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Coronavirus pandemic: Don’t lay off employees: Industry body CII tells member companies

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

New Delhi: Industry body CII has asked its member companies not to lay off their employees, its president Vikram Kirloskar said on March 19 amid the coronavirus outbreak causing economic slowdown globally.   His remarks come against the backdrop of mounting...

ICICI Lombard General Insurance unveils exclusive ‘COVID-19 Protection” cover’

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: ICICI Lombard General Insurance, India’s largest private sector general insurer, has rolled out a focused ‘COVID-19 Protection Cover’.The policy has been launched in group insurance mode. Amid the contagious pandemic, this policy...

PM Modi announces COVID-19 Economic Response Task Force, urges people to stay indoors

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Pime Minister Narendra Modi on Thursday announced the formation of a COVID-19 Economic Response Task Force led by Finance Minister Nirmala Sitharaman to deal with the situation arising out of novel coronavirus outbreak.   "Keeping in mind...

Fourth coronavirus death in India,Total numbers at 177,No international passenger flights during March 22-29

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: COVID-19 cases in India climbed to 177 on Thursday after fresh cases were reported, including from Chhattisgarh and Chandigarh, while most of the states and UT's imposed restrictions, inching towards partial shutdown in a bid to contain the...

SEBI relaxes result announcement norms for India Inc to manage coronavirus crisis

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: The capital market regulator SEBI  on Thursday has granted 45 days extension to the listed entities in filing quarterly financial results, whereas in respect of annual financial results, it has  extended  filing requirement...

IRDAI forms committee to review corporate governance guidelines for Indian insurers 

by AIP Online Bureau | Mar 19, 2020 | Eco/Invest/Demography, Indian News, Regulation

  Hydearbad: IRDAI  has formed a committee on Thursday under Praveen Kutumbe, member(Finance & Investment) to review the existing guidelines on corporate governance guidelines for insurance companies and to make it more effective and robust,...

COVID-19: How many people will die?

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  Paris: Though scientists are still scrambling to understand new coronavirus and its likely impact, experts are warning it could kill millions globally unless widespread and prolonged social distancing measures are adopted.   While models predicting new...

Lloyd’s to close its underwriting room from today,asks market insurers to provide estimates for coronavirus losses

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  London: The Lloyd's of London has announced that its Underwriting Room in London will be closed with effect from 16:00GMT 19 March in line with UK Government advice to avoid all non-essential contact.    “Following our successful resilience...

EU insurers must preserve capital positions as Coronavirus crisis escalates: Watchdog

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Regulation

  Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the European insurance watchdog said.   “Insurers are likely...

About 25 mn jobs could be lost worldwide due to coronavirus: UN

by AIP Online Bureau | Mar 19, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  United Nations: Nearly 25 million jobs could be lost worldwide due to the coronavirus pandemic, but an internationally coordinated policy response can help lower the impact on global unemployment, according to a UN agency.   In its preliminary assessment...
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