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Here is a masonry blog layout with no sidebarReinsurers to stop covering key war risks related to Russia-Ukraine conflict
Hannover Re and Munich Re are among reinsurers who have warned that they will cease to underwrite any kind of risks — even indirect ones — related to the conflict in Ukraine from the start of next year, according to people familiar with the matter. The major German...
Satellite launched to map the world’s oceans, lakes, rivers
Nicknamed SWOT — short for Surface Water and Ocean Topography — the satellite is needed more than ever as climate change worsens droughts, flooding and coastal erosion, according to scientists Perhaps most importantly, the satellite will reveal the location and speed...
Global coal consumption set to hit new high this yr despite ambitious goals
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report published Friday. It also said consumption will likely remain at that level until 2025, as declines...
WHO releases updated guidelines on treatment of drug-resistant tuberculosis
''Building on the newly available data, we now have a better and shorter all-oral treatment option for drug-resistant TB. This is a historic change that will be of great benefit to people suffering from drug-resistant TB, easing the burden on health systems and saving...
India’s electric vehicles value chain revenue pool expected to reach USD 76-100 billion by 2030: Report
The report indicates that 35–40 per cent of all vehicles sold in India by 2030 will be EVs, up from 2 per cent in 2022. This equates to approximately 14 million to 16 million new EVs sold each year Mumbai: India's electric vehicles (EV) value chain revenue pool is...
Investors become poorer by Rs 5.78 lakh cr in two days of market fall
''Global markets extended their rout as the European Central Bank (ECB) and Bank of England (BoE) followed the Fed in raising policy rates by half a per cent while maintaining a hawkish tone on inflation. The aggressiveness of central banks in combating inflation has...
Meta takes down CyberRoot Risk Advisory’s 40 accounts, 900 Chinese a/cs
''We removed a network of more than 40 accounts on Facebook and Instagram operated by an Indian firm called CyberRoot Risk Advisory Private. Rather than directly sharing malware on our apps, this group's activity manifested primarily in social engineering and...
RGIC launches new health cover
Reliance General Insurance Company (RGICL), launched first of its kind premium health insurance product – Reliance Health Infinity Policy. The product comes loaded with high sum insured up to Rs5 crores, superior features like MoreGlobal Cover, Maternity Cover, OPD...
Climate Chnage: When water displaces natives from “sinking island” of Kerala
Kerala Finance Minister K N Balagopal, who made several interventions in the past to support the suffering islanders, said it was difficult to find solutions for the issues of Munroe Thuruth alone as it was part of the world-wide phenomenon of global warming and...
Over 1,500 private hospitals empanelled under Ayushman Bharat in last one year: Mandaviya
Union Health Minister Mansukh Mandaviya Today, 4.5 crore needy people have been empanelled under the scheme, the minister said He said seven-eight lakh beneficiary cards are printed daily and the ministry was working to ensure that 50 crore cards are made available in...
Budget-2023-24: Tax incentive to promote Home Insurance
Rakesh Jain, CEO, Reliance General Insurance In spite of pandemic, the health insurance penetration in our country is very low. Due to such a low coverage, the cost of insurance becomes high. In order to bring down its cost, GST rate should be reduced to 5% from 18%....
Budget-2023-24:Zero-rated GST for protection products
Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance The insurance industry wish-list for the annual Budget has been largely the same for the last four-five years with the aim of driving insurance penetration in the country. A few of our recommendations...
Tata AIA Life Insurance expands new fund Offering Suite
Tata AIA Life Insurance (Tata AIA) has announced range of new funds including Emerging Opportunity Fund, that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. The applications for ULIP plans with...
Vaccine against cervical cancer to be included in national immunisation programme by mid-2023: NTAGI chief
India is home to about 16 per cent of the world's women and accounts for about a quarter of all cervical cancer incidences and nearly a third of global cervical cancer deaths. Indian women face a 1.6 per cent lifetime cumulative risk of developing cervical cancer and...
Govt notifies IRDA’s new regulations on `Registration of Indian Insurance companies” facilitating larger PE investment
-Investment through Special Purpose Vehicle (SPV) has been made optional for Private Equity (PE) Funds enabling them to directly invest in insurance companies, providing more flexibility, Now, subsidiary companies are also allowed to be promotors of insurance...
China’s factories to the world brace for Tsunami of Covid cases
The resulting eruption in infections is set to be a key test for a vast network of factories that account for almost one-third of the world’s manufacturing output. Those plants are now taking extraordinary steps to ward off infections From locking in workers to...
Financialisation of savings to jump to 74pc of GDP by FY27: Crisil Report
Directed efforts at financial inclusion, digitalisation, a longer-term trend of rising middle-class disposable incomes, and government incentives on these instruments have better channelled these savings to the industry have also helped, the report said....
PSU insurers see shrinking workforce as pvt sector ramps up hirings
In 2021-22, the PSU general insurers have reduced their number of employees to 42,500 from 49,149 in 2020-21 while the private sector general insurers including five stand alone health insurers have grown their workforce aggressively to 1,09,000 in 2021-22 from 92,966...