by AIP Online Bureau | Jun 25, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: The government has approved the Motor Vehicles (Amendment) Bill that proposes hefty penalties for violating traffic norms including Rs 10,000 fine for not giving way to emergency vehicles and an equal penalty for driving despite disqualification, an...
by AIP Online Bureau | Jun 25, 2019 | Indian News, Non-Life
Sydney: Insurance Australia Group(IAG) on Tuesday said it has held talks with external parties on the potential sale of all or part of its 26 per cent stake in India’s SBI General Insurance Company. Australia’s second-largest insurer by...
by AIP Online Bureau | Jun 25, 2019 | Eco/Invest/Demography, International News
The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum. So-called war risk premiums for a standard oil cargo from the Persian Gulf and the tanker hauling it can now cost...
by AIP Online Bureau | Jun 25, 2019 | Eco/Invest/Demography, International News, Non-Life, Risk Management
LONDON/NEW YORK : Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums for marine insurance, which...
by AIP Online Bureau | Jun 24, 2019 | Indian News, Non-Life, Risk Management
NEW DELHI: Universal smart card driving licences are on the anvil, the government said Monday. "The Ministry of Road Transport and Highways … has decided to modify the format of driving licences to laminated card without chip or smart card type driving...
by AIP Online Bureau | Jun 24, 2019 | Eco/Invest/Demography, Indian News
NEW DELHI: The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Minister of State for Finance Anurag Thakur informed the Lok Sabha on Monday. Thakur was replying...
by AIP Online Bureau | Jun 24, 2019 | Eco/Invest/Demography, Indian News
New Delhi: India's annual monsoon rains have covered nearly half of the country and conditions are favourable for further advancement into the central and western parts this week, a weather department official said on Monday. The monsoon's...
by AIP Online Bureau | Jun 24, 2019 | Indian News, Life
Mumbai: State owned life insurance behemoth Life Insurance Corporation (LIC) might have lost its market share during 2018-19 but has earned a record profit of Rs 23,621 crores from its equity investment during the year. It had a gross equity...
by AIP Online Bureau | Jun 23, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life
Boston: One more insurance company. Liberty Mutual Insurance Co. has decided not to insure a controversial $16.5bn Carmichael coal mine in Australian, developed by Indian businessman Gautam Adani. However, media report suggests that but the...
by AIP Online Bureau | Jun 23, 2019 | Eco/Invest/Demography, Indian News
New Delhi: Industry body CII Sunday said states should have the power to determine minimum wages as the concept of a national minimum wage will affect job creation. According to sources, the labour ministry is likely to seek Cabinet approval for the Code on...
