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Floods ravage eastern India as coronavirus infections surge

Jul 16, 2020

The floods have killed at least 10 people and injured more than 70 in the states of Assam, Bihar and Jharkhand, where heavy rain has submerged thousands of villages in the past 24 hours as authorities battle to ensure social distancing in relief camps.

Capital infusion in 3 state-owned insurers ‘credit positive’,says Moody’s

Jul 16, 2020

“After the capital injection we expect renewed focus on improving the insurers’ risk management and profitability. We expect the insurers to enhance their risk-based pricing and underwriting discipline to ensure organic capital growth and attract foreign reinsurance coverage, which will further aid capital adequacy,” Moody’s said.

India tops a million coronavirus cases as pandemic hits villages

Jul 16, 2020

India recorded 34,956 new infections on Friday, taking the total so far to 1.004 million, with 25,602 deaths from COVID-19, federal health ministry data showed. That compares to some 3.6 million cases in the United States and 2 million in Brazil – both countries with populations under 400 million.

Epidemiologists say India is still likely months away from hitting its peak of cases, suggesting the country’s already overburdened healthcare system will come under further strain.

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