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E-commerce losses due to online fraud to exceed $48 billion globally

by AIP Online Bureau | Oct 12, 2022 | Eco/Invest/Demography, International News, Risk Management

This growth will be accelerated by the increasing use of alternative payment methods, such as digital wallets and BNPL (buy-now-pay-later), which are creating new fraud risks “To combat this fraud, e-commerce merchants must implement simple steps such as address...
Wage Revision: FM clears 12% salary hike with 5-yr arrears for PSU GI industry

Wage Revision: FM clears 12% salary hike with 5-yr arrears for PSU GI industry

by AIP Online Bureau | Oct 11, 2022 | Indian News, Non-Life, Policy

Finance minister Nirmala Sitharaman Sources in the industry inform that Sitharaman,who had refused her final approval to the wage hike proposal unless unions of the PSU GI industry agree for the “Performance Linked Future Wage Revision’’, had changed her mind to...

Odisha starts prepping for upcoming ‘cyclone season’

by AIP Online Bureau | Oct 11, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

”Odisha usually witnesses the wrath of cyclones during the withdrawal of monsoon in October and November. Odisha’s geographical situation and climate change have also caused cyclones during the summers since 2019,” . Bhubaneswar: The Odisha...

Deficient monsoon and excess rains afterwards, UP farmers stare at heavy losses

by AIP Online Bureau | Oct 11, 2022 | Eco/Invest/Demography, Non-Life, Reinsurance

As per IMD data, Uttar Pradesh recorded almost 30 per cent less rainfall this monsoon season (June 1 to September 30). Because of this, 53 of the total 75 districts recorded deficient rainfall. The lack of rainfall too harmed farmers by affecting their Kharif crops...

China’s population flows to pressure some local governments’ financials: Fitch

by AIP Online Bureau | Oct 11, 2022 | Eco/Invest/Demography, International News, Policy

China’s urbanisation rate is already advanced at 64.7%, close to the government’s target of 65% by 2025, following successive liberalisation of the household registration system in recent years. Still, we also expect some rural to urban migration to continue over the...
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