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Climate change could cost U.S. budget $2 trln a year by end century: White House

by AIP Online Bureau | Apr 4, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

“Climate change threatens communities and sectors across the country, including through floods, drought, extreme heat, wildfires, and hurricanes (affecting) the U.S. economy and the lives of everyday Americans,” Candace Vahlsing, an OMB climate and science...

Global insurers plan to ramp up private equity investments

by AIP Online Bureau | Apr 4, 2022 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance

More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...

Sebi issues fresh guidelines to curb misuse of clients’ Power of Attorney

by AIP Online Bureau | Apr 4, 2022 | Indian News, Regulation, Wealth Management/ Philanthropy

The use of DDPI will be limited only for two purposes. One is for the transfer of securities held in the beneficial owner account of the client towards stock exchange related deliveries or settlement obligations arising out of trades executed by such a client The...

WHO says 99% of world’s population breathes poor-quality air

by AIP Online Bureau | Apr 4, 2022 | Eco/Invest/Demography, Health, International News

Air quality is poorest in WHO’s Eastern Mediterranean and Southeast Asia regions, followed by Africa, it said. Particulate matter, especially PM2.5, is capable of penetrating deep into the lungs and entering the bloodstream, causing cardiovascular,...
New legal structure needed to counter cyber criminals: Vaishnaw

New legal structure needed to counter cyber criminals: Vaishnaw

by AIP Online Bureau | Apr 4, 2022 | Indian News, Risk Management, Technology

Union Minister of Information Technology Ashwini Vaishnaw said this problem can be tackled by legal strategy, technology, organisations, capacity building and mutual cooperation Speaking on legal strategy to counter cyber crimes, Vaishnaw said the country needs to...

Sharp fall in marriages heightens China’s concerns over declining birth rate

by AIP Online Bureau | Apr 4, 2022 | Eco/Invest/Demography, Facts

Early this year National Bureau of Statistics (NBS) said China’s population grew by less than half a million last year to 1.4126 billion as the birth rate fell for the fifth consecutive year, stoking fears of a looming demographic crisis and its adverse impact...
PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021

PSU insurers lodge Covid insurance claims worth Rs 17,537 cr till Dec 2021

by AIP Online Bureau | Apr 4, 2022 | Indian News, Non-Life, Pandemic

”Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged with public sector insurance companies, of which 93.3 per cent claims had been disposed of,” Minister of State for Finance Bhagwat Karad said in a...
ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump

ICICI Lombard’s 2nd edition of Corporate India Risk Index witnesses a 9% jump

by AIP Online Bureau | Apr 4, 2022 | Indian News, Non-Life, Reinsurance, Risk Management

Bhargav Dasgupta, MD & CEO, ICICI Lombard General insurance The highest improvement was witnessed in the Transportation & Logistics sector, which has secured a score of 69, up from 47 in 2020. The sector bounced back post pandemic owing to new strategic...

Chhattisgarh tops states with lowest unemployment rate in country: Govt

by AIP Online Bureau | Apr 4, 2022 | Data, Eco/Invest/Demography

The state government has set up the ‘Chhattisgarh Employment Mission’ intending to create around 15 lakh new employment opportunities in the next five years New Delhi: Chhattisgarh has been ranked first among states with the lowest unemployment rate in the...
GST rate for COVID-19 medicines pegged at five percent GST: govt

GST rate for COVID-19 medicines pegged at five percent GST: govt

by AIP Online Bureau | Apr 4, 2022 | Health, Indian News, Policy

“At present, Goods and Services Tax (GST) on health insurance services is levied at standard rate, i.e., 18 per cent. Specific health insurance schemes catering to the needs of economically weaker sections of the society and differently abled, such as Rashtriya...
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