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World faces shortage of merchant sailors to crew ships -study

by AIP Online Bureau | Jul 28, 2021 | Eco/Invest/Demography, International News, Non-Life, Pandemic

  LONDON: There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday. The shipping industry is already struggling with crewing...

Domestic operators lead in growing Indian e-commerce market: Fitch

by AIP Online Bureau | Jul 28, 2021 | Eco/Invest/Demography, Indian News, Technology

  New Delhi: Rising internet usage, increasing middle class with greater consumer spending power and the youth demographic representing a greater share of the country's population are driving the Indian e-commerce market's ongoing development, Fitch...

Depositors to get up to Rs 5 lakh within 90 days of banks being put under moratorium: Centre

by AIP Online Bureau | Jul 28, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  New Delhi: Union Cabinet on Wednesday cleared amendments in Deposit Insurance and Credit Guarantee Corporation Act, 1961, (DICGC Act),facilitating any bank depositors to get Rs 5 lakh on their deposits within 90 days of the moratorium..  It means that...

Cost of data breach hits record high during pandemic: IBM

by AIP Online Bureau | Jul 28, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Technology

New Delhi: Security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic with the cost of data breaches to Indian organisations rising close to 18 percent to Rs 16.5 crore on an average between May 2020 and March...

Guidelines for ex-gratia payment to kin of Covid victims under consultation: Govt

by AIP Online Bureau | Jul 28, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: Preparation of guidelines for providing ex-gratia assistance to the family members of COVID-19 victims is "under consultation" with all the stakeholders, the government informed Parliament on Wednesday. "The Hon'ble Supreme Court...
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