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India ranks among top world’s most equal societies, says World Bank report

by AIP Online Bureau | Jul 5, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The Gini Index, a key measure of income distribution where 0 represents perfect equality and 100 denotes maximum inequality, places India ahead of advanced economies, including China (35.7), the United States (41.8), and all G7 and G20 countries. India’s score...

Should anti-ageing medicines be banned in India?

by AIP Online Bureau | Jul 5, 2025 | Facts, Health

“Anti-ageing medicine is becoming very popular but it’s mostly unregulated. Many of these products are sold without proper scientific studies to prove they work. Some may even have harmful side effects, especially if taken for long periods,” former AIIMS...
India’s first weather derivative aims to protect farmers from weather volatility

India’s first weather derivative aims to protect farmers from weather volatility

by AIP Online Bureau | Jul 5, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management, Technology

Mrutyunjay Mohapatra, Director General, India Meteorological Department “On the real-time rainfall, they can find out whether it is as per the climatological trend or there is a deviation… Accordingly, there could be some decisions concerning agriculture as well...

State finance ministers’ panel discusses ways to curb ITC frauds sector-specific tax evasion

by AIP Online Bureau | Jul 4, 2025 | Eco/Invest/Demography, Indian News

As per data on ITC frauds unearthed by central and state GST officers, over the two years 2023-24 and 2024-25, a total of 42,140 fake firms were detected, which were involved in fraudulently generating ITC of over Rs 1.01 lakh crore. New Delhi: A panel of state...

LIC introduces 2 new plans- LIC’s Nav Jeevan Shree & LIC’s NavJeevan Shree Single Premium

by AIP Online Bureau | Jul 4, 2025 | Data, Life, Wealth Management/ Philanthropy

In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. Mumbai: Sat Pal Bhanoo, CEO & MD (In-Charge), Life Insurance Corporation, launched two new plans, LIC’s Nav Jeevan Shree and...
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