by AIP Online Bureau | Dec 23, 2022 | Eco/Invest/Demography, Indian News, Policy
Besides the decriminalisation of minor offences, the bill envisages the rationalisation of monetary penalties, depending on the gravity of the offence, bolstering trust-based governance New Delhi: Commerce and industry Minister Piyush Goyal on Thursday in Lok Sabha...
by AIP Online Bureau | Dec 22, 2022 | International News, Non-Life, Reinsurance
Aviation and marine war insurers are concerned that reinsurers – who insure the insurers – will exclude the whole Ukraine, Russia and Belarus region when reinsurance contracts come up for renewal on Jan. 1. A cargo insurance facility providing cover for shipments via...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Facts
Citing provisions of the law, he said ‘domestic relationship’ means a relationship between two persons who live or have, at any point in time, lived together in a shared household, when they are related by consanguinity, marriage or through a relationship...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life
While the penetration of life insurance sector has gone up from 2.15 per cent in 2001-02 to 3.2 per cent in 2021-22, non-life insurance penetration has gone up from 0.56 per cent to 1.0 per cent during the same period “2022 has been a year marked with milestone...
by AIP Online Bureau | Dec 22, 2022 | Health, Indian News, Life, Non-Life, Regulation
The net incurred claims of the general insurers stood at Rs 1.41 lakh crore in 2021-22 as against Rs 1.12 lakh crore in 2020-21, an increase of about 26 per cent New Delhi: Over 2.25 lakh death claims due to the Covid-19 pandemic were settled by insurance companies up...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Facts, Non-Life, Pandemic
The situation could get even worse for the country of 1.4 billion people. This current wave may see the daily case rate rise to 3.7 million in January, according to Airfinity Ltd., a London-based analytics firm. There’ll likely then be another surge of infections that...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic, Policy
Prime Minister Modi urged everyone to follow Covid-appropriate behaviour, including wearing masks in crowded public places, at all times, especially in view of the upcoming festive season, according to a statement issued by the Prime Minister’s Office (PMO).He...
by AIP Online Bureau | Dec 22, 2022 | Indian News, Non-Life, Reinsurance, Technology
Neerja Kapur, CMD,NIA said, “India’s drone manufacturing industry clocked annual sales of Rs 60 crores in FY 2021 and is expected to grow to Rs 900 crores by FY 2024. Thanks to the impetus given by the Government of India through the liberalised Drone Rules, 2021,...
by AIP Online Bureau | Dec 22, 2022 | Data, Technology
The malware affects a variety of devices including firewall devices, routers, and cameras and adds compromised devices to a distributed denial of service (DDoS) botnet Successful DDoS attacks may be used by threat actors to extort ransom payments, distract from other...
by AIP Online Bureau | Dec 22, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
The suggestions are part of the Standing Committee on Finance’s report on ‘Anti-Competitive Practices by Big Tech Companies’ tabled in Parliament on Thursday and comes against the backdrop of rising concerns over unfair business practices in digital...
