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PMSYM scheme: Government eyes over 1 crore enrolments by April-end

by AIP Online Bureau | Mar 24, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: The government is expecting to cross 1 crore enrolments by April-end under the Pradhan Mantri Shram-Yogi Maandhan (PMSYM) Yojna — a pension scheme for unorganised sector workers, a senior official has said.   The PMSYM scheme provides for...

Air India’s renewal prm doubles, pays $ 28 mn to cover its 180 aircraft in 2018-19

by AIP Online Bureau | Mar 22, 2019 | Indian News, Non-Life, Reinsurance

  MUMBAI: A host of adverse factors including the recent crash of one of the Ethiopean Airlines aircraft, have put an end to the days of  discounts for the national carrier Air India(AI), whose insurance renewal cost, at around $28 million, has doubled in...

China chemical plant explosion death toll climbs to 44; 32 others critical

by AIP Online Bureau | Mar 22, 2019 | Disaster & Management, International News, Non-Life, Risk Management

  Beijing: The toll in the explosion at an industrial park in eastern China climbed steeply to 44 on Friday morning as a number of people succumbed to their injuries.   The explosion occurred on Thursday following a fire in a fertilizer factory in a chemical...

Facebook admits to storing passwords in plain text on internal servers

by AIP Online Bureau | Mar 21, 2019 | International News, Risk Management, Technology

    Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal servers, a security slip that left them readable by the social networking giant's employees. .   "To be clear, these passwords were never...

Munich Re aims to boost Ergo insurance business via acquisitions

by AIP Online Bureau | Mar 21, 2019 | International News, Non-Life

  MUNICH: Munich Re has no plans to sell Ergo, its primary insurance arm, and aims to strengthen this business through acquisitions once its turnaround has been completed in two years, Chief Executive Joachim Wenning said on Wednesday.   Ergo has been...
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