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LS passes Finance Bill; completes budgetary exercise for FY23

by AIP Online Bureau | Mar 25, 2022 | Eco/Invest/Demography, Indian News, Policy

The number of taxpayers has increased to 9.1 crore from 5 crore a few years back, she said, adding the government is taking steps to widen the tax base and the faceless assessment has been received well by the people She further said that IFSC in Gujarat is making...

Airbus partners with Airlift Global for chopper ambulance service in India

by AIP Online Bureau | Mar 25, 2022 | Health, Indian News

Under the partnership, Airbus and Airlift Global would jointly develop a pilot project integrating air ambulance and medical emergency service for improved healthcare accessibility and connectivity in both urban and rural environments Aircraft-maker Airbus on Friday...

EU-U.S. data transfer deal cheers business, but worries privacy activists

by AIP Online Bureau | Mar 25, 2022 | Eco/Invest/Demography, International News, Technology

“A new agreement will provide companies of all sizes the legal certainty to transfer, analyze, and use data on both sides of the Atlantic. The ability to move data is critical in today’s digitally connected economy,” said U.S. Chamber of Commerce Executive...

Saudi Aramco storage petroleum facility hit by Houthi attack, causing fire

by AIP Online Bureau | Mar 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The Iran-aligned Houthis, who are battling the coalition led by Saudi Arabia, have intensified attacks on energy facilities in the kingdom, the world’s largest oil exporter. This week, Riyadh said it would not bear responsibility for any global oil supply...

Prominent insurance brokers probed by for Bribery and Corruption by UK Serious Fraud Office

by AIP Online Bureau | Mar 25, 2022 | Intermediaries, International News, Non-Life, Regulation, Reinsurance

The investigation is linked to a U.S. Department of Justice probe into corruption at Ecuador’s state-run insurance fund, Seguros Sucre The insurance firm, which is in the process of being liquidated, is emblematic of a culture of graft that has kept former President...
Covid variant worse than Omicron in next 2 years: UK epidemiologist

Covid variant worse than Omicron in next 2 years: UK epidemiologist

by AIP Online Bureau | Mar 25, 2022 | Eco/Invest/Demography, Facts, Health, Pandemic, Policy

England’s chief medical officer, Chris Whitty England’s chief medical officer, Chris Whitty noted that the strain could cause “worse problems” than Omicron and the challenges from the current strain are “not by any means trivial”,...
Vistara in talks with lessors to fill long-haul gap amid 787 delays

Vistara in talks with lessors to fill long-haul gap amid 787 delays

by AIP Online Bureau | Mar 25, 2022 | Indian News, Non-Life

Vinod Kannan,chief executive,Vistara, said the market was too volatile to consider ordering new planes right now. But, in the longer run, Vistara could also consider buying Airbus A350s, he said. Vistara has about 50 aircraft, including two 787-9s received before the...
FAA warns Boeing may not win certification for 737 MAX 10 by year-end

FAA warns Boeing may not win certification for 737 MAX 10 by year-end

by AIP Online Bureau | Mar 25, 2022 | International News, Regulation, Technology

Boeing said Thursday it continues “to work transparently with the FAA to provide the information they need and remain committed to meeting their expectations, including regarding 777-9 and 737-10 certification” WASHINGTON: The U.S. Federal Aviation...
UK sketches out first regulatory approach to crypto

UK sketches out first regulatory approach to crypto

by AIP Online Bureau | Mar 25, 2022 | Eco/Invest/Demography, Technology

Cryptoassets, such as bitcoin and ether, are largely unregulated as they fall outside the regulatory ‘perimeter’ and a change of law would be needed to bring them under the full scope of UK securities rules, a step Britain’s finance ministry is...

ANZ becomes first Australian bank to mint stablecoin

by AIP Online Bureau | Mar 25, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Facts, Technology

A stablecoin is a kind of digital asset that is devised to keep its value stable in relation to another asset, and are frequently used as a portal to other cryptocurrencies or to generate income in decentralised financial systems The company’s move to mint...
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