Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has assured insurers it will process on a fast-track mode applications seeking approval for products that cover risks arising out of COVID-19. Details of the news are important for prelims.
Russia and China have been cosying up to each other since long. In fact since the 2000 only, we are seeing examples of this friendship. However, there is more than what meets the eye in this relationship.