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Corporate Affairs Ministry mulls proposal to collect passport details of directors

by AIP Online Bureau | Mar 18, 2018 | Indian News, Risk Management

New Delhi: Ministry of Corporate Affairs is considering a proposal to seek passport details of all individuals, who have permitted to serve as directors on the board of companies in a bid to prevent loan defaulters like Nirav Modi and Mehul Choksi leaving the...

Facebook: Zuckerberg deploys ‘secret police’ to punish information leakers

by AIP Online Bureau | Mar 17, 2018 | Facts, Risk Management

Facebook CEO Mark Zuckerberg has reportedly deployed "secret police" to catch and punish information leakers at his company.   According to a report in The Guardian, an unnamed employee was called to a meeting in 2017 under the guise of a promotion....

India:Protecting personal details in Aadhaar

by AIP Online Bureau | Mar 17, 2018 | Data, Risk Management

The UIDAI on Saturday asked people to take "due precautions" while sharing their personal information such as Aadhaar on the internet for availing any service.   Playing down reports ofAadhaar pdf being allegedly available through Google search query of...

Climate change heightens key risks for P&C insurance, reinsurance sectors: Moody’s

by AIP Online Bureau | Mar 17, 2018 | Articles, Climate, Environment, Renewable Energy

Climate change creates significant challenges for the property and casualty (P&C) insurance and reinsurance sectors and has a net negative credit impact on the industry, Moody's Investors Service says in a new report. To a lesser degree, climate change also...

SAT asks IRDA to reprobe kickback allegations against Marsh India Insurance Brokers

by AIP Online Bureau | Mar 17, 2018 | Indian News, Regulation

  Mumbai: Setting aside an earlier order by the IRDAI,.the Securities Appellate Tribunal (SAT) has asked the insurance regulator to pass a fresh order on a case involving alleged financial irregularities in awarding insurance broking contract to...

Vehicle scrap policy gets go ahead at PMO meet; over 20-yr old CVs to face axe

by AIP Online Bureau | Mar 16, 2018 | Indian News

  New Delhi: The much-awaited vehicle scrap policy was given 'in-principle' approval at a high-level meeting at the PMO to pave way for mandatorily disposal of commercial vehicles (CV) that are more than 20 years old from April 1, 2020, an official...

GIC Re’s new Lloyd’s Syndicate to begin ops in Apr

by AIP Online Bureau | Mar 16, 2018 | International News, Reinsurance

  Mumbai: State owned GIC Re’s new international venture ‘GIC Syndicate 1947’,a new Syndicate in Lloyd’s,set to begin its operations from April, in accordance with the Lloyd’s agreed business plan, after receiving...

32 per cent Indians blame technology as a major sleep distraction

by AIP Online Bureau | Mar 15, 2018 | Facts, Trends, Facts

  NEW DELHI: Indians are missing on good sleep due to distractions by technology but would also not mind prioritising exercise over a deep slumber, shows a survey.    According to a global survey by Philips, 32 per cent Indian adults report technology...

90% bottled water brands contaminated globally

by AIP Online Bureau | Mar 15, 2018 | International News, Risk Management

WASHINGTON: With a market value of nearly $150 billion per year, bottled water from leading brands, including from India, have been found to be 90 per cent contaminated by microplastics, posing potential harm to humans, a report has said.    The report, led...

LS passes bill on damages for breach of contract

by AIP Online Bureau | Mar 15, 2018 | Indian News, Policy

  New Delhi: A bill proposing to grant a party the right to seek damages from the other side in case of a breach of a business contract and to reduce discretion of courts in such matters was passed by the Lok Sabha today amid din.  The House passed The...
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