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India’s richest 1% own more than 40% of total wealth: Oxfam

by AIP Online Bureau | Jan 16, 2023 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Since the pandemic begun to Nov 2022, billionaires in India have seen their wealth surge by 121 per cent or Rs 3,608 crore per day in real terms, Oxfam said On the other hand, approximately 64 per cent of the total Rs 14.83 lakh crore in Goods and Services Tax (GST)...
India’s GDP growth estimated to slip to 7 pc in 2022-23: Govt data

India’s GDP growth estimated to slip to 7 pc in 2022-23: Govt data

by AIP Online Bureau | Jan 7, 2023 | Eco/Invest/Demography, Indian News, Policy, Risk Management

Financial, real estate and professional services segment is projected to grow at 6.4 per cent in the current fiscal, up from 4.2 per cent in 202-22 New Delhi: The Indian economy is estimated to grow at 7 per cent in the 2022-23 fiscal, down from 8.7 per cent a year...
India’s GDP nearing to $20 trillion, per capita income at $10k by 2047, says Bibek Debroy

India’s GDP nearing to $20 trillion, per capita income at $10k by 2047, says Bibek Debroy

by AIP Online Bureau | Jan 5, 2023 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

New Delhi: India’s GDP will be close to USD 20 trillion by 2047 and per capita income may reach USD 10,000 (at current value of USD), Bibek Debroy, chairman, Economic Advisory Council to the Prime Minister, said on Wednesday. Virtually addressing the inaugural...

Toyota Motor’s Indian unit warns of a possible customer data breach

by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

“Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM’s customers on the internet”, TKM said in an emailed statement without disclosing the size of...

RT-PCR test mandatory for passengers arriving from China, Singapore, Thailand

by AIP Online Bureau | Jan 2, 2023 | Eco/Invest/Demography, Indian News, Pandemic, Policy

The ministry release issued by Lav Agarwal, additional secretary, Ministry of Health and Family Welfare, said the ministry has decided to revise and update its existing guidelines for International arrivals in view of the rising COVID cases in the above-mentioned...
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