by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life
Washington: Two influential US lawmakers have applauded the Indian government''s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and...
by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Health, Indian News
New Delhi: The finance ministry on Friday expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) which will now cover borrowers from the healthcare segment, apart from the 26 sectors identified by the Kamath Committee. Last...
by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology
BOSTON: A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big...
by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
MUMBAI: Reserve Bank deputy governor M Rajeshwar Rao has said that technological innovation in banking is of paramount importance but cannot be pursued at the cost of customer privacy and data protection which are non-negotiable. "We must generate trust...
by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic
New Delhi: India reported a record daily increase of 234,692 COVID-19 infections over the last 24 hours, health ministry data showed on Saturday. It was the eighth record daily increase in the last nine days. Total cases reached nearly 14.5 million, second only...
by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic
NEW YORK: If you are planning to avoid vaccination just because you are a Covid survivor, think twice. According to a new study, despite a prior Covid-19 infection young people can likely catch the virus again and may still transmit it to others. Even after a previous...
by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management, Technology
Fears of vaccine exclusion as India uses digital ID, facial recognitionMillions of vulnerable people are at risk of missing out on Covid-19 vaccines as India uses its national digital identity for registration and pilots facial recognition technology at...
by AIP Online Bureau | Apr 16, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic
Washington: Pfizer Chief Executive Officer Albert Bourla said people will likely need a third dose of the Pfizer/BioNTech Covid-19 vaccine within 12 months of getting fully inoculated. Bourla said on Thursday that it is possible people will need to get...
by AIP Online Bureau | Apr 16, 2021 | International News, Non-Life, Reinsurance
OLDWICK, N.J: Publicly traded U.S. property/casualty (P/C) insurers performed unexpectedly well in 2020 despite extraordinary negative factors, generating operating income of $82.1 billion, according to a new AM Best special report. The analysis in the...
by AIP Online Bureau | Apr 16, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy, Regulation
New Delhi: After the passage of the enabling amendments in the Insurance Act 1938, by the parliament, to hike the foreign direct investment (FDI) in the Indian insurance sector to 74 per cent from 49 per cent, the ministry of finance, on Tuesday has...
