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Jan Vishwas Bill rationalises compliance, decriminalises minor offences in health sector
“This marks a shift towards a more facilitative regulatory...
Maritime Reinsurance: 6 more US insurers to partner DFC and Chubb providing up to $40B in coverage for Strait of Hormuz passage
Apart from Chubb, Travelers, Liberty Mutual Insurance, Berkshire...
Crop Loss:Chouhan asks officials to expedite insurance claims to farmers
Shivraj Singh Chouhan, Union Minister for Agriculture and Farmers’ Welfare, and Rural Development Chouhan stated that the government’s focus is not limited to production alone, but also extends to the scientific assessment of crop damage, proper settlement of...
US allies see no way of opening Hormuz Strait during war
European capitals are preparing to combine military and insurance options for a post-conflict transition period.The UK has been in talks with Lloyds of London — the world’s largest insurance market — about insurance products and prices for when that happens, according...
US sending Marines and amphibious assault ship to Middle East, officials say
Even if the conflict does stop soon, there will be no rapid recovery from the upheaval caused by airstrikes and Iran’s virtual closure of the Strait of Hormuz, the conduit for 20% of the world’s oil and liquefied natural gas The U.S. military is deploying a large...
Airspace curbs, higher operational costs pose challenges for airlines amid West Asia conflict
Officials also said insurance premiums in the wake of the war have surged since February 28, ranging from Rs 30 lakh to up to Rs 1 crore, depending on narrow-body and wide-body aircraft.One of the officials said there is now a kind of war premium, which is about Rs...
West Asia crisis impact limited so far, but risks rise if Strait disruption prolongs: Jefferies
The report further emphasizes the fundamental linkage between energy and growth, noting that "economic growth is energy consumed," implying that any sustained disruption could directly hit growth trajectories of countries like India. New Delhi:The ongoing West Asia...
Nearly 45% of Indian road accidents fatalities involve 2-wheelers, says Secy, MoRTH
Reaffirming the Government’s focus on high-risk areas, he informed that 100 districts with the highest number of accidents have already been identified for targeted interventions. New Delhi:V Umashankar,secretary, Ministry of Road Transport and Highways, remarked that...
Gulf banks face $307 billion deposit flight risk if war worsens, S&P says
An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in the Gulf, which have proved resilient since war broke out in the region last month.Banks insist they are continuing to serve clients, without interruption...
EU sanctions Chinese and Iranian companies for cyberattacks
The EU listed China-based Integrity Technology Group and Anxun Information Technology, and Iranian company Emennet Pasargad The European Union on Monday imposed sanctions against two China-based and one Iranian company for cyberattacks against EU member states. The EU...
Govt’s proposal to preload national ID app Aadhaar on phones opposed by smartphone firms
MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service. While the government maintains that the system is safe and secure, it has faced...
7 killed in fire after explosion at EV charging point outside house in Indore
Police Commissioner Santosh Kumar Singh said a car was being charged outside the three-storey house.Cooking gas cylinders inside the house also exploded, which further intensified the fire, Indore:Seven persons were killed when a fire broke out after an explosion at...