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Mutual funds see muted 2022; expect better days in new year

by AIP Online Bureau | Dec 25, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

The assets under management (AUM) of the mutual fund industry rose by 7 per cent or Rs 2.65 lakh crore in 2022. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base seen in 2021, data from the Association...
LIC may consider composite licence after passage of Insurance Laws (Amendment) Bill

LIC may consider composite licence after passage of Insurance Laws (Amendment) Bill

by AIP Online Bureau | Dec 25, 2022 | Indian News, Life, Policy

The Bill, with proposed amendments to the Insurance Act 1938 and Insurance Regulatory and Development Authority Act, 1999, is expected to be tabled in Parliament in the upcoming Budget session starting next month, sources said. New Delhi:The country’s largest...
PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative

PAN not linked with Aadhaar by end of March 2023 to be rendered inoperative

by AIP Online Bureau | Dec 25, 2022 | Eco/Invest/Demography, Policy, Technology

“In addition to the above, the taxpayer might face difficulty at various other fora like banks and other financial portals as PAN is one of the important KYC (know your customer) criterion for all kinds of financial transaction,” the circular said New...

Surge in Covid cases strain Chinese hospitals

by AIP Online Bureau | Dec 25, 2022 | Data, Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

Wang Guangfa, a respiratory expert from Peking University First Hospital, told the Global Times on Saturday that as the virus spread to the communities in Beijing, more elderly people and those with underlying diseases have been infected and that the capital city has...

Global economic developments expected to complicate outlook for Indian economy: Finmin report

by AIP Online Bureau | Dec 24, 2022 | Eco/Invest/Demography, Indian News, Policy

India has identified several priorities for its G20 presidency — inclusive, equitable and sustainable growth; LiFE (lifestyle for environment), climate financing; circular economy; global food security; energy security; green hydrogen; disaster risk reduction...
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