The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance frauds a parameter for calculating credit scores in an attempt to put a lid on the increase in such activity. The proposal, which is a part of the recommendations made by a working group formed by Irdai and the General Insurance Council, suggests that insurance frauds should feature when the risk profiles of individuals are evaluated and should be used to calculate their credit scores. A poor credit score can deprive a person of financial services such as loans and credit cards, and deter him from indulging in fraud.
So far, less than 1 per cent of the target population of 77 crore in the 18-59 age group have been administered the precaution dose.
Kotak Bank was the top gainer in the Sensex pack, rising over 5 per cent, followed by Bharti Airtel, HDFC Bank, Maruti, Axis Bank and Nestle India.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
The number of people who have recuperated from the disease surged to 1,06,33, 025 which translates to a national COVID-19 recovery rate of 97.32 per cent, while the COVID-19 case fatality rate stands at 1.43 per cent.
The ministry said the country has a robust system of reporting deaths, including those caused by COVID-19, and the data is compiled regularly at different levels of governance, starting from the gram panchayat level to the district level and the state level.
The country has been registering over 70,000 cases for the last four days.
China on Friday announced plans to boost space cooperation with Pakistan, including the development of a space centre and launching of more satellites for its all-weather ally.
A total of 9,110 new infections were reported in a span of 24 hours, while the death toll increased to 1,55,158 with 78 daily new fatalities, the data updated at 8 am showed.
Of the total cases, Maharashtra has the maximum at 797, followed by Delhi at 465, Rajasthan 236, Kerala 234, Karnataka 226, Gujarat 204 and Tamil Nadu 121.
After China imposed a national security law on Hong Kong earlier this month, the United States on July 14 withdrew the special status granted to Hong Kong, and the United Kingdom, Australia, and Canada followed suit.
The national Covid recovery rate was recorded at 98.10 per cent, the data updated at 8 am showed.
According to the Indian Council of Medical Research, 16,71,59,289 samples have been tested up to December 25, including 8,53,527 on Friday.
Bharat Biotech's Covaxin has demonstrated 77.8 per cent effectiveness against symptomatic COVID-19 and 65.2 per cent protection against the new Delta variant.
The recent Reserve Bank of India (RBI) norms on tokenisation services, which will be offered by card networks, are likely to result in merchants and payment aggregators incurring a cost as they have to pay a fee to the networks. The merchants and the payment aggregators, in turn, may pass on the cost to the customers. The norms, which were issued by the banking regulator released on September 7, allow card networks like Visa and Mastercard to offer the tokenisation service.
The death toll climbed to 66,333 with 1,045 more fatalities reported in 24 hours.
Once touted as a 'wonder drug', HCQ has been battling global controversies around its safety and efficacy as a prophylactic against the new coronavirus SARS-CoV-2.
The country recorded 311 new deaths in the 24-hour period till Sunday morning while the recovery rate rose to above 50 per cent
A single-day rise of 50,040 fresh COVID-19 infections took India's tally to 3,02,33,183, while the number of active cases dipped to 5,86,403, according to the Union health ministry data on Sunday.
"The unsound analysis of the said article is based on the extrapolation of data without any epidemiological evidence," the ministry said, adding the studies used by the magazine to estimate the mortality are not validated tools for determining the death rate of any country or region.
'The impact of economic shocks on the labour markets is usually on the young who delay their entry in response to a fall in job opportunities,' says Mahesh Vyas.
This is the sixth consecutive day that COVID-19 cases have increased by more than 45,000.
The number of people who have recuperated from the disease surged to 98,07,569 pushing the national recovery rate to 95.92 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
The BSE benchmark Sensex plummeted about 383 points to close at 57,300-level on Tuesday, tracking massive selloffs in global markets. After sinking about 1,300 points in early deals, the Sensex staged a sharp recovery but still ended 382.91 points or 0.66 per cent lower at 57,300.68. The NSE Nifty too reclaimed part of its early losses before closing 114.45 points or 0.67 per cent lower at 17,092.20. On the Sensex chart, Tata Steel, TCS and SBI fell the most, losing as much as 3.64 per cent. Of the 30 Sensex constituents, 20 closed in the red. "Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis. "The economic consequences are already visible in higher crude and gold prices," VK Vijayakumar, chief investment strategist at Geojit Financial Services, said.
Covaxin has been indigenously developed by Bharat Biotech in collaboration with the Indian Council of Medical Research.
As per SIAM data, vehicle sales across categories, including passenger vehicles and two-wheelers and commercial vehicles stood at 18,21,490 units last month as against 23,82,436 units in August 2018, a fall of 23.55 per cent.
The death toll climbed to 4,29,669 with 490 fresh fatalities, the data updated at 8 am showed.
The death toll has climbed to 4,29,179 with 497 fresh fatalities, the data updated at 8 am showed.
On a continuous upward trajectory, India's recovery rate has touched 78 per cent.
The dichotomy between richer and poorer states is largely in consonance with the diversity in state level disease burden in the country.
The death toll due to the disease rose to 42,518 with 933 fresh fatalities being reported in a day, data updated at 8 am showed. There are 6,19,088 active cases of COVID-19, comprising 29.64 per cent of the caseload.
Whether the third wave will ravage us depends on the pace of vaccinations, careful and calibrated opening up of establishments, and a strategy to contain the spread in specific states or pockets.
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
India logged 7,145 new coronavirus infections taking the total tally of COVID-19 cases to 3,47,33,194, while the active cases declined to 84,565, according to the Union health ministry data updated on Saturday.
The most important finding of the study was that the Spike-protein neutralising antibodies found in the mixed vaccine groups were significantly higher than the same-vaccine groups, D Nageshwar Reddy, Chairman of AIG Hospitals said.
National artificial intelligence unit stuck for lack of anchor department
With 41,965 people testing positive for Covid-19, India's total tally of cases rose to 3,28,10,845, while active cases have increased to 3,78,181, according to Union health ministry data updated on Wednesday.
The CJI said the higher judiciary is getting 'flooded' with bail matters because of the reluctance at the grassroots level to grant bail.
The number of active cases has increased to 3,76,324 and comprise 1.15 per cent of the total infections. The national COVID-19 recovery rate has been recorded at 97.51 per cent, the health ministry said.
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