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Banks should invest in building robust IT platforms to prevent Cyber frauds:RBI

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

  Mumbai: There is a need for all financial entities to invest adequately in secure, robust, scalable and fault-tolerant IT infrastructure so that they remain competitive, expansion plan is well supported and public confidence is maintained....

New Covid-19 mutations threaten to stall fragile economic recovery:RBI governor

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  Mumbai: Even as a multi-speed recovery is struggling to gain traction, infusing hope,reinforced by positive news on vaccine development, a second wave of infections and new mutations of the virus have spread heightened uncertainty, threatening to...

Indian banks pay Rs 13,234 crore premium to cover their deposits, receive Rs 80.7 crore claims in 2019-20

by AIP Online Bureau | Jan 11, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

. Mumbai: The Reserve Bank of India(RBI) in its latest Financial Stability Report(FSR), released on Monday, has revealed that with the limit of deposit insurance in India raised to Rs 5 lakh, insured deposits stood at Rs 68,71,500 crore in March 2020...

Climate-risks may lead to abrupt increases in risk premia across Indian assets:RBI

by AIP Online Bureau | Jan 11, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management

  Mumbai: On climate-related risk  in the Indian economy,.the Financial Stabilty Report(FSB), released by the Reserve Bank of India (RBI)  on Monday, has noted that the value of financial assets/liabilities could be affected either by continuation...

Domestic air traffic down 45 pc to 71 lakh in Dec: ICRA

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life

Mumbai: India's domestic traffic declined around 45 per cent to about 71 lakh passengers in December last year over December 2019 even as passenger traffic was up 12 per cent sequentially over November 2020, ratings agency Icra said in a release. The capacity...

India wants Serum Institute to lower price of AstraZeneca shot,places order for vaccine

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  MUMBAI/BENGALURU: India has signed a purchase order with vaccine producer Serum Institute to procure AstraZeneca’s COVID-19 vaccine, a source said on Monday, the first step in one of the world’s largest vaccination programmes against the novel...

Centre says bird flu outbreak confirmed in ten states so far

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Health, Indian News

New Delhi: The Centre on Monday said bird flu has been confirmed in 10 states so far and stressed on increased surveillance around water bodies, live bird markets, zoos and poultry farms. "Till January 11, 2021, Avian Influenza has been confirmed in 10 states of...

Passenger vehicle retail sales increase 24 pc in December: FADA

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Indian News

New Delhi: Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units. According to the Federation of Automobile Dealers Associations (FADA), which collected...

Covid-19 vaccine race: Main candidates and where they stand

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

  Almost a year into the Covid-19 pandemic, about 200 vaccine candidates are in the works and 10 have been either approved by several countries or are under limited emergency use. As India prepares to launch its vaccine drive on January 16, here is a look at the...

Covid impact: India’s annual fuel demand falls for first time in 21 year

by AIP Online Bureau | Jan 11, 2021 | Eco/Invest/Demography, Indian News

  New Delhi: India’s overall petroleum demand in 2020 fell for the first time in more than two decades as the Covid-19 pandemic shuttered businesses and factories, crimping the appetite of one of the world’s biggest consumers. Demand for total...
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