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Public must use “look, touch, and feel” method to verify notes: RBI

Public must use “look, touch, and feel” method to verify notes: RBI

by AIP Online Bureau | Aug 31, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management

M Rajeshwar Rao,Deputy Governor , RBI According to an official statement here, Rao said that while counterfeit currency circulation is minimal, the public must continue to use the “look, touch, and feel” method to verify notes. Chandigarh: Reserve Bank of...
Motor Vehicle Tax shouldn’t be levied if vehicle not used in ‘public place’: SC

Motor Vehicle Tax shouldn’t be levied if vehicle not used in ‘public place’: SC

by AIP Online Bureau | Aug 31, 2025 | Eco/Invest/Demography, Indian News, Policy

Motor vehicle tax is compensatory in nature. It has a direct nexus with the end use. The rationale for levy of motor vehicle tax is that a person who is using public infrastructure, such as, roads, highways etc. has to pay for such usage,” the apex court said....
India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

by AIP Online Bureau | Aug 31, 2025 | Banking & Bancassurance, Pension & Social Security, Policy

Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor said 55 crore accounts have been opened under the scheme to ensure participation of people from all sections in the country’s growth journey, providing them with savings, pension, insurance,...
Climate change impacting India severely, moonshot tech key for sustainable development: NITI Aayog

Climate change impacting India severely, moonshot tech key for sustainable development: NITI Aayog

by AIP Online Bureau | Aug 31, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology

“India’s development journey is unprecedented — our economy growing while pursuing a low-carbon and sustainable path. This transition will be energy-intensive, yet we are progressing steadily on our Nationally Determined Contributions (NDCs) and promoting...
India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

by AIP Online Bureau | Aug 30, 2025 | Climate, Environment, Renewable Energy, Features, Non-Life, Reinsurance

When asked about issues on warranty and insurance due to usage of E20 fuel on non-E20 vehicles, SIAM Executive Director PK Banerjee said, “The E20 fuel-related insurance and warranty, any claim, whoever is spreading is misplaced. There will be honouring of the...
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