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RBI proposes separate categories of business correspondents, uniformity in wages

RBI proposes separate categories of business correspondents, uniformity in wages

by AIP Online Bureau | Apr 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

It also proposes to bring uniformity in the BC ecosystem with respect to the payment of commission or remuneration they get. Mumbai:The Reserve Bank of India (RBI) on Monday proposed that banking correspondents should be classified into two categories based on their...
Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy

Strait of Hormuz will never return to its former state, especially for US, Israel, vows Iranian Navy

by AIP Online Bureau | Apr 6, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

As per Press TV, the IRGC Navy made the remarks in a post on X and also noted that the preparations are underway for the “announced plan” of Iranian officials for a new order in the Persian Gulf. Tehran:As tensions escalate in West Asia and the Gulf...
GST Rationalisation:Indian auto sales hits all-time high growth in FY26, set to cross 3 crore mark, says FADA

GST Rationalisation:Indian auto sales hits all-time high growth in FY26, set to cross 3 crore mark, says FADA

by AIP Online Bureau | Apr 6, 2026 | Eco/Invest/Demography, Indian News, Non-Life

Passenger vehicles (PVs) crossed the 47-lakh mark for the first time, growing 13 per cent, supported by a rich new-model pipeline, steady urbanisation, and the sustained shift towards SUVs and alternative powertrains, the FADA data showed. New Delhi: Indian automobile...
New India ends FY26 with a global premium of around Rs 47,000 crore

New India ends FY26 with a global premium of around Rs 47,000 crore

by AIP Online Bureau | Apr 5, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation

Girija Subramanian, CMD, New India Assurance Recovering from a slow growth, Indian general insurance industry is expected to touch Rs 3.35 trillion of premium in FY 26 `New India Assurance is on track toward achieving Rs 50,000 crore premium milestone. Strong growth...
Agri Minister takes stock of crop losses from hailstorm, heavy rainfall as fresh western disturbance looms

Agri Minister takes stock of crop losses from hailstorm, heavy rainfall as fresh western disturbance looms

by AIP Online Bureau | Apr 5, 2026 | Eco/Invest/Demography, Indian News, Non-Life

Shivraj Singh Chouhan,Union Agriculture Minister The Agriculture Ministry, in a statement, said Chouhan has instructed officials to reach out to concerned state governments and compile damage assessments. New Delhi:Union Agriculture Minister Shivraj Singh Chouhan on...
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