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Parliamentary panel on Income Tax Bill adopts report makes 285 suggestions

by AIP Online Bureau | Jul 16, 2025 | Eco/Invest/Demography, Indian News, Policy

According to the government, the new Bill aims to simplify language, eliminate redundancy, and streamline procedures and processes to enhance the taxpayer experience New Delhi: A Parliamentary panel examining the Income Tax Bill-2025 on Wednesday made 285 suggestions...
India’s passenger vehicles and two-wheelers sector anticipates festive season boost, rural recovery in H2 FY2026: SIAM

India’s passenger vehicles and two-wheelers sector anticipates festive season boost, rural recovery in H2 FY2026: SIAM

by AIP Online Bureau | Jul 16, 2025 | Data, Eco/Invest/Demography, Non-Life

The report also highlights that the passenger vehicle segment crossed a milestone of 1 million mark in Q1 of 2025-26, specifically 1.01 million units. This is the 2nd time in a row in Q1 in the last 2 years that the sales for passenger vehicles crossed the 1 million...
SC directs FSSAI to implement Front-of-Pack nutrition labels on packaged foods

SC directs FSSAI to implement Front-of-Pack nutrition labels on packaged foods

by AIP Online Bureau | Jul 16, 2025 | Health, Indian News, Policy

The Union health ministry has also recently proposed displaying sugar and oil boards as an initiative to promote healthier dietary habits in various settings. New Delhi: The Supreme Court of India has directed Food Safety and Standards Authority of India (FSSAI) to...

About 1.4 lakh new PMJDY a/cs opened under financial inclusion saturation campaign: FinMin

by AIP Online Bureau | Jul 16, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life

Nearly 1.4 lakh new Jan Dhan accounts have been opened and more than 5.4 lakh new enrolments have been recorded under three Jan Suraksha Schemes in the past fortnight, the statement said New Delhi: About 1.4 lakh new Jan Dhan accounts have been opened in the past...
Earlier crop insurance scheme saw cheating as insurers got profits farmers didn’t benefit Minister

Earlier crop insurance scheme saw cheating as insurers got profits farmers didn’t benefit Minister

by AIP Online Bureau | Jul 16, 2025 | Indian News, Non-Life, Reinsurance

“Large-scale irregularities came to light (in the previous scheme). Some insurance companies indulged in irregularities. So a decision had to be taken. So far, crop insurance companies have earned profits of Rs 10,000 crore,” Maharashtra Agriculture...

by AIP Online Bureau | Jul 15, 2025 | Workplace/Employee Benefits

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ICICI Lombard general insurance net profit rises 29% to Rs 747 crore in Q1FY 26

ICICI Lombard general insurance net profit rises 29% to Rs 747 crore in Q1FY 26

by AIP Online Bureau | Jul 15, 2025 | Health, Indian News, Non-Life, Reinsurance

The insurer’s Combined Ratio, a key metric that compares claims and expenses to premium income, worsened to 102.9% in Q1FY26 from 102.3% a year ago though, there is fall in the underwriting losses of the company from Rs 346 crore in Q1 FY 25 to Rs 293 crore in...
ICICI Pru Life Q1 net jumps 34 pc to Rs 302 cr

ICICI Pru Life Q1 net jumps 34 pc to Rs 302 cr

by AIP Online Bureau | Jul 15, 2025 | Eco/Invest/Demography, Indian News, Life

ICICI Prudential Life Insurance MD and CEO Anup Bagchi said, “We reported a total premium growth of 8.1 per cent year-on-year in Q1 FY2026 on the back of our extensive distribution and comprehensive product suite”. New Delhi: ICICI Prudential Life...
Irdai forms panels to look into violations by insurers

Irdai forms panels to look into violations by insurers

by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management, Technology

“As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued there under, with respect to certain Insurers/Insurance Intermediaries, panels of Whole-Time Members were formed,”...
General insurers rush to become preferred choices for Tesla’s EV customers in India

General insurers rush to become preferred choices for Tesla’s EV customers in India

by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology

ACKO General Insurance,Zurich Kotak General Insurance and Liberty General Insurance have already announced their special EV covers on Tuesday for Tesla cars. Mumbai: As Elon Musk’s Tesla has set up its first show room in Mumbai for selling its electronic...
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