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Over 17,000 people died in floods and heavy rains between 2012-2021: Govt

by AIP Online Bureau | Jul 31, 2023 | Data, Disaster & Management, Eco/Invest/Demography

Responding to a question in the Rajya Sabha, Minister of State for Jal Shakti Bishweswar Tudu said the increased incidence of high intensity rainfall of short duration is mainly responsible for urban floods, which is further compounded by unplanned growth,...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report

RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report

by AIP Online Bureau | Jul 31, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

The bank however has termed claims made in this report “completely incorrect and baseless” Kotak Mahindra’s holdings in units – Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. – are also under review as the...

IRDAI appoints Liberty General Insurance as “Lead Insurer”(Non-Life) for Delhi

by AIP Online Bureau | Jul 31, 2023 | Briefs, Eco/Invest/Demography, Health, Non-Life

Liberty General Insurance has been appointed as the “Lead Insurer”(Non-Life) for Delhi by the IRDAI. This appointment is part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive insurance inclusion in collaboration with other insurers,...
Focus on infra, investment, innovation, inclusiveness to make India developed nation by 2047: FM

Focus on infra, investment, innovation, inclusiveness to make India developed nation by 2047: FM

by AIP Online Bureau | Jul 31, 2023 | Eco/Invest/Demography, Indian News, Policy, Technology

Union Finance Minister Nirmala Sitharaman said, infrastructure is not just going to be physical such as bridges, roads, ports or airports, but also creation of digital infrastructure is given importance New Delhi: Finance Minister Nirmala Sitharaman on Saturday said...
Reliance General Insurance receives Rs 200 cr capital from its promoter

Reliance General Insurance receives Rs 200 cr capital from its promoter

by AIP Online Bureau | Jul 31, 2023 | Banking & Bancassurance, Indian News, Non-Life, Regulation

Rakesh Jain, CEO of Reliance General Insurance said, “With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions.” Mumbai: Reliance General Insurance Company Ltd (RGICL), in a...
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