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Indian
India ‘challenging place’ to do business, must ease hurdles: US State Dept
New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said.
Nine new Insurance Ombudsmen selected
Vipin Anand,managing director, Life Insurance Corporation, who will retiring this month end , has been chosen for Bengaluru, Girish Radhakrishnan, who retired as CMD of United India Insurance, has been selected for Kochi.
The other selected candidates are S.Sampathkumar for Chennai, N Sankaran for Hyderabad,B S Pandya for Mumbai, Atul Jerath for Chandigarh, RM Singh for Bhopal, Rajiv D Sharma for Jaipur, Somnath Ghosh for Guwahati.
3523 Air India employees affected by Covid of which 56 died: Centre to LS
“On the death of a permanent/fixed-term contractual employee due to COVID-19, their families are paid compensation of Rs 10,00,000 and Rs. 5,00,000 respectively. Families of casual/contract workers are paid compensation of Rs 90,000 per two months’ salary,” the minister said. It further informed that COVID centres have been opened by the company in various locations to take care of the affected employees/ families.
“Reimbursement of vaccination charges are being provided to employees and their families if paid by them,” it added
No likely impact of Cairn and Devas lawsuits on its Air India’s disinvestment process: Govt
Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion — which they won in international arbitrations — from India.
”Cairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement against Air India Limited as an alter ego of the Republic of India,” Singh said in a written reply to a question in Lok Sabha.
International
Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience
As part of the program, as much as $5 billion in insurance capacity will be offered to 20 developing countries that are vulnerable to shifts in the climate and willing to work with the groups to increase their resilience, according to a statement Sunday from the Insurance Development Forum, the UN Development Program, the German Federal Ministry for Economic Cooperation and Development and the U.K. Department for International Development.
Singapore minister to deliver keynote address at SIRC
The SIRC Deep Dialogue will provide multifaceted perspectives on the future for the (re)insurance sector – from a seasoned industry insider and a sophisticated institutional investor in insurance and InsurTech – and will provide clues on how the (re)insurance sector will transform in a highly disrupted future.
India to offer Pacific island nations $150 mn credit line for climate issues
How U.S. is attempting to manage risk from ‘Insider’ terrorist threat in aviation
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