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SBI Life gets GST demand notice of Rs 239 crore

by AIP Online Bureau | Aug 22, 2024 | Briefs, Life, Policy

SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20. The company has received an order for interest and penalty from the Deputy Excise...
OMAC is hull insurance carrier for sunken yacht in Sicily

OMAC is hull insurance carrier for sunken yacht in Sicily

by AIP Online Bureau | Aug 22, 2024 | International News, Non-Life, Reinsurance, Risk Management

The global yacht insurance market has faced significant challenges in recent years, largely due to natural disasters like Hurricane Maria in 2017 and Hurricane Ian in 2022, which devastated numerous charter bases and hundreds of yachts Yacht insurance provider OMAC is...
IRDAI forms task force to address challenges and drive growth in surety bond market

IRDAI forms task force to address challenges and drive growth in surety bond market

by AIP Online Bureau | Aug 22, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management

Debasish Panda, chairman, IRDAI “Surety bonds play a crucial role in supporting India’s infrastructure development. By addressing the challenges and fostering collaboration, we can unlock the full potential of this valuable financial instrument. Today’s...
Words in emails social media posts lowering dignity of woman an offence says HC

Words in emails social media posts lowering dignity of woman an offence says HC

by AIP Online Bureau | Aug 22, 2024 | Indian News, Risk Management, Technology

“Advent of modern technology has opened up a wide spectrum of means to communicate an insult. When an e-mail containing objectionable content likely to outrage the modesty of a woman stares at her, can we permit the perpetrator to walk away undaunted, simply...
SC concerned over inhuman working hours of doctors says NTF will consider it

SC concerned over inhuman working hours of doctors says NTF will consider it

by AIP Online Bureau | Aug 22, 2024 | Health, Indian News, Workplace/Employee Benefits

“We are deeply concerned about the inhuman working hours of resident doctors across the country. Some doctors work 36-hour shifts.The committee appointed should look into streamlining the on-duty hours of all doctors. The 36 or 48 hour shifts are just inhuman,”...
Govt announces simplified norms for seaplane operations

Govt announces simplified norms for seaplane operations

by AIP Online Bureau | Aug 22, 2024 | Data, Eco/Invest/Demography, Policy, Regulation, Technology

The government plans to set up water aerodromes at 18 places spread across Andaman & Nicobar, Lakshadweep, Goa, Assam, Andhra Pradesh and Himachal Pradesh New Delhi: The civil aviation ministry on Thursday announced simplified regulations for seaplane operations,...

India economic momentum remains intact, set to achieve 6.5-7 pc growth: Finmin Report

by AIP Online Bureau | Aug 22, 2024 | Eco/Invest/Demography, Indian News, Policy

“Inflation is moderating, and exports of both goods and services are doing better than they did last year. Stock markets are holding on to their levels. Foreign direct investment is looking up as gross inflows are rising,” it said New Delhi: India’s...
APAC: Climate change response held back by insufficient data

APAC: Climate change response held back by insufficient data

by AIP Online Bureau | Aug 22, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, International News, Non-Life, Reinsurance, Risk Management

“The deadly heat waves and catastrophic floods we’ve seen in recent months show us what’s at stake. We need high-quality data and robust statistical capacity to avoid policy blind spots and make sure our strategies for tackling the climate crisis are well-informed....

Can Mpox virus spread through air like Covid-19?

by AIP Online Bureau | Aug 22, 2024 | Data, Health, Risk Management

“This suggests that respiratory droplets might play a role in transmission. That being said, it’s considered to play a lesser role in transmission dynamics as compared to direct intimate contact and sexual contact which are the primary modes of transmission,”...
IRDAI, insurers and  IIM-Kozhikode organise 3-day strategic meet in Mumbai from today

IRDAI, insurers and IIM-Kozhikode organise 3-day strategic meet in Mumbai from today

by AIP Online Bureau | Aug 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Reinsurance

Debasish Panda,chairman, IRDAI Recently, IRDAI chairman Debasish Panda had led a team of CEOs of Indian insurance industry including reinsurers (Foreign Reinsurance Branches) to some of the European countries and had met the top officials of large re/insurance...
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