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Central govt employees retiring day before annual pay hike date to get notional increment

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

As specifically mentioned in the orders of the apex court, “grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary...

Japan’s 3 major casualty insurers plan to sell $9.5 billion of cross-held shares

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation

Eliminating cross shareholdings is seen by many as a yardstick for measuring corporate governance reform at Japanese companies. Japan’s industry body for non-life insurers told its members in September to cut their cross-shareholdings in the aftermath of a...
Climate risks cost EU farmers 28 billion euros a year, EU says

Climate risks cost EU farmers 28 billion euros a year, EU says

by AIP Online Bureau | May 21, 2025 | Workplace/Employee Benefits

“Climate change and its consequences could restrict farmers’ access to finance, as banks could become even more reluctant to take risks than they are today,” Christophe Hansen, the EU’s commissioner for agriculture and food, said in a statement, urging action to...
Cyberattack costs Marks & Spencer $403 million in operating profit

Cyberattack costs Marks & Spencer $403 million in operating profit

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The British retailer will try to mitigate the impact with cost savings and insurance payouts, it said Wednesday. Online clothing and home orders, which account for more than £3 million of sales a day and have been suspended for more than three weeks, will be disrupted...
Use of term ‘bouncer’ intended to invoke fear terror in public mind: HC

Use of term ‘bouncer’ intended to invoke fear terror in public mind: HC

by AIP Online Bureau | May 21, 2025 | Indian News, Workplace/Employee Benefits

It also observed that the primary reason for engaging the services of a security agency or security guards is to ensure a safe and respectful space, but when these employers or employees become “miscreants”, assuming themselves to be extra-constitutional...
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