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Fund bosses vent ‘Mass Frustration’ as ESG tumult grips industry

by AIP Online Bureau | Dec 20, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Managers running the funds affected are now talking openly of the “chaos” they say has hit the investment management industry. The chief cause, they say, is a regulatory framework whose confusing rollout just blasted a $125 billion hole through the very top of the ESG...

India’s digital economy grew 2.4 times faster than Indian economy: RBI Report

by AIP Online Bureau | Dec 20, 2022 | Data, Eco/Invest/Demography, Technology

In absolute terms, the size of the digital economy has grown from USD 107.7 billion in 2014 to USD 222.5 billion in 2019. Mumbai: India’s digital economy grew 2.4 times faster than the economy between 2014 and 2019 generating around 62.4 million jobs, said a paper...

Patients’ health data is not shared with insurance, pharma firms without consent: Govt

by AIP Online Bureau | Dec 20, 2022 | Health, Indian News, Non-Life, Policy, Technology

Responding to a question on whether patients’ health data is shared with insurance and pharmaceutical companies under the Health Data Management (HDM)policy, Health Minister Mansukh Mandaviya said the HDM policy is a guidance document which sets out the minimum...

Health Minister Mandaviya to review Covid situation Wednesday amid spurt in cases in US, China

by AIP Online Bureau | Dec 20, 2022 | Health, Indian News, Non-Life, Pandemic

Health Ministry on Tuesday urged all states and Union territories to ramp up the whole genome sequencing of positive samples to keep track of newer variants In a letter to states and UTs, Union Health Secretary Rajesh Bhushan said such an exercise will enable timely...
IRDAI asks re/insurers not to use IIB burning rate  as minimum rates within `Reinsurance Treaty Agreements’

IRDAI asks re/insurers not to use IIB burning rate as minimum rates within `Reinsurance Treaty Agreements’

by AIP Online Bureau | Dec 20, 2022 | Indian News, Intermediaries, Non-Life, Reinsurance

Given the tough conditions at 1/1 renewals and shortage of proportional capacity that is being witnessed elsewhere for India reinsurers may insist on more retention and trend will continue for non proportional arrangements . At the same time as the non IIB rates are...
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