“ We want to clarify that LIC has introduced products that align...
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Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel
Bhartruhari Mahtab,chairman, Standing Committee on Finance The...
Red Sea insurance rates to stay firm as US airstrikes raise fears for ships
War risk premiums briefly eased to around 0.5% of the value of a...
South Africa’s deadliest floods in nearly three decades claim more than 250 lives
“The damages seem quite severe and we have received a significant volume of claims. We expect a significant number of new claims will be reported in the coming days, and we have mobilized our teams to deal with the expected volumes to ensure continuity of customer...
APAC with over $15 billion accounts for the highest percentage of Q1 global economic losses: AON
The first quarter is typically the quietest of the year, though 2022 marked the sixth consecutive year to record more than $10 billion in insured losses The preliminary Q1 overall economic loss was $31 billion. Public and private insurers covered $14 billion of this...
China warns of NFT-related financial risks
Although NFTs could contribute to China's digital economy, they could also lead to speculative trading, money laundering, and illegal financing, said the trio, who also issued a joint ban on cryptocurrency trading last year NFTs must not be used in the issuance of...
As tougher climate disclosures hit, campaigners scour for laggards
Almost 2,000 climate change-related lawsuits have been launched around the world to date, the bulk in the last seven years, London’s Grantham Research Institute on Climate Change and the Environment showed Britain on [April 6] became the first G20 country to make it...
Inflation wave reaches Asia with signs worst is yet to come
Inflation readings across the region -- China, India, Indonesia, Philippines, Thailand and South Korea -- recently rose more than forecast, while New Zealand on Wednesday hiked rates by the most in 22 years over price worries. And accelerating manufacturing costs...
IMF, World Bank, WFP and WTO urge coordinated action on food security
In a joint statement, the leaders of the four institutions warned that the war in Ukraine was adding to existing pressures from the COVID-19 crisis, climate change and increased fragility and conflict, threatening millions of people worldwide The World Bank,...
Just 78 out of 300 top listed cos disclosed net-zero carbon emission goals in last 3 financial years: Report
FY21, the number of companies making net-zero commitments was only 26 per cent of these top 300 but the number has doubled over FY20 and is at four times the number in FY19. This trend is heartening as it gives a fillip to the country's commitments towards becoming...
Auto sales remain in slow lane in FY22; two-wheeler dispatches lowest in 10 years
SIAM noted that the two-wheeler dispatches in last fiscal were the lowest in 10 years. Similarly, passenger vehicle dispatches last fiscal were below 2017-18 and 2018-19 levels. ''While some segments like commercial vehicles and SUVs are seeing improvement in demand,...
Govt in discussion with World Bank for collaboration on coal mine closure framework
Coal Additional Secretary M Nagaraju said both renewable energy (RE) and coal will go hand in hand complementing each other for some more time and then RE will take over the energy security of the country The ministry had earlier said it is in the process of...
India’s crypto exchanges block deposits via state-backed system, stir alarm
No official data is available on the size of the Indian crypto market, but industry estimates suggest investors number from 15 million to 20 million, with total holdings of about 400 billion Indian rupees ($5.25 billion) Mumbai: Big Indian crypto exchanges CoinSwitch...