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IRDAI forms Mamta Suri panel on implementation of Ind AS/ IFRS in insurance sector

IRDAI forms Mamta Suri panel on implementation of Ind AS/ IFRS in insurance sector

by AIP Online Bureau | Aug 22, 2022 | Indian News, Life, Non-Life, Regulation, Reinsurance

Among other things, the panel will recommend steps as may be taken towards effective implementation of Ind AS/IFRS along with phase-wise timelines, recommendations on key interpretations (best practices) while implementing, Ind AS/IFRSc,recommendation on proforma...

Sales of luxury homes in Jan-Jun across 7 cities surpass demand in full 2021

by AIP Online Bureau | Aug 22, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

As per the data, sales of luxury homes were 25,680 units during January-June 2022, which is higher than 21,700 luxury flats sold in the entire 2021 calendar year across seven major cities –Delhi-NCR, MMR, Bengaluru, Pune, Hyderabd, Chennai and Kolkata Sales of...
Safety, performance top concerns for electric scooter buyers: Survey

Safety, performance top concerns for electric scooter buyers: Survey

by AIP Online Bureau | Aug 22, 2022 | Facts, Non-Life, Technology

Consumers of various brands of these vehicles have reported fire incidents, which many of the manufacturers have attributed to the battery, LocalCircles said. Safety and performance of electric scooters remain top concerns for customers amid a spate of fire incidents...

Floods, landslides kill dozens as monsoon rains lash northern, eastern India

by AIP Online Bureau | Aug 22, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

Heavy showers followed by landslides and flooding in the Himalayan state of Himachal Pradesh over the past three days killed at least 36 people, a state government official told Reuters. In the neighbouring mountainous state of Uttarakhand, an official government...
WTW appoints Sean Deehan as Leader of Hong Kong and Macau

WTW appoints Sean Deehan as Leader of Hong Kong and Macau

by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Sean Deehan,Leader,Hong Kong and Macau, WTW Clare Muhiudeen, Head of Asia, WTW, said: “Hong Kong remains a major international financial centre in Asia, a gateway to and from Mainland China and a key market in our Greater Bay Area growth plans HONG KONG: WTW today...

7 crore rural households given piped water connection in 3 just years: PM Modi

by AIP Online Bureau | Aug 22, 2022 | Data, Eco/Invest/Demography

“The country and especially Goa has achieved a milestone today. Today Goa has become the first state in the country, which has been Har Ghar Jal certified. Dadra Nagar Haveli and Daman and Diu have also become Har Ghar Jal certified Union Territory,” PM...

Road transport and highways sector has maximum number of delayed projects: Govt report

by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Policy

The Infrastructure and Project Monitoring Division (IPMD) is mandated to monitor central sector infrastructure projects costing Rs 150 crore and above based on the information provided on the Online Computerised Monitoring System (OCMS) by the project implementing...

UPI services to remain free, announces finance ministry

by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology

The number of digital transactions in July was the highest ever since 2016. UPI reported 6.28 billion transactions amounting to Rs 10.62 trillion, according to data released by the National Payments Corporation of India (NPCI) New Delhi: The Government of India...
Russia’s war at 6 months: A global economy in growing danger

Russia’s war at 6 months: A global economy in growing danger

by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, International News

The world may soon be teetering on the edge of a global recession, only two years after the last one,” Pierre-Olivier Gourinchas, the IMF’s chief economist, said. Governments, businesses and families worldwide are feeling the war’s economic effects...

Workers at UK’s biggest container port Felixstowe due to begin 8-day strike

by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, International News, Non-Life

Strike action will cause huge disruption and will generate massive shockwaves throughout the UK’s supply chain, but this dispute is entirely of the company’s own making,” said Bobby Morton, the Unite union’s national officer for docks. LONDON:...
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