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Indian
People in flood prone villages in K’taka will be moved to other places:CM
According to the release, 1,710 villages have been identified as flood prone and gram panchayat level disaster management action plan has been developed and training imparted regarding its implementation.
“We have given instructions to district authorities to take precautionary measures in view of possible floods.We have to ensure that no further damage happens in coming days and people in villages prone to floods are shifted to nearby high altitude places,” Yediyurappa told reporters after a meeting with officials of 20 districts, Karnataka Disaster Management Authority and Water Resource Department.
No intention to delay fixing minimum wages: Labour Min
Govt working on real-time translation tool to bridge language barrier among people
This ambitious language translation project, with a timeline of 5-7 years, is being developed using artificial intelligence and modern technologies to end the language barrier in the country.
”We have started working on a very ambitious national language translation mission. See the magic of new technology. For centuries we have lived with the reality that a person who knows only Bengali cannot communicate with a person who knows only Malayalam. This will change,” MeitY Secretary Ajay Prakash Sawhney said while speaking at a NIXI event.
CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities
Acting through SPV, the combination-India Advantage Fund S4 I & Dynamic India Fund S4 US I, and NHPEA Trisul Holding B.V.- contemplates an acquisition of an effective combined interest of less than 25 per cent, on a fully diluted basis, of the share capital of Magma HDI .
Besides, NTH would buy an effective combined interest of less than 10 per cent, on a fully diluted basis, of the company’s share capital, as per a notice filed with CCI.
International
China set to be the largest global insurance market by mid-2030s:Swiss Re
The seven largest emerging markets are forecast to contribute around 40% of global economic growth over the next decade
• China alone will count for more than 25% of global output
• From quantity to quality: maturing emerging economies will see more moderate, but also more stable growth • Emerging market insurance premiums are forecast to more than double over the next 10 years, growing four times faster than in advanced markets
• Premiums in emerging Asia are projected to grow three times faster than the world average over the next two years • China to become the world’s largest insurance market by the mid-2030s
Aon partners with insurtech firm on tracking marine risk accumulations
In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation during a catastrophe, said Aon in a statement. As a result, the need to monitor vessel movement and estimate cargo accumulation has become a critical part of exposure management and risk selection.
Aon eyes Willis Towers Watson acquisition, may be made via an all-share business combination
Aon drops plans to acquier Willis Towers Watson
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