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De-board ‘unruly passengers’ for not following Covid-19 protocols in aircraft, says DGCA

by AIP Online Bureau | Jun 9, 2022 | Health, Indian News, Non-Life

In case, any passenger on board an aircraft refuses to wear a mask or violates the “COVID-19 Protocol for passengers” even after repeated warnings, during the course of the flight, such passenger may be treated as an “Unruly Passenger” New...

Russia to use state guarantees to bypass EU ban on insuring maritime oil deliveries to 3rd countries: S&P

by AIP Online Bureau | Jun 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...
Indians planning to reduce number of cars they own: Survey

Indians planning to reduce number of cars they own: Survey

by AIP Online Bureau | Jun 9, 2022 | Eco/Invest/Demography, Indian News, Non-Life

The public’s lack of interest in getting rid of polluting vehicles is a potential setback for India’s ambitions to turn net carbon zero by 2070. Recycling old cars is crucial for India to cut emissions considering the take up of electric vehicles is lagging due to...

India’s crop-nourishing monsoon rains to pick up steam by mid-June

by AIP Online Bureau | Jun 9, 2022 | Eco/Invest/Demography, Indian News

The monsoon – which accounts for nearly 70% of India’s annual rainfall and is the lifeblood of its $2.7 trillion agriculture-dependent economy – arrived on the coast of southern Kerala state on May 29, two days ahead of the usual time But since June...

NHA organises 3-day orientation workshop on Ayushman Bharat Digital Mission scheme

by AIP Online Bureau | Jun 8, 2022 | Health, Indian News, Technology

Besides the NHA team, various health industry experts and academicians would also be sharing their knowledge on IT project management, design thinking for ABDM, Health Management information System, data privacy, and healthcare systems engineering and thinking, it...

Deadline to submit Reliance Capital resolution plans likely to be extended

by AIP Online Bureau | Jun 8, 2022 | Indian News, Life, Non-Life, Regulation

According to sources, as of now, there are only three bidders who are actively engaged with the CoC for RCap’s resolution. These are Piramal, Yes Bank and IndusInd Bank Mumbai: Lenders to Reliance Capital may extend the last date for submission of bids for...

Indian fintech market expected to reach USD 150 bn in valuation by 2025: MoS Finance

by AIP Online Bureau | Jun 8, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Technology

More than 50 lakh banking correspondents across the country are carrying out ”cash in cash out” kind of transactions using the system, UIDAI CEO Saurabh Garg said ”There is a need for a proper cyber security system, real time disputes to be solved...

General insurance industry’s premium surge by 25 % to Rs 15,275 crore in May

by AIP Online Bureau | Jun 8, 2022 | Indian News, Non-Life

Led by ICICI Lombard General Insurance, the private sector general insurers’ total premium has grown by 17 per cent y-o-y to Rs 8034 crore in the month of May The private sector general insurers have increased their market share to 51.84 per cent(47.92 per cent) in...

Air quality panel bans use of coal in Delhi-NCR from next year

by AIP Online Bureau | Jun 8, 2022 | Climate, Environment, Renewable Energy, Indian News, Regulation

However, the use of low-sulphur coal in thermal power plants has been exempted from the ban New Delhi: The Commission for Air Quality Management (CAQM) has issued directions to ban the use of coal in industrial, domestic and other miscellaneous applications in the...

AXIS Re to exit property reinsurance business, Ann Haugh will replace Arora as new CEO

by AIP Online Bureau | Jun 8, 2022 | International News, Non-Life, Reinsurance

“The decision to close our Property Reinsurance business was not taken lightly and was driven by the significant and increasing effects of climate change and the challenges faced by the catastrophe reinsurance market. We are committed to doing all we can to help...
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