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COP27 UN conference- GFIA calls for collective action to prevent loss of life and reduce economic losses

by AIP Online Bureau | Nov 9, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Serving policyholders at all the milestones in their lives, (re)insurers play a crucial role in addressing climate-related risks, primarily through their measuring, pricing and assumption of risk and thus through their payment of insured claims — including life and...
Insurers take up `GST evasion’ issue with Govt, Revenue Secy Bajaj assures fair investigation and no coercive actions

Insurers take up `GST evasion’ issue with Govt, Revenue Secy Bajaj assures fair investigation and no coercive actions

by AIP Online Bureau | Nov 9, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

Tarun Bajaj, revenue secretary, ministry of finance The government has said investigations by the Directorate General of GST Intelligence, Mumbai Zonal Unit have revealed that input tax credit of Rs 824 crore has been availed by 16 insurers, out of which an amount of...

FinMin finalizes framework for sovereign green bonds

by AIP Online Bureau | Nov 9, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

These rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects. New Delhi: The Finance Ministry has finalized the framework to issue sovereign green bonds in line with global standards, according to sources. The...

Census, NPR databases declared as critical information infrastructure

by AIP Online Bureau | Nov 9, 2022 | Eco/Invest/Demography, Indian News, Technology

The computer resources of all associated dependencies of the aforementioned entities have also been declared as “protected systems” under the law New Delhi: The government has declared certain databases related to the Census and the National Population Register (NPR)...
At least 6 dead as 6.3-magnitude earthquake hits Nepal; tremors felt across north India

At least 6 dead as 6.3-magnitude earthquake hits Nepal; tremors felt across north India

by AIP Online Bureau | Nov 9, 2022 | Disaster & Management, International News, Non-Life, Reinsurance

The National Earthquake Monitoring Centre of Nepal said a 6.6-magnitude quake was recorded at 2.12 am. The epicentre was Doti district. Mild aftershocks were also felt in the Uttarakhand-Nepal region at 3:15 am and 6:27 am. The NCS said the magnitude of the two...
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