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Household consumption expenditure jumps in India as incomes rise

by AIP Online Bureau | Jun 11, 2024 | Data, Eco/Invest/Demography, Policy

In absolute terms, the monthly per capita consumption expenditure in the country’s rural areas shot up to Rs 2,008 in 2022-23 from Rs 1,430 in 2011-12 Urban India also recorded a robust gain of 33 per cent with per capita household consumption expenditure rising to Rs...

Domestic passenger vehicle sales rise 4% in May to 347,492 units: SIAM

by AIP Online Bureau | Jun 11, 2024 | Data, Eco/Invest/Demography, Non-Life

Moreover, the two-wheeler segment saw a notable 10% rise in sales, reaching 16,20,084 units in May, compared to 14,71,550 units in the same period last year New Delhi: India’s passenger vehicle wholesales experienced a 4% year-on-year growth in May 2023,...
GI Council to develop a tech platform auto-generating jobs seamlessly to surveyors for retail claims: IRDAI

GI Council to develop a tech platform auto-generating jobs seamlessly to surveyors for retail claims: IRDAI

by AIP Online Bureau | Jun 11, 2024 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management, Technology

The system should be developed in such a manner that whenever a claim is reported by the customer and registered by the insurer, the assignment of surveyor should happen automatically on a random basis by the new digital platform. The system will also seamlessly...

Russian Oil tanker does secret cargo switch near Singapore to dodge US sanctions

by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Risk Management

Russia has shipped about 3.4 million barrels a day of crude so far this year, valued at about $37 billion at the point of export, and working around western sanctions has been part of that The first Russian oil tanker attempting to deliver crude while under US...

Former Allianz employee pleads guilty to fraud over $7-billion funds collapse

by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The case stemmed from the March 2020 collapse of the German insurer’s now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private...
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