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Here is a masonry blog layout with no sidebarWage Revision: FM withholds approvals on “performance linked wages” for PSU Gen insurers, GIPSA to meet unions tom
``The ministry of finance wants the unions to agree for the performance based wage revision in future before effecting the new revision of 12 per cent hike with five years of arrears for the workforce of the general insurance industry,'' said sources in the ministry...
We understand that our Wage Revision file has been returned by FM office without approval, seeking some clarifications. Further, We have received a communication from GIPSA that a meeting of check off qualified associations (one representative each) with DFS has been...
Digital skills increasing in demand in Asia and the Pacific: ADB and LinkedIn report
"The digital economy in Asia and the Pacific is growing at great speed, with e-commerce expected to reach $2 trillion by 2025. As digital transformation reshapes jobs in the region, there is an urgent need to invest in digital skills and talent," said ADB Sustainable...
Cardif Japan selects Munich Re’s tech solution to support its move to the cloud
``We will be able to realize a higher underwriting automation rate using the build-in analytics to adjust rule performance. It is also easier to maintain SaaS solution and the ability to quickly scale-up additional SPARK services for new business use cases” Tokyo:...
Howden RE appoints Doreen Tan as Director, ASEAN Treaty / Retrocession
Tan will be responsible for servicing clients and markets across Asia Pacific as part of Howden RE’s growing treaty reinsurance division dedicated to the region and her appointment represents Howden’s continued investment in expertise Singapore: Howden Reinsurance...
RBI plans to extensively use AI, ML to improve regulatory supervision
The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all India financial institutions The Reserve Bank is planning to extensively...
Asian Development Bank to provide $2.3-$2.5 bn for flood ravaged Pakistan
According to the federal government's estimate, the floods have caused a collective loss of more than USD 40 billion Islamabad: The Asian Development Bank on Wednesday announced that it will provide USD 2.3 to 2.5 billion for relief operations in the wake of...
Singapore faces challenge of finding foreign nurses for aging population
By 2030, one in four Singaporeans will be aged 65 and above, up from one in six today. Singapore is ramping up the nursing homes' bed capacity to 31,000 beds by 2030 from 16,200 now One key challenge for Singapore is to find enough foreign nurses to supplement local...
Australia unveils privacy rule changes after Optus data breach
The changes will enable telcos to share government-issued identification documents with banks to allow them to implement enhanced monitoring for customers impacted by data breaches Australia on Thursday proposed an overhaul of consumer privacy rules that will help...
AM Best Maintains Stable Outlook on Japan Non-Life Insurance Market
While AM Best expects premium revenue to increase, mainly driven by fire, personal accident and other specialty insurance, it is probable that underlying underwriting profit will contract from a higher loss ratio for voluntary automobile insurance. Potentially higher...
World Bank says goal of ending extreme poverty by 2030 won’t be met
The COVID-19 pandemic marked a historic turning point after decades of poverty reduction, the report said, with 71 million more people living in extreme poverty in 2020. That meant 719 million people - or about 9.3% of the world's population - were living on just...
Pilots union opposes granting Boeing 737 MAX 7, 10 cockpit alerting extension
Allied Pilots Association President Capt. Edward Sicher said "Boeing needs to proceed with installing modern crew alerting systems on these aircraft to mitigate pilot startle-effect and confusion during complex, compound system malfunctions." The union representing...
Dementia: WHO launches blueprint to tackle generational health challenge
Soumya Swaminathan,Chief Scientist, WHO Although dementia is the seventh leading cause of death globally, dementia research accounts for less than 1.5 per cent of total health research output", said WHO Chief Scientist Soumya Swaminathan "Sadly, we are falling behind...
Govt probes deaths in Gambia linked to India-made cough syrup -sources
WHO Director-General Tedros Adhanom Ghebreyesus on Wednesday told reporters the U.N. agency was investigating the deaths from acute kidney injuries with India's drug regulator and New Delhi-based cough syrup manufacturer Maiden Pharmaceuticals New Delhi: The...
Five things to do in your 20s and 30s to reduce your risk of preventable cancer
Cancer Research UK recommends you should only use e-cigarettes to help you quit smoking. The effects of smoking cannabis on cancer risk also aren't well known, though there is some evidence of a small link between cannabis use and an increased risk of testicular...
Sustainable Finance committee submits report to IFSCA
The committee has provided its recommendation on various aspects of sustainable finance including products, policies and regulations, capacity building and outreach initiatives related to green and sustainable finance, IFSCA said in a statement The report of the...
Hospitals and infrastructure are most vulnerable to Cyber risks: Moody’s
“We view not-for-profit hospitals as being highly attractive, data-rich targets with average mitigation measures in place to reduce the impact of a potential cyber event,” the report said Around $22 trillion of global debt rated by Moody’s has a “high” or “very high”...
With Interpol and FBI alerts CBI crackdowns on cyber criminals
According to initial information, four locations in Andaman and Nicobar islands, five in Delhi, three in Chandigarh, and two each in Punjab, Karanataka and Assam among others are being searched under the operation, CBI said The action came after inputs from Interpol,...