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Nifty, Sensex hit record highs on vaccine progress
Round-the-clock RTGS from December 14
“Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable introduction of additional settlement cycles in ancillary payment systems.
“This can also be leveraged to enhance operations of Indian financial markets and cross-border payments,” the RBI said.
Percentage of uninsured vehicles rises to 57% in 2018-19, Kerala corners the highest average in motor death claims
Maharashtra is the leading state in terms of total premiums collected from Motor business, followed by Tamil Nadu, Uttar Pradesh,Karnataka, Gujarat and Kerala.
The bulk of the uninsured vehicles are Two Wheelers with the un-insurance being as high as 66%.
For the financial year 2018-19, total death claims on account of motor insurance paid by the domestic general insurers was Rs. 9,01,207 and for Injury claims it was Rs. 2,51,094 which showed an increase over FY 2017-18.
Provide more safety data on COVID-19 vaccines: CDSCO expert panel to Serum Institute, Bharat Biotech
“Serum Institute of India has been asked for an updated safety data of phase 2 and 3 clinical trial in the country and immunogenicity data from the clinical trial in the United Kingdom and India. While considering the application of Bharat Biotech company, the SEC after detailed evaluation recommended that the pharma major should submit the safety and efficacy data from its ongoing phase 3 clinical trial in India for more analysis,” a source said.
The application submitted by the Pfizer was not discussed at the SEC meeting as the company has requested for more time for giving its presentation, sources said.
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