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UPI transactions remain free for consumers: FM Sitharaman

UPI transactions remain free for consumers: FM Sitharaman

by AIP Online Bureau | Aug 11, 2026 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Union Finance Minister Clarifying the position on smaller businesses, Sitharaman said, “Small merchants remain central to UPI’s inclusive growth. We are not going to impose any MDR on them. We don’t intend to.” She further...
Key question:Whether reinsurers can maintain underwriting discipline or will irrational competition emerge

Key question:Whether reinsurers can maintain underwriting discipline or will irrational competition emerge

by AIP Online Bureau | Aug 10, 2026 | International News, Non-Life, Reinsurance

“If underwriting discipline and pricing integrity can be maintained despite record levels of capital, the industry may indeed be in the midst of a meaningful evolution of the reinsurance market. If not, history may once again demonstrate that the fundamental dynamics...
Magnitude-7.4 quake hits western Colombia, collapsing buildings and killing at least 73 peop

Magnitude-7.4 quake hits western Colombia, collapsing buildings and killing at least 73 peop

by AIP Online Bureau | Aug 10, 2026 | Disaster & Management, Eco/Invest/Demography, International News

Colombia’s Pacific region around the quake’s epicenter lies along the “Ring of Fire”, the line of seismic faults encircling the Pacific Ocean where most of the world’s earthquakes occur. BOGOTA, Colombia: A powerful 7.4 magnitude earthquake struck western Colombia on...
Air India’s A320 plane suffered glitches, turbulence during Phuket-Delhi flight: Sources

Air India’s A320 plane suffered glitches, turbulence during Phuket-Delhi flight: Sources

by AIP Online Bureau | Aug 10, 2026 | Eco/Invest/Demography, Indian News, Risk Management

On August 9, the civil aviation ministry said that in the AI2379 flight incident, injuries were reported to a few passengers and cabin crew members on board. There were 137 passengers, including three infants, and eight crew members on board. New Delhi:Air...
Service fees should be charged for passage through Hormuz: Iranian Foreign Ministry spokesperson

Service fees should be charged for passage through Hormuz: Iranian Foreign Ministry spokesperson

by AIP Online Bureau | Aug 10, 2026 | Eco/Invest/Demography, International News

“Generally, when you provide maritime services, you must be reimbursed for them,” Iranian Foreign Ministry spokesperson Esmaeil Baghaei Tehran: Iranian Foreign Ministry spokesperson Esmaeil Baghaei stated on Monday that fees should be charged for maritime...
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