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FPIs go on selling spree post super-rich tax, withdraw Rs 7,712 cr in July

by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Foreign portfolio investors pulled out around Rs 7,712 crore from Indian equities in this month so far following the 'super-rich' tax announced in the budget for 2019-20, according to analysts.   FPIs had been net investors in the equity...

Odisha received 26.3% deficit rainfall till July 19

by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News, Non-Life

Bhubaneswar: Odisha has received 26.3 per cent deficit rainfall during this monsoon as 21 of the state's 30 districts recorded less than the normal precipitation till July 19, state Revenue and Disaster Management Minister Sudam Marandi told the Assembly Saturday....

Africa’s working-age population likely to top Asian labour force by 2100

by AIP Online Bureau | Jul 21, 2019 | Articles, Eco/Invest/Demography

Africa’s potential workforce will likely be larger than that of Asia by the end of the 21st century as both continents wrestle with different demographic and economic challenges.   The number of 15-to-64-year-old Africans today is a quarter of the size of...

LIC offering Rs 1.25 trillion by 2024 for highway projects, says Gadkari

by AIP Online Bureau | Jul 21, 2019 | Eco/Invest/Demography, Indian News, Life

New Delhi: As part of innovative modes of financing to meet India's huge infrastructure appetite, insurance giant LIC has agreed to offer Rs 1.25 trillion line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said.   Keen on timely...

Private insurance firms got Rs 46 crore premium in 2 years, paid Rs 7 crore in claims to railway passengers: RTI

by AIP Online Bureau | Jul 21, 2019 | Indian News, Non-Life

NEW DELHI: Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has...
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