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Indian
NCGTC issues guidelines for Rs 50,000-cr credit guarantee scheme for medical infra
As per the guidelines, a credit guarantee of 50 per cent to all brownfield projects and 75 per cent to greenfield projects in the healthcare sector at centres other than 8 municipal areas would be available. The excluded metros from the scheme are Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.
For the aspirational districts, the guarantee cover for both brownfield expansion and greenfield projects shall be 75 per cent, it said.
Ola got 100,000 bookings for electric scooter in one day
“I am thrilled by the tremendous response from customers across India for our first electric vehicle. The unprecedented demand is a clear indicator of shifting consumer preferences to EVs. This is a huge step forward in our mission to transition the world to sustainable mobility,” Ola Chairman and Group CEO Bhavish Aggarwal said in a statement.
Govt to procure 660 mn more doses of Covishield, Covaxin at revised rates
According to the revised guidelines which came into effect from June 21, vaccine doses provided free of cost by the Centre will be allocated to states/UTs based on criteria such as population, disease burden and the progress of vaccination, and all above the age of 18 will be eligible for the free jabs.
Any wastage of vaccine will affect the allocation negatively.
Crop sowing lags in India, raising concerns over food grain output
Indian farmers had planted 61.19 million hectares with summer crops as of July 16, down 11.6% from a year earlier, the Ministry of Agriculture & Farmers’ Welfare said in a statement.
Farmers typically start planting summer-sown crops on June 1, when monsoon rains usually reach India. Planting then continues until early August.
International
Lloyd’s, London market insurers surpass Q2 electronic placing targets
Much of the electronic risk placement is being handled by the London market’s electronic placing platform, PPL. Some London market business, such as treaty reinsurance, cannot be carried out on the platform. Therefore, it analysis of the extent of electronic placement includes so-called in-scope risks.
Monsoonal flooding across Southern Asia kills hundreds and incurs multi-billion economic loss
According to reports, more than 467 people have been killed this season in India and many thousands of acres of cropland were destroyed. The states of Assam, Bihar, Maharashtra and Uttar Pradesh were among the worst affected. Economic losses were expected to reach well into millions of U.S. dollars with significant costs to agriculture and infrastructure
UK insurers settle 99% of cyber insurance claims
The Association of British Insurers (ABI) has been asking the Information Commissioner’s Office (ICO) to make anonymised cyber breach data publicly available, which would enable insurers to price risk more accurately and manage exposure more effectively by feeding this data directly into their modelling
Global commercial insurance pricing up 6% in Q2:Marsh
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