Israel’s parliamentary finance committee said late on Tuesday it...
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Early warning system for India’s flooded glacial lake was delayed by a year
In recent years, glacial flood early warning systems have been...
Wealth Management: Digitally empowering relationship managers key to growth of business, Accenture
“With growing investable wealth in India, banks and wealth...
ONGC fined Rs 2.05cr for green norm violation in Assam
“Environmental compensation fine amounting to Rs 2,04,90,000 only has been assessed as per formula provided by the National Green Tribunal (NGT), Principal Bench,” said the order dated September 5, 2019
India can be a global hub for tourism healthcare & data analytics: Kumar Mangalam Birla
“Tourism alone, I believe can be a USD 100 billion industry. Same is the story with various sectors in India. The country for example can be centre for development of healthcare solutions, in the digital domain India can generate trillions of data points due to its sheer size and hence it could position itself as a hub for data analytics industry globally,” Birla said
Governance is the most influential ESG factor for both banks & NBFI:Fitch
While Customer Welfare – Fair Messaging, Privacy & Data Security, and Exposure to Social Impacts are rarely relevant to credit ratings currently, Fitch considers them potential rating drivers for the majority of sectors.
National Health Authority, IRDAI recommend measures to check frauds, data standardization
Sixty per cent of the Indian population today is covered under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and privately paid health insurance making it a great opportunity for IRDAI and NHA to jointly work on key areas for the strengthening of health insurance eco-system in the country, making it more efficient and effective, an NHA official said.
Govt to cut insurance premium rates for small exporters: Piyush Goyal
“For accounts with limits below ₹80 crore, the premium rates will be moderated to 0.60 per annum and for those exceeding ₹80 crore, it will be 0.72 per annum for the same enhanced cover,” Goyal told reporters
Insured losses for Typhoon Faxai estimated at $3B-$7B: AIR Worldwide
According to AIR, Typhoon Faxai surpassed Typhoon Higos for the strongest sustained wind speed at landfall in the region and tied with 1958’s Typhoon Helen for the lowest recorded central pressure. Faxai was comparable in strength to Typhoon Jebi, which devastated the southern Shikoku Island in 2018
FPIs turn net buyers, infuse Rs 1,841 cr in first half of Sept
Prior to this, FPIs pulled out a net Rs 5,920.02 crore in August and Rs 2,985.88 crore in July from the domestic capital markets (both equity and debt)
Climate change tops list of world’s ‘extreme risks’
Tim Hodgson, Head of the Thinking Ahead Group, said: “Our extreme risks ranking has seen the emergence of a general trend with financial risks falling down the rankings and non-financial extreme risks growing in significance. Global temperature change becomes the highest ranked risk due to our assessment of higher likelihood coupled with significant impact – in the extreme this would mean mass extinction.
Rs 70,000 cr package announced for exports, realty sectors to boost growth
Besides, a Rs 1,700 crore annual dole will allow Export Credit Guarantee Corp (ECGC) to offer higher insurance cover to banks lending working capital for exports, she said. This will enable reduction in the overall cost of export credit including interest rate, especially for MSMEs, she added
IRDA forms panel to link motor premium with traffic violations
It is perceived that linking Insurance premium to traffic violations committed could reduce road accidents and change driver behavior said IRDAI.