by AIP Online Bureau | Dec 25, 2017 | Indian News
New Delhi: Indian airlines are likely to induct more than 900 aircraft in the coming years, with IndiGo alone expected to add 448 planes, according to official data.India is one of the fastest growing aviation markets in the world and most airlines have ambitious...
by AIP Online Bureau | Dec 24, 2017 | Indian News, Risk Management
NEW DELHI: Derailments – both on and off tracks – marked 2017 for the Indian Railways. While the Narendra Modi government's first railway minister Suresh Prabhu resigned after back-to-back train accidents, officers too saw their work...
by AIP Online Bureau | Dec 24, 2017 | Articles, Risk Management
Chubb Ltd, best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied to claims from ransomware attacks. The firms attribute much of that to the surging price of bitcoin, the currency of choice for online...
by AIP Online Bureau | Dec 24, 2017 | Articles
The death toll from a tropical storm in the southern Philippines rose to 182 early on Sunday, with 153 people still missing, police said, after rescuers pulled dozens of bodies from a swollen river. Tropical Storm Tembin has lashed the nation's second- largest...
by AIP Online Bureau | Dec 24, 2017 | Articles, Health
London: Santa Claus is adored by youngsters the world over, but he could be setting a bad example when it comes to his physical health and mental well being, according to UK doctors. Centuries of sherry-drinking, eating mince pies and working night shifts could...
by AIP Online Bureau | Dec 23, 2017 | Indian News
New Delhi: Prescribing body wearable cameras for traffic policemen and RTO officials enforcing the Motor Vehicles Act, a parliamentary panel has said it will check corruption and reduce arbitrariness by enforcement agencies. A 24-member Select Committee...
by AIP Online Bureau | Dec 22, 2017 | Indian News, Risk Management
NEW DELHI: Banks lost a whopping Rs 16,789 crore on account of frauds in the last fiscal, the finance ministry said in the Lok Sabha today. The Reserve Bank has informed that as per the fraud monitoring reports submitted by the scheduled commercial banks and...
by AIP Online Bureau | Dec 22, 2017 | Indian News
NEW DELHI: The government expects Motor Vehicle (Amendment) Bill to be cleared in the Rajya Sabha during the ongoing session of Parliament, Union minister Nitin Gadkari said today. We are expecting in this Parliament session it will be cleared in Rajya...
by AIP Online Bureau | Dec 21, 2017 | International News, Reinsurance
Mumbai: Finalising its much awaited plans to set up a Syndicate at Lloyd’s of London, GIC Re has initially partnered with Ironshore’s Pembroke Managing Agency (Pembroke) to establish and manage the proposed Syndicate. The Lloyd’s...
by AIP Online Bureau | Dec 20, 2017 | Articles
Income inequality in India has increased since deregulation started in the 1980s, with the top 10 per cent of earners accounting for 55 per cent of the national wealth in 2016, according to a global research report released on Wednesday. The India-specific...
