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FPIs pull out over Rs 6,200 cr in Oct so far as global recession fears loom

by AIP Online Bureau | Oct 13, 2019 | Eco/Invest/Demography, Indian News

New Delhi: Foreign portfolio investors withdrew over Rs 6,200 crore from Indian capital markets in the first two weeks of October, as global recession fears and trade war concerns weighed on sentiments.   Foreign investors pulled out a net amount of Rs 4,955.2...

India’s growth rate to fall to 6%, will recover to 7.2% in 2022: World Bank

by AIP Online Bureau | Oct 13, 2019 | Eco/Invest/Demography, Indian News, Risk Management

    Washington:  After a broad-based deceleration in the initial quarters of this fiscal year, India's growth rate is projected to fall to 6 per cent, the World Bank said on Sunday.   In 2018-19, the growth rate of the country stood at 6.9 per...

India recognises the need for environmentally sustainable development strategy: IMF

by AIP Online Bureau | Oct 13, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

 Washington:  The International Monetary Fund looks at India as a country that recognizes the need for an environmentally sustainable development strategy as the global community gears up for a decisive fight against climate change.   "If you look...

Weight gain before age 40 linked to multiple cancers: Study

by AIP Online Bureau | Oct 12, 2019 | Uncategorized

  Individuals who are either overweight or obese before the age of 40 have an increased risk of developing different types of cancer, according to a study.   The results of the research, published in the International Journal of Epidemiology, revealed that...

Typhoon Hagibis: Biggest Japan storm in decades makes landfall

by AIP Online Bureau | Oct 12, 2019 | Disaster & Management, Eco/Invest/Demography, International News

  Tokyo: Torrential rain and tornado-like winds are lashing large parts of Japan, as the country endures what could be its worst storm for 60 years.   The eye of Typhoon Hagibis made landfall on Japan's main island shortly before 19:00 local time (10:00...

Boeing partners with Porsche on electric flying car

by AIP Online Bureau | Oct 12, 2019 | Facts, Technology

  U.S. planemaker Boeing Co said on Thursday it was working with Volkswagen’s (VOWG_p.DE) sports car brand, Porsche, to develop a concept electric flying vehicle capable of transporting people in urban settings.   Boeing is already competing with...

Number of crorepati taxpayers up 20% to 97,689 in AY 2018-19: CBDT data

by AIP Online Bureau | Oct 11, 2019 | Eco/Invest/Demography, Indian News, Life

New Delhi; The number of crorepati taxpayers shot up 20 per cent to 97,689 during assessment year (AY) 2018-19, as per tax returns data released by the revenue department. The number such individuals having taxable income of over Rs 1 crore stood at 81,344 during AY...

General Insurance premiums grow 17 % to Rs 96,000 cr in H12019-20

by AIP Online Bureau | Oct 11, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  Mumbai: The Indian economy, particularly auto sales, that contribute the largest amount of premiums for the Indian general insurance sector, may be slowing down, but the general insurance industry has maintained a healthy growth of 16 per cent in the ...

London market premium rises to £28.4 bn

by AIP Online Bureau | Oct 11, 2019 | Eco/Invest/Demography, International News, Non-Life

  London: Premium income in the London company market has increased to £28.437bn, a new report by the International Underwriting Association (IUA) has shown. Gross written premium in London for 2018 was £19.559bn while a further £8.877bn was...

Kenyan farmers snap crops with phones to improve insurance payouts

by AIP Online Bureau | Oct 11, 2019 | Articles, Eco/Invest/Demography, Non-Life

  MUIRI, Kenya: Farmer Thomas Mwiraria surveyed the parched terrain at a church compound in Muiri village in central Kenya, and asked a passing agricultural officer when he thought the rains would come.   Like many others here, Mwiraria had yet to harvest...
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