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IRDA allows Axis Bank to pick up 12 % stake in Max Life

by AIP Online Bureau | Feb 24, 2021 | Indian News, Life, Regulation

  New Delhi: Max Financial Services Limited (MFSL) announced today that the Insurance Regulatory and Development Authority of India (IRDAI) has given its formal approval for the acquisition of up to 12 per cent  stake in Max Life Insurance Company (Max...

RBI concerned over impact of cryptocurrency may have on financial stability: Das

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  New Delhi: The Reserve Bank of India (RBI) is concerned over the impact cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government, Governor Shaktikanta Das said on Wednesday. ''We have certain major...

Rajasthan to enact Bill on Right to Health,to bring Universal Health Care scheme worth Rs 3,500 cr: Gehlot

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Health, Indian News, Policy

  Jaipur: Rajasthan Chief Minister Ashok Gehlot-led Congress government on Wednesday presented the Budget for 2021-22 and said it will bring a Universal Health Care scheme worth Rs 3,500 crore. He said that from next year, universal health coverage will be...

Trading on India’s largest stock exchange halted by telecom breakdown

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

MUMBAI: Telecom disruptions forced India’s National Stock Exchange to shut all trading on Wednesday, leaving investors stranded ahead of the crucial expiry of monthly derivative contracts. The NSE, headquartered in India's financial capital Mumbai, is the...

Govt warns states of worsening COVID-19 situation if rules ignored

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: India warned on Wednesday that a breach of guidelines on testing and other measures to contain the coronavirus could worsen a recent spurt in infections in many states, particularly after it detected several variants. Nearly a month after the health...

India’s COVID-19 active caseload stands at 1.46 lakh

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: India's total COVID-19 active caseload currently stands at 1.46 lakh (1,46,907) on Wednesday and accounts for 1.33 per cent of the country's total coronavirus cases, according to the Ministry of Health and Family Welfare (MoHFW). According to...

S.Korea’s fertility rate falls to lowest in the world

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Facts

  South Korea's fertility rate fell to the lowest in the world last year, data showed on Wednesday, as uncertainty over the coronavirus discouraged couples from marrying and having children. The number of expected babies per South Korean woman fell to 0.84 in...

Lloyd’s insurer Brit says it will not insure Adani coal mine

by AIP Online Bureau | Feb 24, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

  LONDON: Major Lloyd’s of London insurer Brit will not insure Adani Enterprises’ Carmichael thermal coal mine, it said on Tuesday, adding to a growing list of Lloyd’s insurers who have made similar pledges.Carmichael has provoked controversy in...

India detects over 24,000 mutations in 7,000 variants of Covid

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The genetic diagnostic laboratories in India have detected over 24,000 mutations in the strains of SARS-CoV-2 in the last one year, top officials told IANS on Tuesday. The officials added that the mutations have been detected in around 7,000 variants...

Japan appoints ‘loneliness minister’ to tackle suicides

by AIP Online Bureau | Feb 24, 2021 | Eco/Invest/Demography, Facts, Health

Japan has appointed a “minister of loneliness” to reduce social isolation among its residents as the country deals with rising suicide rates, according to a report in the Japan Times. The rising psychological and physical toll of the pandemic has been...
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