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Global gold demand rises 10% to 4,021 tonnes in 2021: WGC

by AIP Online Bureau | Jan 30, 2022 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China,” WGC Regional CEO, India, Somasundaram PR told PTI Mumbai: Global gold demand rose 10...

EPFO onboards Air India, takes into fold 7,453 airline employees for social security benefits

by AIP Online Bureau | Jan 30, 2022 | Indian News, Pension & Social Security

These employees of Air India now will be entitled to benefits like they will receive extra 2 per cent employer’s contributions in their provident fund (PF) accounts at 12 per cent of their wages New Delhi: fund body EPFO has onboarded Air India Ltd for social...
Govt extends tenure of IPO-bound LIC’s chairman for 1 more year

Govt extends tenure of IPO-bound LIC’s chairman for 1 more year

by AIP Online Bureau | Jan 30, 2022 | Indian News, Life, Policy

M R Kumar, Chairman, LIC With the extension, M R Kumar will continue as chairman of LIC till March 2023, the sources said. Besides, the government has also extended the tenure of one of the managing directors, Raj Kumar, for one year. New Delhi: The government has...
Union Budget 2022-23: Expectations on changes in income tax slabs and rates

Union Budget 2022-23: Expectations on changes in income tax slabs and rates

by AIP Online Bureau | Jan 30, 2022 | Eco/Invest/Demography, Indian News, Policy

Finance Minister Nirmala Sitharaman In the Budget 2020-21, around 70 exemptions and deductions of different nature were removed. The finance minister had announced that the “remaining exemptions and deductions will be reviewed and rationalised in the coming...

FPIs pull out a whopping Rs 28,243 crore from Indian equities in Jan

by AIP Online Bureau | Jan 30, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

With the latest pull out of funds from Indian markets, FPIs have become net sellers for fourth consecutive month ”With US Fed signalling that it will start hiking interest rates soon and shrink its bond holdings, FPIs went on a selling spree in the Indian equity...
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