by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: The Centre will give three months' pension in advance to nearly three-crore widows, senior citizens and differently-abled in the first week of April amid the lockdown over the novel coronavirus pandemic, officials said on Friday. Under the...
by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
GENEVA: Coronavirus has infected more than half a million people and killed 20,000, the head of the World Health Organization (WHO) said on Friday as he appealed again for protective gear for medical staff working to save lives. Tedros Adhanom...
by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
WASHINGTON: The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that we have entered a recession” that...
by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance
LONDON: Business interruption insurance is not designed for pandemics, and if Britain wants businesses to have more cover in future for such events, it would require state aid, the Association of British Insurers said on Friday. Britain’s lawmakers have...
by AIP Online Bureau | Mar 27, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Policy
New Delhi: Vehicle owners will now have to provide their mobile numbers for availing any service related to registration of their vehicles, according to the government. The Ministry of Road Transport and Highways on Friday said it has amended the Central Motor...
by AIP Online Bureau | Mar 27, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Health, Indian News, Regulation
Mumbai: The moratorium on loan repayment between March 31 and May 31, is applicable on all types of retail credit, including credit card outstanding balances, the Reserve Bank said on Friday. To mitigate the burden of debt servicing brought about by...
by AIP Online Bureau | Mar 27, 2020 | Indian News, Non-Life, Regulation, Reinsurance
Hyderabad: The insurance regulator IRDAI has decided to put off its proposed annual move to hike the premiums for the mandatory third party motor cover that would have been effective from Apr 1 . “Validity of premium rates for Motor Third Party...
by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
NEW YORK: The number of U.S. coronavirus infections climbed above 82,000 on Thursday, surpassing the national tallies of China and Italy, as New York, New Orleans and other hot spots faced a surge in hospitalizations and looming shortages of supplies, staff and...
by AIP Online Bureau | Mar 27, 2020 | International News, Non-Life, Reinsurance, Technology
London: Returning to profitability after three years, with a net income of £2.5bn in 2019 Lloyd’s of London has today confirmed that the market is in a strong position to respond to the impacts of COVID-19 and support its customers and...
by AIP Online Bureau | Mar 27, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
New Delhi: There has been no solid evidence of community transmission of COVID-19 in India as yet and the infection appears to be relatively stabilising considering the rate at which it is increasing, the health ministry said on Thursday. "While the...
