by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
While presenting the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman said the government will provide incentives to 30 lakh youth entering the job market by providing one month’s PF (provident fund) contribution Central government will give one...
by AIP Online Bureau | Jul 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management
Presenting her seventh straight budget, Sitharaman said the government undertakes comprehensive review of research to develop climate-resilient seeds. In the next two years, one crore farmers will be initiated in natural farming,Finance Minister Nirmala Sitharaman New...
by AIP Online Bureau | Jul 23, 2024 | Indian News, Non-Life, Policy, Reinsurance
Ministry of Finance is yet to receive any proposals on wage revision of employees of six general insurers from the GIPSA, the coordinating agency for PSU general insurers,Pankaj Chaudhary, minister of state, Ministry of Finance said in Lok Sabha on Monday New Delhi:...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
There were eight acts of piracy and hijackings in the first half of this year near the east African country, the International Maritime Bureau, a Kuala Lumpur- and London-based monitoring organization, said in a report Somali piracy — the scourge of merchant shipping...
by AIP Online Bureau | Jul 22, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Risk Management, Technology
“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...
by AIP Online Bureau | Jul 22, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
Clear understanding and documentation of cyber insurance policies are essential to determine coverage in connection with such incidents. Insurers could see that their incident response and claims handling teams are stretched thin given the scale of this incident, as...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Health, Indian News, Pension & Social Security, Workplace/Employee Benefits
Coupled with insights from a NITI Aayog position paper, the survey pointed out that the elderly care industry in India — currently valued at USD 7 billion (Rs 57,881 crore) — faces critical gaps in infrastructure, research and know-how for managing...
by AIP Online Bureau | Jul 22, 2024 | Indian News, Non-Life, Policy, Regulation, Risk Management, Technology
“All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology
“Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5 per cent over the medium term, supported by improvements in insurance infrastructure such as mobile applications and remote sensing for crop loss...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News
At present, there are over 9.5 crore retail investors and have nearly 10 per cent direct ownership of the market through its almost 2,500 listed companies “The significant increase in retail investors in the stock market calls for careful consideration. This is...
