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Sanctions are finally starting to bite Moscow’s oil supply chain

by AIP Online Bureau | Mar 25, 2024 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management

Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. The Russian oil-export machine funding the Kremlin’s war in Ukraine...

Apple, Google, Meta targeted in EU’s first Digital Markets Act probes

by AIP Online Bureau | Mar 25, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier for people to move between competing online services like social media platforms, internet browsers and app stores. That should in turn open up space for...

China vows to treat foreign firms equally amid industrial upgrade push

by AIP Online Bureau | Mar 25, 2024 | Eco/Invest/Demography, International News, Policy, Regulation

China will continue to open up high-level areas of industry and finance and create more market opportunities, and will firmly safeguard a multilateral trading system with the WTO at its core, Vice Commerce Minister Guo Tingting said . Beijing: China pledged on Monday...
After pricing, IRDAI now allows general insurers freedom of wordings in corporate policies from Apr 1

After pricing, IRDAI now allows general insurers freedom of wordings in corporate policies from Apr 1

by AIP Online Bureau | Mar 25, 2024 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management

Now, the insurers can change terms, conditions, clauses, warranties, policy and endorsement wordings applicable to certain classes of business such as Fire, Engineering, Motor, Workmen’s Compensation and other classes of insurances which were not allowed earlier....
EPFO adds 16.02 lakh members in January; 8.08 lakh enroll for 1st time

EPFO adds 16.02 lakh members in January; 8.08 lakh enroll for 1st time

by AIP Online Bureau | Mar 25, 2024 | Data, Eco/Invest/Demography, Pension & Social Security

A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 56.41 per cent of the total new members added in January 2024 indicating the majority of individuals joining the organized workforce are youth, primarily first-time job...
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