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China’s GDP growth pace was inflated for nine years, study finds

by AIP Online Bureau | Mar 9, 2019 | Data, Eco/Invest/Demography

  China over-reported its economic growth between 2008 and 2016 by an average of 1.7 percentage points, according to a recent study by researchers at the Chinese University of Hong Kong and the University of Chicago.    The discrepancy came from local...

Government expects 1 crore enrollment for new pension scheme by end March

by AIP Online Bureau | Mar 8, 2019 | Eco/Invest/Demography, Indian News, Pension & Social Security

  Mumbai: Junior labour minister Santosh Kumar Gangwar Friday said the government is expecting over 1 crore workers to get enrolled into the newly-launched Pradhan Mantri-Shram Yogi Maandhan Yojana by the end of the month. "Under this scheme, people will get...

IRDA prepares stringent norms to check conflict of interest among officials of insurance cos

by AIP Online Bureau | Mar 8, 2019 | Indian News, Regulation, Risk Management

  Hyderabad: In a bid to address conflicts of interest arising out of the appointment of common directors,the insurance regulator IRDA has said it should be the responsibility of the board of directors of the insurance companies to formulate policy to...

World’s biggest sovereign wealth fund to decide on dumping oil

by AIP Online Bureau | Mar 8, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Norway will announce on Friday whether its sovereign wealth fund, which is the world's biggest and has been fuelled by petrodollars, will divest its oil and gas holdings in a decision keenly awaited by climate activists.   While the decision is said to be...

Amid trade tensions with US, India wants Iran oil sanction waiver extended

by AIP Online Bureau | Mar 8, 2019 | Eco/Invest/Demography, Indian News

  New Delhi:: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said....

Lloyd’s appoints Hayley Spink as head of global operations

by AIP Online Bureau | Mar 8, 2019 | International News, Non-Life, Reinsurance

  London: Lloyd’s has appointed Hayley Spink as Head of Global Operations   In her new role Hayley will provide operational leadership for Lloyd’s internal and market wide programmes, reporting to Chief Operating Officer, Shirine Khoury-Haq....

Passenger vehicle sales down 11% to 2,72, 284 units in February: SIAM

by AIP Online Bureau | Mar 8, 2019 | Eco/Invest/Demography, Indian News, Non-Life

  New Delhi: Domestic passenger vehicle (PV) sales declined 1.11 per cent to 2,72, 284 units in February from 2,75,346 units in the same month the previous year.   Domestic car sales were also down 4.33 per cent at 1,71,372 units as compared to 1,79,122...

Business organisations need to pay up to Rs 20 for using Aadhaar services: UIDAI

by AIP Online Bureau | Mar 7, 2019 | Eco/Invest/Demography, Indian News, Risk Management, Technology

  New Delhi: Business organisations using Aadhaar services will now have to pay Rs. 20 for each customer verification and 50 paise for authentication of each transaction carried out by the entities, the Unique Identification Authority of India (UIDAI) said on...

Amazon-JPMorgan-Berkshire Health-Care Venture to Be Called Haven

by AIP Online Bureau | Mar 7, 2019 | Health, International News

  The mysterious new health-care venture announced by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. will be called Haven, the firm announced Wednesday.   Haven also unveiled a website, havenhealthcare.com, and a letter from Chief...

83% women, 87% men worried over financial future: S&P report

by AIP Online Bureau | Mar 7, 2019 | Eco/Invest/Demography, Indian News

   New Delhi: With unemployment rates hitting an all time high amidst falling economic growth in the country, a report has revealed that as many as 83 percent women and 87 percent of men are worried about their financial future.   Moreover, 84 percent...
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