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18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE
The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data. In April, 17.7 million salaried jobs were lost, followed by 100,000 job losses of salaried employees in May.
“While salaried jobs are not lost easily, once lost, they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry,” the centre’s CEO Mahesh Vyas said.
Retail to insurance: Amazon, Ambani’s Jio prep for ‘one fierce battle’
The US giant is fanning out at a pace not seen elsewhere in the world. Amazon is now delivering prescription and over-the-counter medicines and herbal remedies in Bangalore. It started last month selling car and motorbike insurance–a first for the Seattle-based online giant–claiming to finalise policies in under two minutes without paperwork.
“This is going to be one fierce battle,” said Satish Meena, senior forecast analyst at Forrester Research Inc. “Amazon and Reliance want to meet a person’s every need from online retail to financial services to entertainment. It’s a fight for the household’s spending.”
General insurers sell 7,50,000 Covid-19 policies covering 1.28 mn lives, earn a premium of Rs 215 crore:Alamelu
“96 percent of the population don’t have any kind of health cover against Covid -19 . During this time also a small out of pocket expense in hospitals can financially impact the customer. There is a need to reduce this gap,Today, health has become the biggest line of business under the general insurance category and by the year end, it will overtake motor insurance also” TL Alamelu,member, Non-Life, IRDAI, said.
India’s COVID-19 tally crosses 27-lakh mark,death toll climbes to 51,797
the death toll climbed to 51,797 with 876 people succumbing to the disease in a span of 24 hours
There are 6,73,166 active cases of coronavirus infection in the country which is 24.91 per cent of the total caseload, while the number of recoveries has risen to 19,77,779.
Of the 876 fresh deaths reported, 228 are from Maharashtra, 120 from Tamil Nadu, 115 from Karnataka, 82 from Andhra Pradesh, 66 from Uttar Pradesh, 45 from West Bengal, 51 from Punjab, 23 from Madhya Pradesh, 18 from Delhi, 15 from Gujarat, 13 from Kerala, 12 from Haryana, 11 from Rajasthan and 10 from Odisha
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