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Colossal erosion transformed ancient Earth’s surface: Study

by AIP Online Bureau | Jan 8, 2019 | Facts, Risk Management, Trends, Facts

  Earth's surface experienced the largest crustal erosion event in its history about 700 million years ago, paving the way for animal life to develop, according to a study.   Scientists, including those from the University of Southampton in the UK, found...

RBI sets up panel under Nandan Nilekani to boost digital payments

by AIP Online Bureau | Jan 8, 2019 | Indian News, Regulation, Risk Management, Technology

  Mumbai: The Reserve Bank of India (RBI) on Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country. The five-member panel has been...

Ministry to question IndiGo, GoAir, others on Pratt & Whitney engine woes

by AIP Online Bureau | Jan 8, 2019 | Indian News, Risk Management

  New Delhi: Indian carriers IndiGo and GoAir, aircraft manufacturer Airbus and engine maker Pratt & Whitney will meet Indian civil aviation ministry officials on Tuesday to discuss ongoing issues with engines fitted to A320neo planes, three people familiar...

Global natural disasters wreak $160 bn damage in 2018; worst losses in US

by AIP Online Bureau | Jan 8, 2019 | Disaster & Management, International News, Non-Life, Reinsurance

  Munich: Natural disasters including wildfires, hurricanes and tsunamis inflicted $160 billion of damage and claimed 10,400 lives in 2018, German reinsurer Munich Re said Tuesday.   Global natural disasters wreak $160 bn damage in 2018; worst losses in US...

Skills gap puts $1.97 trillion growth at risk in India: Report

by AIP Online Bureau | Jan 7, 2019 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: India may have to forgo as much as $1.97 trillion in gross domestic product (GDP) growth promised by investment in intelligent technologies over the next decade if the country fails to bridge the skills gap, a new report from Accenture said on...
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