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Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU

by AIP Online Bureau | Aug 8, 2018 | International News, Policy, Risk Management

  London: Britain must avoid tying Brussels up in red tape or antagonizing its soon to be former European Union partners and the United States if it is to maintain access to the bloc’s financial services market after Brexit.   At risk is...

Arun Jaitley to resume office in third week of August

by AIP Online Bureau | Aug 8, 2018 | Indian News

  New Delhi: Arun Jaitley, who stepped aside as finance minister in May to undergo a kidney transplant, is likely to resume office in the third week of this month, sources said.   Jaitley, 65, who stopped attending office at the beginning of April, underwent...

IDBI Bank gets govt nod for acquisition by LIC

by AIP Online Bureau | Aug 8, 2018 | Indian News

  New Delhi: IDBI Bank today said it has received approval to bring down the government stake to below 50 percent and get acquired by insurance behemoth LIC. Earlier this month, the Union Cabinet had approved Life Insurance Corp's proposed acquisition of up...

Outgo on pension to exceed salary payment this fiscal: Finance Ministry

by AIP Online Bureau | Aug 7, 2018 | Indian News, Pension & Social Security, Policy

  New Delhi: The government's outgo on pension will exceed the expenditure on salaries by nearly Rs 10,000 crore in the current financial year, and the trend will continue for two more years till March 2021, a Finance Ministry document said today.   As...

Indian banks take about Rs 70,000-crore hit due to frauds in last three fiscals

by AIP Online Bureau | Aug 7, 2018 | Indian News, Risk Management

  New Delhi: Indian banks reported a total loss of about Rs 70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed today.   The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for...

Modicare:OIC bags Guj & Daman, Raligare gets Chhatishgarh   

by AIP Online Bureau | Aug 7, 2018 | Health, Indian News

  New Delhi: After Nagaland, two more states, Gujarat,Chattishgarh and union territory Daman & Diu have finalised their mode of  participation in the National Health Protection Mission(NHPM).   Gujarat,and Chattishgarh, which have chosen hybrid...

Earth heading towards irreversible “hothouse” state: Study

by AIP Online Bureau | Aug 7, 2018 | Climate, Environment, Renewable Energy, International News

  London: Our planet is at the risk of entering an irreversible 'hothouse' condition – where the global temperatures will rise by four to five degrees and sea levels may surge by up to 60 metres higher than today – even if targets under the...

MSIG Insurance-Plug&Play partnership to promote innovation through Startups

by AIP Online Bureau | Aug 7, 2018 | International News, Technology

  Singapore: MSIG Insurance, a leading general insurer in Asia, announced today that it has entered into a strategic partnership with Plug and Play, a global startup accelerator and corporate innovation platform, to promote innovation within the general insurance...

Apple, and Swiss Re collaborate to accelerate Renewable Energy Development in US

by AIP Online Bureau | Aug 7, 2018 | Climate, Environment, Renewable Energy, International News

  NEW YORK: Apple, Akamai, Etsy and Swiss Re today announced an agreement to develop two new wind and solar energy farms in Illinois and Virginia. Spearheaded by Apple, the new projects will generate 290 megawatts to the PJM electric grid serving much of the...

Dust from Sahara Desert Moves West, Puts Brakes on Atlantic Hurricanes

by AIP Online Bureau | Aug 6, 2018 | International News

  Atlantic storm watchers are going to have a hard time seeing the ocean, never mind any tropical systems, as another Saharan swirl of dust from Africa is moving west. The dust, a marker for dry air, has spread out across the Atlantic and “that is really...
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