{"id":118854,"date":"2021-07-27T06:17:34","date_gmt":"2021-07-27T06:17:34","guid":{"rendered":"https:\/\/www.edristi.in\/?p=118854"},"modified":"2021-07-27T06:17:36","modified_gmt":"2021-07-27T06:17:36","slug":"pandemic-pool-to-manage-risks-on-long-term-basis","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/pandemic-pool-to-manage-risks-on-long-term-basis\/","title":{"rendered":"Pandemic Pool to manage risks on long-term basis"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: Which organisation has recently (July 2021) urged for a creation of a pandemic pool to manage risks on long-term basis ?<br><\/strong>A. CII<br>B. FICCI<br>C. SIYAM<br>D. NASSCOM<br><strong>Answer- A<br>Related facts &#8212;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>CII has recently (July 2021) urged for a creation of a pandemic pool to manage risks on long-term basis.<\/li><li><strong>Background &#8212;<\/strong><\/li><li>It is notable that devastating impact of the COVID-19 crisis has made financial, administrative and social systems fragile and vulnerable.<\/li><li>A majority of the pandemic-related risks have been covered by insurance companies in the form of life and health claims.<\/li><li>But, the interruptions and halt in the economic machinery could not be covered by insurance companies in most countries as the loss due to the peril of state-imposed lockdown has not been an explicit inclusive clause in the standard insurance contracts.<\/li><li>Although overall, insurance companies have been able to cover losses caused by the pandemic, the total capital available with them is less than the capital required to absorb those losses.<\/li><li>In the backdrop of above mentioned reasons the CII urges all stakeholders for creation of a pandemic pool to manage risks on long-term basis.<\/li><li><strong>CII &#8212;<\/strong><\/li><li>The Confederation of Indian Industry is a non-governmental trade association and advocacy group based in New Delhi, India founded in 1895.<\/li><li>CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/economy\/cii-calls-for-creation-of-a-pandemic-pool-7189261.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.moneycontrol.com\/news\/business\/economy\/cii-calls-for-creation-of-a-pandemic-pool-7189261.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Which organisation has recently (July 2021) urged for a creation of a pandemic pool to manage risks on long-term basis ?A. CIIB. FICCIC. SIYAMD. NASSCOMAnswer- ARelated facts &#8212; CII has recently (July 2021) urged for a creation of a pandemic pool to manage risks on long-term basis. Background &#8212; It is notable that devastating [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":118855,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1137],"tags":[2541],"class_list":["post-118854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mis","tag-miscellaneous-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/118854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=118854"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/118854\/revisions"}],"predecessor-version":[{"id":118856,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/118854\/revisions\/118856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/118855"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=118854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=118854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=118854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}