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Domestic air passenger traffic crosses 10-mn mark in Nov; Omicron has potential to derail recovery’

by AIP Online Bureau | Dec 7, 2021 | Data, Eco/Invest/Demography

ICRA Vice-President and Sector Head Suprio Banerjee said, ”Though the recovery continued in November, demand continues to be subdued from the corporate traveller segment as reflected by the passenger traffic being lower by around 19 per cent in November 2021...

New premium income of life insurers up 42 pc at Rs 27,177 cr in Nov: Irdai

by AIP Online Bureau | Dec 7, 2021 | Indian News, Life

The insurance behemoth LIC — the only state-owned life insurer in the country — witnessed over 32 per cent rise in the first-year business premium in November at Rs 15,967.51 crore, as against Rs 12,092.66 crore in the year-ago same period, Irdai data...
Proposed India bill banning crypto payments could mean jail for violations

Proposed India bill banning crypto payments could mean jail for violations

by AIP Online Bureau | Dec 7, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

The government’s plans to crack down heavily on cryptocurrency trading sparked a frenzy in the market and several investors exited with significant losses. New Delhi: Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India...
SpiceJet says Madras High Court has stayed its earlier order of winding up the airline

SpiceJet says Madras High Court has stayed its earlier order of winding up the airline

by AIP Online Bureau | Dec 7, 2021 | Indian News, Non-Life

In a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an order of “winding up SpiceJet and appointment of official liquidator” in a case filed by Credit Suisse claiming non-payment of $24.01 million dues to engine...
Families of 1,509 healthcare workers paid insurance claim of Rs 50L each under PMGKP: Govt

Families of 1,509 healthcare workers paid insurance claim of Rs 50L each under PMGKP: Govt

by AIP Online Bureau | Dec 7, 2021 | Indian News, Non-Life, Pandemic, Policy, Workplace/Employee Benefits

Minister of State for Health Bharati Pravin Pawar Further, on account of the unprecedented situation, private hospital staff and retired or volunteer/local urban bodies/contract/daily wage/ad-hoc/outsourced staff requisitioned by states/central hospitals/autonomous...
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