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Covid-19 disrupted food security for millions; likely to reverse progress on ending hunger by 2030: Harsh Vardhan

by | Apr 20, 2021 | , , ,

The population, food security, nutrition and sustainable development theme is of critical importance at all times. But even more so now as the world is trying to rebuild itself while emerging from the challenges posed by Covid-19, Vardhan said. He said that the pandemic has severely disrupted food security and nutrition for millions of people around the world and will likely reverse the progress made towards ending hunger by 2030.

China launches first class-action lawsuit in war against corporate fraud

by | Apr 20, 2021 | , , , , ,

China introduced the class-action mechanism to capital markets last year as part of efforts to crack down on corporate malfeasance and bolster investor confidence.

Although corporate fraud is not uncommon in China, retail investors have historically had little chance to make their voices heard. Small investors often likened legal action to ants fighting elephants.

As more states opt for lockdown-like restrictions, PM says lockdown should be the “last resort”

by | Apr 20, 2021 | , , , ,

”In the current situation, we need to save our country from a lockdown. I would also request states to use the lockdown as the last resort. We have to do our best to avoid a lockdown and our focus should rather be on micro-containment zones,” he said.

”If we all follow COVID-19 protocols, there’ll be no need to impose lockdowns,” Modi added, as he urged the people to reduce their movement and take vaccination.

LIC’s record new prm of Rs 1.84 trillion,Pvt life insurers’ new prm grows 16.30 % to Rs 94k in Fy 2020-21

by | Apr 20, 2021 | ,

During the fiscal 2020-21, LIC achieved first year premium income of Rs 56,406 crore under individual assurance business, a growth of 10.11 per cent over FY20.
The insurer’s pension and group schemes vertical also created a new record by clocking its highest ever new business premium income of Rs 1.27 lakh crore over a huge base of Rs 1.26 lakh crore in the previous year ended March 31, 2020.
23 private sector life insurer, led by SBI Life Insurance has mobilised a total new premium income of Rs 94,103, registering a y-o-y growth of 16.30 per cent during the reporting year. 

Explain basis for approving insurance policies excluding mental illnesses from full coverage: HC to IRDA

by | Apr 19, 2021 | , , ,

The direction to the Insurance Regulatory and Development Authority of India (IRDAI) by the court came on a plea of a man whose claim for reimbursement of costs in the treatment of his mental illness was restricted to Rs 50,000 by the insurance provider – Max Bupa Health Insurance Company Ltd.

The court issued notice to IRDA and Max Bupa seeking their stand within two weeks, saying a large number of insured persons would be affected by such an insurance policy.