BUSINESS
Get vaxxed: Life insurance policy proposal may not be rejected, but there are other benefits
While insurers aren't mandating vaccination yet, those getting the Covid-19 vaccine shots could be issued policies earlier, and the waiting period could also be cut down. Both Covaxin and Covishield are effective in the B.1.617 strain of COVID-19.
BUSINESS
COVID-19 impact: Underwriting losses set to rise in FY22 for general insurers
Health insurance claims have risen due to the COVID-19 second wave, while the motor insurance business has shrunk.
INDIA
CUCET 2021: Fate of entrance examination for central universities likely to be sealed in 15 days
The Ministry of Education has called for a meeting with 41 central varsities to discuss the examination, conducting it amidst COVID-19 modalities. This meeting could be held in the third week of June 2021.
BUSINESS
Seven-day claims processing: Insurers seek longer deadline to prevent fraud
Cases of frauds include buying insurance policies in the name of dead people and claiming within a few months of the issue of policy, and crushing a dead body under a car to claim accident insurance.
BUSINESS
COVID-19 demand: US-based Molekule enters India market with its range of air purifiers
The Air Mini is priced at a discounted rate of Rs 31,999 on Amazon while the original retail price is Rs 37,999. The Air Mini+ is available at a discounted rate of Rs 36,999 on Amazon while the original retail price is Rs 45,999.
BUSINESS
Explained | Here's how coding and data science will be part of CBSE curriculum from 2021-22
CBSE has partnered with technology major Microsoft to introduce coding in the curriculum of students of Classes VI to VIII. Modules on these skills will be launched from the 2021-22 academic year itself.
BUSINESS
Scholarship rejected for study-abroad? Here's what to do next
Options like crowdfunding and writing to past alumni to seek financial support exist. But one cannot solely rely on it.
BUSINESS
Quess Corp to move away from milestone-led government projects
The company clocked close to Rs 200 crore a year as revenue from these projects during pre-COVID times. Milest0ne projects are those under which companies are required to meet a set target of training/skilling in a certain number of years as decided by the govt.
INDIA
Explained | With board exams cancelled, here are some alternate assessment options
Students have expressed relief at the cancellation of the Class 12 board examinations. The real test, however, will be the assessment criteria used to bring out the marksheet
BUSINESS
COVID-19 impact: Life insurers may need to shore up provisions in FY22
There is a steady rise in COVID-19 deaths in FY22. Following this, death claims may rise across life insurers. Motilal Oswal Financial Services report says HDC Life, SBI Life and ICICI Prudential Life would need to shore up provisioning buffers.
TRENDS
CBSE Class 12 board exam: Students, parents and schools cheer cancellation, but questions remain
While the Class XII board exams have been cancelled by CBSE, there is no information on the assessment pattern that would be used to mark students.
BUSINESS
PLI Scheme: Ball in electronics ministry's court as appliance makers seek revision in base year
Appliance makers have cited COVID-19 led lockdown and restrictions to seek a change in the base year over which the incremental sales will be calculated
INDIA
CBSE Class 12 Board Exam 2021: Clamour for cancellation of exams grow louder
Students and parents want them scrapped and be replaced with an assessment based on past performance. The Ministry of Education is not entirely convinced
BUSINESS
COVID-19 impact? Offshore accounting jobs are coming to India
There is a boom in offshore accounting jobs in India with remote working become the new normal. Indian professionals in various levels of their CA qualification can now get a chance to join global accounting firms.
BUSINESS
COVID-19 second wave: 7.5 million jobs lost; here's which sector was hit badly
A recent report by Centre for Monitoring Indian Economy (CMIE) showed that unemployment was rising, particularly in urban areas. Experts say Q1 FY22 will be a washout for recruitment, except for jobs in high-technology areas and data.
BUSINESS
COVID-19: Wide mismatch in death toll, insurance claims reveal uninsured India
In FY20, the country had a measly insurance penetration of 3.76 percent, life at 2.82 percent and non-life stood at 0.94 percent. While the pandemic has jolted those, who have lost close relatives and friends into buying the product, it is still a mountain to climb.
BUSINESS
COVID-19 second wave: V-Guard Industries sees significant impact on consumer demand in Q1
V-Guard posted a 112 percent year-on-year (YoY) rise in its consolidated net profit for Q4 at Rs 68.39 crore.
TRENDS
Second wave affect: India Inc scramble to plug shortages | Semiconductors, metals, manpower at a premium
Auto majors JLR, Bajaj Auto; laptop industry, FMCG firms, electronic units are all hit by paucity of finished components and raw material, restricted manpower usability and state-level lockdowns
BUSINESS
Bajaj Electricals eyes debt-free position by end of FY22, to stay away from power distribution projects
Bajaj Electricals posted a consolidated net profit of Rs 54.26 crore for the March quarter (Q4). The company had posted loss of Rs 81 lakh in the year-ago period.
BUSINESS
Explained | Here's what state governments have decided on CBSE Class 12 Board Exam 2021
States like Chhattisgarh will be holding the examination from June 1 through an online model. Nagaland has already conducted the exam and results are expected by the last week of July.
BUSINESS
CBSE Class 12 Board Exam 2021 delays: College cut offs set to rise 1-1.5 percent as compared to 2020
Since board examinations may have a shorter format amid the pandemic, universities are tightening their entry criteria; sports quota could be casualty
BUSINESS
Job change: How many companies should you apply for?
If you just apply for one job at a time, chances are that your attempts to quit your current job will go awry.
BUSINESS
Online sales, contactless underwriting game changer for insurance sector in COVID times
Since people are reluctant to venture out of homes, video medical tests are the norm now. There is a questionnaire for potential policy buyers and customers are asked 4-5 COVID- related questions. For COVID-recovered customers, there could be a cooling-off period of 3-6 months.
INDIA
MBBS students, fresh graduates fill gaps in COVID wards, but there are challenges
Hospitals are deploying medicine students and freshly graduated doctors for COVID care, but many complain of long hours and delayed salaries at government facilities, while senior physicians get the additional burden of training raw talent.
