Indian

GST council cuts taxes on some COVID-19 medicines and equipmen

Jun 12, 2021

While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on Remdesivir and anti-coagulants like Heparin is lowered from 12 per cent to 5 per cent.

IMA to hold country-wide protest on June 18 against assault of doctors

Jun 12, 2021

The Indian Medical Association has termed ”extremely disturbing” a series of violence against doctors in the last two weeks in Assam, Bihar, West Bengal, Delhi, Uttar Pradesh, Karnataka, and other places.

It demanded the implementation of the central hospital and Health Care Professionals Protection Act with IPC and Code of Criminal Procedure (CrPC), standardization and augmentation of security in each hospital, and declaring hospitals as protected zones among others.

719 doctors have lost their lives due to coronavirus in the second wave of the COVID pandemic with Bihar recording the maximum fatalities.

No new thermal power project planned for Maha: Minister

Jun 12, 2021

The state government has plans to generate 25,000-megawatt electricity from solar energy and work is underway on a project for 17,000 megawatts, Raut said,

Policybazaar gets insurance broking licence from IRDAI

Jun 12, 2021

With this development, the company will surrender its web-aggregator licence to Insurance Regulatory and Development Authority of India (IRDAI) and undertake business including insurance aggregation under the broking umbrella.
The broking licence will allow the company to venture into segments which it could not do in the past like claims assistance, offline services, and establish Points of Presence network.

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International

France uses strict EU privacy law first time, fines Google 50 mn euros

Jan 22, 2019

Google was handed the record fine from the CNIL regulator for failing to provide transparent and easily accessible information on its data consent policies, a statement said.

Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 – Aon report

Jan 22, 2019

Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005.

AGCS opens reinsurance branch in India, targets EUR50 million premium over next 5 yrs

Jan 21, 2019

AGCS India Branch will initially offer facultative, proportional, and non-proportional reinsurance solutions on the following lines of business: Property, Liability, Marine, Financial Lines, Construction & Engineering, and Energy. In particular, AGCS sees opportunities in large scale construction projects under the USD 106 billion Bharatmala infrastructure development plan, as well as strong contributions from the automotive, electronics and high-tech communication industries, all of which complement AGCS’s areas of specialist expertise.

India likely to surpass UK in the world’s largest economy rankings: PwC

Jan 20, 2019

“India is the fastest growing large economy in the world, with an enormous population, favourable demographics and high catch-up potential due to low initial GDP per head. It is therefore all but certain to continue to rise in the global GDP league table in the coming decades,”

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