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Insurers gear up for new accounting regime `Ind AS 117′

by AIP Online Bureau | Apr 15, 2018 | Indian News, Regulation

Mumbai: In a matter of two years, the Indian life insurers will have to implement a new accounting regime, known as Indian Accounting Standard (Ind AS) 117, that will sweepingly change existing format of preparing their balance sheets.   The new Ind AS 117,...

CVC wants details of frauds from banks to devise preventive mechanism

by AIP Online Bureau | Apr 15, 2018 | Indian News, Risk Management

NEW DELHI: The probity watchdog Central Vigilance Commission (CVC) has asked banks to give details of any fraud worth over Rs three crore to devise a preventive mechanism.   "Because this data is originally lying with respective banks and RBI. We felt if we...

J&J $80 Million Damages Award Could Signal More Talcum Cancer Claims

by AIP Online Bureau | Apr 15, 2018 | International News

New York: Johnson & Johnson and a talc-mining company were ordered by jurors to pay $80 million in punitive damages for hiding that their products, including J&J’s iconic baby powder, had been tainted by asbestos and posed a cancer risk.   The New...

London’s status as global Finance Center at risk from Brexit, warn leading bankers

by AIP Online Bureau | Apr 15, 2018 | Uncategorized

  London: London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies...

FPIs infuse more than Rs 39 bn in Indian debt markets in 2 weeks

by AIP Online Bureau | Apr 15, 2018 | Data

Foreign investors have pumped in Rs 39.35 billion into the Indian debt markets in the first fortnight of the month, driven by a stable currency and attractive bond yields.   Prior to that, foreign portfolio investors (FPIs) had put in over Rs 85 billion in...

PM Modi Inaugurates First Health Centre Under Ayushman Bharat Scheme

by AIP Online Bureau | Apr 15, 2018 | Health, Indian News

  Jangala (Bijapur): Prime Minister Narendra Modi inaugurated the first health centre under Ayushman Bharat Scheme here on Saturday.   He also visited Jangala Development Hub, situated in a panchayat that has emerged as a model panchayat. He interacted with...

Chatbots can change the customer service business

by AIP Online Bureau | Apr 14, 2018 | Articles, Technology

  Sales and customer support services have already undergone a sea change from how they were a decade back. With artificial intelligence and chatbots, they’re leapfrogging into another era. Chatbots are already getting into the forefront of enterprise...

PM Modi aims to increase healthcare share in GDP to 2.5 pc: Rajnath Singh

by AIP Online Bureau | Apr 13, 2018 | Health, Indian News

  NEW DELHI: Prime Minister Narendra Modi has set an aim to increase the share of healthcare sector in the country's gross domestic product (GDP) to 2.5 per cent, Union minister Rajnath Singh said today.  In his address at the Founder's Day...

50% hike in cigarette prices would add 450 mn years of life across 13 nations: study

by AIP Online Bureau | Apr 13, 2018 | Articles, Health

  A fifty percent hike in cigarette prices would lead to about 450 million years of life gained across thirteen middle-income countries, including India, from smoking cessation, a new study has claimed.   The study published in the British Medical Journal...

Water taps may completely dry up in India, warns study

by AIP Online Bureau | Apr 12, 2018 | International News, Risk Management

LONDON: Shrinking reservoirs in India, Morocco, Iraq and Spain could result in water taps going completely dry in these four countries, a study based on a new early warning satellite system has warned.   According to the developers of the new satellite early...
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