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Flood fury causes massive damage in Telangana. State govt put initial estimate at Rs 5,438 cr

by AIP Online Bureau | Sep 8, 2024 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance

Crops have been damaged in about five lakhs of acres, canals and ponds breached, bridges, roads and railway tracks were washed away and electric sub-stations and electric poles were damaged.state government has put the initial estimate at Rs 5,438 crore. Hyderabad: A...
GST Council meet: Taxation on insurance premium, rate rationalisation key hopes

GST Council meet: Taxation on insurance premium, rate rationalisation key hopes

by AIP Online Bureau | Sep 8, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Nirmala Sithraman,Union Finance Minister The meeting is going to deliberate upon whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens. New Delhi: With an aim to ensure less...
Squatter demands Rs 50 crore to vacate Bima Sugam’s domain name

Squatter demands Rs 50 crore to vacate Bima Sugam’s domain name

by AIP Online Bureau | Sep 6, 2024 | Indian News, Life, Non-Life, Technology

Details like, when exactly he developed the site, whether he knew about IRDAI’ Bima Sugam project by the time he started developing the website, which is being talked about for almost last two years, what activities he was undertaking through the site, are not known...

Average household spending on food less than half for 1st time in modern India

by AIP Online Bureau | Sep 6, 2024 | Data, Eco/Invest/Demography, Policy

However, this decline was more substantial for the bottom 20 per cent of the households in rural and urban areas. In all likelihood, this reflects the effectiveness of the government’s food security policies, which provide free food grains to large numbers of...
August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers

August auto sales dip due to excess rainfall, FADA urge banks to tighten funding to dealers

by AIP Online Bureau | Sep 6, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Non-Life

Despite this monthly setback, the sector witnessed a modest 2.88 percent year-on-year (YoY) growth compared to August 2023 New Delhi: Auto retail sales in India experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon...
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