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LIC to consider doing health insurance biz after composite license is allowed: Chairman
(from L to R) G. Srinivasan, director, National Insurance Academy, Devesh Srivastava, CMD, GIC Re,MR Kumar,chairman, LIC, Parmod Kumar Arora, member (Actuary) IRDAI at the 24th Annual C D Deshmukh Memorial Seminar organised by NIA, Pune “We are watching the situation...
Govt’s goal is to cut down on accidents by 50% by 2024 end: Gadkari
Union Minister Nitin Gadkari India has only 1% of the total overall vehicles, the country accounts for 11% of the total global deaths due to road accidents. Greater Noida: India can become the number one automotive manufacturing hub in the world within five years, but...
Royal Mail export services severely disrupted after ‘cyber incident’
The “cyber incident” is the latest in a growing list of high-profile cybersecurity events in Britain. London: Britain’s Royal Mail said on Wednesday it was facing severe disruption to its international export services following what it described as “a cyber incident.”...
Citing MHA circular, HC quashes finance ministry notification, orders OPS for all personnel of CAPFs
Delhi High Court has ordered implementation of the Old Pension Scheme for all personnel of the CAPF and directed the Centre to issue necessary instructions within eight weeks It quashed a 2003 notification of the Union Ministry of Finance and a 2020 Office Memorandum...
TMK launches first life science insurance product, intellectual property and cyber coverage under one policy
Aoife Woulfe, head of intellectual property at TMK, added: “This is the first time an ‘all-singing, all-dancing’ intellectual property product has been released as part of a life science package to the Lloyd’s market, offering broad coverage for a full range of IP...
Cabinet clears Rs 2,600 cr scheme to promote RuPay debit card, low-value BHIM-UPI transactions
The scheme would help in building a robust digital payment ecosystem. It would also promote UPI Lite and UPI123PAY as economical and user-friendly digital payments In December alone, UPI achieved a record of 782.9 crore digital payment transactions with a value of Rs...
CSIR lab proposes disaster resilient model town for people displaced from Joshimath
The Roorkee-based institute of the Council of Scientific and Industrial Research (CSIR), has also suggested a three-pronged action plan for Joshimath that envisages demolition of tilted buildings, safety assessment of existing 4,000 buildings and providing...
WTW combines Asia and Australasia into one Asia Pacific, appoints Simon Weaver to head new region
Based in Australia, Simon is responsible for driving business growth throughout the newly integrated region, enabling closer collaboration across the businesses to deliver superior advice, broking and solutions in the areas of people, risk and capital to organisations...
Odisha asks officials to tighten vigil for preventing fraud in healthcare scheme
On reports that some people were allegedly collecting money for the renewal of BSKY cards, Pandit said beneficiaries should immediately call the toll-free numbers or contact the district coordinators.BSKY cards are renewed automatically every year, and no money is...
Cost-of-living crisis biggest Global Risk: Davos Study
"The short-term risk landscape is dominated by energy, food, debt and disasters," said Saadia Zahidi, a managing director at WEF The cost-of-living crisis is the biggest global risk over the next two years, the World Economic Forum warned Wednesday in a survey...
No level of alcohol consumption is safe for our health: WHO
“We cannot talk about a so-called safe level of alcohol use. It doesn’t matter how much you drink – the risk to the drinker’s health starts from the first drop of any alcoholic beverage. The only thing that we can say for sure is that the more you drink, the more...
Electric cars are getting too big and bulky, US safety regulator warns
I’m concerned about the increased risk of severe injury and death for all road users from heavier curb weights and increasing size, power, and performance of vehicles on our roads, including electric vehicles,” Homendy said in remarks delivered Wednesday in...
WHO alert On 2 Indian syrups after Uzbekistan child deaths
On December 22, Uzbekistan alleged that 18 children had died after consuming medicines manufactured by Marion Biotech company. On Tuesday, Uttar Pradesh Food Safety and Drug Administration department suspended the production licence of Marion Biotech company linked to...
Want to develop better space situational awareness, traffic management: ISRO
“Objects continue to fall on earth because there is a gravitational pull. That’s one aspect of the space debris that is coming back and impacting earth and other places but we are looking at much more than that – what will happen to space when we send more satellites...
Catastrophe bond yields soar as disasters abound and rates rise
The increasing threat of losses from disasters make issuing new cat bonds all the more important for the insurance industry, but it might be difficult to find enough investors.Margins on new issuances of catastrophe bonds covering US wind events are now at the highest...
Environmental, social credit risks to rise in 2023, Moody’s says
“The rapid crystallization of climate change-related risks have highlighted the need for rapid decarbonisation and scaling up of adaptation finance, bringing longer-term environmental risks into sharper relief,” Rebecca Karnovitz, vice president – senior credit...
Environment risks dominate in “polycrisis” world – WEF survey
The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail,” said John Scott, head of Sustainability Risk at Zurich Insurance Group, which partnered on the report with risk strategy group...
DGCA says operations normal at all Indian airports, no cause for concern amid air traffic disruptions in US
An official at Air India, which operates direct flights to five American cities, said there could be some delays for its flights from the US due to possible runway congestion. Hundreds of flights across the US were grounded early morning on Wednesday following a...