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Banks to clear cheques within few hours from Oct 4: RBI

Banks to clear cheques within few hours from Oct 4: RBI

by AIP Online Bureau | Aug 13, 2025 | Banking & Bancassurance, Indian News, Technology

To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with...
AI’s Ahmedabad Disaster: Crash victim’s son moves US Federal Court against Boeing

AI’s Ahmedabad Disaster: Crash victim’s son moves US Federal Court against Boeing

by AIP Online Bureau | Aug 13, 2025 | Indian News, Non-Life, Reinsurance, Technology

“We have hired Mike Andrews. We expect the raw details of information from the black-box to come before us at the earliest so that we can make further decisions regarding the next course of steps, along with our lawyer. In India, trials get dragged out for...

African lender weighs claiming Lloyd’s payout on Zambia debt

by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

TDB — together with the African Export Import Bank — has found itself at the center of an increasingly contentious debate about including the lenders’ facilities in sovereign-debt restructuring on the continent. While Afreximbank is adamant it won’t participate, TDB...
Swiss Re tackles longevity drug impact with life policy advice

Swiss Re tackles longevity drug impact with life policy advice

by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management

Metformin, traditionally used to manage type 2 diabetes, and rapamycin, an immunosuppressant developed for organ transplant recipients, are part of a growing list of substances being explored for anti-aging purposes, Swiss Re said. In some cases, the medications are...
Govt finalising legislation to protect power systems from cyber attacks: MoS Shripad Naik

Govt finalising legislation to protect power systems from cyber attacks: MoS Shripad Naik

by AIP Online Bureau | Aug 12, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

These regulations will ensure that the control and operation of power system elements including solar inverters, as well as the exchange of related information, including real-time data, will remain within national boundaries, the Minister of State (MoS) for Power...
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