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India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

by AIP Online Bureau | Aug 31, 2025 | Banking & Bancassurance, Pension & Social Security, Policy

Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor said 55 crore accounts have been opened under the scheme to ensure participation of people from all sections in the country’s growth journey, providing them with savings, pension, insurance,...
India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

by AIP Online Bureau | Aug 30, 2025 | Climate, Environment, Renewable Energy, Features, Non-Life, Reinsurance

When asked about issues on warranty and insurance due to usage of E20 fuel on non-E20 vehicles, SIAM Executive Director PK Banerjee said, “The E20 fuel-related insurance and warranty, any claim, whoever is spreading is misplaced. There will be honouring of the...
Q1 GDP numbers reflect India’s resilience, outlook remains positive: Economic Affairs Secretary

Q1 GDP numbers reflect India’s resilience, outlook remains positive: Economic Affairs Secretary

by AIP Online Bureau | Aug 30, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

Anuradha Thakur, Secretary, Department of Economic Affairs “There could be some near-term disturbances, but in the overall year scenario…we are not changing our growth figures as yet,” she said, referring to the GDP estimates for the entire 2025-26...
India making major strides towards self-reliance in high end medical devices: Govt

India making major strides towards self-reliance in high end medical devices: Govt

by AIP Online Bureau | Aug 30, 2025 | Eco/Invest/Demography, Health, Indian News, Technology

Amit Agrawal, Secretary, Department of Pharmaceuticals, Amit Agrawal, Secretary, Department of Pharmaceuticals, noted that, post-COVID, India has successfully crossed a significant milestone in domestic manufacturing of advanced equipment, including MRI and CT scan...
India’s GDP grows 7.8% in Q1; highest in five quarters

India’s GDP grows 7.8% in Q1; highest in five quarters

by AIP Online Bureau | Aug 29, 2025 | Eco/Invest/Demography, Indian News, Policy

India remains the fastest-growing major economy, as China’s GDP growth in the April-June period was 5.2 per cent Commerce and Industry Minister Piyush Goyal on Friday said the government will soon announce measures to boost exports and domestic consumption,...
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