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`Let there be a Health Regulator or IRDAI should regulate hospitals,’ Alamelu
T L Alamelu, Member,(Non-Life),IRDAI Alamelu also cautioned insurers about the premium hikes and said the regulator is watching the situation "We have an eye on how insurers increase their premiums," Alamelu said Hyderabad: T L Alamelu, Member (Non-Life), Insurance...
Investors’ wealth tumble over Rs 5.80 lakh cr in two days of market slump
''Concerns over the new variant of Covid and the upcoming RBI meeting on interest rate kept the market volatile,'' Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd said. Mumbai:Investors' wealth tumbled Rs 5,80,016.37 crore in two...
PSBs restructure over Rs 58,500 cr loan advanced to 9.8 lakh MSME accounts amid pandemic: Govt
While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured New Delhi:Public sector banks (PSBs) effected restructuring of 9.8 lakh accounts of micro, small and medium enterprises, due to the impact of Covid-19...
PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar
According to official data, assets under management of discretionary and non-discretionary PMS (non-EPFO) stood at Rs 3.97 lakh crore at the end of October 2021 New Delhi:With sophisticated investors looking beyond traditional retail-oriented investments, Portfolio...
NPS generated good returns for subscribers, says PFRDA Chairman
Supratim Bandyopadhyay,Chairman,PFRDA "Over a period of 12 years, the returns under equity schemes are more than 12 per cent, and in government securities, it was close to 9.9 per cent, and in corporate bonds, despite some credit events that we have seen, we have seen...
Next pandemic could be more lethal than Covid, says Oxford vaccine creator
While the Covid-19 crisis is not over yet with the new super mutant Omicron spreading to 38 countries, the next pandemic could be even more lethal, said the creator of the Oxford/AstraZeneca vaccine Professor Sarah Gilbert. Delivering the 44th Richard Dimbleby...
Business Interruption and Cyber Attacks Identified as Top Concerns in Asia Pacific: Aon Study
“The world is a more volatile place and the importance of better decision making has never been greater, said Lambros Lambrou, CEO of Commercial Risk Solutions at Aon ``Long-tail risks are not single events. They’re innately interconnected, as we’ve seen with the...
Omicron: Parliamentary panel recommends evaluation of vaccines, more research for booster dose
In view of loss of life during the second wave of the COVID-19 pandemic, the committee noted that the measures taken by the health ministry to contain or prevent the spread of SARS-COV-2 proved to be squarely inadequate and suggested that the focus should be on...
Omicron! Why it’s too soon to panic about COVID vaccines and the new variant
Currently fewer than 200 genetic sequences of Omicron have been compiled compared with more than 2.8 million Delta sequences. Delta remains the most dominant variant. So we should continue to use vaccines and therapies we know work against Delta. By Adam Taylor, Early...
Maharashtra implements Motor Vehicles Act; hikes compounding fees for traffic offences
Driving without insurance will be punishable with Rs 2,000 compounding fees State transport commissioner Avinash Dhakane said the hike in compounding fees will help bring down accidents and ensure discipline among the citizens. "This will help improve overall road...
Only 22 persons got Covid treatment under Ayushman Bharat in Bihar
According to official data, 8.29 lakh persons underwent treatment using the Ayushman Bharat Yojana card during the first and second waves of the pandemic, but only 22 persons of Bihar availed treatment under the scheme Patna: Only 22 persons in Bihar were treated for...
BioNTech CEO says vaccine upgrade on the cards, ready to move quickly
BioNTech CEO Ugur Sahin BioNTech CEO Ugur Sahin reiterated that a product relaunch could be achieved within about 100 days and said a redesign is already under way. But any confirmation of the existing shot's protection against severe disease could buy developers time...
Asia in cautious mood as Omicron spreads, U.S. CPI looms
Omicron remained a concern as the variant spread to about one-third of U.S. states, though there were reports from South Africa that cases there had mild symptoms.BofA chief investment strategist Michael Hartnett favours real assets, real estate, commodities,...
LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%
The percentage of gross NPA is 7.78 percent while the net NPA is 0.05 percent at the end of March 2021. This is lower than gross NPA of 8.17 percent (as a percentage of its debt portfolio) and net NPA of 0.79 percent in the previous year Mumbai:Ahead of its proposed...
LS passes Bill on assisted reproductive tech clinics; MPs flag exclusion of single parents, LGBTQ people
The Bill, which envisages prevention of misuse, and safe and ethical practice of assisted ART services, also seeks to set minimum standards and a code of conduct for fertility clinics and egg or sperm banksAny clinic or bank advertising or offering sex-selective ART...
First case of Omicron detected in Delhi, more in Maharashtra
"So far, 17 COVID-19 patients and six of their contacts have been admitted to the Lok Nayak Hospital. The Omicron variant has been found in one of the 12 samples sent for genome sequencing so far, according to a preliminary report," Health Minister Satyendar Jain...
Indonesia Semeru volcanic eruption kills 13; dozens injured
Semeru, the tallest mountain on Java island, threw up towers of ash and hot clouds on Saturday that blanketed nearby villages in East Java province and sent people fleeing in panic. The eruption severed a strategic bridge connecting two areas in the nearby district of...
Lot of unhealthy speculation on crypto taking place, says FM: FM
Union Finance Minister Nirmala Sitharaman The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, has been included in the Lok Sabha Bulletin-Part II for the introduction in the ongoing Winter Session.The bill seeks to create a facilitative...