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Nearly 7K applications okayed for Delhi govt’s Covid aid scheme, 6,000 cases get Rs 50K each

by AIP Online Bureau | Sep 28, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  New Delhi: The Delhi government has so far approved nearly 7,000 applications under a scheme to provide relief to families who have lost a member to COVID-19 and disbursed ex gratia of Rs 50,000 each in over 6,000 such cases, an official statement said on...

Pandemic pushes Chinese tech giants to roll out more courier robots

by AIP Online Bureau | Sep 28, 2021 | Eco/Invest/Demography, Health, International News, Pandemic, Technology

  Sept 28: More than a thousand robots are set to join the delivery personnel ranks of Chinese behemoths Alibaba, Meituan and JD.com over the next year as the pandemic fuels demand for contactless services. The firms expect to operate over 2,000 robots between...

World Bank says Delta variant slowing economic growth in East Asia and Pacific

by AIP Online Bureau | Sep 28, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

The East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said on Monday. Economic activity began to slow in the...

China encourages mainland insurers to sell catastrophe bonds in Hong Kong

by AIP Online Bureau | Sep 28, 2021 | Disaster & Management, International News, Non-Life, Reinsurance

BEIJING: China's banking and insurance regulator released a notice on Monday encouraging the sales of catastrophe bonds by mainland insurers in Hong Kong. Mainland property and casualty insurance companies and reinsurance companies can set up special-purpose...

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

by AIP Online Bureau | Sep 28, 2021 | Indian News, Life, Policy, Regulation

Mumbai: State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end of the fiscal year. The move to hire a CFO follows a decision...
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