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Big Tech’s push into India’s financial sector raises concerns, says central bank

by AIP Online Bureau | Jul 2, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

  MUMBAI: Plans by Big Tech to foray further into India's financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the central bank said. The plans will also create...

Delta variant sweeps Asia, prompting curbs as vaccination remains tepid

by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  The highly contagious Delta variant of the coronavirus is surging through Asia this week, with record numbers of infections in Australia and South Korea, prompting some countries to tighten curbs and others to hasten vaccination. The variant, first detected in...

India is targeting additional 2 bn carbon sequestration by 2030: Javadekar

by AIP Online Bureau | Jul 2, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

New Delhi: Union Minister of Environment, Forest and Climate Change Prakash Javadekar on Thursday set a target of creating additional 2 billion carbon sequestration by 2030. While briefing the media, Javadekar said, "India has taken a target of creating...

Centre rushes teams to six states reporting high number of Covid cases

by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The Centre on Friday deputed multi-disciplinary teams to Kerala, Arunachal Pradesh, Tripura, Odisha, Chhattisgarh and Manipur in view of the high number of COVID-19 cases being reported by these states. Teams will be supporting the states in their...

Special drive launched to bring more farmers under PM crop cover scheme

by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  New Delhi, July 02: In a major farmer outreach, the government on Thursday launched a special drive to enrol more cultivators under the Pradhan Mantri Fasal Bima Yojana (PMFBY). A week-long drive, starting July 1, will cover all notified areas under the kharif...

Study indicates association of cloud bursts with forest fires

by AIP Online Bureau | Jul 2, 2021 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts, Non-Life

A recent study has found a connection between the formation of tiny particles, the size of a cloud droplet on which water vapour condenses leading to the formation of clouds and forest fires. The quantity of such particles called the cloud condensation nuclei (CCNs)...

Billions risk being without access to water and sanitation services by 2030

by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  UN News:  Latest data from the World Health Organization (WHO) and UN Children's Fund (UNICEF) reveals that three in 10 people worldwide could not wash their hands with soap and water at home during the COVID-19 pandemic. "Handwashing is one of...

$40 billion pledged at Paris conference for gender equality

by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Health, International News

World leaders, philanthropists and organisations have pledged at least $40 billion at an international conference in Paris to boost gender equality, as women and girls worldwide have been deeply affected by the consequences of the pandemic. UN Women's Executive...

Covid first wave led to increase in antibiotic misuse in India: Study

by AIP Online Bureau | Jul 2, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

Antibiotic sales soared during the first COVID-19 wave in India last year, according to a study which suggests that the drugs were used to treat mild and moderate cases of the viral disease. The researchers at Washington University in the US estimated that COVID-19...

Gallagher becomes the first global insurance broker to set up a 100 % subsidiary in India

by AIP Online Bureau | Jul 2, 2021 | Indian News, Non-Life, Reinsurance

  Mumbai, July: US based fourth largest international re/insurance broker Gallagher is set to be the first global broker to set up a 100 per cent operation in India by buying out 70 per cent stake in its Indian joint venture, Edelweiss Gallagher Insurance...
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