by AIP Online Bureau | Aug 30, 2019 | Eco/Invest/Demography, Indian News, Non-Life
New Delhi: Sharp deceleration in manufacturing output and subdued farm sector activity pulled down India's gross domestic product (GDP) growth to a seven-year low of 5 per cent in the April-June quarter of 2019-20, according to official data released on...
by AIP Online Bureau | Aug 30, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries
New Delhi: The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low. Finance Minister Nirmala...
by AIP Online Bureau | Aug 30, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries
Mumbai: The number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent in the year, RBI’s annual report showed. In FY19, banking sector reported 6,801 frauds...
by AIP Online Bureau | Aug 29, 2019 | International News, Non-Life, Reinsurance
OLDWICK, N.J: The global reinsurance market as a whole has exhibited more underwriting control as evidenced by a holding back of capacity at the midyear 2019 renewals; however, questions remain over the sustainability of this newfound discipline, according to a...
by AIP Online Bureau | Aug 29, 2019 | Eco/Invest/Demography, Facts, Health
The World Health Organization (WHO) and UN-Water today sounded the alarm for an urgent increase in investment in strong drinking-water and sanitation systems. The call came as the international water sector meets in Stockholm for its annual...
