Debasish Panda, chairman,IRDAI Bima Vistaar will have a combined...
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RBI plans curbs on suspect bank accounts to fight cyber frauds
The plans come as internal government data shows individuals have...
Russia reinsurer backs firms to get India marine insurance permit
Russian companies Sogaz Insurance, Alfastrakhovanie, and VSK...
India to have 220 GW renewable energy capacity by 2022: PM
“Technology holds the key to scale up the use of solar energy. Technological advancements have already brought about a significant reduction in the price of solar power. A further reduction in the cost will provide a major boost to the use and expansion of renewable energy,” Prime Minister Narendra Mod said in the message.
India’s child mortality rate declined between 1990 and 2019: UN
However, the COVID-19 pandemic has resulted in major disruptions to health services that threaten to undo decades of hard-won progress toward eliminating preventable child deaths.
Passenger vehicle retail sales fall 7% in August: Automobile dealers’ body FADA
Total sales across categories declined 26.81 per cent to 11,88,087 units last month as against 16,23,218 units in the year-ago month.
Total sales across categories declined 26.81 per cent to 11,88,087 units last month as against 16,23,218 units in the year-ago month.
Entry level passenger vehicles were in high demand as personal mobility is being preferred with current pandemic showing no signs of slowing down, he added.
FADA(Federation of Automobile Dealers Associations) President Vinkesh Gulati noted that urban centres were also now showing signs of recovery.However, the overall demand is still not back to pre-COVID-19 levels as banks and non-banking finance companies (NBFCs) continue to have a cautious approach towards funding, especially commercial vehicles, he added.
EPFO decides to credit part of 8.5% interest for FY20: Report
The decision to provide 8.15 per cent interest on EPF has been taken at the Employees’ Provident Fund Organisation’s (EPFO) trustees meet held on Wednesday, a source told PTI.
The remaining 0.35 per cent rate of interest on EPF for 2019-20 would be credited into the subscribers account in December this year, the source further said.
Climate change may cause 26% habitat loss for snow trout in Himalayan rivers: Study
The study says mountain systems across the globe are conspicuously sensitive to on-going climate alterations and the condition is much more detrimental in the Himalaya, where the rate of warming, and thus the glacier meltdown, is much higher than elsewhere.
The study reiterates that if the countries across the globe continue their greenhouse emissions as usual (mentioning it as the ‘business-as-usual scenario’), “the species (snow trout) would lose a net habitat of 16.29% till the year 2050 which would further increase to 26.56% in the year 2070.”
“As it stands, the snow trout faces serious threats due to river valley modifications, destructive fishing practices and exotic salmonid introductions,” it says.
Mahindra Insurance Brokers launches paybima.com
Jaideep Devare, managing director, Mahindra Insurance Brokers said, “The financial services industry is witnessing the rise of a new tech-savvy millennial customer segment, augmented by increasing internet penetration and smartphone usage. PayBima, with its advanced analytics and personalised customer journeys, reinvent our offerings and leverage technology to cater to the evolving needs of our customers.”
GIC Re incurs losses of Rs 557 cr in Q1 FY2020-21, sees higher underwriting losses and lower investment income
Global scenario for insurance industry for the FY 2020-21 has shown weak trends due to COVID-19 situation. GIC Re although has maintained its prominent position in Indian insurance sector, there has been reduction in business for the Q1 2020-21 partially due to strategic reduction of risk acceptance and partially due to reduction of overall direct premium in India, said the corporation..
GIC Re however expects to see rebound in business during the rest of the year. GIC Re’s gross premium for foreign business has shown a growth for the 1st Quarter 2020-21, added the corporation…
India records highest Coronavirus deaths in more than a month
According to the Indian Council of Medical Research, the number of tests conducted for detection of COVID-19 in India has reached 5,06,50,128 with 10,98,621 samples being tested on Monday.
India’s hiring outlook bleakest in 15 yrs; only 3% firms planning to hire
The strongest hiring pace is recorded in the small-sized organisations followed by the medium-sized and large-sized firms. From a region perspective, north and east regions indicate a more positive outlook compared to the west and south, the survey said.
“Post the ‘right sizing’ exercise aligning themselves to the current market demands, organisations are now looking at improving productivity, new forms of employee engagement, getting furloughed employees back and implementation of technology,” said Sandeep Gulati, Group Managing Director of ManpowerGroup India.
India scaling up production of active pharmaceutical ingredients: Kant
Professor K Vijay Raghavan, Principal Scientific Advisor to the Government of India, said personalised medicines are the future in healthcare. Personalised medicine was till recently seen as a “fancy way of having individual-oriented medication” but today in India — due to the dramatic scaling up of telemedicine and a variety of tele-consulting ways — one is going to see personalised medicine at the grassroot-level in a population of more than a billion.