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Govt revises rules for enhanced disclosures in auditor reports of companies

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, Indian News, Policy

   New Delhi: Auditors will soon be required to provide details about companies' defaults on borrowings in a prescribed format as well as ensure disclosure of various other information in their reports, with the government putting in place a stricter...

Climate Risk:Singapore prepares itself with $72B Defense Plan

by AIP Online Bureau | Feb 26, 2020 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography

  Singapore has a reputation for planning ahead. When it comes to climate change, it’s planning for the worst.   While governments around the world are struggling to meet the goals of the Paris agreement — keeping the global temperature increase...

Markets are overreacting to threat of Coronavirus: Allianz CEO Baete

by AIP Online Bureau | Feb 26, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe’s biggest insurer.   Chief Executive Officer Oliver Baete said the firm was more...

Hong Kong to give big cash handouts as economy reels from virus

by AIP Online Bureau | Feb 26, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

The Hong Kong government on February 26 said it will give HK$10,000 ($1,280) handout to seven million permanent residents in a bid to jump-start a recession-hit economy now compounded by the coronavirus (COVID-19) outbreak.   Financial Secretary Paul Chan...

Proposed IPO of LIC to benefit insurance industry: Fitch

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, Indian News, Life

New Delhi: The proposed initial share sale of LIC will improve the accountability and transparency of the country's largest insurer and benefit the insurance industry, Fitch Ratings said on Wednesday. The benefits may trickle down to the entire domestic insurance...

PFRDA likely to add 10-12 new subscribers by fiscal-end: new Chairman

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, Indian News, Pension & Social Security

New Delhi: Pension Fund Regulatory and Development Authority of India is expected to add around 10-12 lakh new subscribers to its two pension schemes in the current fiscal ending March, newly-appointed Chairman Supratim Bandhopadhyay said on Wednesday. By March-end,...

How deadly is new coronavirus? It maybe too early to tell

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, Facts, Health

  Washington: Scientists can’t tell yet how deadly the new virus that’s spreading around the globe really is — and deepening the mystery, the fatality rate differs even within China.   As infections of the virus that causes COVID-19 surge...

Coronavirus pandemic inevitable, U.S. warns as disease spreads across globe

by AIP Online Bureau | Feb 26, 2020 | Uncategorized

SHANGHAI/SEOUL: Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected, as the United States warned of an inevitable pandemic, and outbreaks in Italy and Iran spread to more countries.World stocks tumbled for the...

New Delhi is world’s most polluted capital for second straight year: Study

by AIP Online Bureau | Feb 26, 2020 | Eco/Invest/Demography, Health, Indian News

NEW DELHI : New Delhi was the world's most polluted capital city for the second straight year in 2019, according to a Swiss-based group that gathers air-quality data globally. India was also home to 21 of the world's 30 most polluted cities, IQ AirVisual said...

DPIIT notifies 100% FDI in insurance intermediaries under automatic route

by AIP Online Bureau | Feb 26, 2020 | Indian News

  New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday notified the government's decision to allow 100 per cent foreign direct investment (FDI) in insurance intermediaries.   Intermediary services include insurance...
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