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Over 55,000 thefts reported in trains in last 3.5 years: Railways data

by AIP Online Bureau | Sep 16, 2018 | Data, Risk Management

  NEW DELHI: A total of 55,369 cases of theft and 1,570 robberies took place inside running trains in the last three and a half years, officials said on Sunday.  According to data collated by Indian Railways, between January and June this year, 9,222 cases...

Govt deactivating identification numbers of 2.1 mn directors over KYC norms

by AIP Online Bureau | Sep 16, 2018 | Indian News, Risk Management

  New Delhi: The government has started the process of de-activating the identification numbers of nearly 2.1 million directors of companies as they failed to comply with KYC norms, according to a senior official.   The Director Identification Numbers (DINs)...

Philippines channels India with ID system to get poorest on map

by AIP Online Bureau | Sep 16, 2018 | Facts, Risk Management

  Mayalyn Magracia is one of millions of undocumented Filipinos.    “Like an alien,” is how the housekeeper in Manila describes what she felt when she discovered she had no birth record.    That was over a decade ago, when Magracia...

Modified Jan Dhan: No of accounts swell to 326.1 mn; Rs 12.66 bn increased

by AIP Online Bureau | Sep 16, 2018 | Indian News, Policy

  New Delhi: As many as 2 million people have joined the modified Pradhan Mantri Jan Dhan Yojna (PMJDY), taking the total number of account holders in the flagship financial inclusion programme to 326.1 million as on September 5, according to finance ministry...

Hospitals can’t detain patients, bodies over payment disputes: draft Patient Charter

by AIP Online Bureau | Sep 16, 2018 | Health, Indian News

  New Delhi: Not discharging a patient or declining to hand over a body to relatives by hospitals over payment disputes may soon become an offence if a charter on patients’ rights released by the Union Health Ministry comes into force.   According to...

No government approval needed for compensation of top executives

by AIP Online Bureau | Sep 15, 2018 | Uncategorized

  New Delhi: Public companies no longer require government approval for paying salaries beyond certain thresholds to their managerial personnel under the companies law, according to a communication.   Relaxing the norms, the Corporate Affairs Ministry...

Frame rules to auction uninsured vehicles in accidents to pay victims: SC

by AIP Online Bureau | Sep 15, 2018 | Indian News

  New Delhi: The Supreme Court Thursday directed all states to frame rules to allow selling of uninsured vehicles involved in accidents to pay compensation to the victims.   The prevalent rules do not allow selling of the uninsured vehicles making it...

French insurer Covea examining new approach to Scor takeover: sources

by AIP Online Bureau | Sep 15, 2018 | International News, Reinsurance

  PARIS:- Unlisted French cooperative insurer Covea is working on a new approach to its planned takeover of reinsurer Scor after its friendly 8.2 billion euro ($9.5 billion) offer was rejected last month, two sources close to the deal said on Friday.  ...

India did remarkably well in lifting millions out of poverty: UN report

by AIP Online Bureau | Sep 15, 2018 | Indian News

  New Delhi: India climbed one spot to 130 among 189 countries in the latest human development index released Friday by the United Nations Development Programme. Within South Asia, India's human development index (HDI) value is above the average of 0.638 for...

IRDAI Board to meet on Sep 27, to review reinsurance regulations

by AIP Online Bureau | Sep 14, 2018 | Indian News, Regulation, Reinsurance

  New Delhi: The board of insurance regulator IRDAI will meet on Sep 27 to decide on the new reinsurance regulations and approvals of licenses for a few new players. The last board meeting of IRDAI held on June 29 couldn’t find time for...
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