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Budget proposals positive for insurance sector: Fitch Ratings

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

New Delhi: India's 2021-2022 Budget proposals to relax foreign-ownership caps on insurers and listing of LIC will help the industry attract foreign capital, strengthen solvency and promote competition, Fitch Ratings has said. Besides, the ratings agency said,...

Joint Panel on Data Protection Bill can submit its report by 15 March

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

New Delhi: A Joint Committee of Parliament examining the Personal Data Protection Bill can now submit its report in the week to March 15 — the first week of the second part of the ongoing budget session. The second part of the budget session begins on 8 March....

Govt asks people to register as cyber crime volunteers to check unlawful online content

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Facts, Non-Life, Policy, Risk Management, Technology

  New Delhi: Govt asks people to register as cyber crime volunteers to check unlawful online contentIn a bid to keep an eye on the cyber world in a "coordinated and comprehensive manner", the government has asked common people to register as cyber crime...

Hacker changed water chemical levels to poison entire US city

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, International News

San Francisco, In a sophisticated cyber-attack, a hacker accessed the computer systems of the water treatment facility in a US city and modified drinking water chemical levels to dangerous parameters in an attempt to poison the city of nearly 15,000 residents. Sodium...

EU antitrust regulators halt Aon, Willis probe, await data

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Health, International News

  European Union antitrust regulators have suspended their investigation into Aon PLC's $30 billion bid for Willis Towers Watson PLC while they wait for the U.S. insurance broker to provide data required for the case. The European Commission, which kicked off...

India backs AstraZeneca shot despite South Africa halt

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

  India said on Tuesday it had no concerns over the efficacy of the AstraZeneca COVID-19 vaccine despite South Africa putting it on hold, and ordered 10 million more doses of the shot for its own huge immunisation campaign. South Africa delayed use of the vaccine...

Indian army drills dog squad to sniff out COVID-19

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  NEW DELHI: The Indian army is training dogs to find COVID-19 in its ranks by sniffing human sweat and urine, a senior officer said on Tuesday. Breeds such as cocker spaniels and labradors are being trained to detect the disease from the cells of infected people...

Govt to soon bring bill on crypto currencies: MoS Finance Anurag Thakur

by AIP Online Bureau | Feb 9, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

New Delhi: The government will soon bring a bill on crypto currencies as existing laws are inadequate to deal with issues concerning them, Minister of State For Finance Anurag Thakur told Rajya Sabha on Tuesday. Replying to a question in the Upper House, Thakur said...

IRDAI asks insurers to promote Govt’s Digilocker for e-storing their policy documents

by AIP Online Bureau | Feb 9, 2021 | Indian News, Life, Non-Life, Regulation, Technology

  Hyderabad: In order to promote the adoption of Digilocker in the insurance sector, the IRDAI has advised all insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to use the tech platform for preserving...

Up to 10 pc of LIC IPO issue size to be reserved for policyholders: MoS Finance

by AIP Online Bureau | Feb 9, 2021 | Indian News, Life, Policy

  New Delhi: Up to 10 pc of LIC IPO issue size to be reserved for policyholders: MoS FinanceUp to 10 per cent of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said on Tuesday. The government will remain...
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