Indian News

India’s Covid deaths could double in coming weeks, forecasters warn

Eco/Invest/Demography, Health, Non-Life, Pandemic       May 05, 2021

Mumbai/Colorado: The coronavirus wave that plunged India into the world’s biggest health crisis has the potential to worsen in the coming weeks, with some research models projecting that the death toll could more than double from current levels. India accounted for nearly half of the...

COVID-19: India records 3,780 fresh fatalities, 3,82,315 cases in single day

Eco/Invest/Demography, Health, Non-Life, Pandemic       May 05, 2021

  New Delhi: A record 3,780 fresh COVID-19 fatalities were registered in a single day in India taking the death toll to 2,26,188, while 3,82,315 new coronavirus infections were recorded, according to the Union Health Ministry data updated on Wednesday. With the fresh cases, the total...

Maruti Suzuki cuts production as car sales fall due to Covid lockdown

Eco/Invest/Demography, Health, Pandemic       May 04, 2021

  New Delhi: Maruti Suzuki India Ltd. may halve its production capacity as an overwhelming surge of coronavirus infections shutters some of its sales outlets in the South Asian nation. The problem is on the “sales side because in several states there is a partial lockdown...

India asks state banks to protect dollar assets on Cairn concern

Eco/Invest/Demography, Risk Management       May 04, 2021

  Indian authorities asked state-run banks to protect their dollar deposits on concern they could be frozen if Cairn Energy Plc moves to seize India’s offshore assets as part of a tax dispute, according to people with knowledge of the matter. Lenders aren’t committing to U.S....

HC asks Centre why it should not face contempt for failing to supply oxygen

Eco/Invest/Demography, Health, Pandemic       May 04, 2021

  New Delhi: The Delhi High Court Tuesday directed the Centre to show cause as to why contempt not be initiated against it for failing to comply with order on supply of oxygen to Delhi for treating COVID-19 patients. You can put your head in sand...

COVID-19: India records 3,57,229 new cases in single day,tally crosses 2-crore mark

Eco/Invest/Demography, Health, Non-Life, Pandemic       May 04, 2021

New Delhi: India's total tally of COVID-19 cases crossed the 2 crore mark with 3,57,229 infections being reported in a day, while the death toll increased to 2,22,408 with 3,449 new fatalities, according to the Union Health Ministry data updated on Tuesday. 50 lakh infections...

SC asks Centre to inform about settlement of insurance claims of healthcare professionals

Health, Non-Life, Pandemic       May 03, 2021

  New Delhi: Appreciation of healthcare professionals in fight against Covid-19 should not be “reduced to rhetoric”, the Supreme Court has said, directing the Centre to apprise it as to how many claims of “Corona Warriors” under PM insurance scheme have been settled by it and...

IRDAI suggests model insurance villages to increase insurance penetration in rural areas

Eco/Invest/Demography, Life, Non-Life, Policy, Regulation       May 03, 2021

  New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has suggested setting up model insured villages throughout the country to increase insurance penetration in rural areas. The concept of setting up model insured villages was mooted by the IRDAI in a discussion paper...

Maharashtra: Major fire in paper mill in Nagpur district

Non-Life, Risk Management       May 03, 2021

Nagpur: Amajor fire broke out in a paper manufacturing company located near here in Maharashtra on Monday, a senior official said, adding nobody was injured. Nagpur Municipal Corporation's Chief Fire Officer Rajendra Uchke said the blaze erupted at 4 pm in the Indus Paper Boat...