by AIP Online Bureau | Jan 28, 2018 | Uncategorized
Foreign investors have pumped in a staggering $3 billion (nearly Rs 18,000 crore or Rs 180 billion) into the country's capital markets this month so far on the expectation of recovery in corporate earnings and attractive yields. This comes following an...
by AIP Online Bureau | Jan 28, 2018 | Indian News, Regulation
NEW DELHI: nsurance regulator Irdai will hire consultancy services for implementation of risk based capital (RBC) regime with an aim to enhance protection of policyholders. The decision to move to the RBC norms from the current solvency principle regime...
by AIP Online Bureau | Jan 28, 2018 | Data
The labour ministry will begin a drive in April to register around 470 million unorganised sector workers and provide them a card, Unorganised Worker Index Number, bringing them under the social security net, an official source said. The ministry wants to complete the...
by AIP Online Bureau | Jan 27, 2018 | Data
The direct benefit transfer (DBT) mechanism in various government schemes have helped the government save around Rs 650 billion (over $10 billion), NITI Aayog CEO Amitabh Kant said."All government schemes should be linked to DBT, or else corruption cannot...
by AIP Online Bureau | Jan 27, 2018 | Indian News
Mumbai: US based A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of the state owned New India Assurance Company, the largest general insurer in India. The outlook of these Credit Ratings...
by AIP Online Bureau | Jan 26, 2018 | Data, Risk Management
MUMBAI: lthough suburban railway is considered the lifeline of Mumbai, it is increasingly becoming a 'death trap' for commuters as over 3,000 people lost their lives in train accidents in the city last year, an RTI query has revealed. According to data...
by AIP Online Bureau | Jan 25, 2018 | Indian News
DAVOS: India is seeing a huge surge in the net inflows into financial savings and has reached nearly Rs 28 lakh crore in the last 18 months — an amount equivalent to entire GDP of countries like Thailand, top banker Chanda Kochhar has said. ...
by AIP Online Bureau | Jan 25, 2018 | Indian News
Mumbai: Chennai based state owned United India Insurance(UII) is set to raise Rs 900 crores soon through subordinated debt to improve its solvency ratio that has fallen below the required regulatory level of 1.5 per cent. This is the largest amount any...
by AIP Online Bureau | Jan 25, 2018 | Indian News, Intermediaries
Hyderabad: IRDAI Chairman TS Vijayan said the much awaited new insurance broking regulations would be unveiled `very soon’ as they have already been sent for publication in the government gazette. "About ownership, partnership, all these...
by AIP Online Bureau | Jan 24, 2018 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Chicago: Aon Benfield's Weather, Climate & Catastrophe Insight: 2017 annual Report reveals that there were 330 natural catastrophe events in 2017 that generated economic losses of USD353 billion – of which 97 percent (USD344 billion) was due to...
