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Many places in central, western India may record `aove normal maximum temperatures: IMD

by AIP Online Bureau | Mar 2, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

For the plains, a “heat wave” is declared when the maximum temperature is more than 40 degrees Celsius, and at least 4.5 notches above normal. Maximum temperatures are likely to remain above normal in Jammu and Kashmir, Ladakh, Himachal Pradesh, major...

India slips 3 spots on 17 SDG adopted as 2030 agenda, says report

by AIP Online Bureau | Mar 2, 2022 | Eco/Invest/Demography, Indian News, Policy

India’s rank dropped primarily because of major challenges in 11 SDGs including zero hunger, good health and wellbeing, gender equality and sustainable cities and communities. With the latest rankings, India is now behind all south Asian nations except Pakistan,...

Russian ransomware attacks on Ukraine muted by leaks, insurance woes

by AIP Online Bureau | Mar 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

One reason for that could be a loophole in cybersecurity insurance policies. Experts and industry-watchers say the more sophisticated digital extortion gangs tend to focus on insured organisations because the victims already have a policy to make the payoff, making...

Auto sector posts robust sales amid fears of Ukraine crisis worsening chips shortage

by AIP Online Bureau | Mar 1, 2022 | Eco/Invest/Demography, Indian News

Indian automakers which posted encouraging sales data for the month of February 2022 riding on a demand surge, are cautiously optimistic that as they enter into the new fiscal, the semi-conductor availability will improve and they will be able to cater to the customer...

Tata cancelled USD 3 billion deal in Bangladesh over bribery issue

by AIP Online Bureau | Mar 1, 2022 | Eco/Invest/Demography, International News, Risk Management

Dhaka: Indian conglomerate Tata in 2005 cancelled USD 3 billion deal after Bangladesh Nationalist Party (BNP) leader Tarique Rahman placed a bribery deal to the Indian company. Prime Minister Sheikh Hasina’s ICT Advisor Sajeeb Wazed Joy in a post from his...

Govt may review timing of LIC IPO after Ukraine invasion: FM Sitharaman

by AIP Online Bureau | Mar 1, 2022 | Indian News, Life, Policy, Risk Management, Wealth Management/ Philanthropy

“Ideally, I’d like to go ahead with it because we’d planned it for some time based purely on Indian considerations,” Sitharaman said “But if global considerations warrant that I need to look at it, I wouldn’t mind looking at it again,” she said New Delhi India may...

Number of ultra HNIs in India up 11% in 2021 at 13,637: Report

by AIP Online Bureau | Mar 1, 2022 | Eco/Invest/Demography, Indian News, International News, Wealth Management/ Philanthropy

“In India, the number of UHNWIs (net assets with USD 30 million or more) has grown by 11 per cent YoY (year-on-year) in 2021, the highest percentage growth in APAC,” Knight Frank said in a statement. The number of UHNWIs in India grew to 13,637 in 2021...

Deaths linked to PM2.5 pollution in India increased by 2.5 times in 2 decades: Report

by AIP Online Bureau | Mar 1, 2022 | Health, Indian News

The report released by Union Environment Minister Bhupender Yadav on Tuesday said India accounted for one out of every four deaths due to air pollution in 2019 The report said 4,76,000 infants died globally in their first month of life from health effects associated...

UN climate report urges world to adapt now, or suffer later

by AIP Online Bureau | Mar 1, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

While governments need to drastically curb their emissions to prevent runaway global warming, they can also work to limit suffering by adapting to the conditions of a warmer world, the report says. That will take a lot of money – to finance new technologies and...

Ukraine Invasion: Russia’s ultra-rich count cost of $83 bn wealth wipeout

by AIP Online Bureau | Mar 1, 2022 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Russia’s $1.5 trillion economy is already reeling from sanctions that targeted key banks and may prevent Putin from accessing the bulk of more than $640 billion in central bank reserves. Those restrictions have roiled the nation’s markets and are having a knock-on...
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