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3 emergency landings of international airlines in India in last 48 hours

by AIP Online Bureau | Jul 17, 2022 | International News, Non-Life, Reinsurance

“We had two emergency landings of foreign operators on Saturday. Air Arabia at Cochin due to hydraulic issues and Ethiopian at Kolkata due to pressurisation issue,” said an official In a third similar incident, on July 15, an aircraft of SriLankan airlines...
Wage-Revision: PSU general insurance unions threaten “2-day complete strike” from July 27th, demand pay parity with LIC

Wage-Revision: PSU general insurance unions threaten “2-day complete strike” from July 27th, demand pay parity with LIC

by AIP Online Bureau | Jul 17, 2022 | Indian News, Non-Life, Policy

“In case of any failure on the part of our managements to revert on priority basis, we shall have no choice but to observe 2-day complete strike in PSGICs and GIC Re on 27th & 28th July 2022 and any other IR action as warranted, in consonance with the...
Shriram Group’s non-banking financial entities to get amalgamated by Dec qtr: MD & CEO YS Chakravarti

Shriram Group’s non-banking financial entities to get amalgamated by Dec qtr: MD & CEO YS Chakravarti

by AIP Online Bureau | Jul 17, 2022 | Indian News, Life, Non-Life, Regulation

YS Chakravarti, Managing Director and CEO, Shriram City Union Finance Shriram City Union Finance Ltd (SCUF) has received shareholders’ approval for the merger and it is expected to get the nod from the Insurance Regulatory and Development Authority of India...
Punjab CM gives nod to state disaster mitigation fund

Punjab CM gives nod to state disaster mitigation fund

by AIP Online Bureau | Jul 17, 2022 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy

Bhagwant Mann,Chief Minister,Punjab The chief minister said a total sum of Rs 729.60 crore will be available in the SDMF from 2021 to 2026, which will be instrumental in further augmenting the preparedness of the state for any sort of natural disaster Chandigarh:...
Pandemic, supply disruptions pose risk to food security; urgent actions needed says World Bank led joint statement

Pandemic, supply disruptions pose risk to food security; urgent actions needed says World Bank led joint statement

by AIP Online Bureau | Jul 17, 2022 | Eco/Invest/Demography, International News, Pandemic, Policy

Citing World Food Programme data, the joint statement said the number of acute food insecure people increased to 345 million in 82 countries “Making matters worse, around 25 countries have reacted to higher food prices by adopting export restrictions affecting...
Cargo plane with Serbian defence material crashes in northern Greece

Cargo plane with Serbian defence material crashes in northern Greece

by AIP Online Bureau | Jul 17, 2022 | International News

Serbia’s defence minister said the plane was carrying 11.5 tonnes of products made by its defense industry and the buyer was Bangladesh defense ministry. He said the crew members were killed. ATHENS: A Ukrainian cargo plane carrying munitions from Serbia to...
Pay GST on hospital rooms above Rs 5,000 from Monday

Pay GST on hospital rooms above Rs 5,000 from Monday

by AIP Online Bureau | Jul 17, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Regulation

The government has now notified that all such clinical establishments including hospitals, nursing homes, and sanatorium would be liable to pay tax on the gross room rentals which is more than Rs 5,000 per day Services rendered by regulators such as RBI, IRDA and SEBI...
Terrorism, cyber crime main challenges before Mumbai Police: Top cop Phansalkar

Terrorism, cyber crime main challenges before Mumbai Police: Top cop Phansalkar

by AIP Online Bureau | Jul 17, 2022 | Eco/Invest/Demography, Indian News, Non-Life

Mumbai Police Commissioner Vivek Phansalkar ”Tackling terrorism is a challenge before the Mumbai police and our efforts are continuously on to keep the city safe and terror-free. The safety of every citizen here is the Mumbai Police’s primary duty,”...
Technical problem forces IndiGo plane to land in Karachi

Technical problem forces IndiGo plane to land in Karachi

by AIP Online Bureau | Jul 17, 2022 | Indian News, Non-Life, Reinsurance, Technology

“IndiGo flight 6E-1406, operating from Sharjah to Hyderabad was diverted to Karachi. The pilot observed a technical defect. Necessary procedures were followed and as a precaution, the aircraft was diverted to Karachi,” IndiGo said in a press release New...
No cooperative sector database so far; govt has begun work to create it: Amit Shah

No cooperative sector database so far; govt has begun work to create it: Amit Shah

by AIP Online Bureau | Jul 16, 2022 | Eco/Invest/Demography, Indian News, Policy

Union Home and Cooperation Minister Amit Shah  Union Home and Cooperation Minister Amit Shah said “neither do we have the database of cooperative societies of fishermen, nor do we have the database of cooperatives working in irrigation sector” Even, the...
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