"The Claims Tribunal had also failed to consider that on account of...
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Risk Management
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World’s rivers faced the driest year in three decades in 2023, the UN weather agency says
“Water is the canary in the coalmine of climate change. We receive...
Russian strikes on Ukraine’s ports and ships push insurance rates up
Insurance sources said on Thursday the war premiums had jumped...
IRDAI forms panel to explore possibility of an “Indian Pandemic Risk Pool”, to address BI risks arising out of a Pandemic event
There is a need to examine long-term solutions to address the various risks which have been triggered by the current pandemic and offer protection in case of a future similar crisis.Some of the risks like Business Interruption losses without concurrent material damage loss,loss of employment would result in huge losses much beyond the capacity of government /insurers /reinsurers, said IRDAI.
The panel will examine the the need for setting up a Pandemic Risk Pool giving rationale for the same,recommend the structure and operating model for the Pool within eight weeks. .
Court grants relief to Unilever’s India unit over ‘Glow & Handsome’ trademark
The company said its skin cream for men will be called ‘Glow & Handsome’, but Emami said it had launched ‘Glow & Handsome’ digitally one week before HUL announced the name change.
TikTok quits Hong Kong as U.S. giants suspend processing data requests
The U.S. companies’ social media platforms are generally banned in China, where access is blocked by Beijing’s “great firewall”. Most have operated freely in Hong Kong, but will now have to determine how to comply with new rules for the city, which rights groups say threaten freedoms enjoyed for decades.
Facebook (FB.O), which also owns WhatsApp and Instagram, said in a statement on Monday it was pausing reviews of user data requests for all of its services “pending further assessment of the National Security Law.”
Google and Twitter (TWTR.N) said they had suspended their reviews of data requests from Hong Kong authorities immediately after the law went into effect last week. Zoom and Microsoft’s LinkedIn issued similar statements on Tuesday.
Panel probing deadly south Indian gas leak finds LG Polymers negligent
“There were no proper preventive mechanisms to avert such incidents and the warning siren facility was also not in order,” the Andhra Pradesh government statement on the committee’s findings said
Trump admin says foreign students must leave US if classes go online
According to immigration attorney Cyrus Mehta, the latest one-pager policy announcement means three things: Students enrolled in US universities that are moving to an online-only education model will be barred from getting F-1 visas, they will be stopped from entering the US on F-1 visas and not allowed to maintain F-1 status in the Fall semester.
UK watchdog ask Big Four accountants to ring fence audit by June 2024
Audit practice culture should encourage ethical behavior, openness, teamwork, challenge and professional skepticism and judgment, it said.
Govt may appoint ecommerce regulator; impose stricter rules on Google, Amazon: Report
The suggested norms may mandate that online companies provide the government access to their source codes and algorithms, the report said.
Threat call to Mumbai’s Hotel Taj: FIR registered
The Taj hotel was one of the establishments targetted by Pakistani terrorists during the 26/11 terror attack on Mumbai.
Bajaj Auto unions demand factory halt after 250 workers catch COVID-19
Workers and union leaders say Bajaj has taken steps to ensure social distancing on the factory floor and in its cafeteria, besides arranging separated seating on its buses and providing masks and sanitisers for staff. But they say this is not enough.
At least 126 killed as Myanmar jade mine collapse buries workers
“There’s no hope for the families to get compensation as they were freelance miners.”
The government of Nobel laureate Aung San Suu Kyi pledged to clean up the industry when it took power in 2016, but activists say little has changed.
Official sales of jade in Myanmar were worth 671 million euros ($750 million) in 2016-17, according to data published by the government as part of an Extractive Industries Transparency Initiative.