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Retired babus taking up private sector jobs soon after retirement is serious misconduct: CVC

by AIP Online Bureau | Jun 3, 2021 | Indian News, Policy

  New Delhi: Noting instances of retired officials taking up jobs in private sector organisations soon after their retirement, the Central Vigilance Commission (CVC) on Thursday said acceptance of such an employment offer without the completion of mandatory...

Chasing yield, U.S. private equity firms nudge up risk on insurers

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, International News

  Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now. The firms are moving some of...

India orders 300 mln COVID-19 shots before approval as court asks for vaccine ‘roadmap’

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  India's government signed its first purchase order for unapproved COVID-19 vaccines on Thursday, a day after it faced criticism from the top judiciary about a bungled vaccine rollout that has left millions of people vulnerable. After a devastating second...

17 pilots of Air India, IndiGo, Vistara died of Covid in May: Sources

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

New Delhi: Atotal of 17 pilots of Air India, IndiGo and Vistara died due to COVID-19 in May when the country saw the peak of the coronavirus pandemic's second wave, sources said on Thursday. IndiGo lost 10 pilots and Vistara two, aviation industry sources stated....

Covid-19 vaccine: After Pfizer, Serum Institute seeks indemnity, say sources

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy, Risk Management

  New Delhi: Amid discussions over possible legal protection to foreign vaccine manufacturers Pfizer and Moderna over their COVID-19 jabs in India, the Serum Institute of India (SII) has also sought protection against liabilities, sources said on Thursday....

Government issues guidelines for care of children affected by Covid-19

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: The government has come out with guidelines for the care and protection of the children affected by COVID-19 and fixed responsibilities for the states, district magistrates, police, Panchayati Raj institutions and urban local bodies. In a letter to...

World food price index surges in May to highest level since 2011 -FAO

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Facts

  ROME: World food prices rose in May at their fastest monthly rate in more than a decade, posting a 12th consecutive monthly increase to hit their highest level since September 2011, the United Nations food agency said on Thursday. FAO also issued its first...

Global ”hot spots” where new coronaviruses may emerge identified

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Facts, Health

  Newyork: China, Japan, Philippines and Thailand may turn into "hotspots" favourable for bats that carry coronaviruses and conditions in these places could become ripe for the disease to jump from bats to humans, finds new study. The study, published...

Tapeworm drug, masks are part of Reliance’s plan to tackle coronavirus

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

Mumbai: Reliance Industries Ltd. is working on a new Covid-19 drug and cheaper testing kits as the conglomerate owned by Asia’s richest man Mukesh Ambani looks to curb the pathogen which has ravaged India in the past year. India’s most-valuable company is...

Ransomware & aggregation issues in US call for new approaches to US Cyber Risk : AM BEST

by AIP Online Bureau | Jun 3, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

  OLDWICK, N.: With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, prospects for the U.S. cyber insurance market are grim, according to a new AM Best report The Best’s Market Segment...
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