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BBB selects Mini and Pattanaik as MDs of LIC

by AIP Online Bureau | May 7, 2021 | Indian News, Life

  Mumbai: The Banks Board Bureau, the head haunting agency for selecting Chairmen,CEOs and MDs of public sector banks and insurance companies,on Friday, has chosen Ipe Mini and B.C. Patnaik as managing directors of the Life Insurance Corporation...

Life insurers’ new business premium up 45% at Rs 9,739 cr in Apr

by AIP Online Bureau | May 7, 2021 | Indian News, Life

New Delhi: Life insurance companies logged nearly 45 per cent growth in their cumulative new business premium at Rs 9,738.79 crore in April 2021, Irdai data showed on Friday. All 24 life insurers had collected Rs 6,727.74 crore as new business premium during the same...

RBI’s Rs 50K cr liquidity facility can augment hospital bed capacity by 20%: Crisil

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  Mumbai: Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20 per cent as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday. The window to banks under priority-sector...

Delhi’s popular autorickshaws become COVID-19 ambulances

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

  New Delhi: It's not the most conventional way to get to hospital, but with Delhi running short of ambulances, authorities have turned some of the city's ubiquitous three-wheeled autorickshaws into makeshift ambulances to ferry COVID-19 patients. Actual...

Surging India virus cases may derail recovery but ratings outlook stable-S&P

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

S&P Global Ratings said on Friday its outlook on India's sovereign debt remained stable, even though surging COVID-19 cases could threaten the strong economic recovery it has seen so far. The rating agency, however, said the second wave should not hit the...

Indian airlines risk consolidation, plane repossessions amid COVID-19 surge

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  Mumbai: India's airlines are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of COVID-19 infections roils travel. Passenger traffic fell nearly 30% in April from...

LIC relaxes claim settlement requirements

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Pandemic

  Mumbai, May 07: In the current pandemic situation, keeping in view the safety of its customers, state owned Life Insurance Corporation (LIC) has given further relaxations in various claim settlement requirements to make the processes easier and hassle free To...

Over 11.8 lakh beneficiaries of age group 18-44 vaccinated so far in Phase-3: Health Ministry

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: More than 11.8 lakh beneficiaries, belonging to the age group of 18-44 years have been vaccinated so far since the third phase of the vaccination drive commenced, the Ministry of Health and Family Welfare said on Friday. As many as 11,80,798 people...

Karnataka caps price of CT-Scan, digital X-Ray at private hospitals, labs amid Covid surge

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

Amid surge in COVID-19 cases across state, Karnataka Health Minister Dr K Sudhakar on Friday informed that the government has decided to cap the price of CT-Scan and Digital X-Ray in hospitals and labs. "Since CT- Scan or X-Ray is becoming increasingly necessary...

2.8 magnitude Earthquake hits Assam

by AIP Online Bureau | May 7, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  Morigaon (Assam): An earthquake of magnitude 2.8 on the Richter scale hit Assam's Morigaon on Friday morning, according to the National Centre for Seismology (NCS). This is the fourth earthquake Assam has experienced this month. On May 5, an earthquake of...
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