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‘Cyclone Amphan Even More Destructive Than Cyclone Aila’: United Nations

by AIP Online Bureau | May 22, 2020 | Uncategorized

Cyclone Amphan, which has killed 77 people and left thousands homeless in West Bengal, is now considered even more destructive than Cyclone Aila which slammed southern Bangladesh and eastern India in 2009, the UN has said.   Cyclone Amphan, the strongest to hit...

RBI slashes repo rate by 40 bps,says GDP growth in negative territory in 2020-21

by AIP Online Bureau | May 22, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

   MUMBAI: The Reserve Bank of India on Friday,in line with the industry expectations, slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain the spread of the novel...

IRDA to revamp Trade Credit Insurance regulations,to make it more MSME friendly

by AIP Online Bureau | May 21, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

  Hyderabad: A panel constituted by the insurance regulator IRDAI under leadership of Atul Sahai,CMD, New India Assurance, to overhaul the existing guidelines on Trade Credit Insurance(TCI),has  proposed several changes in the existing guidelines...

Corporate revenues drop over 25% during lockdown; normalcy may take over 1 year to return: Survey

by AIP Online Bureau | May 21, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  Mumbai: Majority of high-ranking business managers confirm that corporate revenues have already declined by over 25 percent during the lockdown and businesses will take more than a year to return to normalcy, according to a survey.   The survey titled...

Not expecting significant growth for insurance industry this year due to coronavirus impact: Bajaj Life Insurance

by AIP Online Bureau | May 21, 2020 | Indian News, Life

  Mumbai: Bajaj Allianz Life is not expecting significant growth for insurance industry this year due to coronavirus impact on the economy, a top company official has said. However, the insurer said, customers will like to buy policies online.   "I...
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