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Civil aviation ministry comes out with draft aircraft bill

Civil aviation ministry comes out with draft aircraft bill

by AIP Online Bureau | May 31, 2023 | Indian News, Policy, Risk Management, Technology

As per the preamble of the Draft Aircraft Bill, 2023, it aims to have an Act to make better provisions for regulation and control of the design, manufacture, possession, use, operation, sale, import and export of aircraft and for connected matters New Delhi: The civil...
Climate change, strained infra worsen flood risk in India’s Silicon Valley- report

Climate change, strained infra worsen flood risk in India’s Silicon Valley- report

by AIP Online Bureau | May 31, 2023 | Eco/Invest/Demography, Facts

“Due to climate change, there has also been short duration, high intensity precipitation, further accentuating risks of flooding in the city amidst limited infrastructure to contain the same,” the report said. Citing the example of Mumbai, the report...

Mumbai Metro 2A, 7 commuters get free accident, disability, death insurance cover

by AIP Online Bureau | May 31, 2023 | Indian News, Non-Life

The policy also provides for compensation or upto Rs 500,000 for deaths and upto Rs 400,000 for permanent or partial disability, depending on its severity, informed MMMOCL Chairman & Managing Director S. V. R. Srinivas Mumbai: The Maha Mumbai Metro Operation...

Free treatment worth Rs 61,501 crore provided under AB PM-JAY scheme till date: Health ministry

by AIP Online Bureau | May 31, 2023 | Health, Indian News, Policy

During the year 2022-23, approximately 56 per cent of the total admissions (by amount) have been authorised in private hospitals, while 44 per cent of the admissions have been authorised in public hospitals. The AB PM-JAY beneficiaries can avail treatment...

by AIP Online Bureau | May 31, 2023 | Workplace/Employee Benefits

Kotak Life announces bonus of Rs 840 crore to policy holders

by AIP Online Bureau | May 31, 2023 | Life

Kotak Mahindra Life Insurance Company (Kotak Life) has announced a bonus of Rs 840 crore to more than 6.5 lakh eligible participating policyholders for FY 2023. This is an increase of 24% over the bonus declared for FY 2022. Mahesh Balasubramanian, Managing Director,...

India transformed in less than a decade:Morgan Stanley

by AIP Online Bureau | May 31, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation

The report highlighted the 10 big changes, including supply-side policy reforms, formalisation of the economy, Direct Benefit Transfer, Insolvency and Bankruptcy Code, focus on FDI and flexible inflation targeting. These changes are because of India’s policy...

by AIP Online Bureau | May 31, 2023 | Workplace/Employee Benefits

Digitally advanced countries trust less on artificial intelligence: Swiss Re report

Digitally advanced countries trust less on artificial intelligence: Swiss Re report

by AIP Online Bureau | May 31, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology, Workplace/Employee Benefits

The most AI-trusting people hail from emerging digital growth markets such as India, Nigeria, Mexico, Indonesia, Philippines and Argentina` `What is surprising in ‘Decoding Digital Trust: A consumer perspective’ is that countries with advanced levels of...
Shipping Safety: Losses hit a record low in 2022, but jump in fires, other challenges

Shipping Safety: Losses hit a record low in 2022, but jump in fires, other challenges

by AIP Online Bureau | May 31, 2023 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

A combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonization challenges, economic uncertainty, as well as the rising cost of marine claims, means the sector still has plenty of obstacles to...
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