Actuaries to help Government in risk management says Shri. Anurag Singh Thakur, MoS, Finance and Corporate Affairs, GOI

 Actuaries to help Government in risk management says Shri. Anurag Singh Thakur, MoS, Finance, and Corporate Affairs, GOI.

 

Mumbai, March 13, 2021: Shri. Anurag Singh Thakur, Minister of State for Finance and Corporate Affairs, Government of India, Chief Guest of the final day of the Virtual Actuarial Conclave (VAC 2021) held from 10^th - 13^th March 2021 organized by the Institute of Actuaries of India (IAI). Over 1900 delegates registered for the event.

 

Shri. Anurag Singh Thakur appreciated the contribution of the Actuarial Profession towards accelerating the country’s vision of Atmanirbhar Bharat and would like to have valuable feedback from IAI on how GOI can continue and expand the reforms that are underway. He called out to actuarial professionals for suggestions on concerns like risk management and help the government to build a conducive ecosystem for entrepreneurs, professionals, and small businesses to co-exist with large giants. Shri. Thakur while covering the important points of the Union Budget highlighted the government’s continued focus on initiatives like healthcare and farming. He exuded confidence that the recent increase in FDI limit for insurance companies will result in a much-needed fresh capital infusion and bring in the global best practices to the industry.  

 

In a session on Government Actuarial Department, Charles Daykin, the past president of the Institute and Faculty of Actuaries (IFoA) discussed in detail the UK Government Actuarial Department (GAD) and the role of the UK Government Actuary in terms of the role and responsibilities. The session was moderated by Ms. Dakshita Das, IAS, Additional Member, Finance, Ministry of Railways, and Government of India.

 

Subhendu Kumar Bal, President, Institute of Actuaries of India and Chief Actuary & Chief Risk Officer, SBI Life Insurance Company Limited said “Internationally the concept of government actuarial department is prevalent in several countries, including the US, the UK, Australia, Japan, and Canada. South Africa is now looking to set up a government actuary department. IAI is also in talks with Department of Financial Services in Ministry of Finance to set up an Actuarial Department”.

 

There may be more demand on actuaries due to the implementation of IFRS 17 and also a requirement in wider field areas such as data science, banking, etc. Chairman, IRDAI also in his inaugural speech has mentioned the requirement of more than 1,000 actuaries looking at the number of insurance companies and the size of insurance business in India. 

 

Subhendu Bal, President, IAI said that “To meet the ever-increasing demand of actuaries, the Institute has taken initiatives and efforts to increase awareness of actuarial science with several educational institutions. Further, Institute is providing coaching and counseling support to the student to qualify faster without compromising the quality of education.”

 

The four-day event ended with the presentation of Academic Excellence awards, cultural performances by members, and a valedictory ceremony.

 

President, IAI thanked all the participants, speakers, chief guests, sponsors, and all other people involved in this signature event to make a huge success.

 

About Institute of Actuaries of India (IAI)

 

IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for the regulation of the profession of Actuaries in India. The provisions of the said Act have come into force from 10thday of November 2006, in terms of the notification dated 8th November 2006, issued by the Government of India in the Ministry of Finance, Department of Economic Affairs. As a consequence of this, the erstwhile Actuarial Society of India was dissolved and all the Assets and Liabilities of the Actuarial Society of India were transferred to and vested in, the Institute of Actuaries of India constituted under Section 3 of the Actuaries Act, 2006. The erstwhile Actuarial Society of India (ASI) was established in September 1944.

Since 1979 the ASI has been a Full Member of the International Actuarial Association (umbrella organizations and is actively involved in its affairs. In 1982, the ASI was registered under the Registration of Literary, Scientific, and Charitable Societies Act XXI of 1860 and also under Bombay Public Charitable Trust Act, 1950. In 1989, the ASI started examinations up to Associate level, and in 1991, started conducting Fellowship level examination leading to the professional qualification of an actuary, till then the accreditation was based on Institute of Actuaries, London examinations (now Institute and Faculty of Actuaries).

The Institute of Actuaries of India conducts its first ever Virtual Actuarial Conclave 2021

 

 

 

 

 

 

 

The Institute of Actuaries of India conducts its first-ever Virtual Actuarial Conclave 2021

 

Mumbai, March 12, 2021: Institute of Actuaries of India, a statutory body established under an Act of Parliament is conducting, in a virtual platform, its signature event, Virtual Actuarial Conclave 2021 (VAC 2021) which is being held from 10-13^th March 2021.

 

Over 1900 delegates have registered from different fields across the globe for VAC 2021. A wide variety of topics are deliberated upon relating to the theme of the conclave that is relevant for the times we are passing through - “Navigating through uncertainty”.

 

The main highlights of Day 1 included the IAI President opening address on the overall event and about the profession, inaugural address by the Chief Guest, Dr. Subhash Chandra Khuntia, Chairman Insurance Regulatory, and Development Authority of India (IRDAI), Presidential Town Hall, a session on Application of Actuarial Techniques in Banking and   Felicitation of Newly Qualified Actuaries.

 

Mr. Subhendu Kumar Bal, President of, Institute of Actuaries of India who is also the Chief Actuary & Chief Risk Officer at SBI Life Insurance Company said the Institute has taken initiatives to enhance awareness about the profession among students and members of other professions. The Town Hall included Presidents from Actuarial Institutes across the globe sharing their invaluable knowledge. . Other sessions included Artificial Intelligence/ Machine Learnings, the InsureTech space, and banking.

 

During the inaugural address, the Chief Guest Dr. Khuntia said the Regulator is working on implementing the International Financial Reporting Standard 17 (IFRS 17) and Risk-Based Capital (RBC) regime in India in the near future and urged the actuaries to drive this. He lauded the role of the Actuaries in calculating the effects of uncertain events like climate change and Covid Like pandemics in designing appropriate products to balance the interests of policyholders and shareholders. He said that the Appointed Actuaries are the eyes and ears of the regulatory authority and they are essential to ensuring that the insurance companies remain solvent at all times. He said the recent FDI relaxation in insurance is a long-awaited step and India provides a big market with huge resources and innovative ideas. Though the insurance penetration is low in India, we are recently seeing an increase in annuity products.

 

Dr. Khuntia asked the Institute of Actuaries of India (IAI) to create awareness about the roles actuaries play in both traditional and non-traditional fields like Banking and other financial fields. He said that the actuaries are still a very small community in India and the Institute should take the necessary steps to increase the number of qualified actuaries especially in specialized fields like General Insurance to safeguard the public interest. He said that he could see actuaries leading insurance firms in the near future.

 

The actuarial professionals need to align with the emerging business realities and data-driven shifts to create opportunities for themselves. Actuaries will be best suited for the emerging roles in not just insurance but also in Banking and other wider financial and non-financial areas, say experts at Day 2 of the Virtual Actuarial Conclave.

 

The main highlights of Day 2 were the address by the chief guest Mr. Jan Kars, President, International Actuarial Association, address by Mr. Kaushal Mody, Senior Managing Director - Accenture Operations on Fast-Track to Future-Ready Operations for Insurance Companies, a panel discussion on the effect of pandemics on insurance, Opportunities for actuarial professionals in wider fields including Banking, exploring new dimensions from unitisation and the role of India as leading offshore actuarial services partner.

 

Day-3 of the conclave was all about Risk management, IFRS-17, a global perspective on Actuarial hiring, discussion on unchartered territories of Ayushman Bharat, and ensuring sustainable retirement outcome in old age. The chief guest of the day was Mr. Supratim Bandyopadhyay, Chairman, PFRDA.  India ranks 34 in providing sustainable retirement outcomes and the panel had a wide-ranging discussion to improve India’s position and the reforms needed in this space. The session on Actuarial hiring was an eye-opener for the members of the profession that delved upon the golden rules to choosing a rewarding career. The solvency II and IFRS sessions largely discussed the steps India needs to take and the practical issues surrounding the implementation in the near future.

 

All three days ended with sparking cultural performances by the members and presentation of Awards and certificated to newly qualified Associate members and other toppers and achievers.

 

About Institute of Actuaries of India (IAI)

 

IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for the regulation of the profession of Actuaries in India. The provisions of the said Act have come into force from 10thday of November 2006, in terms of the notification dated 8th November 2006, issued by the Government of India in the Ministry of Finance, Department of Economic Affairs. As a consequence of this, the erstwhile Actuarial Society of India was dissolved and all the Assets and Liabilities of the Actuarial Society of India were transferred to and vested in, the Institute of Actuaries of India constituted under Section 3 of the Actuaries Act, 2006. The erstwhile Actuarial Society of India (ASI) was established in September 1944.

Since 1979 the ASI has been a Full Member of the International Actuarial Association (umbrella organizations and is actively involved in its affairs. In 1982, the ASI was registered under the Registration of Literary, Scientific, and Charitable Societies Act XXI of 1860 and also under Bombay Public Charitable Trust Act, 1950. In 1989, the ASI started examinations up to Associate level, and in 1991, started conducting Fellowship level examination leading to the professional qualification of an actuary, till then the accreditation was based on Institute of Actuaries, London examinations (now Institute and Faculty of Actuaries)

Exclusive Release - Being a public figure comes with a lot of judgment- says actor, singer, composer, and digital superstar Danish Alfaaz

 Being a public figure comes with a lot of judgment- says actor, singer, composer, and digital superstar Danish Alfaaz

Danish Alfaaz says being constantly judged is a part and parcel of being a public figure, and he agrees it can be unfair sometimes.

Asked what he thinks about constant judgment made on content creators and influencers “I understand the concept of social media influencers and content creation on social media is fairly new but that doesn’t mean one has the right to be rude and troll us. It is very easy to sit in the comfort of your home, scroll through your Instagram feed and pass judgments but it is difficult to put yourself out there”

Danish states that given all the craziness content creators go through, they still “make it work, so it wouldn't hurt being just a little considerate sometimes"

Poonam Pandey turns 30 and she celebrates it in the Maldives

 Poonam Pandey turns 30 and she celebrates it in the Maldives.

Poonam Pandey turns 30 and it could not have at a more appropriate destination. She is holidaying in the Maldives with beau Sam Bombay and they would be celebrating it quietly far from the maddening crowd. Poonam came into the major limelight after the 2011 cricket world cup and she has not looked back since. She is an actor and businessman. She is both destiny's favorite child as well as controversy". We wish her a very happy birthday and we got talking to her.

This is what she says, "Thank you very much for the lovely wishes. It's been a long and difficult yet fulfilling journey. I have had my fair share of struggles. But it's been quite a ride. And yet it seems I am just getting started.  I have been in the business for a decade now and it seems just like yesterday. I and Sam would probably cut the cakes under the moon and we have this amazing beach to us. The Maldives is one of the favorite destinations for celebrities currently and rightly so."

We wish her a very happy birthday and hope she entertains us like always

महात्मा जोतिराव आणि सावित्रीबाई फुलेंवर येणार मराठी चित्रपट

महात्मा जोतिराव आणि सावित्रीबाई फुलेंवर येणार मराठी चित्रपट

     दिग्दर्शक समीर विद्वांस यांनी धुराळा, डबल सीट, टाईम प्लीज आणि आनंदी गोपाळ यांसारख्या दर्जेदार चित्रपटांचे दिग्दर्शन केले असून आता 'महात्मा' हा नवा चित्रपट प्रेक्षकांच्या भेटीस येणार आहे. निर्मात्यांनी या सिनेमाचे शीर्षक आणि व्हिडीओ प्रदर्शित करून सिनेमाची अधिकृत घोषणा केली आहे.

 

'महात्मा' हा समीर विद्वांस दिग्दर्शित चित्रपट सामाजिक कार्यकर्ते व थोर समाजसुधारक जोतीराव फुले आणि सावित्रीबाई फुले यांच्या जीवनावर आधारित असणार आहे. जोतीराव फुलेंनी महिलांना शिक्षण देऊन एक क्रांती घडवून आणली. सावित्रीबाई फुले यांना भारतातील महिला शिक्षणाचे प्रणेते म्हणून संबोधले जाते त्याचप्रमाणे त्यांनी आपल्या पतीसमवेत महिला हक्क सुधारण्याच्या दृष्टीनेही काम केले.

 

अजय-अतुल ही मराठी चित्रपटसृष्टीतील दिग्गज गायक जोडी या चित्रपटाचे संगीत करणार आहे. हा चित्रपट दोन भागांमध्ये प्रसिद्ध होईल. 'क्रांतिसूर्य' हा चित्रपट जोतीराव फुलेंच्या आयुष्यावर असणार आहे तर 'क्रांतीज्योती' हा चित्रपट सावित्रीबाई फुलेंच्या आयुष्यावर असणार आहे.

 

                  हा सिनेमा प्रतिसाद आणि ह्युज प्रॉडक्शनच्या बॅनरखाली बनलेला असून रणजित गुगळे आणि अनिश जोग या चित्रपटाची निर्मिती करत आहेत. अद्याप हा चित्रपट निर्मिती प्रक्रियेत असून अजूनही मुख्य भूमिकेतील कलाकाराचा चेहरा समोर आलेला नाही.  २०२२ मध्ये हा चित्रपट थिएटरमध्ये प्रेक्षकांच्या भेटीला येईल.

Malvi malhotra thanks Urmila Matondkar for her encouragement and Mumbai police for their support

 Malvi Malhotra thanks Urmila Matondkar for her encouragement and Mumbai police for their support

Malvi Malhotra thanked and wished Urmila Matondkar for giving her words of encouragement. Malvi has undergone a lot. She is truly a woman of courage and she is a huge inspiration for us all. She has resumed work and she is someone that we have to celebrate. She is a true example of grit and determination. 

We wished a very happy woman's day to Malvi and here is what she has got to say, "Thank you so much for all the lovely words and wishes. I want to thank Urmila mam from the bottom of my heart. She has been a huge idol and her words have given a lot of strength and courage. I wish to thank Mumbai Police as well. They have stood by me and in such great support and power. I had gone through an unfortunate incident and that has only made me stronger. For every setback, there is an opportunity to make a comeback. So women out there, don't give up. God is with us and we all are with one another. Wish you all a very happy women's day."

VIDNYAN PARISHAD, GOA IN ASSOCIATION WITH ENTERTAINMENT SOCIETY OF GOA (ESG) TO HOST THE SIXTH EDITION OF SCIENCE FILM FESTIVAL OF INDIA

 

VIDNYAN PARISHAD, GOA IN ASSOCIATION WITH ENTERTAINMENT SOCIETY OF GOA (ESG) TO HOST THE SIXTH EDITION OF SCIENCE FILM FESTIVAL OF INDIA

~SCI-FFI 2021- CREATING CURIOSITY AMONG THE BUDDING SCIENTISTS~

·         Pre-fest activities have been conducted as a part of the School Outreach Programme from 1^st to 15^th March 2021

·         The Science Film Festival of India will be held on 17^th and 18^th March 2021

Panaji, 11^th March 2021: Science is the foundation of this entire world. We require Science on daily basis in various aspects of our lives and, with the ongoing pandemic, the field of Science has witnessed some of the greatest inventions, innovations, and research as well. With the aim of inculcating an interest and gaining more knowledge about the world of Science among the youngsters, the 6^th edition of the Science Film Festival of India has been organized on 17^th and 18^th March 2021 by Vidnyan Parishad, Goa to be held at the prestigious Entertainment Society of Goa: ESG Complex and Maquinez Palace.

Every year, the festival goes on for four days but, this year due to the ongoing pandemic, it has been restricted to two days. This year, the festival is focusing on creating interest among rural students in science and technology and, to reach their goal, the festival has started organizing the pre-fest activities in various schools across the rural regions of Goa as an outreach program. These activities have started from 1^st March and will continue till 15^th March.

As always, the festival will be held at ESG Complex and Maquinez Palace with various events which include a screening of the Science feature films, a workshop for teachers, an exclusive workshop for Press Reporters & Editors, and also a workshop on film-making as well as a master class. One of the fascinating facets that can be experienced at the festival will be an Innovation Exhibition that will showcase and demonstrate out-of-box thinking used in the world of Science and Technology.

While the festival is around the corner and with the ongoing pandemic, the festival committee has ensured all the necessary precautions that are required to make a memorable yet safe experience for all its participants. 

About Entertainment Society of Goa:

Founded by the Government of Goa in 2004, the Entertainment Society of Goa, known as ESG was the 1st Event and Entertainment Agency across the State. Entertainment Society of Goa was started with one focused, single idea in mind to bring the best of the events, film festivals, and creative minds of the vibrant entertainment industry from all over the globe at one place, on one platform and to make The state of Goa the hub of this industry.

ESG became the nodal agency to organize and execute the International Film Festival of India (IFFI) on behalf of the Government of Goa. The festival is a joint collaboration between the Government of Goa and the Government of India. ESG has been successfully executing this festival from 2004 since the year of its establishment