by AIP Online Bureau | Mar 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News
MUMBAI: India has ramped up the screening of travellers to keep the coronavirus at bay but a flurry of new cases has experts warning that it may be hard to contain a spread in densely populated South Asia with its generally poor medical...
by AIP Online Bureau | Mar 5, 2020 | Eco/Invest/Demography, Indian News, Pension & Social Security
New Delhi: Employees Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on deposits to 8.50 per cent for the current financial year (FY20) from 8.65 per cent in 2018-19. The lowering of interest rate would mean that salaried...
by AIP Online Bureau | Mar 5, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News
Mumbai: India’s central bank kept amassing dollars all through 2019, ending the year with Asia’s biggest jump in foreign-exchange reserves. That may come in handy now. Authorities may deploy some of the stockpile to steady the rupee, which has...
by AIP Online Bureau | Mar 5, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life
Mumbai: The General Insurance Council, the apex industry lobby of the 44-member strong non-life insurers, on Thursday said almost all health insurance policies cover epidemics, including coronavirus. The statement comes after the regulator Irdai on Wednesday...
by AIP Online Bureau | Mar 5, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health
There is no scientific evidence to show that coronavirus — originated from China — spreads through eating chicken, mutton and seafood, FSSAI chief GSG Ayyangar said on Thursday and asserted that the virus would not survive in higher temperature. ...
by AIP Online Bureau | Mar 5, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
NEW DELHI: The government on Thursday placed troubled private lender Yes Bank under a moratorium till April 3, superseding its board of directors and limiting withdrawals to 50,000 rupees ($680) during the period. In a statement, India’s...
by AIP Online Bureau | Mar 5, 2020 | Eco/Invest/Demography, Indian News, Non-Life
Hyderabad: Come Apr 1,the owners of trucks, cars and two wheelers should get ready to payi higher premiums, in the range of 10 per cent to 15 per cent,for buying the mandatory third party motor insurance policies The insurance regulator...
by AIP Online Bureau | Mar 5, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
Mumbai: Bloomberg News has reported that the government has approved a plan for State Bank of India(SBI) to lead a consortium including Life Insurance Corporation(LIC)that will buy a stake to rescue the capital-starved Yes Bank. As per reports, SBI...
by AIP Online Bureau | Mar 4, 2020 | Eco/Invest/Demography, Facts
New Delhi: Companies operating in India are likely to give an average salary hike of 7.8 per cent to their employees for the financial year 2020-21, according to a survey by Deloitte India. The lower salary increment, as compared to the preceding year,...
by AIP Online Bureau | Mar 4, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
New Delhi The government on Wednesday cleared more amendments to the companies law, including decriminalising various offences. As many as 72 changes to the Companies Act 2013 have been approved by the Cabinet. Briefing reporters, Corporate Affairs...
