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‘Money mule’ bank accounts on the rise in India: Report

by AIP Online Bureau | Feb 22, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Mule accounts are owned by people who are duped by fraudsters into laundering stolen/illegal money via their bank accounts. When such incidents are reported, the “money mule” becomes the target of investigations due to their involvement New Delhi: Banks in...

Salaries in India to increase 9.5 pc in 2024: Aon survey

by AIP Online Bureau | Feb 21, 2024 | Data, Eco/Invest/Demography, Intermediaries

India continues to roll out the highest salary increases amongst the major economies amidst geopolitical tensions, followed by Bangladesh, and Indonesia with 7.3 per cent and 6.5 per cent average salary increases in 2024 New Delhi: Salaries in India are expected to...

Outlook for Indian economy appears bright, 7 pc GDP growth expected in FY’25: FinMin report

by AIP Online Bureau | Feb 21, 2024 | Eco/Invest/Demography, Indian News, Policy

Talking about tailwinds for the next financial year, the report said prospects of healthy Rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in FY25 New Delhi:The outlook for the Indian...
India seeks $26 bln of private nuclear power investments

India seeks $26 bln of private nuclear power investments

by AIP Online Bureau | Feb 20, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India’s total electricity generation. The funding would help India to achieve its target of having 50% of its...
Indian diesel diverted to Asian markets as Houthis attacks impact flows to Europe

Indian diesel diverted to Asian markets as Houthis attacks impact flows to Europe

by AIP Online Bureau | Feb 20, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Tankers heading to Europe or the Atlantic Basin are being forced by the Houthi threat to go around South Africa’s Cape of Good Hope, increasing journey lengths and costs, or use the Suez Canal, “with the risks involved and extremely high war risk insurance Shipments...
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