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Britain’s Cairn files case in U.S. to push India to pay $1.2 billion award

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Indian News, Risk Management

  NEW DELHI: Cairn Energy has filed a case in a U.S. district court to enforce a $1.2 billion arbitration award it won in a tax dispute against India, a court document showed, ratcheting up pressure on the government to pay its dues. In December, an arbitration...

4 detected with SA variant of SARS-CoV-2 in India, one with Brazil strain

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management

New Delhi: Four people were detected with the South Africa variant of SARS-CoV-2 in India in January, while one tested positive for the Brazil variant strain in the first week of February, the Centre said on Tuesday. In India, the South Africa strain has been detected...

Africa Specialty Risks Group partners with GIC Re & Peak Re to launch new capacity for African region

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  London: Today, Africa Specialty Risks (ASR), the newly launched Pan-African focused reinsurance group, has secured additional multi-year binder capacity of up to $25 million per risk through a partnership with India's GIC Re  and annual capacity from...

COVID-19: New cases fall below 10,000 for fourth time in February

by AIP Online Bureau | Feb 16, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The daily new infections fell below 10,000 for the fourth time this month taking India's tally of COVID-19 cases to 1,09,25,710, while fresh fatalities remained below 100 for the tenth time this month, according to Union health ministry data...

NTPC to pay Rs 20 lakh as compensation to kin of workers killed at its Tapovan project

by AIP Online Bureau | Feb 16, 2021 | Uncategorized

Joshimath: Sate-run power giant NTPC on Monday said it would pay a compensation of Rs 20 lakh each to the families of labourers who died in the recent flash flood at its Tapovan-Vishnugad hydel project in Uttarakhand. Details of the procedure for payment of the amount...
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