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Govt to infuse more capital in public sector general insurers next year

by AIP Online Bureau | Mar 12, 2023 | Indian News, Non-Life, Policy

Based on the performance in the FY23, the finance ministry would take a call as to how much capital they would require to meet regulatory requirement, the official said.They are not in good financial health and fund would be infused in these entities to augment their...

Centre should regulate manufacturing of drugs instead of state bodies, new bill moots

by AIP Online Bureau | Mar 12, 2023 | Health, Indian News

Regulations for the conduct of clinical trials for new drugs and medical devices have been brought under the draft bill Currently, the conduct of clinical trials for new drugs and medical devices and the provisions for compensation for injury or death on account of...
Centre raises concern over gradual increase in Covid positivity rate amid influenza cases

Centre raises concern over gradual increase in Covid positivity rate amid influenza cases

by AIP Online Bureau | Mar 12, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy

Rajesh Bhushan,Union Health Secretary “While the COVID-19 trajectory has decreased substantially in last few months, the gradual rise in COVID-19 test positivity rates in some states is a concerning issue that needs to be promptly addressed,” Union Health...
FDIC, US Fed discuss fund to backstop deposits if more banks fail

FDIC, US Fed discuss fund to backstop deposits if more banks fail

by AIP Online Bureau | Mar 12, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation

Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be...
Fallout from SVB collapse spreads around world

Fallout from SVB collapse spreads around world

by AIP Online Bureau | Mar 12, 2023 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

This is just the beginning. SVB had branches in China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention. SVB’s joint venture in China, SPD Silicon...
Transforming Life: Tapping the new Normal

Transforming Life: Tapping the new Normal

by AIP Online Bureau | Mar 12, 2023 | Articles, Life, Technology

MR Kumar, Chiarman, Life Insurance Corporation The Indian life insurance industry needs to gear up for the coming prosperity and be ready with its products, distribution channels and processes to meet the demands of the new normal The entire life insurance sector has...

Mediterranean diet helps prevent prostate cancer: Research

by AIP Online Bureau | Mar 12, 2023 | Facts, Health

Foods that are rich in lycopene include tomatoes, melons, papayas, grapes, peaches, watermelons, and cranberries. Selenium-rich foods include white meat, fish, shellfish, eggs, and nuts. Study co-author Dr Permal Deo says eating foods that are naturally rich in...

Research: Effects of hormone replacement therapy on woman’s health

by AIP Online Bureau | Mar 12, 2023 | Facts, Health

Postmenopausal women are much more likely than premenopausal women to suffer from memory loss, dementia, and Alzheimer’s disease. Short-term menopause symptoms like hot flashes, which are brought on by variations in reproductive hormones, are well-known to many...
Siddarth Mohanty appointed as acting chairman of LIC

Siddarth Mohanty appointed as acting chairman of LIC

by AIP Online Bureau | Mar 11, 2023 | Indian News, Life

Siddhartha Mohanty, managing director, Life Insurance Corporation Mohanty is presently the senior most managing director of the country’s largest insurance company Recently, the Financial Services Institution Bureau (FSIB), has selected M Jagannath and Tablesh Pandey...

PhonePe receives payment aggregator licence, reaches $1 trillion annualised payment value run rate

by AIP Online Bureau | Mar 11, 2023 | Indian News, Intermediaries, Technology, Wealth Management/ Philanthropy

PhonePe is making significant investments in new businesses like insurance and wealth management, while also enabling the next wave of growth for UPI payments in the country, the statement said New Delhi: Digital payments platform PhonePe has achieved an annualised...
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