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Finding a decent job may be difficult this year: ILO

by | Jan 23, 2018 |

The situation is particularly acute in developing countries, where three out of four workers lack stable jobs. Those countries are also most affected by widespread working poverty: more than 300 million million workers in emerging and developing countries subsist on household income of less than $1.90 per day in purchasing-power-parity terms. 

Cyber incidents & Business interruption dominate risk landscape for India Inc in 2018: Allianz

by | Jan 22, 2018 | ,

-Evolving nature of risk, and rise in cyber-related incidents, means business interruption ranks as top threat for companies globally, according to 1,900+ risk experts from 80 countries

-India included for the first time in global survey, saw cyber incidents top the list with potential “cyber hurricane” events and tougher data protection rules shaping cyber risk environment for year-ahead. Crisis response crucial for mitigation

-Rising FDI and new entrants into India has put Market Developments in third place as businesses grapple with intensified competition and rising M&A activities

-Other risks include Legislation and Regulation in light of India’s push towards liberalisation as well as Natural Catastrophes, which are both tied at fourth place

As PM2.5 emission norms kick in, threat from finer particles will emerge: Experts

by | Jan 17, 2018 | ,

PM2.5, though, is deemed to be dangerous to human health. In September 2017, a study released by the Energy Policy Institute at The University of Chicago stated that long-term exposure to PM2.5 had direct effect on life-expectancy, with average life of an Indian dropping by four years. The study said that people in Delhi could live nine years longer if particle pollutant meet the standards. 

ICICI Lombard Q3 PAT rises 5 pc to Rs 232 cr

by | Jan 16, 2018 |

Company had an underwriting losses of Rs 28 crore in Q3 FY 2018 as against an underwriting losses of Rs 119 crore in the corresponding period of  the previous fiscal. The combined ratio (CR) of the company had fallen to 96 per cent in Q3FY 2018 from 106.6 per cent in the year-ago period.

General Insurance Industry grows by 20 pc to Rs 108,784 crore in Q3

by | Jan 15, 2018 |

“The growth is quite robust at 18%. Though it is less than the last year’s growth at 30 per cent, but then, last year the growth had been driven by Prime Minister Fasal Bima Yojana (PMFBY). Keeping in view the fact that the country’s GDP was not so high, this growth for the industry is really good,’’ said Sanath Kumar, CMD, National Insurance Company, which is preparing itself to be listed  in the Indian bourses soon. 

India tops domestic air traffic demand at 16.4 pc in November: IATA

by | Jan 13, 2018 |

“The airline industry is in a good place entering 2018. November’s strong demand gives the industry momentum. The number of unique city-pair connections now tops 20,000. Passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper,” IATA’s Director General and CEO, Alexandre de Juniac said.