Welcome to My Blog
Here is a masonry blog layout with no sidebarSupreme Court allows personal bankruptcy cases on tycoons
The federal government in 2019 introduced the law that allowed lenders to file parallel bankruptcies against defaulting firms and the individuals who guaranteed those loans.
Lenders last year filed bankruptcy cases against businessmen including Reliance Group’s Anil Ambani, Dewan Housing Finance Corp Ltd.’s Kapil Wadhawan and Bhushan Power & Steel Ltd.’s Sanjay Singal. The cases were halted on appeals filed in higher courts.
Internet upgrade breathes new life into rural areas, new UN report finds
NOAA predicts another active Atlantic hurricane season
COVID-19 Pandemic intensifies risk in GCC countries:AM Best
Peak Re’s net profit rises 150% to $87.1 million in 2020,combined ratio at 97.6%
On outlook for 2021, LI Tao,chairman, Peak Re said, We expect 2021 to see a rebound in economic growth that will extend into 2022. With the recovery already underway in Asia, we are looking to our Asia Pacific region to continue to outperform other regions and be the growth driver for the broader economy, as well as the insurance industry. This presents significant room for us to further grow in emerging markets where economies are still expanding.As businesses learn to adapt to another “new normal”, the effects of COVID-19 will continue to filter through and impact the future risk landscape.
Faster than the virus’: India’s financial hub gears up for a third COVID-19 wave
The city is spending tens of millions of dollars to build the paediatric units and is already procuring ventilators, monitors and other medical equipment, Chahal said. Apart from these units, the government is also in talks with hospitals to increase the number of paediatric beds and ICUs.
The paediatric task force, led by Dr Suhas Prabhu, plans to train about 660 paediatricians on how to handle children affected by COVID-19, and then broaden the training to more staff. The third wave might not end up affecting children greatly, but cities like Mumbai cannot afford to be caught off guard, Prabhu said.
Bringing treatment to doorsteps of patients will reduce burden on health system: PM Modi
“Creating micro containment zones and distributing medicines at the doorstep of the people is a good initiative. We have to follow the initiative comprehensively in villages,” the PM said. “Bringing doctors, labs and e-marketing companies together to provide a telemedicine facility named ‘Kashi Kavach’ is also a very innovative initiative,” he said.
India and Pfizer hit impasse over vaccine indemnity demand -sources
“The whole problem with Pfizer is the indemnity bond. Why should we sign it?” an Indian government source with direct knowledge of the matter told Reuters.
“If something happens, a patient dies, we will not be able to question them (Pfizer). If somebody challenges in a court of law, the central government will be responsible for everything, not the company,” the source added.
IMF says ending COVID-19 pandemic possible at cost of some $50 billion
The proposal, drafted by IMF chief economist Gita Gopinath and staff economist Ruchir Agarwal, builds on efforts already under way by the Access to COVID-19 Tools (ACT) Accelerator, United Nations, World Health Organization and other groups.
Implementing the plan would cost some $50 billion, with $35 billion to be paid for by grants from rich countries, private and multilateral donors, and the remaining $15 billion to be funded by national governments using low- or no-interest financing available from multilateral development banks.
White House partners Tinder parent in hopes users swipe right on vaccinations
MHA asks states, UTs to strengthen facilities for vulnerable groups, kids orphaned due to COVID-19
The Centre has asked states and union territories to ”immediately review” the existing facilities for such groups, especially for children who have been orphaned, senior citizens who may require timely assistance and support (medical as well as safety and security), and members of the scheduled castes/scheduled tribes who may need guidance to access government-supported facilities.
Bombay High tragedy: Barge Master, others charged with culpable homicide
The development came two days after the police launched its probe based on an accident death report to ascertain why the barge allegedly failed to adhere to safety norms despite warnings of the impending Cyclone Tauktae which wreaked havoc on the country’s west coast last Sunday onwards.
Besides culpable homicide not amounting to murder, the barge Master and others are also charged with common intentions, negligent acts causing hurt to others, etc., said Mumbai Police Spokesperson and Deputy Commissioner of Police S. Chaitanya.
Upstream Security raises $36M from Mitsui Sumitomo Insurance to disrupt the telematics insurance space
The strategic partnership with MSI will help revolutionize the car insurance industry, allowing insurance companies to use connected vehicle data to gain meaningful insights for various insurance-related areas including improved risk management and enhanced customer experience.
The rapid growth of the connected car ecosystem has brought along with it an increased interest in telematics-based services. Upstream’s cloud-based mobility data platform expands MSI’s data analytics capabilities and enables MSI to provide additional risk-related services based on driver usage and behavior.
Covid deaths may be double, triple the official tally: WHO
On that basis, the WHO said it estimated that 1.1 million to 1.3 million people in 53 European countries died from Covid-19 in 2020, roughly double the number recorded in official data. It also calculates that, over the same period, 1.3 million to 1.5 million people died in 35 countries in the Americas, compared with the 9,00,000 deaths officially recorded.
Prices of Sputnik V Covid-19 vaccine may drop after local manufacturing begins: Dr Reddy’s
Covid-19 could become like common cold in future, study suggests
The research, published in the journal Viruses, makes this likely prediction based on mathematical models that incorporate lessons learned from the current pandemic on how our body’s immunity changes over time.
“Over the next decade, the severity of Covid-19 may decrease as populations collectively develop immunity,” said Fred Adler, a professor of mathematics and biological sciences at the University of Utah in the US said.
The study suggests that changes in the disease could be driven by adaptations of our immune response rather than by changes in the virus itself.