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Here is a masonry blog layout with no sidebarChina unveils action plan to improve domestic standards across industries
The plan covered a wide range of domestic industries, as well as setting out tasks to help achieve broader goals such as China’s net-zero emissions plan and better prevention of major epidemics and terrorism attacks China on Friday published an action plan to improve...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
Delhi HC further adjourns “Singh Vs Government of India” case to Sep 8, NIA CMD appointment to get delayed
Indicating a possible scenario, industry observers say the government will now go ahead and appoint GMDs of PSU general insurers who can be selected by the FSIB and these GMDs( each company has provisions for two GMDs) can be given temporary charge of CMD of the...
8 new Insurance Ombusdmen selected
Atul Sahai, former CMD, New India Assurance has been selected for Lucknow along with Manoj K Parida, a retired IAS officer for Bhubaneswar, Bimbadhar Pradhan, ( retired IAS for Noida), C Vikash Rao (Life Insurance Corporation for Ahemedabad),Sumeet Jarath(Delhi),...
4.4 million are in “serious financial difficulties” and a further 20% are “struggling” to get by in UK
Of those in serious financial difficulty, 71% have reduced the quality of food they eat, 36% have sold or pawned possessions and 27% have canceled or not renewed insurance London: The number of UK households facing acute financial strain has risen by almost 60% since...
EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system
''A proposal for setting up a central pension disbursal system will be placed in the EPFO's apex decision-making body Central Board of Trustees (CBT) in a meeting scheduled on July 29 and 30,'' a source told PTI The source said that the CBT will also consider and...
76 dead in rain-related incidents in Maharashtra so far this monsoon: Report
Officials had said on Saturday that at least 130 villages in three districts of the state, all in the Marathwada and Vidarbha regions, have been affected by heavy rains that caused floods in parts of these districts and at least 200 people were evacuated. Mumbai:...
Sebi mulls making ‘market risk factor disclosures’ to help investors
The official further said most of the research material available in the market has been prepared by the market participants who have their own business interests in mind and therefore it could be a great idea if the regulator itself makes public its insights from...
Geologists allay fears over tremors, say Deccan Plateau is safe zone
Incidentally, the seismic activities became more visible soon after a major earthquake in Afghanistan, which killed several people and left many injured. But, the geologists in Karnataka were unanimous in saying there was no need to panic as the Deccan Plateau is a...
Asset management companies add 51 lakh new investor accounts in June quarter
According to the data, the number of folios with 43 fund houses rose to 13.46 crore in June 2022 from 12.95 crore in March 2022, registering a gain of 51 lakh during the three-month period. The industry crossed a milestone of 10 crore folios in May 2021 Mumbai: Asset...
PNB to select an actuarial firm for 23% stake sale in Canara HSBC Life Insurance to HSBC
At present, PNB has stakes in two insurance firms -- PNB MetLife India Insurance Company Limited (PNB MetLife) and Canara HSBC OBC Life Insurance Company Ltd (CHOICE) HSBC Insurance (Asia Pacific) Holdings Limited, that holds 26 percent in Canara HSBC Life Insurance,...
Data leak of a billion Chinese nationals questions Xi’s ‘so-called’ claims of data security
With the latest data breach, the country with a nearly 1.4 billion population risks the personal information of nearly 70 per cent population. While experts said that it is unclear how many people have accessed or downloaded the database during the 14 months or more...
IRDAI considers 12 new insurance players for licenses
Debasish Panda, chairman, IRDAI The entities who have applied for the new licenses are Paytm General Insurance, Anzen General Insurance ( R1 filed in July), Ria General Insurance( R1 applied), Kshema General Insurance(Agriculture Insurance, R2 under process),Cosmea...
70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey
An ageing population in India, along with a growing middle class and enhanced life expectancy, is expected to boost the demand for allied health care services in India, Antara said. New Delhi: Around 70 per cent of senior citizens did not have access to proper...
Global EV shipments up 79% YoY in Q1, Tesla leads: Report
"With EVs comprising just 12 per cent of the total passenger vehicle shipments during the first quarter of 2022, there is a lot of scope for expansion. Fresh players are entering the market to benefit from the opportunity," Senior Research Analyst Soumen Mandal, said...
Flooding affects 7.2mn people in Bangladesh: UN
According to the statement, the Bangladeshi government has evacuated over 472,000 people to some 1,605 shelters Dhaka: An estimated 7.2 million people have been severely affected in Bangladesh following devastating flash floods which began in May with a second wave...
ECB climate stress test flags $71 billion risk to euro zone banks
“Euro area banks must urgently step up efforts to measure and manage climate risk, closing the current data gaps and adopting good practices that are already present in the sector,” said the ECB’s chief supervisor, Andrea Enria A sudden jump in carbon prices coupled...
Australian flood: Insurers receive 8,415 claims for almost $100 million
There are 84 per cent property, 14 per cent motor and two per cent commercial claims Sydney: The Australian insurers have received 8,415 claims with an estimated insurance loss of $97.9 million, said the Insurance Council of Australia (ICA) which earlier this week...