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IRDA forms panel to standardise Title Insurance products

by AIP Online Bureau | Oct 3, 2019 | Indian News, Non-Life, Regulation

  Hyderabad: The IRDAI om Thursday has constituted a working group under TR Alamelu, member, IRDAI, to revisit the product structure of Title Insurance. The feedback received from the Government of India reveals that the stakeholders, especially the...

Google faces $3.9B iPhone privacy lawsuit after London court reinstates case

by AIP Online Bureau | Oct 3, 2019 | Eco/Invest/Demography, International News, Risk Management, Technology

London: A U.K. lawsuit filed against Google by millions of iPhone users over data-collection claims was given the go-ahead by London appeals judges who overturned an earlier ruling that had thrown out the case.   The group, known as Google You Owe Us, were...

IRDAI slaps Rs 15 lakh penalty against Shriram Transport Finance

by AIP Online Bureau | Oct 3, 2019 | Indian News, Intermediaries, Life, Regulation

  Hydearbad: The insurance regulator, IRDAI has slapped a penalty of Rs. 15 lakhs against Shriram Transport Finance Company, a corporate agent(CA) of Shriram Life, for violating the corporate agency norms.   It was observed that 983 policies were solicited...

Favourable conditions exist to achieve $5 trillion economy target: Official

by AIP Online Bureau | Oct 3, 2019 | Eco/Invest/Demography, Indian News

  NEW DELHI: With a strong policy driven government at the Centre, favourable conditions exist in India to achieve the target of USD 5 trillion economy by 2024, a top government official said on Thursday.   "We in India are in cusp of a great...

An India-Pakistan nuclear war could kill millions, threaten global starvation

by AIP Online Bureau | Oct 3, 2019 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Facts

  A nuclear war between India and Pakistan could, over the span of less than a week, kill 50-125 million people—more than the death toll during all six years of World War II, according to new research.   A new study conducted by researchers from the...

World’s largest banks lagging in sustainable finance: Report

by AIP Online Bureau | Oct 3, 2019 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Facts

Despite pressure from activists, investors and governments, the majority of world's 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue to finance fossil fuels, according to new findings by the...

At $20K a year, US health insurance costs undermine job-based health insurance

by AIP Online Bureau | Oct 2, 2019 | Eco/Invest/Demography, Health, International News

  The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force them out of the insurance market...

Monsoon forecast contrary to initial prediction: IMD for detailed analysis

by AIP Online Bureau | Oct 2, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

New Delhi: As the four-month rainfall season ended with "above normal" monsoon, initial predictions by the India Meteorological Department and the private forecaster Skymet Weather were found to be contrary to the outcome.   While IMD in April had said...

India shelves plan on countrywide ban on single-use plastic products

by AIP Online Bureau | Oct 2, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management

  New Delhi; India has held off imposing a blanket ban on single-use plastics to combat pollution, officials said on Tuesday, a measure seen as too disruptive for industry at a time when it is coping with an economic slowdown and job losses.he plan was for Prime...

Snapdeal sees over 90% orders coming from non-metro locations

by AIP Online Bureau | Oct 2, 2019 | Eco/Invest/Demography, Indian News

New Delhi: E-commerce marketplace Snapdeal is witnessing strong demand from tier II and III cities, with nearly 92 percent of its orders coming from non-metro locations. The trend is in sync with other larger platforms like Amazon.in and Walmart-owned Flipkart that...
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