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Around 10 states, 5 UTs not implementing crop insurance scheme PMFBY: Tomar

Around 10 states, 5 UTs not implementing crop insurance scheme PMFBY: Tomar

by AIP Online Bureau | Feb 10, 2023 | Indian News, Non-Life, Reinsurance

Union Agriculture Minister Narendra Singh Tomar The ten states are: Arunachal Pradesh, Bihar, Gujarat, Jharkhand, Meghalaya, Mizoram, Nagaland, Punjab, Telangana and West Bengal, the minister said in a written reply to the Rajya Sabha Since inception of the scheme in...

UK to expedite insurance reforms, to release £100 billion of capital for investment

by AIP Online Bureau | Feb 10, 2023 | Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance

Officials could look to implement the Solvency II reforms in two stages, the Financial Times, which first reported the news, said. Insurers could be allowed to swap bonds they have to hold currently for assets such as green technology or housing at first, with other...

Institutional investors sue Shell over its alleged climate mismanagement

by AIP Online Bureau | Feb 10, 2023 | Climate, Environment, Renewable Energy, International News

It is the first, notable lawsuit by a shareholder against a board over the alleged failure to properly prepare for a shift away from fossil fuels – and comes one week after Shell posted a record $40 billion profit for 2022, partly fueled by the energy crunch after...

Mercedes-Benz faces more than 300,000 claims in UK over “defeat devices” to cheat emissions tests

by AIP Online Bureau | Feb 10, 2023 | Eco/Invest/Demography, Indian News, Non-Life

The mass lawsuit follows the “dieselgate” scandal that engulfed Volkswagen after it admitted to cheating U.S. diesel engine tests, which has cost the carmaker more than 32 billion euros ($34 billion) in vehicle refits, fines and legal costs so far. Oliver Campbell,...
New tax regime to leave higher disposable income in hands of people: Sitharaman

New tax regime to leave higher disposable income in hands of people: Sitharaman

by AIP Online Bureau | Feb 10, 2023 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Finance Minister Sitharaman said the new tax regime announced in the Budget is ”very attractive” as the tax exemption limit has been hiked to Rs 3 lakh, from Rs 2.5 lakh earlier. Besides, a standard deduction of Rs 50,000 too has been...
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