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Indian

Industry must make pricing of financial products transparent: RBI Dy Guv

Citing an example of such opaque arrangement, Sankar said bundling of products in the financial sector is one such arrangement.

Bundling tends to favour a seller of such a product rather than consumer, he said, adding “when bundling and such issues come up, I think regulators need to be more alert to the possibilities of mis-selling and misuse”.

Karnataka to set up system at dams to get real-time water data, to prevent floods

This system, once set up in Karnataka’s Almatti and Narayanpur dams, will help the officials of both the states overcome the possibility of floods. In case Maharashtra has to release water from its dams as a precautionary measure, it will inform the Karnataka officials who would accordingly lower their water level in Almatti and Narayanpur dams. This alleged lack of communication in 2019 had resulted into Maharashtra releasing lakhs of cusecs water into river beds that flooded the villages on the banks.

Green hydrogen purchase to be made mandatory: R K Singh

Green hydrogen is produced using renewable energy and electrolysis to split water and is distinct from grey hydrogen, which is produced from methane and releases greenhouse gases into the atmosphere, and blue hydrogen, which captures those emissions and stores them underground to prevent them causing climate change.

International

 New appointments within SCOR Global P&C underscore the group’s deep talent pool

Jean-Paul Conoscente, CEO of SCOR Global P&C2, commented: “Following the organizational changes announced in September 2018, SCOR Global P&C continues to adapt its structure to serve its strategy and be more client-centric. Today’s announcements confirm the depth of our talent pool and our desire to promote the personal and professional development of our existing teams.”.

Swiss Re says helped insure Boeing, Ethiopian Airlines

“We can confirm that we are part of the insurance panel that covers Boeing’s airline manufacturer liability policy and we also are a co-insurer of Ethiopian Airlines,” Swiss Re said in an emailed statement. It said it had not played a leading role in the cover but declined comment on contractual details.

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