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Govt asks airlines to boost engineering capabilities after series of safety incidents

Govt asks airlines to boost engineering capabilities after series of safety incidents

by AIP Online Bureau | Aug 2, 2022 | Indian News, Risk Management

Indian airlines reported 478 technical snags in the year to June 30, 2022, but dozens of mid-air safety incidents in recent weeks have prompted special spot checks and safety audits by the aviation regulator New Delhi: India has asked airlines to increase their...

5.83 crore income tax returns filed for FY22

by AIP Online Bureau | Aug 2, 2022 | Data, Eco/Invest/Demography, Policy

The officer said during the last fiscal, the due date for which was extended till December 31, 2021, around the same number of returns — at 5.89 crore — were filed More than 72 lakh ITRs were filed on the last day (Sunday) this time, the officer said New...

Ukraine makes its first shipment of grain since Russia’s invasion

by AIP Online Bureau | Aug 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Scores of ships are stuck in the ports dotted along the Black Sea and are expected to begin moving out in “caravans” if all goes well However, shipowners will have to secure insurance for cargoes and vessels, and also find enough crew to sail them Ukraine made its...
IRDA caps total expenses(EoM) for non-life insurers at 30%, asks them to prepare board approved annual business and capital raising plans

IRDA caps total expenses(EoM) for non-life insurers at 30%, asks them to prepare board approved annual business and capital raising plans

by AIP Online Bureau | Aug 1, 2022 | Health, Indian News, Non-Life, Technology

Every insurer has to formulate a business plan in advance on an annual basis, which has to be approved by the respective board. The plan should, at the minimum, clearly state the the projected requirements of capital during the said financial year, projection of...

India’s monsoon rains forecast to be average in August, September

by AIP Online Bureau | Aug 1, 2022 | Eco/Invest/Demography, Indian News

Rainfall in the east and northeastern regions, the rice bowl of the country, has been 45 per cent lesser than normal in July, but the forecast for the next two months has raised hopes for better showers, at least in eastern Uttar Pradesh and Jharkhand, Director...
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