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Indian
Jet Airways to resume domestic operations in first quarter of 2022
IRDAI asks insurers to come out with new title insurance policies
The main objectives of the ”new Title Insurance products” are to provide cover to promoters/ developers, preferring to opt for a minimum legal defence cost, and end users (allottees, individual buyers and financiers) at the time of possession/handing over of the property unit for protection against any legal suits in future.
Vaccination is the medicine to boost economy: FM
”All our prayers are not for a third wave (of the Covid-19 virus). Suppose, if it occurs, then one has to think about the availability of hospitals, even if there is a hospital, does it have an ICU, and even if there is an ICU, does it have oxygen support? For all these questions, the Ministry announced a scheme allowing hospitals to ramp up the expansion when there was a huge impact in the country caused by the second wave (of Covid-19),” she said.
Pilot”s non-adherence to SOP probable cause for Kozhikode plane crash: AAIB report
The Boeing 737 aircraft (VT AXH), which was operating Dubai-Kozhikode flight, landed half way down the runway before crashing into a gorge. Twenty people, including both the pilots, were killed in the accident.
The investigation report, which was released by AAIB Director General Group Captain Aurobindo Handa on Saturday, concluded that the probable cause of the accident was the pilot’s decision to continue with an unstabilised approach and failure to carry out a “go around” despite calls for the same by the co-pilot.
It has also listed out other factors that contributed to the crash. Low visibility and a faulty windshield viper led to degraded visual cues upon landing. “The pilot in command was taking multiple un-prescribed anti-diabetic drugs that could have probably caused subtle cognitive deficits due to mild hypoglycemia, which probably contributed to errors in complex decision making,” the report noted.
International
French insurers to contribute $216M to Solidarity Fund for businesses
Almost all insurance contracts covering companies, such as business interruption, supply-chain breakdown, cancellation of events or failure to deliver, exclude epidemics, according to FFA.
The French finance ministry said on Monday it was waiting for innovative proposals from insurers to design an insurance product that would improve cover of major health risks in the future.
Nearly one billion people confined to homes globally to curb virus
“Today I have a message for young people: you are not invincible. This virus could put you in hospital for weeks — or even kill you,” WHO chief Tedros Adhanom Ghebreyesus said.
“Even if you don’t get sick, the choices you make about where you go could be the difference between life and death for someone else.”
European firms to see value erosion by 1 trn euro as Covid-19 hurts: Report
Caronavirus Pandemic:Indian shares crash,Global stocks crumble
Indian equity markets crashed over 7 per cent on Monday as the governments the world over struggle to contain the fast spreading novel coronavirus (COVID-19). In India, various state governments announced lockdown in nearly 80 districts across the country as the total number of confirmed Covid-19 cases inched towards 400.
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