkari, Union Minister of Road Transport and Highways(Morth), will be formally launching the country's first Surety Bond on Monday Bajaj Allianz General insurance, with major reinsurance back ups from Munich Re and Swiss Re has already got its Surety Bond...
China’s cities battle first wave of COVID surge as wider spread looms
A sharp surge in deaths would test authorities' efforts to move China away from endless testing, lockdowns and heavy travel restrictions, and realign with a world that has largely reopened to live with the disease. BEIJING: Hearses bearing the dead lined the driveway...
Pension liability between J’khand-Bihar to be resolved in Eastern Zonal Council meet
Bihar alleges that Jharkhand is a debtor of more than Rs 4,000 crore while the latter says that Bihar is responsible for the undue and illogical burden on it The Jharkhand government filed a case in the Supreme Court regarding the same which may take time to reach a...
Global cholera surge likely accelerated by climate change, warns WHO
"The situation is quite unprecedented, for not only we are seeing more outbreaks, but these outbreaks are larger and more deadly than the ones we have seen in past years," said Philippe Barboza, WHO Team Lead for Cholera and Epidemic Diarrhoeal Diseases "This...
Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions
The employee unions are also opposed to the idea of insurers distributing insurers to distribute other financial products as it may distract the companies from their insurance products, distribution and proper attention on serving the policyholders Chennai: The Unions...
Impossible to track exact number of COVID cases in China: Chinese health agency
China's top official in charge of the pandemic, Sun Chunlan, while visiting hospitals on Wednesday said that China's capital, Beijing, has for the first time been hit by a significant outbreak. Chunlan explained that the country's focus needs to shift from preventing...
GST Council agrees to decriminalise certain offences, no GST on ‘no claim bonus’ in motor policy
Accepting one of the demands of the insurance industry, Revenue Secretary Sanjay Malhotra clarified that ‘no claim bonus’ offered by the insurance companies to an insured is an admissible deduction for valuation of insurance service and does not attract GST New Delhi:...
Working to introduce integrative medicine in all hospitals: Union Health Minister
Union Health Minister Mansukh Mandaviya The government has established 1,50,000 health and wellness centres across platforms that promote meditation, yoga, and all aspects and activities pertaining to integrated health and wellbeing New Delhi: Union Health Minister...
Oil tanker owners show signs of shunning Russia’s Asian crude
Since Dec. 5, buyers of cargoes from Russia have only been allowed to access industry standard insurance and an array of trade-critical services if they pay $60 a barrel or less There are tentative signs that oil tanker companies are avoiding sending their ships to...
Reinsurers to stop covering key war risks related to Russia-Ukraine conflict
Hannover Re and Munich Re are among reinsurers who have warned that they will cease to underwrite any kind of risks — even indirect ones — related to the conflict in Ukraine from the start of next year, according to people familiar with the matter. The major German...
Satellite launched to map the world’s oceans, lakes, rivers
Nicknamed SWOT — short for Surface Water and Ocean Topography — the satellite is needed more than ever as climate change worsens droughts, flooding and coastal erosion, according to scientists Perhaps most importantly, the satellite will reveal the location and speed...
Global coal consumption set to hit new high this yr despite ambitious goals
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report published Friday. It also said consumption will likely remain at that level until 2025, as declines...
WHO releases updated guidelines on treatment of drug-resistant tuberculosis
''Building on the newly available data, we now have a better and shorter all-oral treatment option for drug-resistant TB. This is a historic change that will be of great benefit to people suffering from drug-resistant TB, easing the burden on health systems and saving...
India’s electric vehicles value chain revenue pool expected to reach USD 76-100 billion by 2030: Report
The report indicates that 35–40 per cent of all vehicles sold in India by 2030 will be EVs, up from 2 per cent in 2022. This equates to approximately 14 million to 16 million new EVs sold each year Mumbai: India's electric vehicles (EV) value chain revenue pool is...
Investors become poorer by Rs 5.78 lakh cr in two days of market fall
''Global markets extended their rout as the European Central Bank (ECB) and Bank of England (BoE) followed the Fed in raising policy rates by half a per cent while maintaining a hawkish tone on inflation. The aggressiveness of central banks in combating inflation has...
Meta takes down CyberRoot Risk Advisory’s 40 accounts, 900 Chinese a/cs
''We removed a network of more than 40 accounts on Facebook and Instagram operated by an Indian firm called CyberRoot Risk Advisory Private. Rather than directly sharing malware on our apps, this group's activity manifested primarily in social engineering and...
RGIC launches new health cover
Reliance General Insurance Company (RGICL), launched first of its kind premium health insurance product – Reliance Health Infinity Policy. The product comes loaded with high sum insured up to Rs5 crores, superior features like MoreGlobal Cover, Maternity Cover, OPD...