The IMF also mentioned that it has "observed disruptions to trade...
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Middle East Conflict Risks:Global reinsurers shielded by robust capital and earnings
There will be sizable insured losses, and the conflict could have...
Black Swan scenarios: Crisis of geopolitical instability and interconnected risks
According to new Allianz Risk Barometer analysis,respondents in...
Axis Max Life Insurance unveils sustainable wealth 50 Index Fund
Axis Max Life Insurance Ltd. formerly known as Max Life Insurance Company. announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund. This first-of-its-kind fund which intends to invest in companies that generate consistent cash flows based on the...
64.5 mn passengers carried on international routes in Jan-Nov 2024, up 11.4 pc: Centre
“The number of domestic passengers carried by scheduled domestic Indian carriers has witnessed a growth of 5.9 per cent in the year 2024 as compared to the previous year 2023 during the same period,” said the ministry New Delhi: A total of 64.5 million passengers were...
EPFO launches centralised pension system, benefitting 6.8 mn members
The Centralized Pension Payments System (CPPS) is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement...
Draft DPDP rules moot parental consent for processing children’s data
E-commerce, social media and gaming platforms will fall under the category of data fiduciaries. As per the rules, entities will be able to use and process personal data only if individuals have given their consent to consent managers – which will be entities entrusted...
Centre on alert over respiratory, seasonal influenza cases amid Covid-like HMPV outbreak in China
The National Centre for Disease Control (NCDC) under the Union health ministry is closely monitoring respiratory and seasonal influenza cases in the country, and is in touch with international agencies, according to official sources New Delhi: The National Centre for...
Auto sales: Retail sales up 9% in India, crosses 26 million units in 2024
In 2024, EV sales reached 1.95 million units, up from 1.5 million in 2023. EV penetration also went up to 7.5%, compared with 6.39% in the previous year. Driven by rising private consumption and disposable incomes, India saw vehicle retail sales increase by at least...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near or below 90% and a low-teens ROE for 2024. Not only have reinsurers' operating and performance ratios improved but so have aggregate balance sheet metrics, providing some context around how quickly and...
High interest rates declining export finance impacting exporters’ competitiveness CII’s Budhia
`` Export Credit Guarantee Corporation of India (ECGC) currently provides 90 per cent insurance cover for exporters with a credit limit of up to Rs 50 crore. This coverage could be extended to Rs 100 crore, and more banks could be brought into the fold to ensure...
India cut GDP emission intensity by 36 pc during 2005-2020 Govt report
India continues to decouple economic growth from greenhouse gas emissions. Between 2005 and 2020, the emission intensity of India's GDP declined 36 per cent, India's fourth Biennial Update Report (BUR-4) submitted to the United Nations Framework Convention on Climate...
Commerce min plans to expand food testing infrastructure to boost exports Official
"Though we have taken a number of measures, we are doing a deeper analysis commodity and area-wise. We are trying to find out gaps in our food testing infrastructure. We hope that the study will be over in 2-3 months and after that we will come up with a full plan of...