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Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik

Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik

by AIP Online Bureau | Nov 17, 2025 | Eco/Invest/Demography, Indian News, Life, Policy

Ratnakar Patnaik,managing director,LIC, appealed to the government for a review into the three-year-old policy of taxing maturity proceeds for policies with premium of over Rs 5 lakh. “Is it time to upgrade or revise upwards to up to Rs 10 lakh, the maturity...
Around 1.3 million transformer failures occur in India annually

Around 1.3 million transformer failures occur in India annually

by AIP Online Bureau | Nov 17, 2025 | Data, Eco/Invest/Demography, Risk Management, Technology

In a meeting on Distribution Transformer, it has been highlighted that the “national distribution transformer failure rate averages around 10 per cent, amounting to nearly 1.3 million transformer failures annually”. New Delhi: Around 1.3 million...
DPDP Rules:Centre mulls compressing timeline cites industry’s adherence to global data norms

DPDP Rules:Centre mulls compressing timeline cites industry’s adherence to global data norms

by AIP Online Bureau | Nov 17, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

“So as we go forward once data protection board is put in place and the complete digital framework, which has already been prepared, is rolled out… after that we will have further amendments in rules so that we can compress the timelines,” IT Minister...
AI tool in national disease surveillance helped issue over 5 000 alerts to health authorities Data

AI tool in national disease surveillance helped issue over 5 000 alerts to health authorities Data

by AIP Online Bureau | Nov 17, 2025 | Data, Eco/Invest/Demography, Health

News reports in print, electronic and online media are scanned by media scanning and verification tool under India’s ‘Integrated Disease Surveillance Programme’ (IDSP) for unusual health events, which are then shared with authorities for further...

Willis appoints Anthony Wong as Head of Casualty in Asia

by AIP Online Bureau | Nov 17, 2025 | Briefs, Non-Life

Willis, a WTW business , today announced the appointment of Anthony Wong as Head of Casualty in Asia, effective immediately.Based in Singapore, Anthony will be part of the Property & Casualty (P&C) business in Asia and reports to Paul Ward, Head of P&C...
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