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1,997 killed, 18,54,901 hectares crops damaged in disasters in 2022-23: MoS Nityanand Rai in Lok Sabha

by AIP Online Bureau | Mar 14, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...

Govt taking steps to make India $5 trn economy ‘at an early date’: FinMin

by AIP Online Bureau | Mar 14, 2023 | Eco/Invest/Demography, Indian News, Policy

The IMF’s World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 trillion in 2022-23 and cross USD 5 trillion in 2026-27. Some of the important measures taken by the government in the past to...
Flood Risk: shifting from a responsive to an anticipatory approach

Flood Risk: shifting from a responsive to an anticipatory approach

by AIP Online Bureau | Mar 14, 2023 | Articles, Disaster & Management, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management

Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase.  According to Marsh McLennan estimates, 1 out of 3 people...

Centre approves Rs 1,816 crore to five states as disaster relief

by AIP Online Bureau | Mar 14, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Policy

According to an official statement, the assistance will be provided to Assam, Himachal Pradesh, Karnataka, Meghalaya and Nagaland for floods, landslides and cloudburst that occurred during 2022 New Delhi: A High Level Committee, headed by Home Minister Amit Shah, has...

Govt plans new security testing for smartphones, crackdown on pre-installed apps

by AIP Online Bureau | Mar 14, 2023 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

India’s IT ministry is considering these new rules amid concerns about spying and abuse of user data, said a senior government official “Majority of smartphones used in India are having pre-installed Apps/Bloatware which poses serious privacy/information...
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