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Here is a masonry blog layout with no sidebarDelhi’s popular autorickshaws become COVID-19 ambulances
RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity by 20%: Crisil
”Increased availability of funds at low cost will incentivise hospitals to augment beds, oxygen storage, ICUs and critical medical equipment,” its chief ratings officer Subodh Rai said.
If half of the Rs 50,000 crore window is utilised by augmenting hospital beds, the number of beds will go up by 15-20 per cent of the current capacity, he added.
Life insurers’ new business premium up 45% at Rs 9,739 cr in Apr
All 24 life insurers had collected Rs 6,727.74 crore as new business premium during the same month a year ago.
The largest insurer, state-owned LIC posted 35.6 per cent rise in the first year premium or new business premium at Rs 4,856.76 crore in April 2021, as against Rs 3,581.65 crore in the year-ago month, the Insurance Regulatory and Development Authority of India (Irdai) said.
BBB selects Mini and Pattanaik as MDs of LIC
BBB selects Gupta and Singh for heading National Insurance and United India
“The Board of the Bureau headed by BP Sharma interfaced with eight candidates on Friday for the forthcoming CMD positions in NIC and UII and keeping in view their performance in the interface and their overall experience, Gupta and Singh have been selected for the two posts,” said BBB on Friday late evening.
IRDA asks insurers to launch Standard Domestic Travel Insurance Policy by July 1
A Standard Domestic Travel Insurance Policy will have Room Rent, Boarding, Nursing Expenses all inclusive as provided by the Hospital / Nursing Home up to 2 per cent of the sum insured subject to maximum of Rs.10000/- per day, are allowed in the policy.
Intensive Care Unit (ICU) charges/ Intensive Cardiac Care Unit (ICCU) charges all inclusive as provided by the Hospital / Nursing Home up to 4 per cent of the sum insured subject to maximum of Rs.20,000/- per day, can availed by a customer..
India reports highest-ever single-day spike with 4,12,262 new COVID-19 cases, 3,980 deaths
India’s struggle to track new Covid-19 variants could worsen the crisis
Variants are already outracing vaccination progress in many parts of the world, fueling bigger outbreaks that spread faster. While some rich nations that secured effective vaccines early have seen their epidemics wane, the virus is still spreading like wildfire in developing economies, prolonging the pandemic.
PIL for vaccination centres at RWAs, NGOs offices; HC asks authorities to treat it as representation
‘Human catastrophe’ as India’s Covid-19 surge spreads to Nepal
US reissues travel advisory urges Americans not to travel to India
“Do not travel to India due to COVID-19. Exercise increased caution due to crime and terrorism,” the State Department said on Wednesday in its latest travel advisory that looked identical to the one issued on April 28.
Both the travel advisory has been marked ‘Level 4’ which is the highest warning level.
Foreign players can invest upto 74% in Indian insurance sector soon:Irda Chief
“We are committed to usher in risk-based capital (RBC) framework, which is more objective and beneficial for insurers that manage risk well. It should be possible to change over in a period of 3 years. We also plan to synchronise with the new accounting standard Ind AS 117 based on IFRS-17,” explained said Subhash Khuntia, chairman, IRDAI in an interview with Asia Insurance Post..
India’s fiscal response to COVID conservative, need large stimulus: Report
Azim Premji University’s .report, ‘State of Working India 2021: One Year of Covid-19,’ said the impacts of the second wave are still unfolding and may be as large, or larger than the first one.
Further, coming as it does on the back of depleted savings, debt, and reduced fallback options, the second wave can lead to potentially larger impacts on work, incomes, food security, health and education, the report said.
COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5 pc: Fitch
With 8.5 hospital beds per 10,000 population and eight physicians per 10,000, the country’s healthcare sector is not equipped for such a crisis. Hospitals across the country have filled to capacity and in addition to oxygen running out, intensive care units are operating at full capacity and nearly all in the country ventilators are in use.
“Presence of a health regulator would have ensured treatment protocols, reasonability of charges and quality of service in hospitals”
Aon forms EMEA M&A and Transaction Solutions Advisory Board to support growth and expansion of M&A practice
The new advisory board will support the growth and development of Aon’s M&A practice across the UK and EMEA, as it continues to expand its client offerings to include solutions for intellectual property, cyber security and digital performance, retirement, benefits, talent and compensation, structured credit, tax and litigation risks, ESG and more.
Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz
“The financial services sector faces a period of heightened risks. Covid-19 has caused one of the largest ever shocks to the global economy, triggering unprecedented economic and fiscal stimulus and record levels of government debt,” says Paul Schiavone, Global Industry Solutions Director Financial Services at AGCS. “Despite an improved economic outlook, considerable uncertainty remains. The threat of economic and market volatility still lies ahead while the sector is also increasingly needing to focus on so-called ‘non-financial’ risks such as cyber resilience, management of third parties and supply chains, as well as the impact of climate change and other Environmental Social and Governance (ESG) trends.”
Be prepared for third Covid wave, have buffer stock of oxygen: SC to Centre
A bench of Justices D Y Chandrachud and M R Shah said: We need to prepare for the third surge of COVID-19 which may have altogether different parameters. We have to be ready for that. We have been reading that some experts have said that the third surge will be more harmful especially to children.
“We understand children are more resilient as compared to elders but we have to also consider that they themselves will not go to hospitals and their parents will have to take them making them vulnerable.