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European Commission to propose floating Russian oil price cap

by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Policy

The Commission proposed lowering the Group of Seven (G7) nations’ price cap from $60 a barrel to $45 barrel in June in its 18th package of sanctions against Russia for its invasion of Ukraine. The G7 price cap, aimed at curbing Russia’s ability to finance the war in...
Insurance cost surge for commercial ships sailing past Yemen’s Houthi militants

Insurance cost surge for commercial ships sailing past Yemen’s Houthi militants

by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. That’s up from 0.2% to 0.3% in recent months, a period...
Govt unveils scheme with up to Rs 9.6 lakh incentive on purchase of electric trucks under PM E-DRIVE

Govt unveils scheme with up to Rs 9.6 lakh incentive on purchase of electric trucks under PM E-DRIVE

by AIP Online Bureau | Jul 11, 2025 | Climate, Environment, Renewable Energy, Indian News, Technology

“Diesel trucks, though constituting only 3 per cent of the total vehicle population, contribute to 42 per cent of transport-related greenhouse gas emissions and significantly worsen air pollution. This pioneering scheme represents India’s first dedicated...
Asia Index launches BSE Insurance Index

Asia Index launches BSE Insurance Index

by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

The BSE Insurance Index is derived from the constituents of BSE 1000 Index that are classified under the insurance industry.This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in...
IRDAI board meet on July 14, likely to approve new licenses

IRDAI board meet on July 14, likely to approve new licenses

by AIP Online Bureau | Jul 10, 2025 | Indian News, Non-Life, Regulation

In the absence of  a regular chairman after Debasish Panda ended his three-year term  in March ,PK Arora, member, Actuary, IRDAI, will chair the IRDAI board meeting New Delhi/Hyderabad: Insurance regulator IRDAI will have its next board meet on 14th July and...
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