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Bharti AXA Life Insurance hires 10,000 insurance advisors and sets up 50 new branches across India

The annualised new business premium grew 48 per cent to Rs 422 crore in the first nine months of 2018-19 against Rs 286 crore in the similar period of 2017-18. The company posted 19 per cent growth in its renewal premium Rs 742 crore in the first three quarters of this fiscal, as compared to Rs 623 crore in the same period during the financial year 2017-18 

India’s data usage to grow at 73% CAGR by 2022: Assocham-PwC study

While internet penetration is increasing in India, with mobile internet penetration set to reach 56.7 per cent in 2022 from a mere 30.2 per cent in 2017, connectivity and consistency in speed issues need to be addressed, said the study titled ‘Video on Demand: Entertainment reimagined’.It further said that in a country where approximately 65-70 per cent of the population resides in rural areas, no service meant for the masses can afford to ignore this market. 

High value cars, jewellery to become cheaper as TCS to be excluded in computing GST

EY India Tax Partner Abhishek Jain said: “This clarification comes as quite a relief for businesses specifically the automotive sector. While most industry players already believed that GST should not be levied on the Income tax TCS component, given the otherwise clarification by the Government, they were quite apprehensive of litigation on this aspect”.

AIC chief TL Alamelu appointed as member,non-life,IRDAI

However, the much awaited order on the appointment of chairman of  Life Insurance Corporation(LIC) has not been announced as yet.Though, there is a buzz that  the name of MR Kumar,zonal manger, Delhi and the senior most LIC official, has been cleared by the ACC and PMO on Friday, no notification has been issued by the DOPT on Sunday. Similarly the names of Vipin Anand, zonal manager, Western Zone, and TC Suseelkumar, ZM, Hyderabad,are doing the rounds as newly appointed managing directors of the corporation.

China’s GDP growth pace was inflated for nine years, study finds

China’s GDP has long been criticized for either over- or under-estimating growth, or for smoothing out the fluctuations in real economic activities. Local authorities, eager to achieve economic growth goals so as to improve their own chances of promotion, used to report regional GDP figures that when summed would be more than 10 percent larger than the official national figure. 

Hybrid car-plane, van with gemstones: Luxury takes centre stage at Geneva Motor Show

The Battista is the first so-called hypercar – which are ultra-light, ultra-fast aerodynamic cars – that is fully electric, according to a Pininfarina sales rep on the floor.Only 150 Battistas will be made, each with a 1,900 horsepower engine can go from 0 to 100 kilometres (0-62 miles) per hour in less than two seconds. The vehicle, which carries a price tag of around two million euros ($2.2 million), was conceived for enthusiasts who have “money … and a really great passion for cars,” the sales rep said. 

EU and UN Women partner to boost women’s economic rights and opportunities in Asia

Anna-Karin Jatfors, UN Women’s acting Regional Director for Asia and the Pacific, said: “Women make crucial contributions to the region’s economies. WeEmpower Asia will create transformative partnerships between private sector companies, female entrepreneurs and women-led businesses, and policymakers to drive social change. It will benefit not only women, but also societies and economies as a whole.”

Pool Re’s new initiative to make businesses more resilient to terrorism in UK

Commenting on the collaboration, Minister of State for Security, Ben Wallace MP, said: “This project is one of the first of its kind – a collaboration between the police, the insurance sector, and the Government that will help to keep the country safe and secure. If we are to properly respond to the terrorist threat, we need to ensure everyone plays their part. That is why partnerships like this one are so vital and I thank Pool Re for their leadership.”