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India’s e-car plan has just one potentially flaw

by AIP Online Bureau | May 6, 2019 | Eco/Invest/Demography, Indian News, Risk Management, Technology

New Delhi: Dirty air has finally become an issue in Indian election manifestos, along with perennial subjects such as temple-building and farmers’ incomes. That shouldn’t be a surprise: Even politicians can’t escape air pollution, which has reduced...

ITRs fell in 2018-19 due to inclusion of past AY’s return filings: I-T dept

by AIP Online Bureau | May 6, 2019 | Eco/Invest/Demography, Indian News

New Delhi: The Income Tax Department Monday sought to justify a sharp 6.6 lakh drop in the number of I-T returns filed online during 2018-19 saying the number shown on its e-filing website for the financial year included returns of previous fiscal years.   While...

Cyclone Fani: PM grants Rs 1,000 cr more for relief work; hails CM Patnaik

by AIP Online Bureau | May 6, 2019 | Disaster & Management, Eco/Invest/Demography, Indian News

  Bhubaneswar: Prime Minister Narendra Modi on Monday conducted an aerial survey to take stock of the loss and destruction in areas affected by Cyclone Fani in Odisha and announced Rs 1,000 crore more to the state government for conducting relief and restoration...

Volkswagen gets relief as SC stays Rs 500-cr penalty imposed by NGT

by AIP Online Bureau | May 6, 2019 | Climate, Environment, Renewable Energy, Indian News, Risk Management

  New Delhi: Volkswagen gets relief as SC stays Rs 500-cr penalty imposed by NGT   The Supreme Court Monday said no coercive action will be taken against German auto major Volkswagen against whom the National Green Tribunal has imposed a fine of Rs 500 crore...

Forgers are forcing $9-trillion global trade financing into digital age

by AIP Online Bureau | May 6, 2019 | Eco/Invest/Demography, International News, Risk Management, Technology

The $9 trillion business of financing global trade needs to go digital, according to southeast Asia’s second-biggest lender.   Forgers have become so adept at faking documents used by banks that going paperless has become a necessity for the industry, said...

Boeing did not disclose 737 MAX alert issue for more than a year, says FAA

by AIP Online Bureau | May 6, 2019 | International News, Risk Management

  Chicago | Washington:  Boeing Co did not tell US regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the...

41 feared dead after Russian passenger plane crash-lands in Moscow: Report

by AIP Online Bureau | May 5, 2019 | International News, Non-Life

Moscow: Forty-one people including at least two children are believed to have died when a Russian passenger plane made an emergency landing and was engulfed in flames at Moscow's busiest airport Sunday, investigators said.   Dramatic footage shared on social...

Income tax e-filers drop by 6.6 lakh in FY19

by AIP Online Bureau | May 5, 2019 | Eco/Invest/Demography, Indian News

Mumbai: In a first in the recent history of tax filings, income tax e-filings in FY2019 have dropped by more than 6.6 lakh, a trend that analysts said was surprising as tax base was expected to increase post demonetisation.   According to statistics put out on...

From its formation to landfall, how IMD tracked cyclone ‘Fani’

by AIP Online Bureau | May 5, 2019 | Disaster & Management, Indian News, Technology

  New Delhi: Thirteen days before cyclone 'Fani' hit the Odisha coast, the IMD had an indication that the low pressure in the Bay of Bengal and the Equatorial Indian Ocean could balloon into a massive storm and started preparing for the onslaught, the...

Indian passenger vehicle growth slowest since 2014

by AIP Online Bureau | May 5, 2019 | Indian News

  Mumbai: India’s car stocks have lost $42 billion in value in the last 16 months, and some analysts say the rout may not be over.   A gauge of automobile companies has fallen 30 percent since reaching a record in December 2017, and is the...
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