by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Regulation
In an order, the Central Board of Direct Taxes (CBDT) said “to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025.” Reserve Bank of India (RBI) and IRDAI have...
by AIP Online Bureau | Mar 27, 2025 | Workplace/Employee Benefits
Jessica Schappell, Head of Asia Pacific, Beazley said,“Communities and businesses across Asia are experiencing the devastating and wide-ranging impact of climate risk, yet our data reveals that executives are turning their attentions to the economic uncertainties of...
by AIP Online Bureau | Mar 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation
Sanjay Malhotra, Governor, Reserve Bank of India Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system, allowed the rupee to slide, and eased restrictions on...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Policy
The move is likely to reduce the government’s future obligations and minimise risks related to gold prices. While banks paid the interest on the short-term deposits, the government paid it for the medium- and long-term ones. Banks can continue to offer...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News
“The continuous push for large-scale infrastructure projects such as hydropower, dams, roads, tunnels and railways has led to the loss of thousands of hectares of pristine forests. This has increased disaster risks, vulnerability and fatalities in the...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Technology
Risk experts are increasingly using AI to crack an especially intractable challenge: modeling hailstorms, thunderstorms and tornadoes, collectively known as severe convective storms, or SCS. Insured losses from SCS events totaled $61 billion in 2024, the...
by AIP Online Bureau | Mar 26, 2025 | Climate, Environment, Renewable Energy, International News
“We need to mobilize all available resources in extinguishing the fires for the remainder of the week as it is feared we will experience an unprecedented level of wildfire damage,” Acting President Han Duck-soo said in a national address. “They are breaking records as...
by AIP Online Bureau | Mar 26, 2025 | Indian News, Non-Life, Regulation, Risk Management, Technology
“In addition…, all regulated entities are required to establish a well-defined procedure/practice to ensure that the forensic auditor/s are empanelled in advance and can be onboarded to conduct forensics and root cause analysis of cyber incident/s without any...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
Amit Shah, Union Minister of Home Affairs and Co-operation To further strengthen the cooperative sector in India, Shah said, a cooperative insurance company will be set up soon that will provide insurance coverage to all cooperative societies in the country. He exuded...
by AIP Online Bureau | Mar 26, 2025 | Indian News, Life, Pension & Social Security, Technology
As per the deal, Wipro’s existing FCA-regulated entity Wipro Financial Outsourcing Services Limited (WFOSL) will deliver comprehensive life and pension administration services to Phoenix Group’s ReAssure customers Mumbai: IT services company Wipro on Wednesday (26)...
