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Govt raises wage hike offer to 14% from 12% for PSU general insurance industry

Govt raises wage hike offer to 14% from 12% for PSU general insurance industry

by AIP Online Bureau | Aug 25, 2025 | Indian News, Non-Life

The GIPSA has called for a virtual meeting of unions on Tuesday noon Earlier, the unions of of PSU general insurance industry had rejected a 12 per cent wage hike offered by the Department of Financial Services and demanded a 17 per cent hike to be on par with the...

Willis expands into specialty lines, hires talent in Japan

by AIP Online Bureau | Aug 25, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

The Japanese general insurance market is projected to grow from JPY11.7 trillion (US$81.1 billion) in 2024 to JPY12.7 trillion (US$93.9 billion) by 2028, at a compound annual growth rate of 2.2%. TOKYO: Willis, a WTW business, today announced a significant expansion...
Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report

Embeded Resilience: Banks need to manage climate, cyber and geo-political risks, says BCG Report

by AIP Online Bureau | Aug 25, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Technology

C S Setty, chairman, State Bank of India, said, “India’s Digital Public Infrastructure has revolutionized access through Aadhaar, UPI, and Jan Dhan, and the next frontier lies in DPI 2.0 platforms like Account Aggregator and Unified Lending Interface (ULI). To unlock...
Atal Pension Yojana crosses 8.11 crore enrollments with over Rs 48,000 crore AUM

Atal Pension Yojana crosses 8.11 crore enrollments with over Rs 48,000 crore AUM

by AIP Online Bureau | Aug 25, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

It is rapidly gaining popularity amongst female population and younger generation of the country. In the FY 2024-25, out of the total enrolments, 55 per cent were women New Delhi: The total gross enrollments under Atal Pension Yojana (APY) have crossed 8.11 crore (as...
Plea in SC challenges mandatory sale of 20 ethanol blended petrol

Plea in SC challenges mandatory sale of 20 ethanol blended petrol

by AIP Online Bureau | Aug 25, 2025 | Eco/Invest/Demography, Indian News, Risk Management

Cars and two-wheelers manufactured before 2023, and even some newer BS-VI models, are not compatible with such high ethanol blends, it said. The plea highlighted damage to engines, dropping of mileage among other consequences of the move. It also sought direction for...
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