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B C Patnaik takes charge as MD of LIC, new top team to oversee its IPO
The government in a major change, recently, had extended the retirement age of chairman of LIC to 62 and had given the current chairman MR Kumar, who was supposed to retire in June 2021, nine months of extension till March 2022.
Mohanty,59, is likely to succeed Kumar as the chairman of the corporation.
Flood-prone Mumbai digs in to tackle warming-worsened ‘monsoon mayhem’
Mumbai is part of the C40 Cities network, a group of nearly 100 major cities globally working to drive faster action on climate change. Each has committed to delivering a climate action plan designed to spur uptake of clean energy, boost adaptation to climate shifts and turn the 2015 Paris Agreement on climate change into an on-the-ground reality.
Mumbai launched its first Climate Action Plan (known as MCAP) this month. Amid dire predictions that large parts of the city could face inundation by 2050, it brings together different arms of the administration to try to fast-track solutions.
SC notice to Centre on PIL against Aadhar as mandatory ID proof for vaccination
The plea urged that authorities should not insist on the production of the Aadhar card as the only proof of identification for the purpose of administering COVID-19 vaccination.
The plea said that contrary to the practical actions of MoHFW, recently another Standard operating procedure (SOP) guideline has been issued by it wherein it directs the provision of vaccination for even those persons who do not possess any of the seven prescribed photo ID cards as mentioned in the CoWIN portal.
PM launches second phase of Swachh Bharat Mission-Urban, AMRUT
India is processing about one lakh tonne of waste every day, he said, adding that garbage mountains in cities will be processed and removed completely under the new phases of the two missions.
In line with the vision of the prime minister, SBM-U 2.0 and AMRUT 2.0 have been designed to realize the aspiration to make all cities garbage-free and water-secure, according to the Prime Minister’s Office (PMO).
Tatas and Max Life Insurance foray into pension sector, apply for licenses to become pension fund mangers
Axis bank also wants to set up a company as Pension Fund Manager and is waiting for approvals from Reserve Bank of india (RBI) which may be completed in next 15 days.
So far, NPS has seen a 60% jump in NPS onboarding in the first six months of this financial year and our returns (in CAGR) is more than 10% over a period of 12 years. The total corpus has grown to Rs. 6.67 trillion and the total number of subscribers is 4.60 crores as on 25th September, 2021.
With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion
The approved amount will be infused in instalments, thereby increasing the capacity to underwrite risks up to Rs 88,000 crore and this will enable ECGC to issue covers that can support additional exports of Rs 5.28 lakh crore over the five-year period, said M Senthilnathan,its Chairman and Managing Director .
Unemployment, Covid-19 top most worries for urban Indians: Survey
Elaborating on the findings, Amit Adarkar, CEO, Ipsos India said, “We see uptick in worry levels for unemployment by 2 per cent, while worry levels for Covid-19 has seen a slight dip of 5 per cent — but now both are placed neck to neck — Covid impacted the job market considerably due to the shutdown and restrictions — now with the cautious reopening, worry levels around jobs have not abated — demand far outstrips supply — and those who have lost their jobs, many are still struggling to gain a foothold. Covid-19 too is far from over. It is a case of cause and effect.”
Low pressure area moves to Gulf of Kutch, may intensify into cyclonic storm in Arabian Sea: IMD
Heavy rainfall is expected for the next two days in the coastal districts of Jamnagar, Porbandar, Dwarka and Kutch, it said, and asked fishermen not to venture into the sea.
“It is then very likely to move further west-northwestwards and intensify into a cyclonic storm during the subsequent 24 hours. Thereafter, it is likely to continue to move west-northwestwards towards Pakistan-Makran coasts, moving away from the Indian coast,” the IMD said.
AIIB increases Green Public Rail Transport options in India,$356.67 million approved to expand Chennai metro system
The project’s design and construction will have environmentally friendly features to help reduce its carbon footprint. In addition to solar panels installed on the roofs of the elevated stations, the project will have dedicated spaces for bicycles and green vehicles, and signage to raise environmental awareness. The project also integrates climate change resilience features to reduce its vulnerability to climate-related events.
Maha govt pays Rs 973 crore to crop insurance firms
Travelers Risk Index: Cyber ranks as the top business concern
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
The percentage of respondents who said their company suffered a security breach where someone hacked into a system increased nearly 40% compared to 2020, to almost half (46%).
Security breaches, system glitches and unauthorized access to bank accounts are the top three cyber-specific business concerns.
Automakers are about to shake up the auto insurance industry
The Connected Auto Insurance Global Study reveals that many insurers now write over 50% of new business to connected auto insurance.
Dr Andrew Jackson, Research Director, said: “When car usage collapsed during the COVID-19 lockdowns, policyholders demanded prices based on actual mileage. OEMs have been stepping in to the gap, and in a clear statement of intent, half of all OEM in-house UBI programmes use connected car data only, removing insurers and Telematics Service Providers (TSPs) from the equation.”
At least 17 OEMs are selling connected car services with dynamically-priced insurance already available from Ford, GM, Kia, Hyundai, Mercedes-Benz, Stellantis, Tesla, Toyota and Volkswagen. Many car manufacturers have also forged insurance partnerships (i.e. Ford with Arity, GM with American Family, Ford with Octo Telematics, PSA with AXA, Daimler with SwissRE).
Govt ready with the blueprint to manage disasters in India: Amit Shah
Now, the government has also prepared a plan to integrate all the agencies and departments, even the smallest of the units. Whether it is a small village or a big metro city or a remote district, or a coastal city, every place has a plan ready to respond to the disaster.
The change in approach has yielded very good results, the 1999 cyclone alone killed 10,000 people and this year there have been three cyclones but the death toll is not more than 50.
Max Life AUM crosses Rs 1 lakh crore, grows 6 times in over a decade
New Delhi, Sept 30: Max Life Insurance, one of the top 5 life insurers in the country, on Thursday said its assets under management (AUM) have now crossed Rs 1 lakh crore, registering a growth of six times in over a decade. Max Life has scaled a significant...
Delhi to be free of air, water and noise pollution in 3 years: Gadkari
There should be one medical college or institution for PG medical education in every district: PM
In six years, more than 170 medical colleges have been completed, and work on over 100 new medical colleges is going on at a fast pace, Modi said at a virtual ceremony to mark the foundation stone laying of four medical colleges and inauguration of the Institute of Petrochemicals Technology in Rajasthan.