by AIP Online Bureau | Feb 5, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Mumbai: As a matter of financial consumer protection, the Reserve Bank of India, on Friday has announced ‘One Nation One Ombudsman’ approach for grievance redressal by merging three Ombudsman schemes- Banking Ombudsman Scheme,...
by AIP Online Bureau | Feb 5, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy
MUMBAI: The Reserve Bank of India kept rates steady at record low levels as expected on Friday and said it would maintain support for the economy’s recovery from the pandemic by ensuring ample liquidity for markets to absorb a massive government borrowing...
by AIP Online Bureau | Feb 5, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic
NEW DELHI: Pfizer Inc has withdrawn an application for emergency-use authorization of its COVID-19 vaccine in India that it has developed with Germany’s BioNTech, the company told Reuters on Friday. The U.S. company, which was the first drugmaker to apply for...
by AIP Online Bureau | Feb 4, 2021 | Eco/Invest/Demography, Health, International News, Risk Management
Consulting firm McKinsey & Co has agreed to pay at least $573 million to resolve claims by 40-plus US states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a person familiar with the matter. The...
by AIP Online Bureau | Feb 4, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Chicago: There was a total of $ 11 billion of property cat bond limit placed, the highest on record in 2020 in comprasion with $ 5.4 billion placed in 2019. This represents a 104% increase year on year, exceeding annual maturities of $9 billion, according to a...
