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No I-T lens on deposits up to Rs 2.5 lakh by housewives post note ban: ITAT

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Indian News, Policy

New Delhi: Cash deposits of up to Rs 2.5 lakh by housewives post demonetisation will not come under I-T scrutiny as the Income Tax Appellate Tribunal (ITAT) has held that such deposits cannot be treated as income of the assessee. Ruling on an appeal filed by an...

9 months after lockdowns, US births see biggest decline since 1973

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Pandemic, Pension & Social Security

Nine months after the declaration of a national emergency due to the emergence of the Covid-19 pandemic, U.S. births fell by 8% in a month. The December drop marked an acceleration in declines in the second part of the year. For the full year, the number of babies...

Hybrid SIRC planned in 2021, Current EC of Singapore Reinsurers’ Association re-elected for 2021-22

by AIP Online Bureau | Jun 23, 2021 | International News, Non-Life, Reinsurance

  Singapore:: The much awaited annual gathering of  global reinsurers at the upcoming “17th Singapore International Reinsurance Conference'' (SIRC), in 2021,to be organised by the Singapore Reinsurers’ Association...

States” reopening strategy not ”prudent” as vaccination coverage low in many places: Report

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

  New Delhi: States'' re-opening strategy in the wake of decline in COVID cases is not "prudent" and might even result in rise in infections as vaccine coverage remains low in many states, global forecasting firm Oxford Economics said on...

Men took bigger jobs hit in pandemic across euro zone: ECB study

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Facts, Health, Life, Non-Life, Pandemic

  Men suffered bigger jobs losses across the euro zone during the COVID-19 pandemic, a European Central Bank study found on Wednesday, confounding some earlier predictions that women would take a bigger hit as they are overrepresented in the most affected...

Moody’s cuts India growth forecast for 2021 to 9.6 pc

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for 2021 calendar year, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses...

New universal coronavirus vaccine may help prevent the next pandemic

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic

  Washington: Scientists have developed a universal vaccine that protected mice not just against COVID-19 but also other coronaviruses while triggering the immune system to fight off a dangerous variant. While no one knows which virus may cause the next outbreak,...

FM calls for re-thinking financing and development priorities for inclusive, resilient infra

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Indian News, Policy

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday made a case for re-thinking financing and development priorities for inclusive, sustainable and resilient infrastructure aligned with Sustainable Development Goals (SDGs). Adopted in 2015, SDGs are the...

KM Birla won’t buy firms with global supply chains, cites protectionism

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Indian News, Risk Management

Indian billionaire Kumar Mangalam Birla, who oversees the $46 billion Aditya Birla Group spread across 36 countries, is no longer keen to acquire any firm with a globally diversified supply chain as protectionism and the pandemic increasingly curb the movement of...

From burgers to airfare, discount offers stack up for inoculated Indians

by AIP Online Bureau | Jun 23, 2021 | Eco/Invest/Demography, Health, Indian News, Pandemic

  BENGALURU: Discounts on items ranging from fast food to flights are being offered by Indian firms keen to lure people to get vaccinated against the coronavirus, as the economy re-opens gradually from weeks of lockdown. While businesses in the West make similar...
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