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80 % Indians feel digital tech effectively used to respond to COVID-19: EY survey

by AIP Online Bureau | Jun 8, 2021 | Eco/Invest/Demography, Facts, Pension & Social Security, Technology

  Eighty percent of Indian citizens feel that the government and public services in India have been effective in using digital technology to respond to the COVID-19 pandemic, according to a new'EY Connected Citizen Survey'. Respondents in India hold a...

Banks offering higher interest rates on FDs to encourage COVID-19 vaccination

by AIP Online Bureau | Jun 8, 2021 | Eco/Invest/Demography, Facts, Health

  Kolkata:  In a bid to encourage more COVID-19 vaccination, some state-owned lenders have announced higher interest rates on deposits, but for a limited period. City-based UCO Bank said it is offering 30 basis points or 0.30 per cent higher rate on...

SBI union, others urge Indian cbank to scrap digital payments plan-letter

by AIP Online Bureau | Jun 8, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

A union representing India's largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters on Tuesday that privatisation could compromise data safety. In a bid...

General Insurance industry likely to grow cautiously in FY2022; underwriting losses set to rise : ICRA

by AIP Online Bureau | Jun 8, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

Mumbai: The General Insurance (GI) industry had seen a slowdown in the growth of 14% in FY2019 after two year of steady growth, in FY2017 and FY2018.  In CY2020, India had witnessed the onset of a Covid-19 pandemic, which resulted in a nationwide lockdown for 2...

Govt sets maximum price of vaccines for private hospitals: Covishield Rs 780 a dose, Covaxin Rs 1410

by AIP Online Bureau | Jun 8, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The government on Tuesday set the maximum price private hospitals can charge for the three COVID-19 vaccines currently available in the country — Covishield Rs 780 per dose, Covaxin Rs 1,410 and Sputnik V Rs 1,145. In a letter to all states and...
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