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RBI directs credit card issuers to give users choice of other networks

RBI directs credit card issuers to give users choice of other networks

by AIP Online Bureau | Mar 6, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology

“On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers,” the Reserve Bank of India (RBI) said in a circular Mumbai: India’s central bank on...
India needs investments in geriatric care:Smriti Irani

India needs investments in geriatric care:Smriti Irani

by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Smriti Irani, Union Minister Women and Child Development ”The issue is: are we preparing for that reality from an economic and socio-economic perspective?” She wondered if we have mapped the need for investments in geriatric care, stating that even though...
Jeff Bezos overtakes Elon Musk as world’s richest person

Jeff Bezos overtakes Elon Musk as world’s richest person

by AIP Online Bureau | Mar 6, 2024 | Data, Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy

Jeff Bezos, executive chairman, Amazon Elon Musk’s net worth is down $31.3 billion in the last year while Bezos net worth is up $23.4 billion New Delhi: Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per...
EAC-PM pitches for mandating EV sales by all automobile manufacturers

EAC-PM pitches for mandating EV sales by all automobile manufacturers

by AIP Online Bureau | Mar 6, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology

As per the EAC-PM, the number of EVs as a percentage of total vehicles in the country stood at 0.21 per cent, while EV four-wheelers as a percentage of the total four-wheelers amounted to only 0.08 per cent New Delhi: The Economic Advisory Council to the PM (EAC-PM)...
Volkswagen faces lawsuits in Germany over Porsche EV battery triggering fire in cargo ship

Volkswagen faces lawsuits in Germany over Porsche EV battery triggering fire in cargo ship

by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The case was brought by half a dozen plaintiffs, including Mitsui OSK Lines Ltd., the ship’s operator, and Allianz SE, one of the insurers of the vessel, according to a spokesman for the tribunal. The plaintiffs claim that the fire originated from the lithium-ion...
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