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IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal

IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal

by AIP Online Bureau | Feb 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance

The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...
Stop crop residue burning forthwith, can’t let people die due to pollution: SC

Stop crop residue burning forthwith, can’t let people die due to pollution: SC

by AIP Online Bureau | Nov 7, 2023 | Eco/Invest/Demography, Health, Indian News, Policy

While hearing a matter pertaining to the debilitating air pollution in the Delhi-National Capital Region (NCR), the bench flagged issues like crop residue burning, vehicular pollution and burning of waste in the open were the major contributors to pollution during...
Digital crop survey in 19 UP districts

Digital crop survey in 19 UP districts

by AIP Online Bureau | Jun 20, 2023 | Indian News, Non-Life, Reinsurance, Technology

The development comes less than a month after the Centre signed an agreement with six states, including Uttar Pradesh, Assam, Madhya Pradesh, Odisha and Rajasthan, to begin the digital crop survey Additional Chief Secretary (agriculture) Devesh Chaturvedi said that...
High heatwaves in India and Pakistan caused a decline in crop yields in 2022: WMO

High heatwaves in India and Pakistan caused a decline in crop yields in 2022: WMO

by AIP Online Bureau | Apr 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

”Heatwaves in the 2022 pre-monsoon season in India and Pakistan caused a decline in crop yields. This, combined with the banning of wheat exports and restrictions on rice exports in India after the start of the conflict in Ukraine, has threatened the...

India’s crop-nourishing monsoon rains to pick up steam by mid-June

by AIP Online Bureau | Jun 9, 2022 | Eco/Invest/Demography, Indian News

The monsoon – which accounts for nearly 70% of India’s annual rainfall and is the lifeblood of its $2.7 trillion agriculture-dependent economy – arrived on the coast of southern Kerala state on May 29, two days ahead of the usual time But since June...
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