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IRDAI rejects insurance brokers’ demand for life time licenses

IRDAI rejects insurance brokers’ demand for life time licenses

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life, Regulation, Reinsurance, Risk Management

Subhash Chandra Khuntia, chairman,IRDAI  “One of the demands of the brokers was to have their licenses in  perpetuity. We can’t accept it.he current system, where each broker has to renew his license in every three years, is perfectly fine. Even,in some...

Global Covid cases top 102 million, death toll at 2,204,494: Johns Hopkins

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

   Washington  The total number of global coronavirus cases has topped 102 million, while the deaths have surged to more than 2.20 million, according to the Johns Hopkins University. In its latest update on Saturday morning, the University's Center...

India proposes law to ban cryptocurrencies, create official digital currency

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Health, Indian News

  MUMBAI: India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government. The law will...

NPS assets under management grow 33 % to Rs 4.94 lakh crore till Sep 2020:Eco Survey

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: The Assets Under Management (AUM) of National Pension System (NPS) stands at  Rs 4.94 lakh crore as on September 30, 2020, as compared to  Rs 3.71 lakh crore at the end of September, 2019, thereby recording an overall growth (YoY)...

India needs to focus on growth to alleviate poverty: Eco Survey

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Policy

New Delhi: Economic growth has a far greater impact on poverty alleviation than inequality and India needs to focus on growth to lift poor out of poverty, the Economic Survey for 2020-21 said on Friday. The Survey said that unlike in advanced economies, in India,...
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