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Centre close to finalising automobile scrappage policy: Nitin Gadkari

by AIP Online Bureau | Sep 5, 2020 | Eco/Invest/Demography, Indian News, Non-Life

New Delhi: Union Minister Nitin Gadkari on Saturday said the Centre is close to finalise the ambitious automobile scrappage policy. Gadkari spoke at the 60th ACMA Annual Session which was held virtually. In connection with the scrappage policy, he informed the session...

Dubai dusts off a two-year-old plan to lure wealthy retirees as expats begin to move out

by AIP Online Bureau | Sep 5, 2020 | Eco/Invest/Demography, Facts, Pension & Social Security

  Dubai is looking to attract retirees by gearing up a program first started two years ago that’s taken on greater urgency as the Middle East business hub contends with the flight of expatriates amid an economic downturn. Foreigners over the age of 55 will...

India’s record 86,432 infections reported in a day,takes 13 days to cross 40 lakh COVID-19 cases from 30 lakh

by AIP Online Bureau | Sep 5, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

;New Delhi: India's COVID-19 infection tally sprinted past 40 lakh, just 13 days after it crossed 30 lakh, with a record 86,432 cases being reported in a day, while recoveries have surged to 31,07,223 on Saturday pushing the recovery rate to 77.23 per cent,...

Russia’s Covid-19 vaccine shows potential in peer review, Lancet reports

by AIP Online Bureau | Sep 4, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health, Pandemic

Russia’s proposed Covid-19 vaccine induced an antibody response in all participants in early trials and found no serious adverse effects, according to the first peer-reviewed data on studies of the controversial project. The vaccine also produced a response in...

WHO says widespread vaccinations against Covid-19 are not expected until middle of next year

by AIP Online Bureau | Sep 4, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Pandemic

  Geneva: The World Health Organization (WHO) does not expect widespread vaccinations against COVID-19 until the middle of next year, a spokeswoman said on Friday, stressing the importance of rigorous checks on their effectiveness and safety. None of the...

U.S. disasters cause insurance double whammy for pandemic-hit businesses

by AIP Online Bureau | Sep 4, 2020 | Uncategorized

  As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many companies that were damaged or evacuated because of natural...

IRDA allows wide-ranging incentives by insurers to promote wellness and affordable health insurance

by AIP Online Bureau | Sep 4, 2020 | Eco/Invest/Demography, Health, Indian News, Regulation

  Hyderabad: The insurance regulator IRDAI, on Friday, has allowed insurers a wide-ranging of features,which can be offered by them as incentives, to their policyholders to promote wellness and affordable health insurance. As part of promoting wellness and...

Auto industry not in position to make investments for new norms: SIAM

by AIP Online Bureau | Sep 4, 2020 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi:  Auto industry assocation SIAM on Friday said that manufacturers were not in a position to invest further in the implementation of upcoming government regulations as the sector was going through an extremely difficult period. Society of Indian...

Javadekar hints at possible GST cut for vehicles to boost auto sector

by AIP Online Bureau | Sep 4, 2020 | Eco/Invest/Demography, Indian News

  New Delhi: Union Minister Prakash Javadekar on Friday hinted at the possibility of GST rate cut for vehicles and hoped that the automotive industry will soon get some "good news". The Heavy Industries Minister also shared that the proposal for the...

Swiss Re retains top spot in AM Best’s top 50 ranking of global reinsurers

by AIP Online Bureau | Sep 4, 2020 | International News, Life, Non-Life, Reinsurance

OLDWICK, N.J: Swiss Re maintained the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2019 for the second-straight year, and widened its lead over the No. 2-ranked Munich Reinsurance Company, as detailed in the new Best’s Market...
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