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IMA to hold country-wide protest on June 18 against assault of doctors

by AIP Online Bureau | Jun 12, 2021 | Health, Indian News, Non-Life, Policy, Risk Management

  New Delhi: The Indian Medical Association will hold a protest on June 18 against the assault on doctors, with the slogan of 'save the saviors'. In a statement, the apex medical body asked all its state and local branches across the country to observe...

GST council cuts taxes on some COVID-19 medicines and equipmen

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The GST Council on Saturday slashed the tax rate on COVID-19 medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen. While GST on Tocilizumab and Amphotericin B is slashed to nil from 5 per cent, the rate on...

Aspirational Districts outperform non-ADs in pushing development in India: UNDP

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life

, New Delhi: United Nations Development Programme (UNDP) India released an independent appraisal report on the Aspirational Districts Programme (ADP) today. This report captures the progress of the flagship initiative and recommendations for further improvements. The...

Chances of 3rd wave quite real, Delhi govt preparing on war-footing: CM

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

Delhi: Chief Minister Arvind Kejriwal on Saturday cautioned that the chances of the third wave of the COVID-19 pandemic were quite real, while he asserted that his government was preparing on a ''war-footing'' to combat it. Indications are coming from...

G7 may reallocate $100 bln from IMF funds to COVID-ravaged nations

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling to cope with the COVID-19 crisis, the White House said. The issue will be on the table when G7...

Indian court deals blow to Amazon, Walmart’s Flipkart in antitrust case

by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Indian News, Risk Management

  An Indian court dismissed pleas on Friday by Amazon.com Inc and Walmart’s Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market. The Competition Commission of India (CCI)...

Apollo Hospitals Foundation’s Total Health Initiative launches Covid Care Centers in rural and tribal areas

by AIP Online Bureau | Jun 11, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  Mumbai: The Covid-19 pandemic has been stressful for people and communities across the nation. The fear and anxiety with a lack of knowledge have led to social stigma which interferes with social coherence contributing to situations which favour the spread of...

Volkswagen to receive 270 million euro from its D&O Liability insurers in dieselgate settlement

by AIP Online Bureau | Jun 11, 2021 | International News, Non-Life, Reinsurance, Risk Management, Technology

  Frankfurt: Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 million) in compensation related to its emissions...

China tells banks, insurers to prepare ‘living wills’ to deal with potential risks

by AIP Online Bureau | Jun 11, 2021 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation, Risk Management

  BEIJING: China’s banking and insurance watchdog issued rules on Wednesday requiring sizable banks and insurers to prepare recovery plans in the unlikely event that they run into financial trouble, as the regulator seeks to strengthen the safety net of the...

Delta variant 60% more transmissible, reduces vaccine effect: UK experts

by AIP Online Bureau | Jun 11, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  The Delta variant of COVID-19, or the B1.617.2 variant of concern (VOC) first identified in India, is about 60 per cent more transmissible than the Alpha strain identified in the UK and also reduces the effectiveness of vaccines to some extent, UK health...
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