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FY20 to see 1.6 mn fewer jobs being created as Indian economy slows: SBI report
As a result of unequal growth, people from agriculturally and industrially less-developed states migrate to more developed states in search of job opportunities – for example from Uttar Pradesh, Bihar, the southern part of Madhya Pradesh, Odisha, and Rajasthan to states like Punjab, Gujarat, and Maharashtra.
Rumbling volcano shuts down Philippine capital
Swiss Re launches first parametric earthquake Cat bond to hedge mortgage risks
This transaction is the first catastrophe bond issued under Rule 144A with a parametric trigger that is designed to cover mortgage default risk caused by earthquakes in California, Oregon, Washington and South Carolina. Swiss Re Capital Markets acted as the sole structuring agent and joint-bookrunner.
US, Europe to test Boeing 737 Max from Jan 15; India to take a call later
FPIs pull out ₹2,415 crore from domestic markets in January so far
Overseas investors have turned net sellers in January after remaining buyers for four consecutive months since September 2019.
“Cautiousness among foreign investors was apparent as they closely watched the developments on the global front before investing in the Indian equity markets. Geopolitical turmoil triggered by increased tension between US and Iran played a key role in the way equity markets behaved globally,” said Himanshu Srivastava, senior analyst manager research at Morningstar Investment Adviser India.
DPIIT to discuss data issues in draft e-comm policy with firms on Jan 14
Iran apologises for plane crash, blames human error and ‘US adventurism
Hell and ice water: Glacier melt threatens Pakistan’s future
Internal Boeing Messages Say 737 Max ‘Designed by Clowns’
Earth is hotter than at any time since start of Industrial Revolution: Report
The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago. That’s the conclusion of Europe’s Copernicus Climate Change Service, which published data on Wednesday showing...
Scandal-hit Indonesian insurer, with $2B financial hole, could get government bailout
Cat bond issuance breaches historic $100bn milestone: Aon Securities data
Over the past decade, ILS has provided a robust non-correlating asset class for investors, producing an average annual return of 6.38 percent, and 7.48 percent for 2019. Sector investor numbers have grown significantly, with orderbooks in 2019 inclusive of 23 percent more investors, on average, than orderbooks in 2015, allowing average allocations to decrease from USD13m to USD9m, putting less pressure on any given market.
Auto sector records worst-ever sales decline in two decades in 2019: SIAM
Banks should sell life insurance products more aggressively:LIC chief
Insurers have to pay interest if health claims are delayed beyond 30 days:IRDAI
The insurer cannot not repudiate the policy on the ground of fraud, if the insured person / beneficiary can prove that the misstatement was true to the best of his knowledge and there was no deliberate intention to suppress the fact or that such mis-statement of or suppression of material fact are within the knowledge of the insurer. Onus of disproving is upon the policyholder, if alive, or beneficiaries
General insurance industry grows by 15 % to Rs 1,42 trn in Apr-Dec period
Iran investigation says Ukrainian jet was on fire before crash
Five security sources – three Americans, one European and the Canadian – who asked not to be named, told Reuters the initial assessment of Western intelligence agencies was that the plane had suffered a technical malfunction and had not been brought down by a missile.In Kiev, Ukraine’s President Volodymyr Zelenskiy said the government was considering several possible causes of the plane crash.