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Insurance companies should not be too technical while settling claims, says SC

Insurance companies should not be too technical while settling claims, says SC

by AIP Online Bureau | May 22, 2022 | Indian News, Non-Life

The observation of the top court came while allowing an appeal against the August 2021 order of the National Consumer Disputes Redressal Commission (NCDRC) in a matter relating to the settlement of a claim under the insurance policy for a truck that was stolen in 2013...

Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgement

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

Giving its ruling in the Mohit Minerals case, the Supreme Court held that since the Indian importer is liable to pay IGST on the ‘composite supply’, comprising of supply of goods and supply of services of transportation, insurance, etc in a CIF (Cost...

EXPLAINER-How concerned should we be about monkeypox?

by AIP Online Bureau | May 22, 2022 | Eco/Invest/Demography, Facts, Health

The risk to the general public is low at this time, a U.S. public health official told reporters at a briefing on Friday. Monkeypox is a virus that can cause symptoms including fever, aches and presents with a distinctive bumpy rash Global health officials have...
Efforts to improve air quality show positive trends: Bhupender Yadav

Efforts to improve air quality show positive trends: Bhupender Yadav

by AIP Online Bureau | May 22, 2022 | Eco/Invest/Demography, Health, Indian News, Policy

Bhupender Yadav,Union Environment Minister National Clean Air Programme ‘is a national-level strategy for a 20 per cent to 30 per cent reduction in PM2.5 and PM10 concentration by 2024, with 2017 as the base year for comparison The programme covers 132...

Climate change boosted cost of Japan storm by $4 Billion, study shows

by AIP Online Bureau | May 22, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

The research on extreme weather in Japan is the latest assessment of how inaction on curbing fossil fuel emissions is rapidly accelerating the cost of recovery and insuring people and property in the paths of more destructive storms The effects of human-caused climate...

Financial risks of climate change overplayed, senior HSBC banker says

by AIP Online Bureau | May 22, 2022 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy

Beau O’Sullivan, senior campaigner on the Bank on our Future campaign, called the comments “regressive and grossly flawed,” adding climate change posed a material risk to financial assets Central bank policymakers and other global authorities are exaggerating the...
Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

Paytm forms general insurance JV without any external partner; to invest Rs 950 cr in 10 years

by AIP Online Bureau | May 21, 2022 | Indian News, Non-Life, Technology

Vijay Shekhar Sharma, managing director, One97 Communications Initially, One97 Communications (OCL) will hold a 49 per cent stake in PGIL while the rest 51 per cent stake is to be owned by OCL’s managing director Vijay Shekhar Sharma-led VSS Holding Private...
Smartphone use can hamper mental well-being in young adults

Smartphone use can hamper mental well-being in young adults

by AIP Online Bureau | May 21, 2022 | Facts, Technology

She mentioned that social interaction teaches people how to read facial expressions, body language, physical touch, appropriate emotional responses, and conflict resolution, life skills that are crucial for socio-emotional development. Without these skills, people can...
Chhattisgarh govt asks PFRDA to return Rs 17,240 crore for old pension scheme rollout

Chhattisgarh govt asks PFRDA to return Rs 17,240 crore for old pension scheme rollout

by AIP Online Bureau | May 21, 2022 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

In a letter to the Chairman of PFRDA, New Delhi on Friday, state’s Finance Secretary Alarmelmangai D said the Chhattisgarh government has decided to reinstate the old pension scheme (OPS) and therefore, the demand is being made to implement the decision Raipur: The...
Crypto ‘worth nothing’, should be regulated: ECB Prez Christine Lagarde

Crypto ‘worth nothing’, should be regulated: ECB Prez Christine Lagarde

by AIP Online Bureau | May 21, 2022 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy

Christine Lagarde,European Central Bank President Lagarde told Dutch television that she’s concerned about people “who have no understanding of the risks, who will lose it all and who will be terribly disappointed, which is why I believe that that should be...
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