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Over 50 lakh Central government employees and nearly 69 lakh pensioners to gain from 8th Central Pay Commission

Over 50 lakh Central government employees and nearly 69 lakh pensioners to gain from 8th Central Pay Commission

by AIP Online Bureau | Dec 9, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

The Centre currently employs 50.14 lakh personnel, while pensioners number around 69 lakh, all of whom fall under the purview of the upcoming pay revision exercise, Minister of State for Finance, Pankaj Chaudhary, told the Lok Sabha in a written reply to questions...
MoS Finance says 15 cr PM Jan Dhan accounts are inoperative

MoS Finance says 15 cr PM Jan Dhan accounts are inoperative

by AIP Online Bureau | Dec 9, 2025 | Data, Eco/Invest/Demography

“The data regarding number of inoperative accounts vis-a-vis women, rural and semi-urban areas that are closed under the Pradhan Mantri Jan Dhan Yojana (PMJDY), is not centrally maintained. However, there are about 15.09 crore inoperative PMJDY accounts out of...
McKinsey says recovery from South Africa scandals to take yrs

McKinsey says recovery from South Africa scandals to take yrs

by AIP Online Bureau | Dec 8, 2025 | Workplace/Employee Benefits

The company was embroiled in the scandals during an era of government graft — known locally as state capture — that also involved Bain & Co., SAP SE, KPMG LLP and ABB Ltd. Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%

BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%

by AIP Online Bureau | Dec 8, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life

The deal involves France’s biggest bank selling its 25% stake in AG Insurance to Ageas for 1.9 billion euros while simultaneously investing 1.1 billion euros into Ageas through its insurance subsidiary BNP Paribas Cardif, based on an agreed price of 60 euros per...
FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD

FSIB gets ready to interview pvt sector professionals along with PSU officials for selecting GIC Re CMD

by AIP Online Bureau | Dec 8, 2025 | Indian News, Non-Life, Policy, Reinsurance

Some of the names who are belived to have applied for the post of GIC Re CMD include, Rajeev Singh, Head Reinsurance and corporate marketing, Digit Insurance, promoted by Prem Watsa and Kamesh Goyal. and Mandakini Balodhi, one of directors in Department of Financial...
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