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China’s Coronavirus deaths, infections rise; supply chains, production,travel disrupted

by AIP Online Bureau | Feb 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  China’s fast-moving coronavirus spread among passengers of a quarantined Japanese cruise liner on Thursday and dragged down production at more global businesses, as scientists across the world searched for a vaccine.   The death toll from the virus...

Merger process major challenge for PSBs in near future: SBI Chairman

by AIP Online Bureau | Feb 6, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Mumbai: State Bank of India chairman Rajnish Kumar on Thursday said one of the major challenges for public sector banks in the near future is the merger process.   In August last year, Finance Minister Nirmala Sitharaman had announced merger of 10 banks. Kumar...

Female genital mutilation exacts a crippling economic & human cost:WHO

by AIP Online Bureau | Feb 6, 2020 | Eco/Invest/Demography, Facts, Health

  Geneva: Female genital mutilation (FGM) exacts a crippling economic as well as human cost, according to World Health Organization (WHO).   “FGM is not only a catastrophic abuse of human rights that significantly harms the physical and mental health...

International community launches a $675 mn preparedness and response plan to fight coronavirus

by AIP Online Bureau | Feb 6, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Geneva: To fight further spread of the new coronavirus (2019-nCoV) outbreak in China and globally, and protect states with weaker health systems, the international community has launched a US$675 million preparedness and response plan covering the months of February...

RBI holds rates steady, raise deposit insurance rate marginally

by AIP Online Bureau | Feb 6, 2020 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

  MUMBAI: The Reserve Bank of India (RBI) held rates steady on Thursday in a bid to combat inflation that has accelerated to its highest levels in more than five years, but the central bank retained its accommodative monetary policy stance as growth remains...

No proposal to link social media profiles with Aadhaar, govt tells Lok Sabha

by AIP Online Bureau | Feb 6, 2020 | Eco/Invest/Demography, Facts, Technology

New Delhi: The government on Wednesday said there is no proposal to link social media profiles of users with their Aadhaar numbers and asserted that steps are being taken to curb spreading of fake news and pornography through social media platforms.   Electronics...

Max Life’s net profit at Rs 154 cr, up 92 % in Q3 FY2020

by AIP Online Bureau | Feb 6, 2020 | Indian News, Life, Technology

  New Delhi:  Max Life Insurance reported a 14 per cent growth in its revenue to reach Rs 4,688 crore in Q3 ending in Dec 19. The shareholders’ profit after tax for Q3FY20 grew by 92 per cent to Rs 154 crore due to one-off gain from...

Nations stepping up scrutiny of vessels, trains, shipping from China

by AIP Online Bureau | Feb 5, 2020 | Eco/Invest/Demography, International News

  Vessels and trains coming from China are in focus as nations take steps to halt the spread of a deadly coronavirus that originated in the world’s second-biggest economy. Here’s a roundup of some of the latest efforts by authorities globally,...

3 PSU general insurers to get merged by March-end: Finance Secretary

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

New Delhi: After providing some capital, the government aims to complete merger of three state-owned general insurance companies — National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd — by the end of March, Finance...

Few states debar 4 insurers from PMFBY due to complaints: Govt

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

  New Delhi: The Centre on Tuesday told Parliament that some state governments like Rajasthan, Karnataka and Gujarat have debarred four insurance firms — SBI General Insurance, Tata AIG, Shriram General Insurance and UIIC — from participating in...
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