by AIP Online Bureau | Mar 15, 2023 | Indian News, Pension & Social Security, Regulation
Deepak Mohanty, chairman, PFRDA Mohanty was a member(Economist),PFRDA and had recently retired from the regulatory body New Delhi: The government on Tuesday has appointed Deepak Mohanty, a former member of the Pension Fund Regulatory Development Authority( PFRDA), as...
by AIP Online Bureau | Mar 15, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Regulation, Risk Management
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
by AIP Online Bureau | Mar 15, 2023 | Eco/Invest/Demography, Regulation, Technology, Wealth Management/ Philanthropy
Major cryptocurrencies have been buoyed in recent days by U.S. authorities announcing plans to limit the fallout from the collapse of Silicon Valley Bank (SVB). U.S. authorities’ action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits...
by AIP Online Bureau | Mar 15, 2023 | Eco/Invest/Demography, Indian News, Policy
Cabinet secretary informed that DoA&FW has constituted an Expert Committee headed by Agriculture Commissioner to monitor and mitigate terminal heat stress in Wheat. Further, the Crop Weather Watch Group (CWWG), an inter-Ministerial Committee reviews the crop...
by AIP Online Bureau | Mar 15, 2023 | Banking & Bancassurance, Indian News, Non-Life, Regulation
The group is open to both the organic and inorganic routes and is in talks with many general insurance companies for a potential acquisition, the report said, without disclosing any names BENGALURU: Bandhan Group, which mainly has banking, mutual fund and microfinance...
by AIP Online Bureau | Mar 14, 2023 | Eco/Invest/Demography, Health, Indian News, Policy
Bharati Pravin Pawar,Minister of State for Health Elaborating on the steps taken by the government in this regard, Minister of State for Health Bharati Pravin Pawar said a population-based initiative for prevention, control and screening for common non-communicable...
by AIP Online Bureau | Mar 14, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...
by AIP Online Bureau | Mar 14, 2023 | Eco/Invest/Demography, Indian News, Policy
The IMF’s World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 trillion in 2022-23 and cross USD 5 trillion in 2026-27. Some of the important measures taken by the government in the past to...
by AIP Online Bureau | Mar 14, 2023 | Articles, Disaster & Management, Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management
Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase. According to Marsh McLennan estimates, 1 out of 3 people...
by AIP Online Bureau | Mar 14, 2023 | Data, Disaster & Management, Eco/Invest/Demography, Policy
According to an official statement, the assistance will be provided to Assam, Himachal Pradesh, Karnataka, Meghalaya and Nagaland for floods, landslides and cloudburst that occurred during 2022 New Delhi: A High Level Committee, headed by Home Minister Amit Shah, has...
