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Indian billionaires’ wealth a third of country’s GDP; Adani biggest wealth gainer

Indian billionaires’ wealth a third of country’s GDP; Adani biggest wealth gainer

by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Health, Indian News, Wealth Management/ Philanthropy

Gautam Adani, founder and chairman of the Adani Group The country is home to 284 billionaires whose cumulative wealth rose by 10 per cent to Rs 98 lakh crore, or a third of the country’s GDP, the report said. Interestingly, amid the concerns on concentration of wealth...
No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

No specific prohibition on use of AI-based tools by govt depts Union minister Jitendra Singh

by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

However, government functionaries are expected to exercise due diligence and caution to ensure safety, security and confidentiality of public information while using any digital technology or platform, Union minister Jitendra Singh said in a written reply to the Rajya...

I-T deptt offices to remain open on March 29-31: CBDT

by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Regulation

In an order, the Central Board of Direct Taxes (CBDT) said “to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025.” Reserve Bank of India (RBI) and IRDAI have...
Economic uncertainty drives a cautious approach to sustainability in Asia Pacific, Beazley report

Economic uncertainty drives a cautious approach to sustainability in Asia Pacific, Beazley report

by AIP Online Bureau | Mar 27, 2025 | Workplace/Employee Benefits

Jessica Schappell, Head of Asia Pacific, Beazley said,“Communities and businesses across Asia are experiencing the devastating and wide-ranging impact of climate risk, yet our data reveals that executives are turning their attentions to the economic uncertainties of...
RBI may cut interest rates further and keep liquidity flush as economy braces for trade turmoil

RBI may cut interest rates further and keep liquidity flush as economy braces for trade turmoil

by AIP Online Bureau | Mar 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

Sanjay Malhotra, Governor, Reserve Bank of India Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system, allowed the rupee to slide, and eased restrictions on...
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