FM on speedy insurance settlement claims for healthcare workers : Bulletin: Business Today
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FM on speedy insurance settlement claims for healthcare workers

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July 14, 2020

Coronavirus drug: Cipla ramps up production of antiviral remdesivir amid demand spurt

In wake of rising demand for antiviral drug Remdesivir used for coronavirus treatment, homegrown drug major Cipla has ramped up its capacity and that of its partner network to fill the demand-supply gap. Last month, the company launched the generic version of Gilead Sciences' antiviral drug Remdesivir under its brand name 'CIPREMI'.

Indian IT firms' revenues may contract up to 3% in FY21, says ICRA

The Indian IT services sector is likely to see up to 3 per cent contraction in its revenues in the financial year 2020-21 as global spread of the coronavirus epidemic has resulted in simultaneous supply and demand shocks. In long term, the sectoral growth has been pegged between 5-8 per cent over the FY20-FY25 period, according to domestic rating agency ICRA.

Coronavirus crisis: FM calls for speedy insurance settlement claims for healthcare workers

Finance Minister Nirmala Sitharaman on Monday reviewed the implementation of the recently announced insurance scheme for health workers battling COVID-19 and emphasised the need for speedy settlement to help reach the benefits to the nominees at the earliest. The Rs 50 lakh insurance scheme is a part of the Pradhan Mantri Garib Kalyan Package (PMGKP) announced in March for three months for 22.12 lakh public healthcare providers, including community health workers, who may have to be in direct contact and care of patients suffering from coronavirus infection and who may be at risk of being impacted by this.

In COVID-19 world, digital distribution platforms become strong alternative for FMCG majors

US has better coronavirus testing programme than India, Russia and China: Trump

The United States has the biggest COVID-19 testing programme in the world, better than big countries like Russia, China, India and Brazil, President Donald Trump said on Monday, asserting that America has "just about the lowest mortality rate" due to the disease in the world. More than 34 lakh Americans have tested positive for COVID-19 so far and over 1,37,000 have died due to the disease, both of which are the largest numbers among all the countries

Sundar Pichai-led Google sets up $10 billion India digitisation fund

Google on Monday announced an investment of $10 billion in India. The tech giant announced that Rs 75,000 crore or $10 billion digitalization fund will be utilised over next five to seven years. It will be done via a mix of equity investments, partnership and operational infra and ecosystem investment. The development comes after a virtual meeting between Prime Minister Narendra Modi and Alphabet chief Sundar Pichai earlier in the day. According to Google, this investment will help realise PM's vision of a Digital India.

Bengaluru lockdown extension puts MSMEs in a pinch, export orders at stake

As Karnataka decided to shut Bengaluru urban and rural districts from July 14 till July 22 morning, owing to exponential increase in the number of COVID-19 cases, micro, small and medium enterprises (MSMEs) in the state fear that this extension could cause irreparable damage to the already fragile industries. As export-oriented industries have started getting orders, companies fear that extension would result in cancellation of orders and disrupt supply chain.

Over 90 doctors on COVID-19 duty lost their lives so far, says IMA

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