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Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals

Insurers can raise funds through Preference Share and Subordinated debts without IRDAI’s prior approvals

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Regulation

The total quantum of the instruments under other forms of capital taken together has to be lower of the following, at any point in time: 50 percent of the total paid up equity share capital and securities premium of an insurer and 50 percent of the net worth of the...
World’s food supply faces new threat from lack of rain in India

World’s food supply faces new threat from lack of rain in India

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Indian News, Risk Management

Much is riding on the rice crop in India and the monsoon’s progress. Some agricultural scientists are optimistic that there’s still time to continue planting and make up for some of the shortfall. Rain is forecast to be normal for August to September, which may...

348 apps blocked for collecting, transmitting users’ info, says Govt

by AIP Online Bureau | Aug 3, 2022 | Indian News, Risk Management, Technology

“The Ministry of Home Affairs (MHA) has identified 348 mobile applications which were collecting users’ information and transmitting it in an unauthorised manner to servers located outside the country for profiling New Delhi: Amid rising complaints against...
LIC breaks into Fortune 100 list

LIC breaks into Fortune 100 list

by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Indian News, Life

The nation’s biggest life insurer LIC with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. This is the first outing of LIC on the list, which ranks listed companies by sales New Delhi:...
Over 23.08 cr Ayushman Bharat Health Account numbers created

Over 23.08 cr Ayushman Bharat Health Account numbers created

by AIP Online Bureau | Aug 3, 2022 | Health, Indian News, Policy

Union Health Minister Mansukh Mandaviya The Ayushman Bharat Digital Mission (ABDM) aims to develop the backbone necessary to support the integrated digital health infrastructure of the country. It will bridge the existing gap amongst different stakeholders of the...
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