SIRC 26
Indian
Cabinet approves privatisation of a PSU general insurer
The amendments, approved by the cabinet, will remove the clause for the Centre to hold at least 51 per cent in public sector insurance companies at any given time and transfer of management control to a private player who wants buy the compoany. ‘
India has four general insurance companies in the public sector – National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and the United India Insurance Company Limited. One of these will be privatised for which the government is yet to finalise the name.
Changing VT code of Indian aircraft will have big financial implication on airlines: Govt
In a written reply to a question in the Lok Sabha from BJP MP Harish Dwivedi, Minister of State for Civil Aviation V K Singh said, ”If we change the VT call sign, then all documents have to be reissued, the aircraft will have to be repainted and cannot fly till all markings are changed.” ”Aircraft will remain grounded during the whole process. It will also have a big financial implication on the airlines,” he added.
PM Modi launches website dedicated to AI, says will open way for AI-driven economy
Intensity of severe cyclonic storms increasing in North Indian Ocean region: Study
The increasing intensity of severe cyclonic storms with major socioeconomic implications was due to atmospheric parameters like higher relative humidity, especially at mid-atmospheric level, weak vertical wind shear as well as warm sea surface temperature (SST).
This indicates the role of global warming in bringing about this increasing trend, the study suggests.
International
MS Amlin exits aviation insurance market
As a result of the strategic review, on Oct. 1, MS Amlin announced it was exiting nine classes of business and operations (including aviation), which no longer form part of its future strategic direction. The business classes were: P&C UK Insurance (Corporate Property, Real Estate, Casualty, Package Binders, Fleet) and Aviation, while operations were Bloodstock in P&C International; UK Yacht (previously Haven); AUA Insolvency Risk Services.
Daimler Recalls Thousands of Mercedes-Benz Vehicles over Diesel Emissions
Typhoon Hagibis: Biggest Japan storm in decades makes landfall
Cracks found on 5% of older Boeing 737 planes in inspections
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