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Economic Survey pegs India’s GDP growth rate at 6.5-7 pc for 2024-25

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Policy

India’s economy carried forward the momentum it built in FY23 into FY24 despite a gamut of external challenges. India’s real GDP grew by 8.2 per cent in FY24, exceeding the 8 per cent mark in three out of four quarters of FY24. The focus on maintaining macroeconomic...

Over 34.7 cr Ayushman Bharat cards generated: Economic Survey

by AIP Online Bureau | Jul 22, 2024 | Health, Indian News, Non-Life, Policy, Reinsurance

“Considering the multiplier effect of low costs, the scheme saves more than 1.25 lakh crore of out-of-pocket expenditure for poor and deprived families,” Finance Minister Nirmala Sitharaman said New Delhi: More than 34.7 crore Ayushman Bharat cards have been...

Need to focus on improving airlines viability; ensure environmental sustainability: Eco Survey

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy

“The aviation industry in India is on the cusp of unprecedented growth, with a strong order book of more than 1500 aircraft placed by Indian airlines and a projected demand for over 2,200 aircraft by 2042,” it said. For India to take a leadership position...

Eco Survey calls for paradigm shift to counter rising mental health and obesity issues among Indians

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Health, Indian News, Policy, Workplace/Employee Benefits

Mental health drags down productivity more widely in the ecosystem than individuals’ physical health issues, it noted. Quoting the National Mental Health Survey (NMHS) 2015-16 data, the survey said 10.6 per cent of adults suffered from mental disorders in India...

Insurers face business interruption claims after global tech outage

by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management

“Some cyber insurance policies exclude non-malicious events, and there are waiting periods and deductibles that businesses will have to consider before making a claim with their insurance carriers,” said Nir Perry, CEO at CyberWrite, a cyber insurance risk...
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