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NGT kept close watch on environmental concerns, issued several orders in 2024

by AIP Online Bureau | Dec 31, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy

The maintenance of the pristine sanctity of venerated rivers, including the Ganga and Yamuna, particularly in the light of the upcoming Mahakumbh in Prayagraj was another concern before the green body New Delhi: The National Green Tribunal dealt with a wide range of...
Gold set to extend record run; may hit Rs 90,000 in 2025 on global cues

Gold set to extend record run; may hit Rs 90,000 in 2025 on global cues

by AIP Online Bureau | Dec 31, 2024 | Data, Wealth Management/ Philanthropy

Gold price is hovering at Rs 79,350 per 10 grams in spot markets at present, and Rs 76,600 per 10 grams in futures trade on the Multi Commodity Exchange (MCX) NEW DELHI: Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising...
World population will be 8.09 billion on New Year’s Day after a 71 million increase in 2024

World population will be 8.09 billion on New Year’s Day after a 71 million increase in 2024

by AIP Online Bureau | Dec 31, 2024 | Eco/Invest/Demography, International News

The 0.9% increase in 2024 was a slight slowdown from 2023, when the world population grew by 75 million people. In January 2025, 4.2 births and 2.0 deaths were expected worldwide every second, according to the estimates New York: The world population increased by more...
Fadnavis asks transport department to use AI for road safety measures

Fadnavis asks transport department to use AI for road safety measures

by AIP Online Bureau | Dec 31, 2024 | Indian News, Policy, Risk Management, Technology

Maharashtra Chief Minister Devendra Fadnavis directed the state transport department to enforce policies for scrapping all vehicles above 15 years of age. The Maharashtra government has signed an agreement with Google, to increase the use of AI to strengthen the...
South Korea’s Jeju Air crash insured by Samsung Fire & Marine and 4 others, reinsured by AXA XL

South Korea’s Jeju Air crash insured by Samsung Fire & Marine and 4 others, reinsured by AXA XL

by AIP Online Bureau | Dec 30, 2024 | International News, Non-Life, Reinsurance

The aviation insurance industry could be looking at a claim for about $15-$20 million under the airline hull insurance policy, and total passenger liability claims of $120-$180 million due to the crash, according to Marcos Alvarez, managing director of global...

South Korea orders airline safety probe after worst domestic crash kills 179

by AIP Online Bureau | Dec 30, 2024 | International News, Non-Life, Reinsurance, Risk Management

Investigators are examining bird strikes, whether any of the aircraft’s control systems were disabled, and the apparent rush by the pilots to attempt a landing soon after declaring an emergency as possible factors in the crash, fire and transportation officials have...

SBI Life picks up 10 pc stake in Bima Sugam India Federation for Rs 6.6 cr

by AIP Online Bureau | Dec 30, 2024 | Indian News, Life, Non-Life, Technology

Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to create and operate a centralised marketplace of insurance products and services. It is currently in the process of mobilising over Rs 200 crore of capital from both life and...

Airlines to mandatorily share int’l passenger data with customs from Apr 1

by AIP Online Bureau | Dec 30, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

Details ranging from mobile number, and payment mode to travel itinerary need to be shared with the authorities 24 hours before the departure of an international flight New Delhi: Airlines will have to mandatorily share details of foreign travellers with the Indian...
Prospects of economy expected to improve in 2025: RBI Governor

Prospects of economy expected to improve in 2025: RBI Governor

by AIP Online Bureau | Dec 30, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

“We continue to secure and anchor public trust and confidence to support India’s aspirational goals. We remain committed to developing a modern financial system that is customer-centric, technologically leveraged and financially inclusive,” the new RBI...

Health insurers disallowed claims worth Rs 15,100 cr during FY24

by AIP Online Bureau | Dec 30, 2024 | Health, Indian News, Non-Life, Regulation

Insurers repudiated claims amounting to Rs 10,937.18 crore (9.34 per cent) while outstanding claims totalled Rs 7,584.57 crore (6.48 per cent), said the annual report 2023-24 of Insurance Regulatory and Development Authority of India New Delhi: Health insurers...
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