Indian News

Obama's Medicaid expansion keeps gaining ground under Trump

Eco/Invest/Demography, Health       Aug 06, 2020

  Washington: President Donald Trump is still trying to overturn Obamacare, but his predecessor's health care law keeps gaining ground in places where it was once unwelcome. Missouri voters this week approved Medicaid expansion by a 53 per cent to 47 per cent margin, making the...

 Life insurers can obtain customer’s consent without requiring wet signature in pure risk products till Dec 31:IRDAI

Eco/Invest/Demography, Life, Regulation, Technology       Aug 06, 2020

  Hydearabad: In a bid to manage  the situation arising in the wake of COVID-19 outbreak,the segment regulator IRDAI has allowed life Insurers to obtain the customer’s consent without requiring wet signature on the hard copy of the proposal form, for the business solicited by insurance...

Centre releases Rs 890 cr as 2nd tranche of package for COVID-19 health system preparedness

New Delhi: The Centre has released Rs 890.32 crore as the second instalment of the COVID-19 Emergency Response and Health System Preparedness package to 22 states and Union Territories, the Health Ministry said on Thursday. The amount of financial assistance to each state and Union...

Former Reserve Bank of India governor Raghuram Rajan

India needs to look beyond what rating agencies think, says ex-RBI governor

Eco/Invest/Demography, Risk Management       Aug 06, 2020

  MUMBAI:  Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one’s eyes off what needs to be done for the economy. “It is also important to convince both domestic and international investors...

Shaktikanta Das,Governor, Reserve Bank of India

RBI holds rates amid rising inflation,unveils steps to revive Indian economy

Eco/Invest/Demography, Wealth Management       Aug 06, 2020

MUMBAI: India’s central bank unexpectedly kept interest rates on hold on Thursday, amid a recent rise in retail consumer prices, and said it would ensure inflation remains within its target range. The repo rate currently stands at 4.0% and the reverse repo rate at 3.35%.Two-thirds...

Novavax signs COVID-19 vaccine supply deal with India's Serum Institute

Eco/Invest/Demography, Health, Pandemic       Aug 06, 2020

  Novavax Inc said on Wednesday it has entered a supply and license agreement with the Serum Institute of India for the development and commercialization of its COVID-19 vaccine candidate. The Indian drugmaker will have exclusive rights for the vaccine in India during the term of...

Eight COVID-19 patients die in hospital fire in Ahemedabad

Ahmedabad: Eight COVID-19 patients died in a fire that broke out in the intensive care ward of a private hospital in India’s western city of Ahmedabad early on Thursday, officials said as they launched a probe into the incident. Police stopped angry relatives from entering...

Over 56,000 COVID-19 cases in country in single day

  New Delhi: India saw a single day increase of 56,282 COVID-19 cases taking the country's virus tally to 19,64,536, while the recoveries have surged to 13,28,336, according to the Union Health Ministry data. The death toll due to COVID-19 climbed to 40,699 with 904 new...

Indian pharma majors race ahead to launch affordable drugs for Covid-19 treatment

Mumbai/Delhi Drug major Cipla is working with government agencies to develop a treatment for COVID-19 while ramping up the production of various life saving essential drugs, according to company's chairman YK Hamied. Sharing information with company's shareholders in the drug firm's annual report for 2019-20,...