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Repayment moratorium covers all loans, including credit card dues: RBI

by AIP Online Bureau | Mar 27, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Health, Indian News, Regulation

  Mumbai: The moratorium on loan repayment between March 31 and May 31, is applicable on all types of retail credit, including credit card outstanding balances, the Reserve Bank said on Friday.   To mitigate the burden of debt servicing brought about by...

IRDAI postpones its move to hike 3rd party motor premium from Apr 1

by AIP Online Bureau | Mar 27, 2020 | Indian News, Non-Life, Regulation, Reinsurance

  Hyderabad: The insurance regulator IRDAI has decided to put off  its proposed annual move to hike the premiums for the mandatory third party motor cover that would have been effective from Apr 1 . “Validity of premium rates for Motor Third Party...

U.S. has most coronavirus cases in world, next wave aimed at Louisiana

by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  NEW YORK: The number of U.S. coronavirus infections climbed above 82,000 on Thursday, surpassing the national tallies of China and Italy, as New York, New Orleans and other hot spots faced a surge in hospitalizations and looming shortages of supplies, staff and...

Lloyd’s gears up to tackle COVID-19 crisis,returns to profitability after 3 yrs 

by AIP Online Bureau | Mar 27, 2020 | International News, Non-Life, Reinsurance, Technology

  London: Returning to profitability after three years, with a net income of £2.5bn in 2019  Lloyd’s of London has today confirmed that the market is in a strong position to respond to the impacts of COVID-19 and support its customers and...

Coronavirus cases rising, but rate is relatively stable: Health ministry

by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: There has been no solid evidence of community transmission of COVID-19 in India as yet and the infection appears to be relatively stabilising considering the rate at which it is increasing, the health ministry said on Thursday. "While the...
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