Indian

645 children lost their parents to Covid from Apr-May 28 during second wave: WCD

Jul 22, 2021

”The scheme, the prime minister has announced, provides support for education and health and will create a corpus of Rs 10 lakh for each child when he or she reaches 18 years of age. This corpus will be used to give a monthly financial support/ stipend form 18 years of age, for the next five years to take care of his or her personal requirements during the period of higher education and on reaching the age of 23 years, he or she will get the corpus amount as one lump-sum for personal and professional use,” Irani said.

Based on audacious assumptions: Centre dismisses studies claiming undercounting of India’s COVID deaths

Jul 22, 2021

“The reports assume that all the excess mortality figures are COVID deaths, which is not based on facts and totally fallacious. Excess mortality is a term used to describe an all-cause mortality figure and attributing these deaths to COVID-19 is completely misleading,” it said.

RBI eyeing ‘phased introduction’ of digital currency: Deputy Governor

Jul 22, 2021

RBI Deputy Governor T Rabi Sankar said the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it.

ICICI Gen’s Q1 net drops 61 % to Rs 152 crore on higher Covid-19 claims

Jul 22, 2021

The largest private sector general insurer has also seen its combined ratio deteriorating to 121.3 per cent in Q1 FY2022 compared to 99.7 per cent in Q1 FY2021

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International

Business leaders spend less than 1 Day a year focusing on Cyber Risk: Marsh Survey

Sep 22, 2019

“We are well into the age of cyber risk awareness, yet too many organisations still struggle with creating a strong cyber-security culture with appropriate levels for governance, prioritization, management focus, and ownership,” said Kevin Richards, global head of Cyber Risk Consulting, Marsh. “This places them at a disadvantage both in building cyber resilience and in confronting the increasing complex cyber landscape.”

Aviation industry braces for double-digit premium hikes after 737 MAX groundings

Sep 20, 2019

“We have been seeing gradual growth in rates over the last year to two years, but the level of increases has certainly picked up since the MAX losses,” Global Aerospace executive Simon Abbott told Reuters at the Aircraft Builders Council conference. “The single-digit increases of last year have become very definitely double-digit this year.”

African Swine fever spreads in Philippines

Sep 20, 2019

The Southeast Asian nation since last year has imposed several measures to protect its $5 billion hog industry from the onslaught of African swine fever, including banning the entry of pork and pork-based products from more than a dozen nations.

RFIB granted Hong Kong licence

Sep 19, 2019

Stephen Warwick, who joined the business in February of this year, has been registered as the Chief Executive of RFIB Hong Kong Limited and continues in his role of CEO Reinsurance, Asia Pacific for the Group.

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