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Indian
After Asiatic lions test COVID-positive in Hyderabad, Punjab closes zoos till May 31
Govt extends retirement age of LIC chairman from 60 to 62, Kumar to get an extension soon
The new rules which were earlier proposed by the ministry of finance (MoF) and were approved by the the Appointments committee of Cabinet(ACC), headed by the Prime Minister Narendra Modi,on April 22, says “the chairman, LIC may be appointed for period of three years, which was earlier five years, or till he/she attains the age of 62 years whichever is earlier.’’
Another important change in the new rules specifies that only managing directors of corporation are eligible for the selection of chairman whereas under the earlier norms, MDs , executive directors(EDs) and zonal managers (Selection Grade) were all eligible to be part of selection process for the post LIC chairmanship.
India’s daily COVID-19 cases rise by record 414,188
India’s healthcare system is crumbling under the weight of COVID-19 patients, with hospitals running out of beds and medical oxygen. Morgues and crematoriums can not handle the number of dead and makeshift funeral pyres burn in parks and carparks. Although northern and western India bear the brunt of the disease, the share of the five southern states in the country’s daily surge in infections rose from 28% to 33% in the first seven days of May, data shows.
2.8 magnitude Earthquake hits Assam
International
Water taps may completely dry up in India, warns study
At USD 144 bn,2017 records highest ever global insured losses from disaster events, economic losses at USD 337 bn: Sigma
In the monsoon season. very heavy and long-running rains caused huge damage and loss of life in India, Nepal and Bangladesh. Economic losses from a series of flood events in Bihar, Assam, West Bengal and other states in India were around USD 2.5 billion, and USD 0.6 billion in the Terai region of Nepal.
InsurTech M&As in Asia surge to US$460 million in 2017, three times that of 2016: Willis Study
Turning to specific markets, China and India, home to much of the innovation in InsurTech, accounted for a significant 73% of transactions in 2017. Hong Kong, Singapore and other Asia markets continued to build on the momentum from 2016 and accounted for 27% of the transactions, representing a much more conspicuous contribution than in 2015 when they only amounted to 4% of the regional sum.
New lawsuit for infringing heart rate sensor technology in Apple Watch
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