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Indian

Be prepared for third Covid wave, have buffer stock of oxygen: SC to Centre

A bench of Justices D Y Chandrachud and M R Shah said: We need to prepare for the third surge of COVID-19 which may have altogether different parameters. We have to be ready for that. We have been reading that some experts have said that the third surge will be more harmful especially to children.

“We understand children are more resilient as compared to elders but we have to also consider that they themselves will not go to hospitals and their parents will have to take them making them vulnerable.

RBI allows fresh moratorium for small borrowers as COVID-19 cases spike

“Small businesses and financial entities at the grassroot level are bearing the biggest brunt of the second wave of infections,” Reserve Bank of India Governor Shaktikanta Das said, as he announced a slew of other measures to enhance liquidity and boost lending to various needy sectors.

73-yr-old Australian stuck in Bengaluru sues Morrison govt for ban on flights from India

The lawyers of Gary Newman, who is stranded in Bengaluru since March last year, have argued in the federal court in Sydney that the ban was “unconstitutional”.
The application firstly said that the Commonwealth was acting outside its powers and secondly, Health Minister Greg Hunt’s declaration was in breach of an implied freedom to return home,

International

“Munich Re is again poised for growth”

“Our target for 2018 is slightly higher than the profit guidance for the previous year. Our growth initiatives in reinsurance are benefiting from tailwinds as prices rise. We are investing heavily in digitalisation and are cutting costs to prepare for digital transformation and make Munich Re fit for the future,”Joachim Wenning, Chairman of the Board of Management

UK insurer Prudential says to split into two

Prudential will become a solely international firm, focused on the U.S., Asia and Africa, and will be led by current Chief Executive Mike Wells. Prudential expects Asia’s expanding middle class to continue to drive that growth by fueling demand for more savings and life and health insurance coverage.

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