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Budget- 2023-24:FM may announce sops for middle class
Nirmala Sitharaman, Union Finance Minister The insurance industry has been pitching for a separate tax deduction provision for life insurance, tax waiver for annuity income, and higher deductions for health insurance premiums. New Delhi: The finance ministry is...
Booster dose of Covishield offers best immune response: Lancet study
According to the study, even though homologous and heterologous boosting with Covishield or Covaxin in Covishield or Covaxin primed individuals are immunogenic and safe, boosting with Covishield produced better binding and functional antibodies, irrespective of...
PhonePe envisions opportunity ahead across UPI, lending, insurance, ONDC
"I think for the mission PhonePe is on, which is solving for at-scale financial inclusion and digitization, the move to India was right. India is where we started and where we are focused on, and I think we will be here for the next couple of decades," said Nigam....
Twitter sued in Germany to force the platform to remove antisemitic content
HateAid and the European Union of Jewish Students filed the suit against Twitter to require the platform to clarify basic obligations when moderating criminal content, according to a statement on Wednesday. By filing this lawsuit, HateAid and EUJS said they’re seeking...
Qantas’ safety reputation under spotlight after spate of technical issues
The recent problems have put Australia’s largest airline under scrutiny again, months after it appeared to have resolved an embarrassing run of cancellations, delays and baggage losses. Joyce, who has forged a reputation for shredding expenses to deliver bumper...
Climate Is forcing the most risk-aware industry to reinvent Itself
Christian Mumenthaler,, group chief executive officer, Swiss Re The difficulties are forcing the insurance industry to get creative. There are three levers it can use to reduce climate risks: reduce its own emissions, force the companies it invests in to reduce their...
UK is failing to address menopausal discrimination in the workforce
The report, published in July last year, was carried out to think of solutions to help women who have struggled to manage menopausal symptoms at work. One in 10 women who worked during the menopause left a job due to their symptoms, which range from brain fog and loss...
Global insured losses from natural disasters exceed $130 Billion in 2022, second-costliest event on record: Aon
Data show that 2022 was the fifth costliest year on record for insurers, with approximately $50-55 billion of the global insured loss total resulting from Hurricane Ian in the United States - the second-costliest natural catastrophe in history from an insurance...
China says peak COVID infections exceeded 7 million daily, deaths more than 4,000 daily
However,there is great skepticism about the COVID data released by China and the World Health Organization (WHO) recently accused it of underplaying the seriousness of the pandemic by concealing the true nature of the situation in the country, the Hong Kong Post...
Research suggests woman’s risk of pregnancy loss linked to certain job hazards
Manufacturing jobs and health/social work were associated with higher risks of early abortive outcomes compared with financial and insurance jobs. In an analysis of 2010-2019 information on more than 1.8 million employed and non-employed pregnant women in South Korea,...
Altered speech may be the first sign of Parkinson’s disease: Research
According to Maskeliunas, a researcher at KTU's Department of Multimedia Engineering, as motor activity decreases, so does the function of the vocal cords, diaphragm, and lungs: "Changes in speech often occur even earlier than motor function disorders, which is why...
US sues Google to break up ad unit in heated antitrust fight
“The lawsuit we have filed today seeks to hold Google to account for what we allege are its longstanding monopolies in digital advertising technologies that content creators use to sell ads and advertisers use to buy ads on the open Internet,” said the Justice...
India’s Retail Health Insurance profitable, to touch $25 billion in next 5 years: Avendus Capital Study
Anshul Agarwal, managing director and Co-head, Consumer, Financial Institutions Group (FIG) & Business Services, Avendus Capital said, “Unique characteristics of Retail Health Insurance such as high persistency of 90%, pricing power, relatively low loss ratio and...
Leading reinsurers and Aon join hands to implement Open Exposure Data, to reduce costs and increase transparency
The Open Exposure Data Standard will also lower barriers of entry for model developers – including commercial vendors, third-party data providers and academia and other research institutions. Initial testing on reinsurance placement data for Japan, Australia and China...
UIDAI deliberates on five focus areas including ‘Ease of Living’
The five core areas are – resident centricity, expanding the usage of Aadhaar, security and privacy, continuous technology upgradation, and collaborate with global economies and support them in their aspiration to achieve SDG 16.9 (provide legal identity for all) New...
Bermuda (Re)insurers see improved pricing, performance in 2023
Market pricing surged at the January 2023 reinsurance renewal, shifting to a true hard market in property and some specialty lines with supply constrained and demand growing. Importantly, terms and conditions saw structural changes that benefited (re)insurers....
Budget wishlist: Infra development, social security for gig workers
India aims to be a $30 trillion inclusive and sustainable economy by India@100, which will help create resources for the government to fund development programmes and social security. New Delhi: In recent years, structural reforms initiated by the Government have laid...
Paris-New Delhi flight incidents: DGCA slaps Rs 10 lakh fine on Air India
'Enforcement action in the form of a financial penalty of Rs 10,00,000 has been imposed on Air India for not reporting the incident to DGCA and delaying in referring the matter to its Internal Committee, which is a violation of applicable DGCA Civil Aviation...