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India’s declining household savings amid reduced FDI is big concern: Report

by AIP Online Bureau | Mar 1, 2025 | Data, Eco/Invest/Demography, Risk Management, Wealth Management/ Philanthropy

A major reason for this decline mentioned by the report is the drop in household financial savings, which fell from 10.1 per cent of GDP in FY00 (Year 2000) to just 5 per cent in FY23. At the same time, financial liabilities have risen sharply from 2 per cent to 5.8...
Maruti domestic PV sales marginally up; Hyundai, Tata report decline in Feb

Maruti domestic PV sales marginally up; Hyundai, Tata report decline in Feb

by AIP Online Bureau | Mar 1, 2025 | Data, Eco/Invest/Demography, Non-Life

“MPVs and SUVs continue to be the primary growth drivers, contributing 68 per cent to overall sales,” Toyota Kirloskar Motor Vice President, Sales-Service-Used Car Business Varinder Wadhwa said New Delhi: Leading passenger vehicle maker Maruti Suzuki on...

From April 1, no sale of petrol to vehicles older than 15 years: Delhi Minister Sirsa

by AIP Online Bureau | Mar 1, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Risk Management

Addressing media persons after a meeting, Delhi Forest and Environment Minister Manjinder Singh Sirsa ,said, “Special gadgets are being installed at petrol pumps to identify vehicles older than 15 years so that they are not sold fuel.” New Delhi: Delhi Forest and...

PSU general insurers promote record number of officials to fill up post of GMs and DGMs

by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Reinsurance

GIPSA, the coordinating agency for the six PSU companies, has completed the largest ever promotional exercises in the industry and published the results to fill up 30  post of general managers and 97 deputy general mangers(DGMs) New Delhi: After creating a...
Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26

Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26

by AIP Online Bureau | Feb 28, 2025 | Indian News, Non-Life, Regulation, Reinsurance

The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC Re), will be 4% (four percent) during the financial year beginning from 1st April, 2025 to 31st March, 2026, except the terrorism premium and...
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