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Govt forms ‘Jal Shakti’ Ministry for conserving and promoting Water Resources

by AIP Online Bureau | May 31, 2019 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The government formed a new 'Jal Shakti' Ministry by merging the ministries of Water Resources and Drinking Water and Sanitation with Gajendra Singh Shekhawat at its helm.    Gajendra Singh Shekhawat took charge of the ministry on...

Ambani weighs selling Reliance General Insurance to reduce debt

by AIP Online Bureau | May 31, 2019 | Indian News, Non-Life

  Mumbai: Beleaguered Indian tycoon Anil Ambani is in talks to sell his group’s general insurance unit to a shadow lender, people familiar with the matter said, as he seeks to reduce debt.   Reliance Capital Ltd., controlled by Ambani, is discussing...

AM Best maintains a negative market segment outlook on India’s non-life insurance market

by AIP Online Bureau | May 31, 2019 | Indian News, Non-Life

  SINGAPORE: AM Best is maintaining a negative market segment outlook on India’s non-life insurance market, supported by key factors that include continued reliance on realized and unrealized investments gains to offset technical losses, potential...

Nirmala Sitharaman appointed as new FM, Budget on July 5

by AIP Online Bureau | May 31, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: The first session of the newly-elected Lok Sabha has been convened from June 17 to July 26 and the new government of Prime Minister Narendra Modi will present its first Budget on July 5, in which it is expected to provide an insight about the...

Cabinet launches pension covers for farmers and retail traders

by AIP Online Bureau | May 31, 2019 | Eco/Invest/Demography, Indian News, Workplace/Employee Benefits

  New Delhi: In a major push to boost rural consumption, the Modi government in its first Cabinet meeting decided to cover all the farmers, irrespective of their land holdings, under PM Kisan scheme that promises to transfer Rs 6,000 in their bank accounts....
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