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El Nino expected to return, likely to fuel spike in global temperatures

by AIP Online Bureau | Mar 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

La Nina refers to the large-scale cooling of the ocean surface temperatures in the central and eastern equatorial Pacific Ocean, coupled with changes in the tropical atmospheric circulation The El Nino event may develop after three consecutive years of an unusually...

Chennai, Kolkata, in India, at particular risk due to sea level rise

by AIP Online Bureau | Mar 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

‘In a worst-case scenario, the combined effect of climate change and internal climate variability could result in local sea levels rising by more than 50 per cent of what is due to climate change alone, thus posing significant risks of more severe flooding to...

Select Central government employees can opt for Old Pension Scheme

by AIP Online Bureau | Mar 4, 2023 | Indian News, Pension & Social Security, Policy

“It has now been decided that, in all cases where the central government civil employee has been appointed against a post or vacancy which was advertised/ notified for recruitment/appointment, prior to the date of notification for National Pension System i.e....

Reverting to OPS will privilege govt servants at cost of larger public: D Subbarao

by AIP Online Bureau | Mar 4, 2023 | Indian News, Pension & Social Security, Policy

”That will be a decidedly regressive move both for our commitment to fiscal responsibility, and more broadly for the credibility of our reforms,” former RBI governor D Subbarao New Delhi: The decision of some states to restart Old Pension Scheme will be...

Himachal Pradesh to implement Old Pension Scheme from April 1, to bear a burden of ₹ 1,000-crore during 2023-24

by AIP Online Bureau | Mar 4, 2023 | Indian News, Pension & Social Security, Policy

The employees under the New Pension Scheme (NPS), who have retired after May 15, 2003, will be given OPS from the prospective date. The decision would put a burden of ₹ 1,000-crore on the state exchequer during 2023-24 financial year, Shimla: The Himachal Pradesh...
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