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GST rates to ‘substantially’ reduce by Diwali: Modi

GST rates to ‘substantially’ reduce by Diwali: Modi

by AIP Online Bureau | Aug 15, 2025 | Eco/Invest/Demography, Indian News, Policy

Prime Minister Narendra Modi addressing the nation on 79th Independence Day in New Delhi on Friday Analysts say, Modi’s statements on GST indicate that the much awaited GST reduction proposals in Health Insurance and Term life insurance policies, which is on...

by AIP Online Bureau | Aug 14, 2025 | Data, Eco/Invest/Demography, Risk Management, Technology, Wealth Management/ Philanthropy

Mumbai: Crypto exchange platform CoinDCX on Thursday said it has rolled out a nationwide financial literacy initiative with an investment of Rs 10 crore to empower every Indian with the knowledge to participate in the rapidly growing digital asset economy....
Swiss Re sets up task force to monitor tariff impact

Swiss Re sets up task force to monitor tariff impact

by AIP Online Bureau | Aug 14, 2025 | Eco/Invest/Demography, International News, Reinsurance, Risk Management

Chief Executive Officer Andreas Berger said he doesn’t see the tariffs directly affecting the reinsurance industry, but the task force aims to find out how there are indirect impacts from the levies. Swiss Re AG has set up a task force to see how the tariffs installed...

Australia’s financial regulator sues Mercer over customer disclosures

by AIP Online Bureau | Aug 14, 2025 | Eco/Invest/Demography, International News, Pension & Social Security, Regulation

The lawsuit comes after an Australian Securities and Investments Commission report criticized leadership across the A$4.1 trillion pensions industry for fostering a culture of poor customer service, outlining 34 recommendations for reform. The regulator has also taken...
Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

by AIP Online Bureau | Aug 14, 2025 | Banking & Bancassurance, Indian News, Non-Life

In a letter made public on Monday, the Justice Department said the subsidiary, Liberty General Insurance, paid $1.47 million in bribes to six state-owned banks, which in exchange referred customers to its insurance products. Washington: US insurer Liberty Mutual will...
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