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LIC’s net profit rises marginally to Rs 2,713 crore in FY 2019-20, pvt sector  life insurers’ net profit falls by 13 % 

by | Feb 10, 2021 | ,

Out of the 24 life insurers in operation during 2019- 20, 17 companies reported profits in 2019-20

The total profit reported by state owned Life Insurance Corporation (LIC) during 2019-20 has risen marginally from Rs 2,689 crore in 2018-29 to Rs 2,713 crore.

The net profit of the private sector fell by 13 per cent y-o-y to R 5,016 crore in 2019-20(Rs 5,747 crore in the previous year).

Life insurance policies bought by women fall in FY 2019-20

by | Feb 10, 2021 | , ,

The share of women in the year 2019-20 has decreased to 32 per cent in number of policies and 34 per cent in First Year Premium compared to 36 per cent and 37 per cent respectively in the year 2018-19.

Out of 93 lakh policies bought by women, nearly one-third policies have come from three States, Maharashtra (11.98 per cent), West Bengal (10.60 per cent) and Uttar Pradesh (9.87 per cent);
Similarly, out of Rs 34,737 crore FYP contributed by women, slightly more than one-third have come from three States, namely, Maharashtra (17.05 per cent), West Bengal (9.66 per cent) and Uttar Pradesh (8.66 per cent). 

The proportion of women policies in case of private life insurers was 27 per cent and that of LIC was 34 per cent  

Fossil fuel pollution kills millions more than scientists previously knew

by | Feb 10, 2021 | , ,

The results underscore a fact absent from much public debate and discussion about climate change. While the fight to stop greenhouse gas pollution by curtailing fossil fuel use is framed in terms of how it would improve the future, it’s also true that fossil fuels are killing millions of people right now. That’s how Aaron Bernstein, interim director of the Center for Climate Health and the Global Environment at Harvard’s Chan School of Public Health, understands the new research.

Brazil group sues Norsk Hydro over alleged pollution

by | Feb 10, 2021 | , , ,

The lawsuit has been brought by a group of communities who live in the lower Amazon region in the state of Para, mainly members of Cainquiama – the Amazon Association of Mixed Race, Indigenous and Quilombolas – representing some 11,000 families.

They are seeking compensation for what they say is “the incorrect disposal of toxic waste in the Murucupi River, as well as other effects from the presence of Norsk Hydro installations in the region”, their law firm PGMBM said in a statement.

Indian pharma market expected to hit USD 130 billion by 2030: Sadananda Gowda

by | Feb 9, 2021 | , ,

“India has been serving more than 200 countries with its pharma products and will continue to discharge its responsibilities. We intend to continue formulating plans that are based on sound science, technology, business sense, and ethics,” Gowda said.

Pharmaceuticals are one of the top-10 attractive sectors for foreign investment in India. FDI inflows in the pharmaceuticals sector reached Rs 3,650 crore in 2019-20, recording a growth of 98 per cent year-on-year, he added.

Number of newborns in China drops 15% in 2020 as coronavirus weighs

by | Feb 9, 2021 | , ,

China saw 10.035 million births last year, the ministry said on Monday, compared with 11.79 million in 2019. Of those born last year, 52.7% were boys and 47.3% girls.

In recent years, many couples have been reluctant to have children due to the rising cost of health care, education and housing. The abandoning of the decades-long one-child policy in 2016 has not provided much impetus to the country’s birth rate.

Scientists warn over misuse of Climate Models in financial markets

by | Feb 9, 2021 | , , ,

“In the same way that a Formula One Grand Prix car is not what you would use to pop to the supermarket, climate models were never developed to provide finessed information for financial risk,” said Andy Pitman, a climate scientist at the University of New South Wales and a co-author of the paper.

Overall COVID-19 seropositivity among healthcare workers over 25 per cent: minister

by | Feb 9, 2021 | , , , ,

The Indian Council of Medical Research is undertaking periodic sero-surveillance to monitor the trend of COVID-19 infection. As per the third seroprevalence study (December 2020 to January 2021) results the overall COVID-19 seropositivity among healthcare workers is assessed to be 25.7 per cent,” he said in a written reply. Seroprevalence is highest among doctors and nurses (26.6 per cent), followed by para-medical staff (25.4 per cent), field staff (25.3 per cent) and administrative staff (24.9 per cent), Choubey said in a written reply.

WHO says coronavirus unlikely to have leaked from China lab

by | Feb 9, 2021 | , , , ,

The WHO team’s mission is intended to be an initial step delving into the origins of the virus, which is believed to have originated in bats before being passed to humans through another species of wild animal, such as a pangolin or bamboo rat, which is considered an exotic delicacy by some in China.

Transmission through the trade in frozen products was also a possibility, WHO food safety and animal diseases expert Peter Ben Embarek said.