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Latest NSSO consumer survey indicates poverty down to 5 per cent: NITI Aayog CEO

Latest NSSO consumer survey indicates poverty down to 5 per cent: NITI Aayog CEO

by AIP Online Bureau | Feb 26, 2024 | Eco/Invest/Demography, Indian News, Policy

”This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been.’The survey findings...
IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal

IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal

by AIP Online Bureau | Feb 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance

The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...

Indians spending less on food, more on discretionary items -government survey

by AIP Online Bureau | Feb 25, 2024 | Data, Eco/Invest/Demography

Household Consumption Expenditure Survey estimates average rural consumer spending rose to Rs 3,773 ($45.54) a month per person for the 12 months through July from Rs 1,430 in the previous survey in 2011-2012, while urban spending rose to Rs 6,459 ($77.95) from Rs...

US regulator SEC drops some emissions disclosure requirements from draft climate rules

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

Scope 3 emissions, proposed to be withdrawn, account for greenhouse gases, such as carbon dioxide, released in the atmosphere from a company’s supply chain and the consumption of its products by customers. For most businesses, Scope 3 emissions represent more than 70%...
Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Allianz, one of the world’s largest financial services companies with €2.16 trillion ($2.33 trillion) in assets under management, joins a growing number of global firms building their focus on the wealth sector Allianz SE is making a strategic investment in money...
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