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India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

India to become world’s third largest economy soon, says RBI Guv; hails PM Jan Dhan Yojana

by AIP Online Bureau | Aug 31, 2025 | Banking & Bancassurance, Pension & Social Security, Policy

Sanjay Malhotra, Governor, Reserve Bank of India The RBI governor said 55 crore accounts have been opened under the scheme to ensure participation of people from all sections in the country’s growth journey, providing them with savings, pension, insurance,...
Climate change impacting India severely, moonshot tech key for sustainable development: NITI Aayog

Climate change impacting India severely, moonshot tech key for sustainable development: NITI Aayog

by AIP Online Bureau | Aug 31, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology

“India’s development journey is unprecedented — our economy growing while pursuing a low-carbon and sustainable path. This transition will be energy-intensive, yet we are progressing steadily on our Nationally Determined Contributions (NDCs) and promoting...
India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

India’s push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling

by AIP Online Bureau | Aug 30, 2025 | Climate, Environment, Renewable Energy, Features, Non-Life, Reinsurance

When asked about issues on warranty and insurance due to usage of E20 fuel on non-E20 vehicles, SIAM Executive Director PK Banerjee said, “The E20 fuel-related insurance and warranty, any claim, whoever is spreading is misplaced. There will be honouring of the...
At least 320 dead in Himachal floods, losses over Rs 3,000 crore

At least 320 dead in Himachal floods, losses over Rs 3,000 crore

by AIP Online Bureau | Aug 30, 2025 | Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life

The state has suffered losses of over Rs 3,040 crore due to 91 flash floods, 45 cloudbursts and 93 major landslides it has witnessed during the ongoing monsoon season, the State Emergency Operation Centre (SEOC) data showed. Shimla: Five houses were damaged as...
Q1 GDP numbers reflect India’s resilience, outlook remains positive: Economic Affairs Secretary

Q1 GDP numbers reflect India’s resilience, outlook remains positive: Economic Affairs Secretary

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

Anuradha Thakur, Secretary, Department of Economic Affairs “There could be some near-term disturbances, but in the overall year scenario…we are not changing our growth figures as yet,” she said, referring to the GDP estimates for the entire 2025-26...
Govt to study ways to address buildings’ height curb issues near airports to rope in ICAO experts: Naidu

Govt to study ways to address buildings’ height curb issues near airports to rope in ICAO experts: Naidu

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

K Rammohan Naidu, Civil Aviation Minister Asserting that aviation safety is the top priority and will not be compromised, the minister also said the government plans to develop aerotropolises or cities developed around airports. New Delhi: The government will carry...

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’...
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