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Rs 26,697 cr lying in dormant accounts of banks: Sitharaman

by AIP Online Bureau | Nov 30, 2021 | Banking & Bancassurance, Data

As per information received from the Reserve Bank of India (RBI), as on December 31, 2020, the total number of such accounts in Scheduled Commercial Banks (SCBs) was 8,13,34,849 and the amount of deposits in such accounts was Rs 24,356 crore, Sitharaman said in a...

New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha

by AIP Online Bureau | Nov 30, 2021 | Eco/Invest/Demography, Indian News, Risk Management

On asked if the government proposes to ban misleading advertisements in media, she said the guidelines of Advertising Standards Council of India are being studied and their regulations are also being looked into ”so that we can take, if necessary, some kind of...

Omicron: Govt extends containment measures till Dec 31 amid global concerns

by AIP Online Bureau | Nov 30, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy, Workplace/Employee Benefits

While underlining that the new variant doesn’t escape RT-PCR and RAT tests, Bhushan asked states and UTs to ensure adequate infrastructure and supervised home isolation, according to a health ministry. Bhalla also said that the contacts of the international...

WTW unveils new partnership to develop digital solution for to global insurance market

by AIP Online Bureau | Nov 30, 2021 | Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology

Combining Willis Towers Watson’s Radar Live with CodeEast’s ONEview digital insurance platform provides a solution that maximises profit margins through real-time risk assessment and reduces operational costs by deploying state-of-the-art insurance product...

Millennials- Singapore’s new ‘Sandwich Generation’

by AIP Online Bureau | Nov 30, 2021 | Eco/Invest/Demography, Facts, Life, Non-Life, Workplace/Employee Benefits

Among the foremost sources of financial concern listed by respondents were providing for their ageing parents financially (48%) and funding their own retirement (60%). Both worries could be linked to the rising costs of living and life expectancy here. In just a...
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