by AIP Online Bureau | Feb 2, 2020 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
The Bank of England faces an uphill climb to get the finance industry ready for one of its biggest threats: the climate. About 80% of senior finance executives believe their firms “lack well-developed strategies to manage the risks of climate...
by AIP Online Bureau | Feb 2, 2020 | Eco/Invest/Demography, Indian News, Life, Policy
New Delhi: Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday. Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on...
by AIP Online Bureau | Feb 1, 2020 | Eco/Invest/Demography, Indian News, Policy
Mumbai: Insurers, tax experts and analysts on Saturday said the optionality clause in the new income tax budget proposal is a big disincentive for investment in tax-saving instruments, which will dampen the markets and have ripple effects across all asset classes,...
by AIP Online Bureau | Feb 1, 2020 | Indian News, Life, Policy
New Delhi: Insurance behemoth LIC is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore as market participants expect it to be the "IPO of the decade", akin to the Saudi Aramco...
by AIP Online Bureau | Feb 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life
Chennai: The Budget 2020 has allocated Rs 6,950 crore towards recapitalisation of three public sector general insurers so that they can meet the solvency norms. According to the budget papers, a sum of Rs 6,950 crore has been allocated towards...
