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Talent eludes India’s BFSI global capability centres; market to hit $135 bn by 2032: report

by AIP Online Bureau | Aug 21, 2025 | Data, Eco/Invest/Demography, Technology

India is home to nearly 190 BFSI GCCs which employ nearly 540,000 professionals, accounting for one-fourth of the total GCC workforce, said the report. Mumbai: Rapidly expanding global capability centres of banking, financial services and insurance (BFSI) sector has...
Turkish ports asking ships to declare they are not linked to Israel, shipping sources say

Turkish ports asking ships to declare they are not linked to Israel, shipping sources say

by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, International News, Risk Management

The guarantee letter should state that vessel owners, managers, and operators have no ties to Israel, and that certain types of cargo, including explosives and radioactive materials or military equipment, are not on board en route to Israel, the second source said....
Nayara turns to dark-fleet tankers and Russian oil for survival

Nayara turns to dark-fleet tankers and Russian oil for survival

by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

The refiner, part-owned by Russian oil major Rosneft PJSC, is an important pillar of the Indian market. Its 400,000 barrels-a-day processing plant accounts for 8% of the country’s refining, and the company operates 7% of its fuel stations. It’s been forced to reduce...

Senior citizen health covers witness a strong growth

by AIP Online Bureau | Aug 21, 2025 | Data, Eco/Invest/Demography, Health, Non-Life

“Approximately 6 in 10 health insurance policies are purchased between ages 60-65, with this bracket alone accounting for approx. 57 per cent of all followed by a steady rise in the 66-70 segment as awareness and health risks increase”. New Delhi: On the...
Lok Sabha passes bill to ban online games played with money

Lok Sabha passes bill to ban online games played with money

by AIP Online Bureau | Aug 20, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The bill also seeks to prohibit advertisement related to online money games and bars banks and financial institutions from transferring funds for any of such games New Delhi: The Lok Sabha on Wednesday passed a bill to ban the operating, facilitating and advertising...
Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary

Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary

by AIP Online Bureau | Aug 20, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life

Finance Minister Nirmala Sitharaman chairs a meet of group of ministers(GoM) on GST rationilsation on Wednesday Bihar Deputy Chief Minister Samrat Choudhary said the Group of Ministers (GoM) on Goods and Services Tax (GST) will propose exempting health and life...
FM Sitharaman to address GoM over simplified 2-slab GST structure

FM Sitharaman to address GoM over simplified 2-slab GST structure

by AIP Online Bureau | Aug 20, 2025 | Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Finance Minister The GST Council is expected to meet on September 18-19 to take a final call on the proposal New Delhi: Finance Minister Nirmala Sitharaman was set to address group of ministers (GoM) in a key meeting here on Wednesday, where...
GST Revamp: Inverted duty structure is a key concern for insurers

GST Revamp: Inverted duty structure is a key concern for insurers

by AIP Online Bureau | Aug 19, 2025 | Articles, Eco/Invest/Demography, Non-Life, Policy

Rakesh Jain, CEO, Reliance General Insurance A key concern is the inverted duty structure, which leads to accumulation of unutilised input tax credits, as insurers are unable to offset taxes paid on many input services that attract higher GST rates. This mismatch...
Flying car, four-wheeled robot shine at Nepal auto show

Flying car, four-wheeled robot shine at Nepal auto show

by AIP Online Bureau | Aug 19, 2025 | Data, Facts, Technology

Deepal’s eVTOL (electric Vertical Take-Off and Landing) UAV, a flying car manufactured in China and Unitree Robots’ advanced four-wheeled robot are the main attractions in the 17th edition of NADA Auto Show. Kathmandu: In a first, a flying car and four wheeled robot...
Europe’s wildfires burned the most land in nearly 20 yrs

Europe’s wildfires burned the most land in nearly 20 yrs

by AIP Online Bureau | Aug 19, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

Fire activity has surged in recent weeks as another blast of unseasonable heat sapped the last moisture from Europe’s fields and forests, leaving them primed to ignite. Deadly, wind-whipped blazes have flared from Portugal and Spain to Greece and Albania. Researchers...
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