by AIP Online Bureau | Sep 7, 2018 | Indian News, Regulation, Risk Management
Mumbai: The Reserve Bank of India has imposed a Rs 10 million penalty on Union Bank of India for failing to detect and report fraud on time. "This is to inform that Reserve Bank has imposed a penalty of Rs 10 million on the bank for delay in...
by AIP Online Bureau | Sep 6, 2018 | Climate, Environment, Renewable Energy, International News
New York: UN Secretary General Antonio Guterres cited the devastating floods in Kerala and the wildfires in California as he expressed concern that climate change is "running faster than we are” and called for urgency and action to prevent ever...
by AIP Online Bureau | Sep 6, 2018 | International News, Reinsurance
OLDWICK: The first five positions in A.M. Best’s annual ranking of the Top 50 Global Reinsurance groups experienced some reshuffling in 2017, most notably in the top spot as Munich Reinsurance Company reclaimed the No. 1 position from Swiss Re Ltd....
by AIP Online Bureau | Sep 6, 2018 | Health, Indian News
Hyderabad: The insurance regulator IRDAI has suspended its earlier order asking insurers to cover genetic disorder diseases after the Supreme Court stayed the Delhi High Court verdict that had favoured providing covers to such diseases. Delhi...
by AIP Online Bureau | Sep 5, 2018 | Facts, Health
New data published in The Lancet Global Health today show that more than one in four adults globally (28% or 1.4 billion people) are physically inactive. However this can be as high as one in three adults inactive in some counties. The paper, authored by...
by AIP Online Bureau | Sep 5, 2018 | Articles, Risk Management
The global financial crisis remains one of the defining events of our time. It will forever mark the generation that lived through it. The fallout from the crisis—the heavy economic costs borne by ordinary people combined with the anger at seeing banks...
by AIP Online Bureau | Sep 5, 2018 | Indian News
New Delhi: The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley...
by AIP Online Bureau | Sep 5, 2018 | Indian News
NEW DELHI: "Life is priceless" and no court can value it in monetary terms, the Supreme Court observed Wednesday while dealing with a matter related to compensation scheme for victims of sexual assault and acid attacks. The observation by a...
by AIP Online Bureau | Sep 5, 2018 | Facts, Technology
Rise of frontier technologies like Artificial Intelligence has caused fears of robots taking over blue-collar jobs, but a UN expert says mass unemployment is not expected as humans still have the upper hand given their creative abilities. Ekkehard Ernst,...
by AIP Online Bureau | Sep 5, 2018 | Indian News
Mumbai: The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with...
