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X-Ray Setu plans to on-board 10K doctors for COVID detection in rural areas

”We are planning to create a strong network of 10,000 doctors in the next 15 days who are trained in leveraging XraySetu, so that when the third COVID wave comes, we are ready with solutions that can reach doctors in rural areas,” said non-profit organisation Artpark CEO Umakant Soni.

He said that India had 5,335 rural community health centres (CHCs) as of March 31, 2019 that can be used and private estimates indicate that two-third of them have a working X-Ray machine and a technician to operate it.

Lucknow man alleges no antibodies developed after taking Covishield shot, files complaint against Adar Poonawalla, ICMR chief

“If FIR is not filed, then I will move to the Court. I have also mentioned in this complaint all those government institutions, whose authorised this vaccine for vaccination. This matter is being considered by the higher authorities, after which further action can be taken,” he told ANI.

By July or early August, will have enough COVID-19 vaccine to inoculate 1 cr people a day: Centre

“Mixing of vaccine is not the protocol yet, same vaccines (Covishield and Covaxin) are to be administered for both doses. Stick to the SOP. There’s international research underway on the mixing of vaccines as the possibility of a positive effect is also plausible but a harmful reaction cannot be ruled out either. It is an unresolved scientific question, science will settle it,” said NITI Aayog’s V K Paul at the press briefing.

German ‘insurtech’ Wefox raises $650 mln at valuation of $3 bln

Wefox founder and CEO Julian Teicke told Reuters the Series C round had drawn strong investor demand because Wefox was growing both rapidly and more profitably than rival online insurers that are losing money.

He put that down to Wefox’s strategy of offering digital tools that enable insurance agents to streamline and automate labor intensive processes. Agents sell nine out of every 10 policies in Europe, leaving direct-to-consumer competitors like Lemonade fighting for a smaller piece of the market.

Economy:Emerging Bangladesh

Bangladesh’s growth rests on three pillars: exports, social progress and fiscal prudence. Between 2011 and 2019, Bangladesh’s exports grew at 8.6% every year, compared to the world average of 0.4%. The success is largely due to the country’s relentless focus on products, such as apparel, in which it possesses a comparative advantage.

Coronavirus stress increased suicidal thoughts among people: Study

“We can use these findings to target which stressors are the most toxic in terms of driving people towards thoughts of suicide. While some of these may ease as we come out of lockdown, others may persist well into the future,” said Professor Nicola Gray, from Swansea University.

“Many of these stressors are difficult to avoid, so we also need to instill hope for the future in our communities to help people get through these difficult times,” added Professor Robert Snowden from Cardiff University.

China, in major policy shift, announces families can have three children

“To further optimise the birth policy, (China) will implement a one-married-couple-can-have-three-children policy,” Xinhua said in a report on the meeting.
In 2016, China scrapped its decades-old one-child policy – initially imposed to halt a population explosion – with a two-child limit, which failed to result in a sustained surge in births as the high cost of raising children in Chinese cities deterred many couples from starting families. read more

Punjab National Bank to divest stake in Canara HSBC OBC Life Insurance

PNB, however, has not disclosed how much stake it will dilute in Canara HSBC OBC Life Insurance.

It is also a promoter of another insurer PNB Metlife Insurance, owning the highest stake of 30 per cent. The company was set up in 2001, in which other shareholders include US-based Metlife with 26 per cent, Elpro (21 per cent) and M Pallonji & Company (18 per cent).
The erstwhile OBC held 23 per cent stake in the life insurer, which by virtue of amalgamation has come to PNB.

Canara Bank owns 51 per cent stake, while HSBC Insurance (Asia Pacific) Holdings Ltd as a foreign partner owns 26 per cent.

Covid-19 second wave hits PSBs collection in May: Indian Bank Association

Replying to a question on the impact of the second wave on collection in Equated Monthly Installment (EMI) of Home Loan, Personal loan and payment of credit card bills when compared with the first wave, R Rai said, “We have seen some substantial improvement in the month of April 21 against April 2020, but we are witnessing the impact on the collection of banks in the current month of May.”

India poised to grow at world’s fastest rate despite virus

The biggest hit from the second wave of Covid infections has been to demand, with a loss of mobility, discretionary spending and employment, the Reserve Bank of India said earlier this month.
Even as virus cases have started receding and some parts of the country may reopen by June, consumers are unlikely to spend freely, given the economic uncertainties and with unemployment at its highest level in a year.

Can people vaccinated against COVID-19 still spread the coronavirus?

COVID-19 poses a particular challenge because people with asymptomatic and pre-symptomatic infections can spread the disease and insufficient contact tracing and testing mean those without symptoms are rarely detected.

Some scientists estimate that the number of asymptomatic COVID-19 infections in the overall population could be 3 to 20 times higher than the number of confirmed cases.