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Here is a masonry blog layout with no sidebarIndia needs $8 trn new greenfield assets to be $5 trn economy by FY27: Report
The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy.
In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year, it said.
Madras HC quashes order increasing speed limit to 120 kmph on highways
The present bench observed that though there was a better engine technology and improved road infrastructure, there was no improvement in compliance of the road safety rules by the motorists.
From the report released by the Ministry of Road Transport and Highways, the number of deaths taking place on roads would prove that more accidents were occurring due to over speeding.
When over speeding was a major cause for road accidents, it is not known as to how the improvement in road infrastructure and engine technology would reduce accidents. In fact, better engine technology would always be a reason for uncontrolled speed and thereby, cause more accidents, the bench said.
Large claims push up Cyber premiums by 39% for all European industries: Marsh
Malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019,according to a report published by Marsh, the world’s largest insurance broker and risk advisor, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm,
Ransomware attacks accounted for 32% of cyber claims in 2020 – more than double that recorded for 2016-2020 (14%). Overall, cyber insurance claims across Continental Europe rose by 8% in 2020.
No of people who got at least one jab in India highest in world: Health Ministry
Indian study finds big drop in COVID antibodies within four months of vaccination
Waning antibodies do not necessarily mean that immunised people lose their ability to counter the disease, as the body’s memory cells may still kick in to offer substantial protection, said the director of a state-run institute that did the study.
“After six months, we should be able to tell you more clearly whether and when a booster would be needed,” Sanghamitra Pati of the Regional Medical Research Centre, based in the eastern city of Bhubaneswar, told Reuters on Tuesday.
Novavax expects to make available at least 2 bln COVID-19 vaccine doses in 2022
“We’re already engaging in conversations about incremental procurement for the second half of 2022, as well as early 2023, especially given current vaccination rates around the globe,” said John Trizzino, chief commercial officer at Novavax, adding that the booster strategy would create additional demand for its vaccines.
SpiceJet settles with Boeing MAX aircraft lessor CDB Aviation
In August, India’s air safety regulator, the Directorate General of Civil Aviation, said it cleared 737 MAX aircraft to fly with immediate effect, after nearly two-and-a-half years of regulatory grounding.
SpiceJet said in August it expected the grounded 737 MAX jets in its fleet to return to service at the end of September after a settlement with lessor Avolon on leases of the aircraft.
Hannover Re expects higher prices in P&C 2022 reinsurance renewals
The Asia-Pacific region is evolving into one of the largest global insurance markets. This growth holds the promise of further significant business opportunities, in part because the insurance density here is still lower than in more mature markets. Not only in property and casualty reinsurance but also in the health and provision sector, appreciable growth rates can be anticipated over the medium to long term, which will also benefit reinsurers.
Surges and vaccines: Here’s what next six months of pandemic will bring
With billions of people around the world yet to be vaccinated and little chance now of eliminating the virus, we can expect more outbreaks in classrooms, on public transport and in workplaces over the coming months, as economies push ahead with reopening. Even as immunization rates rise, there will always be people who are vulnerable to the virus: Newborn babies, people who can’t or won’t get inoculated, and those who get vaccinated but suffer breakthrough infections as their protection levels ebb.
Nations like Denmark and Singapore, which have managed to keep cases relatively contained, are already moving toward a post-pandemic future with fewer safety restrictions. Others, such as the U.S. and U.K., are opening up even as infection numbers near records. Meanwhile, China, Hong Kong and New Zealand have vowed to keep vigilantly working to eliminate the virus locally. As a result, they are likely to be among the last places to leave behind the disruption wrought by walling out the pandemic.
Ida losses to range from $17 to $ 25 billion:AIR
Included in the estimates are losses to onshore residential, commercial, industrial properties, and automobiles for their building, contents, and time element coverage, as well as estimated insurance take-up rates for wind and flood across the entirety of Ida’s track, including the flooding that occurred in the Northeast.
AIR’s losses do not include any estimate of losses from the National Flood Insurance Program, or any losses from offshore assets. The industry loss estimates also reflect an adjustment to account for increased material and other repair costs in the current construction market.
India Inc spent over Rs 1,600 crore on mitigating second Covid-19 wave: study
The support of the CSR initiatives of corporates included over 200 oxygen plants, setting up more than 75 makeshift hospitals and Covid wards with over 10,000 beds, 3,500 ventilators and 140,000 oxygen concentrators. Importantly, 33 companies contributed more than Rs 150 crore to conduct community awareness activities across 17 states, the report said.
Aviation Ministry grants ICMR conditional permission to use drones for vaccine delivery
RBI cautions against frauds in the name of KYC updation
The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, like calls, SMSs and emails by customer urging him/her to share certain personal details, account/login details/card information, PIN and OTP or install some unauthorised/unverified application for KYC updation using a link provided in the communication.
Insurers can sell 2 short term Carona covers till March 2022:IRDAI
Earlier,many insurance companies have rolled out these standard health insurance policies since July 2020, which orginally were supposed to remain valid until March 31, 2021, but were allowed to issue the policies till September 30, 2021.
The exemptions granted to insurers for issuance of electronic policies as well as dispensing with physical document and wet signature have been extended upto March 2022.
Jet Airways to resume domestic operations in first quarter of 2022
IRDAI asks insurers to come out with new title insurance policies
The main objectives of the ”new Title Insurance products” are to provide cover to promoters/ developers, preferring to opt for a minimum legal defence cost, and end users (allottees, individual buyers and financiers) at the time of possession/handing over of the property unit for protection against any legal suits in future.
Britain begins world’s largest trial of blood test for 50 types of cancer
The Galleri test looks at the DNA in a patient’s blood to determine if any come from cancer cells. Earlier diagnosis of cancers leads to dramatically increased survival rates.
“We need to study the Galleri test carefully to find out whether it can significantly reduce the number of cancers diagnosed at a late stage,” said Peter Sasieni, professor of cancer prevention at King’s College London.
Lung cancer is by far the most common cause of cancer death in the United Kingdom, accounting for around a fifth of all cancer deaths. Lung, bowel, prostate and breast cancers account for 45% of the United Kingdom’s cancer deaths, the NHS said.
In a new review, scientists and others say boosters aren’t needed for the general population.
Only in people older than 75 do the vaccines show some weakening in protection against hospitalization. Immunity conferred by vaccines relies on protection both from antibodies and from immune cells. Although the levels of antibodies may wane over time — and raise the risk of infection — the body’s memory of the virus is long-lived.