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India becomes 4th-highest funded fintech startup ecosystem globally

by AIP Online Bureau | Oct 5, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Technology

The sector witnessed significant growth in specific segments with alternative lending, banking tech and RegTech emerging as top performers in the first half this year Bengaluru: India’s fintech sector saw a 68 per cent surge in funding in the July-September period...

Antimicrobial resistance high in India, doctors should prescribe antibiotics only if needed: ICMR scientist

by AIP Online Bureau | Sep 27, 2023 | Facts

A study released by the Indian Council of Medical Research (ICMR) has found abuse of antibodies, antivirals or antifungals has increased drug resistance in the country. According to Dr Kamini Walia, senior scientist, ICMR, OTC drugs taken for diarrhoea like Norflox...
India’s economic growth threatened as household savings hit 16-year low

India’s economic growth threatened as household savings hit 16-year low

by AIP Online Bureau | Sep 25, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

“The household sector is consuming by borrowing more,” said Rupa Rege Nitsure economist with L&T Finance Holdings Ltd. This happens when income level stays stagnant but inflation creeps up. The recovery is not broad-based — while a section splurges on luxury...
India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits

A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,” Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will...

No reason for Canadian pension funds to back out from India: Official

by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Risk Management

”They are here because they are making higher returns here… So I don’t see any reason for them to back out because of the current situation, which hopefully we will sort out,” the official said. According to a report by think tank GTRI, Canadian...
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