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Here is a masonry blog layout with no sidebarIRDAI plans to allow general insurers to vend long-term motor package policies
It proposed to allow general insurers to issue long term Own Damage policy for a period that is co-terminus with the Third Party Liability cover when a standalone Own Damage policy is renewed Chennai: The Indian insurance regulator has sought the stakeholders' views...
Life-threatening infections on the rise due to drug-resistant bacteria, new WHO report reveals
The high levels of resistance to treatment are reported in bacteria frequently causing bloodstream infections in hospitals the Global Antimicrobial Resistance and Use Surveillance System (GLASS) report states, based on 2020 data from 87 countries UN: Over 50 per cent...
UK sets out post-Brexit ‘reforms’ for banks, financial sector
The reform plans aim to make substantial legislative progress over the course of 2023 on repealing and replacing EU-era Solvency II –- the rules governing insurers' balance sheets which are expected to unlock over GBP 100 billion of private investment for productive...
ICICI Prudential Pension Funds turns profitable; to expand in more cities, tie up with fintech firm
The Rs 8.2-lakh crore pension fund industry, excluding the Atal Pension Yojana funds, is still vastly controlled by government agencies. Over Rs 6 lakh crore of the total pension fund is managed by the EPFO and Rs 90,000 crore, up from Rs 47,000 crore in FY20, from...
Reluctance of ECGC to issue fresh insurance cover will have impact on exports and execution of projects: PHD Chamber
"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters,"said PHDCCI President, Saket Dalmia New Delhi: A number of project exporters...
Deadline to submit bids for IDBI Bank privatisation to be extended till early Jan
The government on October 7 had invited bids for the EoI of IDBI Bank for which the last date is December 16. Both the government and Life Insurance Corporation (LIC) hold 94.71 per cent shares in the lender The deadline to submit preliminary bids for IDBI Bank...
Automobile retail sales soar to record high in Nov: FADA
The overall automobile retail sales rose by 26 per cent to 23,80,465 units last month, as compared with 18,93,647 units in November 2021. Aided by brisk offtake, two-wheeler retails rose to 18,47,708 units last month, up 24 per cent, as against 14,94,797 units in...
Climate change & Disaster Risk: Investing in Nature-based Solutions
Nature-based solutions are defined by the UN Environnment Assembly resolution 5/5 as "actions to protect, conserve, restore, sustainably use and manage natural or modified terrestrial, freshwater, coastal and marine ecosystems which address social, economic and...
Swiss Re proposes new members to join its Board of Directors
Swiss Re's Chairman of the Board of Directors Sergio P. Ermotti said: "We are delighted to attract two outstanding professionals for election to our Board of Directors. Vanessa Lau and Pia Tischhauser bring strong expertise in financial services and proven strategic...
JPC members oppose proposal to reduce penalty amount in data protection bill
According to the bill, processing or transferring personal data in violation of the norms, is punishable with a fine of Rs 15 crore or 4 per cent of the annual turnover of the fiduciary, whichever is higher New Delhi: Several members of a parliamentary panel examining...
Govt makes 5 of IRDAI’s board decisions into regulations in less than a fortnight
Industry observers said with the speed government has notified some of the IRDAI's decisions shows its priority on the issue of penetration in the insurance sector. It is expected that the government may deal with the proposed amendments in the two Insurance Acts-...
Security arrangements in place to secure India’s nuclear power plant systems from cyber-attack
Several measures have been taken to strengthen Information Security in administrative networks in nuclear power plants like, hardening of internet and administrative intranet connectivity, restriction on removable media, blocking of websites & IPs. New Delhi;...
Munich Re and Swiss Re back Bajaj Allianz General to launch first-ever surety bond for NHAI projects on Dec 19
"The surety bonds will help in boosting the liquidity in the infrastructure sector by freeing the contractors working capital stuck in bank guarantees. Contractors can utilise these funds for growth of their business," said Nitin Gadkari, union minister, road...
Govt may seek a private sector chief to lead LIC – sources
"The government is planning to broaden the eligibility criteria for appointment of LIC CEO so that private sector candidates can apply," said one of the government officials, who declined to be identified as the discussions are private New Delhi: India aims to appoint...
Americans spend less after retirement age: Research
"This research provides new insights about spending during traditional retirement years and should help households, policymakers and financial advisors better determine adequate saving rates during the working life and affordable spending levels during retirement,"...
Deep depression intensifies into cyclonic storm Mandous, IMD alert for Tamil Nadu, Puducherry, AP
"Light to moderate rainfall at most places with heavy to very heavy rainfall at a few places and extremely heavy rainfalls at isolated places very likely over north coastal Tamil Nadu, Puducherry and adjoining south Coastal Andhra and isolated very heavy rainfall...
Kerala govt releases revised action plan on climate change
Building disaster resilient infrastructure and strengthening institutional mechanisms for better disaster responses and raising incomes to bolster capabilities of individuals and communities to adapt to local impacts of climate change are important,'' said Kerala...
India could soon experience heat waves that break human survivability limit: World Bank report
''Up to 75 percent of India's workforce, or 380 million people, depend on heat-exposed labor, at times working in potentially life-threatening temperatures. …By 2030, India may account for 34 million of the projected 80 million global job losses from heat stress...