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Indian
Guj:Portal, mobile App launched for unorganised sector workers
State-owned banks getting ready for privatisation may come out with VRS
Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatization of two public sector banks (PSBs) and one general insurance company.An attractive VRS will make them lean and fit for takeover by the private sector entities that are keen to enter the banking space, the sources said.
SBI union, others urge Indian cbank to scrap digital payments plan-letter
Cyclone ‘Yaas’: Over 76,000 people submit applications for Bengal govt’s aid
People have been submitting applications from June 3 to get compensation under specified programmes of the departments of agriculture, disaster management and civil defence, animal resources development, horticulture, fisheries and micro, small and medium enterprises.
The government will receive applications at the camps till June 18.
International
January Renewals show higher prices for clients with poor loss records: Willis Re
In property catastrophe renewals, cedants with good loss records and a disciplined, early renewal process achieved risk-adjusted rate reductions, while loss impacted accounts are seeing upward pricing across a number of lines. Some primary lines are seeing significantly larger rate increases than treaty reinsurance business
Uber pledges to fight UK Court decision that drivers should be treated as workers
Though the U.K. ruling will not apply to employees outside the country, it is part of a trend in which regulators are more closely scrutinizing a quickly evolving workplace and challenging traditional employment models. Only this week, Britain published its Good Work Plan, promising to clarify the tests around employment status as suggested by the landmark Taylor Review last year
Indonesian tsunami insurance claims may reach $1.09 bn
Volcano-triggered tsunami kills 429, thousands homeless Indonesia
Authorities say the tsunami may have been triggered by an abnormal tidal surge due to a new moon and an underwater landslide following the eruption of Anak Krakatoa, which forms a small island in the Sunda Strait between Java and Sumatra.”The combination caused a sudden tsunami that hit the coast,” Nugroho said, but added that Indonesia’s geological agency was working to ascertain exactly how it happened.
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