by AIP Online Bureau | Mar 10, 2025 | Banking & Bancassurance, Indian News, Regulation, Technology
Sanjay Malhotra,Governor , RBI “We will continue to encourage innovation while promoting safety and security through soft touch regulations,” the RBI chief said and added that the central bank has adopted a soft-touch approach to regulating the payments...
by AIP Online Bureau | Mar 10, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
The cost of climate disasters may double in the 30 years through 2050, reaching a cumulative €143 billion ($155 billion), the French government said in an adaptation plan. At a briefing in Paris, Ecology Minister Agnes Pannier-Runacher said climate change is a...
by AIP Online Bureau | Mar 10, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management
In a circular on ‘Exposure to Forward Contracts in Government Securities (Bond Forwards)’, Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI’s directions and considering insurers requests for introduction of...
by AIP Online Bureau | Mar 10, 2025 | Disaster & Management, International News, Non-Life, Risk Management
The tanker, believed to be the U.S.-flagged chemical and oil products carrier MV Stena Immaculate, was at anchor at the time after sailing from Greece, according to ship-tracking site VesselFinder. The cargo vessel, Portugal-flagged container ship Solong, was sailing...
by AIP Online Bureau | Mar 10, 2025 | International News, Risk Management, Technology
During the downtime, X stopped working completely while the users were unable to post tweets or even open pages on the platform New Delhi: Elon Musk-run X went down on Monday in a massive global outage, including in India, as users were unable to access the...
by AIP Online Bureau | Mar 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“These powers are only to be executed during the course of a search or survey operation, and that too when the assessee being searched or surveyed refuses to share the passwords for digital storage drives, emails, Clouds and communication platforms such as...
by AIP Online Bureau | Mar 10, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Technology
As many as 4,30,443 crop insurance applications under the PMFBY were rejected during the Kharif 2024 season. In comparison, 2,85,468 applications were rejected during the Kharif 2023 season, the minister stated.. Since the scheme’s inception in Kharif 2016,...
by AIP Online Bureau | Mar 10, 2025 | Indian News, Non-Life, Regulation, Reinsurance
Among other issues, the meeting, the last one under chairmanship of Debasish Panda, may consider granting approvals –R2-to the first private sector reinsurance company, Value Attics Reinsurance Limited, set up by Canadian billionaire Prem Watsa’s Fairfax group...
by AIP Online Bureau | Mar 9, 2025 | Indian News, Regulation, Reinsurance
Debasish Panda, chairman, Insurance Regulatory and Development Authority The last date for applying for the top IRDAI job is Apr 6. For the new chairman of IRDAI, names of Giridhar Aramane, former Defense Secretary, Ajay Seth, Secretary, Department of Economic...
by AIP Online Bureau | Mar 9, 2025 | Data, Eco/Invest/Demography, Health
Population ageing is predicted to be the main factor driving nearly 90 per cent of the projected cases.The western Sub-Saharan Africa could be expected to see the most pronounced spike of almost 300 per cent in the cases of the disease, even as East and South Asia...
