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Private cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI

by AIP Online Bureau | Dec 30, 2021 | Eco/Invest/Demography, Indian News

”Private cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML)/combating the financing of terrorism (CFT). They are also prone to frauds and to extreme price volatility, given their highly speculative nature,” RBI...

2022: A likely year of firsts for insurance; general insurer privatisation, LIC share sale on cards

by AIP Online Bureau | Dec 30, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life

There are fears that LIC listing may be pushed beyond March 2022 as the valuation of the state-owned behemoth is taking more than anticipated time and preparatory work is still far from complete New Delhi: With the amended general insurance business legislation, the...
2021:Indian Life Insurance Trends

2021:Indian Life Insurance Trends

by AIP Online Bureau | Dec 30, 2021 | Articles, Life, Wealth Management/ Philanthropy, Workplace/Employee Benefits

Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance With the hike in rates by reinsurers, term plan prices are set to rise, but they still remain one of the most important and crucial investments in one’s financial portfolio In India, a third wave could...
WHO’s Tedros concerned about ‘tsunami of cases’ from COVID-19 variants

WHO’s Tedros concerned about ‘tsunami of cases’ from COVID-19 variants

by AIP Online Bureau | Dec 29, 2021 | Health, International News, Non-Life, Pandemic

Tedros Adhanom Ghebreyesus,director-general,WHO “Delta and Omicrom are now twin threats driving up cases to record numbers, leading to spikes in hospitalisation and deaths,” said World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus...

Economic momentum picking up, Omicron may derail growth: RBI

by AIP Online Bureau | Dec 29, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy

Admitting that inflation remains a concern as it is by the build-up of cost-push pressures, Das has called for stronger supply-side measures to contain food and energy prices Mumbai: Though the economy has steadily gained momentum and remained resilient since the...
LIC inaugurates `Digi Zone’ to sell policies online

LIC inaugurates `Digi Zone’ to sell policies online

by AIP Online Bureau | Dec 29, 2021 | Indian News, Life, Technology

Mumbai: Life Insurance Corporation (LIC) of India has set up a ‘Digi Zone’ as part of its effort to enhance its digital footprint. It was inaugurated by LIC chairperson M.R. Kumar on Wednesday. “LIC plans to undertake the next wave of digital...

Ebb and flow: FPIs’ net investments cross Rs 51,000 cr in 2021; more likely in New Year

by AIP Online Bureau | Dec 29, 2021 | Eco/Invest/Demography, Indian News

As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020. And last...

Rain damage: TN urges Centre to release over Rs 6,000 crore assistance

by AIP Online Bureau | Dec 29, 2021 | Disaster & Management, Eco/Invest/Demography, Indian News, Policy

”We have submitted so far, three memoranda seeking relief assistance from Government of India to the tune of Rs 1,510.83 crore for temporary restoration and Rs 4,719.62 crore for permanent restoration of damaged infrastructure like roads, bridges and public...

Need of a policy on using the drone technology in the farm sector:Gadkari

by AIP Online Bureau | Dec 29, 2021 | Eco/Invest/Demography, Indian News, Policy, Technology

New Delhi: Earlier, government had released a set of standard operating procedures (SOPs) for the use of drones in the farm sector, including for spraying pesticides as well as other soil and crop nutrients. New Delhi: Union minister Nitin Gadkari on Monday asserted...

Asia keeps Omicron variant at bay, but a surge may be inevitable

by AIP Online Bureau | Dec 29, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Omicron cases are mounting, and experts say the next few months will be critical. Those fears have been amplified by doubts about the effectiveness of the Chinese-made vaccines used in China and much of the developing world Once the pace picks up, its upsurge would be...
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