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IRDAI rejects insurance brokers’ demand for life time licenses

IRDAI rejects insurance brokers’ demand for life time licenses

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Intermediaries, Life, Non-Life, Regulation, Reinsurance, Risk Management

Subhash Chandra Khuntia, chairman,IRDAI  “One of the demands of the brokers was to have their licenses in  perpetuity. We can’t accept it.he current system, where each broker has to renew his license in every three years, is perfectly fine. Even,in some...

Global Covid cases top 102 million, death toll at 2,204,494: Johns Hopkins

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

   Washington  The total number of global coronavirus cases has topped 102 million, while the deaths have surged to more than 2.20 million, according to the Johns Hopkins University. In its latest update on Saturday morning, the University's Center...

India proposes law to ban cryptocurrencies, create official digital currency

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Health, Indian News

  MUMBAI: India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government. The law will...

NPS assets under management grow 33 % to Rs 4.94 lakh crore till Sep 2020:Eco Survey

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

  New Delhi: The Assets Under Management (AUM) of National Pension System (NPS) stands at  Rs 4.94 lakh crore as on September 30, 2020, as compared to  Rs 3.71 lakh crore at the end of September, 2019, thereby recording an overall growth (YoY)...

India needs to focus on growth to alleviate poverty: Eco Survey

by AIP Online Bureau | Jan 30, 2021 | Eco/Invest/Demography, Indian News, Policy

New Delhi: Economic growth has a far greater impact on poverty alleviation than inequality and India needs to focus on growth to lift poor out of poverty, the Economic Survey for 2020-21 said on Friday. The Survey said that unlike in advanced economies, in India,...

NGT junks Punjab govt plea to recover penalty from defaulting farmers for burning crop residue

by AIP Online Bureau | Jan 29, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

  New Delhi: The National Green Tribunal has refused to entertain a plea by Punjab government seeking directions to recover pending environmental compensation for burning crop residue from defaulting farmers as arrears of the land revenue. A bench headed by NGT...

India’s Insurance penetration rises to 3.76%,density at around $78 in 2019-20:Eco Survey

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

  New Delhi: In India, insurance penetration which was 2.71 per cent in 2001 has steadily increased to 3.76 per cent in 2019.,according to the Economic Survey-2020-21presented by finance minister Nirmala Sitharaman on Friday. The country's insurance...

Accord ”strategic sector” tag to pharma: Par panel

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, Indian News, Policy

New Delhi: Highlighting the need for strong indigenous pharma companies, a Parliamentary panel has recommended that the pharma industry should be categorised as a "strategic sector" and called for a necessary follow-up action in this regard. In its report,...

India needs a healthcare regulator, will facilitate premium reduction:Economic Survey

by AIP Online Bureau | Jan 29, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Risk Management, Technology

  New Delhi: Even as the recent COVID-19 pandemic has emphasised the importance of healthcare sector and its inter-linkages with other key sectors of the economy, a sectoral regulator to undertake regulation and supervision of the healthcare...

U.N. chief urges business to take the lead on COVID-19, climate and global recovery

by AIP Online Bureau | Jan 29, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

NEW YORK: U.N. Secretary-General Antonio Guterres on Monday urged businesses to lead the way to a fair and sustainable recovery from the COVID-19 pandemic while tackling the climate crisis, adding the world had reached “a moment of truth.”Addressing a...
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