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8 oppn-ruled states demand mechanism to ensure GST rate cut benefits get passed on to consumers

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

“Eight Opposition-ruled states — Karnataka, Himachal Pradesh, Jharkhand, Kerala, Punjab, Tamil Nadu, Telangana, and West Bengal — have extended their support to the reduction in the number of GST rate slabs and a reduction in the rates themselves for...
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...
Cloudbursts landslides in Uttarakhand 6 killed 11 missing

Cloudbursts landslides in Uttarakhand 6 killed 11 missing

by AIP Online Bureau | Aug 29, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News

Uttarakhand has been hit hard by natural calamities this monsoon season. Dehradun: Six people were killed and 11 went missing as heavy rains and a series of cloudbursts wreaked havoc in various districts of Uttarakhand early Friday, triggering landslides that damaged...
Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch

Global reinsurance results very strong in 1H25, Revenue growth is slowing: Fitch

by AIP Online Bureau | Aug 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Fitch expects competition to intensify as supply outpaces demand, with further price softening and slight loosening of terms and conditions at the upcoming renewals, although underwriting discipline should persist. Chicago/Paris/London: Global reinsurers’...
Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days

Stock market decline wipes out Rs 11.21 lakh cr from investors’ wealth in 3 days

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

“The Sensex ended Friday’s trade on a subdued note, slipping 270.92 points to close at 79,809.65 as persistent concerns over US tariffs on Indian exports weighed on investor sentiment and kept foreign inflows under pressure,” Vikram Kasat, Head...
LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25

LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25

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

LIC had an asset base of Rs 56.23 lakh crore as of June , 2025 Mumbai: State owned Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year. The...
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,...
Reliance Jio to launch IPO in first half of 2026, expand business overseas: Mukesh Ambani

Reliance Jio to launch IPO in first half of 2026, expand business overseas: Mukesh Ambani

by AIP Online Bureau | Aug 29, 2025 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Mukesh Ambani,Reliance Industries Chairman and Managing Director Recently the company had announced 50:50 joint venture with Allianz Group for setting up an Indian reinsurance company. It had also signed agreement with Allianz to explore life and general insurance in...
AHPI withdraws suspension of cashless hospitalisation notice served on Bajaj Allianz

AHPI withdraws suspension of cashless hospitalisation notice served on Bajaj Allianz

by AIP Online Bureau | Aug 29, 2025 | Health, Indian News, Non-Life

Commenting on the issue, APHI Director General Girdhar Gyani said, “We urge all the insurers to work in partnership with hospitals and restore cashless services, as the disruption is placing an unfair financial and emotional burden on patients. They also need to...
India’s economy resilient but US trade policies a downside risk, central bank bulletin says

India’s economy resilient but US trade policies a downside risk, central bank bulletin says

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

Favourable rainfall and temperature conditions, along with improved rural wages, are likely to help keep rural demand strong while rate cuts and fiscal measures should help overall demand in the economy, it said. MUMBAI: The Indian economy remains resilient, backed by...
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