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India’s savings rate shoots past global average: SBI report

by AIP Online Bureau | Dec 23, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography

“Due to various measures, India’s financial inclusion improved significantly and now more than 80 per cent of adults in India have a formal financial account, compared to about 50 per cent in 2011, which is improving the financialisation of the savings rate of...
India’s insurance penetration falls further from 4% to 3.7% in FY 24

India’s insurance penetration falls further from 4% to 3.7% in FY 24

by AIP Online Bureau | Dec 23, 2024 | Indian News, Life, Non-Life, Policy, Regulation

According to the latest IRDAI annual report for Fy 23-24, released today after its ratification in the winter session of Parliament the insurance penetration for life insurance industry has again marginally declined from 3 per cent in the previous year to 2.8 per cent...

Net inflows in SIPs up 233 pc in India this year, MF industry sees 135 pc growth

by AIP Online Bureau | Dec 21, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Interestingly, the net AUM which was at Rs 49.05 lakh crore in November last year, crossed the historic milestone to touch Rs 68.08 lakh crore in November this year Total inflows into the mutual fund industry grew by 135.38 per cent at Rs 60,295.30 crore in November...

Autism a significant health burden in India: Study

by AIP Online Bureau | Dec 21, 2024 | Data, Eco/Invest/Demography, Health

The study showed that India had 708·1 case of ASD per 100, 000 persons in 2021. Of these, 483·7 were females, while 921·4 were males. About 140 per 100,000 persons suffered poor health and disability due to ASD in India in 2021 New Delhi: Autism spectrum disorder...

Security vulnerabilities hinder AI adoption in India, reveals Deloitte report

by AIP Online Bureau | Dec 17, 2024 | Data, Risk Management, Technology

“…about 92 per cent of Indian executives identify security vulnerabilities, including hacking and cyber threats, as a primary concern in AI adoption, while 91 per cent express significant concern about the privacy risks related to sensitive data in AI usage New...
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