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New Covid-19 mutations threaten to stall fragile economic recovery:RBI governor

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  Mumbai: Even as a multi-speed recovery is struggling to gain traction, infusing hope,reinforced by positive news on vaccine development, a second wave of infections and new mutations of the virus have spread heightened uncertainty, threatening to...

Indian banks pay Rs 13,234 crore premium to cover their deposits, receive Rs 80.7 crore claims in 2019-20

by AIP Online Bureau | Jan 11, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

. Mumbai: The Reserve Bank of India(RBI) in its latest Financial Stability Report(FSR), released on Monday, has revealed that with the limit of deposit insurance in India raised to Rs 5 lakh, insured deposits stood at Rs 68,71,500 crore in March 2020...

Climate-risks may lead to abrupt increases in risk premia across Indian assets:RBI

by AIP Online Bureau | Jan 11, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management

  Mumbai: On climate-related risk  in the Indian economy,.the Financial Stabilty Report(FSB), released by the Reserve Bank of India (RBI)  on Monday, has noted that the value of financial assets/liabilities could be affected either by continuation...

Domestic air traffic down 45 pc to 71 lakh in Dec: ICRA

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

Mumbai: India's domestic traffic declined around 45 per cent to about 71 lakh passengers in December last year over December 2019 even as passenger traffic was up 12 per cent sequentially over November 2020, ratings agency Icra said in a release. The capacity...

India wants Serum Institute to lower price of AstraZeneca shot,places order for vaccine

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  MUMBAI/BENGALURU: India has signed a purchase order with vaccine producer Serum Institute to procure AstraZeneca’s COVID-19 vaccine, a source said on Monday, the first step in one of the world’s largest vaccination programmes against the novel...
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