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Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA
“Overall, we estimate that the present 90 per cent collapse in air traffic puts around 6.7 million jobs at risk and could lead to a negative GDP impact of 452 billion dollars across Europe. This equates to an additional 1.1 million jobs and 74 billion dollars in GDP over the March estimates of 5.6 million jobs and 378 billion dollars,” said the latest IATA analysis.
ICICI Pru Life’s net profit falls by 6% to Rs1069 cr in FY2020
N S Kannan,MD & CEO, ICICI Prudential Life said, “We had set our aspiration in April 2019 to double our FY2019 Value of New Business (VNB) within four years. I am happy to report that in FY2020, VNB grew by 21% from Rs 13.28 billion to Rs 16.05 billion for FY2020, which is well within the growth range required to meet that aspiration.On the basis of the advise by the regulator IRDAI,we haven’t announced any dividend for the full year. Earlier, we had announced a dividend of 20 per dent in H1.”
Mortality rates drop sharply in parts of India, bucking coronavirus trend
But emergency room doctors, officials, and crematoriums noted that strict lockdowns had cut the number of road traffic accidents and deaths on India’s packed railways, and may also be deterring relatives from reporting a family death.
All over the world, mortality rates are being scrutinised to determine the true impact of the coronavirus, which emerged in China late last year and is known to have infected more than 2.7 million people globally, with nearly 190,000 deaths.
Aarogya Setu app crosses 75 million downloads
Minister of State for Electronics and IT Sanjay Dhotre has asked the services of common service centres for providing telemedicine services, especially in remote parts, during this moment of crisis, as it will bring a much-needed relief to people who are finding difficulty in accessing medical services during this lockdown.
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