by AIP Online Bureau | Jun 13, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Policy
New Delhi: The government has asked all ministries and government departments to target 20 per cent reduction in expenditures like domestic and foreign travel, overtime allowance, rent and office expenses, in the current fiscal year as it tightens its purse strings...
by AIP Online Bureau | Jun 13, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic, Pension & Social Security
Former RBI Governor D Subbarao has expressed concerns over "extreme unevenness" in economic recovery and "sharpening inequalities" between upper income segments and lower income households in the country, cautioning that the trend will hit...
by AIP Online Bureau | Jun 13, 2021 | Banking & Bancassurance, Indian News, Life
New Delhi: In line with the proposed deal, Axis Bank is likely to raise its stake in Max Life Insurance to about 20 percent over the next 12-18 months, said the insurance company's CEO Prashant Tripathy said. Currently, Axis Bank and its two subsidiaries...
by AIP Online Bureau | Jun 13, 2021 | Indian News, Life, Non-Life, Policy, Regulation
New Delhi: Many heavyweight retired and current bureaucrats and a few insurers have applied for the post of chairman of the Insurance Regulatory & Development Authority of India(IRDAI) . The post has fallen vacant after Subhash C Khuntia, a former chief...
by AIP Online Bureau | Jun 12, 2021 | Eco/Invest/Demography, Indian News, Risk Management
An Indian court dismissed pleas on Friday by Amazon.com Inc and Walmart’s Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market. The Competition Commission of India (CCI)...
