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Indian

Rajnath Singh launches AI-based grievance analysis app

The Centralized Public Grievance Redress And Monitoring System is the platform based on web technology which primarily aims to enable submission of grievances by the aggrieved citizens from anywhere and anytime (24×7) basis to Ministries/Departments/Organisations who scrutinize and take action for speedy and favorable redress of these grievances.

Bill to amend general insurance law introduced in Lok Sabha

Finance Minister Nirmala Sitharaman said,“What we are trying to do in this is not to privatise. We are bringing some enabling provision so that the Government can bring in public, Indian citizens, and common people’s participation in the general insurance companies.”

As per the statement of objects and reasons of The General Insurance Business (Nationalisation) Amendment Bill, 2021, it seeks to remove the requirement that the central government holds not less than 51 per cent of the equity capital in a specified insurer.

Commission for Air Quality Management in NCR and Adjoining Areas Bill introduced in LS

According to the new Bill, ”the commission may impose and collect environmental compensation from farmers causing air pollution by stubble burning, at such rate and in such manner, as may be prescribed”.

The Statement of Objects and Reasons of the Bill, piloted by Environment Minister Bhupender Yadav, states that it was noticed there is a lack of a permanent, dedicated and participative mechanism adopting a collaborative and participatory approach involving relevant central ministries, state governments, local bodies and other stakeholders to tackle air pollution, in the NCR and adjoining areas.

No multilateral protocol at present on international travel of Covid vaccinated people: Govt

Most countries require a negative COVID-19 test report, along with compliance with country specific COVID protocols, the minister stated.

”While there have been multilateral discussions, including under the framework of International Civil Aviation Organization (ICAO), regarding COVID-19 vaccination certificates, no multilateral arrangements in this regard have been reached so far.”

International

 Over two-thirds of firms have suffered a political risk loss: Willis Towers Watson survey

Most respondents (71%) stated that the emphasis on political risk management at their company had increased since 2018, and nearly 40% felt that they were facing more pressure from investors regarding political risk management. The survey found that recent developments such as the China-US rivalry and the sanctions that have arisen as a result have made political risk more tangible.

Bermuda’s Catalina Holdings acquires Asia Capital Re

Consequently, ACR will cease writing business with immediate effect and all existing policies in force will be serviced until expiry. ACR said it will continue to honour all valid reinsurance quotes, as well as liabilities from outstanding commitments.Catalina said that it intends to use ACR and Singapore as a hub to build a strong Asian run-off platform.

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