SIRC 26
Indian
Better incentives for better quality healthcare providers under AB-PMJAY: National Health Authority CEO
As of now, Ayushman Bharat Scheme has been implemented in all 33 states and union territories, Dr.R.S. Sharma said.
On the topic of fraudulent billing by hospitals, Dr R.S. Sharma highlighted, “We have a very robust IT system in place for fraud detection. Every single instance of fraud is immediately detected and investigated. We have anti-fraud software and systems deployed on our platform that immediately catches on any pattern that seems even remotely suspicious and this is investigated and appropriate action is taken.”
India working on developing Pan-Corona shot: Dr Renu Swarup
“We are already preparing for the future, for a new vaccine, which is Pan-Corona. So that if there is any other such virus that comes in or any other such variant that comes in, the vaccine would be able to respond to all of them. So that’s really our next preparedness which we’ve already started. We have a very strong team which is working on that.”
AB Sun Life Insurance reduces premium rates for its term insurance plan up to 15%
Commenting on the premium price reduction of ABSLI DigiShield Plan, Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “The pandemic lasted longer than expected with people experiencing strains on their personal finances. We have been meticulously observing the pandemic experience before making any price revisions in our products. With a rise in demand for term plans, we have consciously announced reduction in premium for ABSLI DigiShield Plan, a hyper-personalized term plan offering, to suit our customer’s ever evolving monetary needs. “
Govt mulls permitting foreign investment in LIC
The proposal is under discussion between the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM).
According to the current FDI policy, 74 per cent foreign investment is permitted under the automatic route in the insurance sector.
However, these rules do not apply to the Life Insurance Corporation of India (LIC), which is administered through a separate LIC Act.
International
Death toll crosses 100 in China, global stocks tumble
Apple’s China-centric supply chain Braces for disruption from Coronavirus
“Supply chain disruption is a worry if employees across Foxconn and other component manufacturing hubs in China are restricted,” said analyst Dan Ives of Wedbush Securities Inc. “If the China outbreak becomes more spread it could negatively impact the supply chain which would be a major investor worry.”
Cyber attacks in Europe, ME could be work of Turkey-sponsored hackers
The hackers have attacked at least 30 organizations, including government ministries, embassies and security services as well as companies and other groups, according to a Reuters review of public internet records. Victims have included Cypriot and Greek government email services and the Iraqi government’s national security adviser, the records show.
IMF sees medium-term risks to global economy; more easing not the answer
“Taking a longer-term view, …the easing of global financial conditions so late in the economic cycle and the continued buildup of financial vulnerabilities — including the rise in asset valuations to stretched levels in some markets and countries, the rise in debt, and large capital flows to emerging markets — could threaten growth in the medium term,”
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