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Brazil undertakes sweeping pension sector reforms

by AIP Online Bureau | Jul 11, 2019 | Eco/Invest/Demography, International News, Pension & Social Security

Brasilia: Amid the gloom surrounding Brazil’s economy — shrinking growth forecasts, double-digit unemployment and rising public debt — Wednesday’s lower house vote to reform the pension system marks a significant step forward.   In a 379...

Record-setting heatwave and costly severe weather sweep across Europe in June

by AIP Online Bureau | Jul 11, 2019 | Disaster & Management, Eco/Invest/Demography, International News

  CHICAGO: Aon plc launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2019.   The report reveals that an outbreak of severe weather...

Volvo’s autonomous trucking offer bundles pilots, insurance, services

by AIP Online Bureau | Jul 11, 2019 | International News, Non-Life, Technology

Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment.   Driverless transportation has been hailed as a transformative revenue...

Cabinet approves Occupational Safety, Health and Working Conditions Bill, 2019

by AIP Online Bureau | Jul 11, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security

  New Delhi: The Union Cabinet on Wednesday approved a bill that seeks to merge 13 central labour laws into a single code which would apply on all establishments employing 10 or more workers.   The proposed Code on Occupational Safety, Health and Working...

Bill to fix ‘menace’ of illegal deposit schemes gets Cabinet nod: Minister

by AIP Online Bureau | Jul 10, 2019 | Eco/Invest/Demography, Indian News

New Delhi: The Cabinet on Wednesday approved a Bill that increases punishment for illegal deposit schemes, aiming to protect the poor from fraud and retrieve their money.   The Banning of Unregulated Deposit Schemes will replace the Banning of Unregulated Deposit...

Deposits in Jan Dhan accounts cross Rs 1 lakh crore

by AIP Online Bureau | Jul 10, 2019 | Eco/Invest/Demography, Indian News, Life, Non-Life

   New Delhi: Deposits in bank accounts opened under the Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark.   According to the latest Finance Ministry data, the total balance in over 36.06 crore...

Passenger vehicle sales decline by 18% in June, car sales down 25%: SIAM

by AIP Online Bureau | Jul 10, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi:  ​​​​​​Domestic passenger vehicle (PV) sales declined by 17.54 per cent to 2,25,732 units in June from 2,73,748 units in the year-ago period.   Domestic car sales were down 24.97 per cent to 1,39,628 units as against 1,83,885 units in June...

K Ganesh appointed as member, Life,IRDAI

by AIP Online Bureau | Jul 9, 2019 | Indian News, Life, Regulation

  New Delhi: The government on Tuesday appointed K Ganesh, 58, executive director, Life Insurance Corporation(LIC), as the member, Life , IRDAI.   He will be the member, IRDAI, for three years or till he reaches the age of 62.   The appointments...

80 city-centric plans coming soon to make earth green, sky blue again: Prakash Javadekar

by AIP Online Bureau | Jul 9, 2019 | Climate, Environment, Renewable Energy, Health, Indian News

  New  Delhi: Eighty city-centric action plans will be launched soon in line with the budget's focus on making "the earth green and the sky blue again", Union Minister Prakash Javadekar said July 9, highlighting that the Environment Ministry...

Cyber attacks cost $45 bn in 2018 as ransomware hits hard

by AIP Online Bureau | Jul 9, 2019 | International News, Non-Life, Reinsurance, Risk Management

An estimated two million cyber attacks in 2018 resulted in more than $45 billion in losses worldwide as local governments struggled to cope with ransomware and other malicious incidents, a study showed July 9.   The Internet Society's Online Trust Alliance,...
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