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India’s annual green finance is just one-fourth of its needs, finds study

India’s annual green finance is just one-fourth of its needs, finds study

by AIP Online Bureau | Aug 11, 2022 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy

The report estimates that for India to achieve its Nationally Determined Contributions (NDCs) under the Paris agreement, the country requires approximately Rs 162.5 lakh crore (USD 2.5 trillion) from 2015 to 2030, or roughly Rs 11 lakh crore (USD 170 billion) per...
In India,7.3% of the population owned digital currency in 2021, 7th highest in the world: UN

In India,7.3% of the population owned digital currency in 2021, 7th highest in the world: UN

by AIP Online Bureau | Aug 11, 2022 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

“If cryptocurrencies become a widespread means of payment and even replace domestic currencies unofficially (a process called cryptoisation), this could jeopardise the monetary sovereignty of countries,” UN said Ukraine topped the list with 12.7 per cent, followed by...
Wage Revision: PSU general insurance industry unions stick to their demand of pay parity with LIC

Wage Revision: PSU general insurance industry unions stick to their demand of pay parity with LIC

by AIP Online Bureau | Aug 11, 2022 | Indian News, Non-Life, Policy

“Pay scales offered to us as on 01st August 2017 with loading factor of 10 per cent put us in most disadvantage when compared to those granted to LICI and ECGC,’’ said unions in their letter to Suchita Gupta, chairperson of GIPSA, the official coordinating...

Pakistan: Karachi among world’s worst places to live

by AIP Online Bureau | Aug 11, 2022 | Facts, Health

Austria’s capital Vienna topped the list of top 10 places to live in the world. Vienna held the top position in 2018 and 2019 as well. Islamabad: Karachi has yet again made it to the list of worst cities to live in the world in 2022, according to the Global...

PB Fintech loss widens to Rs 204 crore in Apr-Jun

by AIP Online Bureau | Aug 11, 2022 | Indian News, Intermediaries, Technology

The company in its financial performance report said that its insurance premium segment grew by 52 per cent to Rs 2,430 crore in June 2022 quarter from Rs 1,594 crore in the June 2021 quarter New Delhi: PB Fintech, the parent firm of online insurance broker...
New India’s net profit rises 32 % to Rs 118 crore in Q1FY23

New India’s net profit rises 32 % to Rs 118 crore in Q1FY23

by AIP Online Bureau | Aug 10, 2022 | Indian News, Non-Life

“After a challenging FY22, Q1FY23 saw a turnaround with the company’s results improving considerably compared to the previous quarter. The gross written premium growth at 6.5 per cent was low as the company took several proactive steps to strengthen the...
GIC Re back in black, posts a net profit of Rs 690 crore in Q1FY2023

GIC Re back in black, posts a net profit of Rs 690 crore in Q1FY2023

by AIP Online Bureau | Aug 10, 2022 | Indian News, Life, Non-Life, Reinsurance

Devesh Srivastava, CMD, GIC Re “We are targeting a Combined Ratio of 100 per cent and work is on progress to achieve it in the medium term. We are now purely looking for profitable business and the market is aware of our focus. Topline growth will happen but it...
Monkeypox: How it spreads, who’s at risk – here’s what you need to know

Monkeypox: How it spreads, who’s at risk – here’s what you need to know

by AIP Online Bureau | Aug 10, 2022 | Articles, Health

Monkeypox is not a new disease, and in some African countries it is endemic. However, the international outbreak which began in May 2022, has prompted the World Health Organization (WHO) to declare a global health emergency. Here are some of the important things to...
9 million people die each year from neurological disorders: WHO

9 million people die each year from neurological disorders: WHO

by AIP Online Bureau | Aug 10, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Workplace/Employee Benefits

Neurological disorders, which include stroke, migraines, dementia and meningitis. WHO reported that 43 per cent of children under five in low- and middle-income countries – nearly 250 million boys and girls – are believed to miss their developmental...

Heat, drought and wildfires during one of the warmest Julys on record– WMO

by AIP Online Bureau | Aug 10, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life

“This is despite the La Niña event that’s meant to have a cooling influence,” explained WMO spokesperson Clare Nullis “We saw this in some places, but not globally,” she added, noting that it was “one of the three warmest [Julys] on record, slightly cooler than July...
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