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Sebi comes out with new mechanism to reward whistleblowers, informants

by AIP Online Bureau | Dec 24, 2019 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

Mumbai: Markets watchdog Sebi on Tuesday came out with a new mechanism to reward whistleblowers and other informants for sharing information about insider trading cases.   Under the new framework, it would be mandatory to disclose the source of information,...

DGCA to inspect GoAir’s A320neo planes’ PW engines, used for over 3000 hrs

by AIP Online Bureau | Dec 24, 2019 | Indian News, Risk Management

New Delhi: Aviation regulator DGCA on Tuesday decided to inspect all Pratt and Whitney (PW) engines, which have been used for more than 3000 hours, of GoAir's A320neo planes, an official said.   The decision came after PW engine of a GoAir A320neo plane...

Total frauds at banks rise 74% to Rs 71,543 crore in 2018-19: RBI

by AIP Online Bureau | Dec 24, 2019 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

New Delhi: Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167 crore in the previous financial year, according to a report by the Reserve Bank of India.   The number of fraud cases reported by lenders also...

Cabinet approves Rs 6,000 Atal Bhujal scheme for ground water management

by AIP Online Bureau | Dec 24, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

New Delhi: The Union Cabinet on Tuesday approved the Atal Bhujal Yojana, a Rs 6,000 crore scheme for sustainable management of ground water resources, Union Minister Prakash Javadekar said.   The scheme will cover 8,350 villages of Karnataka, Madhya Pradesh,...

Centre aims to extract $2 trn contribution from MSMEs in $5 trn economy

by AIP Online Bureau | Dec 24, 2019 | Eco/Invest/Demography, Indian News

  New Delhi: The government on Tuesday said it envisions micro, small and medium enterprises (MSMEs) to contribute USD 2 trillion to the country's target of becoming USD 5 trillion economy by 2024.   Under the Prime Minister's Employment Generation...

1.24 mn jobs created in Oct, marginal rise from Sept: ESIC payroll data

by AIP Online Bureau | Dec 24, 2019 | Data, Eco/Invest/Demography

  Around 1.24 million jobs were created in India in October as compared with 1.23 million in the previous month, according to payroll data of Employees' State Insurance Corporation (ESIC).   Gross enrolments of new subscribers with ESIC were 1.49...

India approves funds for population survey amid protests over citizenship law

by AIP Online Bureau | Dec 24, 2019 | Eco/Invest/Demography, Indian News

  NEW DELHI:  India’s cabinet approved funds on Tuesday for a census and population survey to be conducted next year, amid fears that the database could be used to build a controversial citizens register, against which there have been widespread...

Boeing CEO Muilenburg quits after 737 twin crashes

by AIP Online Bureau | Dec 24, 2019 | International News, Non-Life, Risk Management

  Boeing on Monday replaced its embattled chief executive, Dennis Muilenburg, saying a change was necessary as it attempts to restore its reputation amid the protracted 737 MAX crisis.   Boeing named board Chairman David Calhoun as chief executive and...

Has India’s growth slowdown bottomed out? Animal spirits indicate so

by AIP Online Bureau | Dec 24, 2019 | Eco/Invest/Demography, Indian News

  Mumbai: Has India's growth slowdown bottomed out? Animal spirits indicate sondia’s economy showed nascent signs it may be turning a corner after six straight months of anemic activity.   Two of the eight high-frequency indicators compiled by...

Delhi may witness longest December cold spell in 22 years, says IMD

by AIP Online Bureau | Dec 24, 2019 | Climate, Environment, Renewable Energy, Indian News

New  Delhi: The national capital is likely to witness its longest cold spell in December after 1997 with the Meteorological Department predicting another cold day on Tuesday.   According to Kuldeep Srivastava, head of the India Meteorological...
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