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Protecting the Planet from Asteroids, Comets

by AIP Online Bureau | Jun 26, 2018 | International News, Risk Management

  New York: The U.S. government is stepping up efforts to protect the planet from incoming asteroids that could wipe out entire regions or even continents.   The National Science and Technology Council released a report last week calling for improved...

Four million jobs added in 8 months till April as per EPFO data: CSO report

by AIP Online Bureau | Jun 25, 2018 | Data

NEW DELHI: As many as 41.26 lakh new jobs were created in the eight months till April this year, with largest ever addition of 6.85 lakh in April alone as per the payroll data of EPFO, says Central Statistics Office.   The CSO had brought out the first release of...

IDBI-LIC stake deal: FinMin official says boards to take a call

by AIP Online Bureau | Jun 25, 2018 | Indian News

  Mumbai: The government today sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank, saying the boards of the respective entities will take a call on the matter.   "Both IDBI Bank...

Asia accounts for 50% of global populace but only constitutes 30% of world GDP

by AIP Online Bureau | Jun 25, 2018 | International News

  Mumbai: Asian countries need to come together to improve their infrastructure connectivity to increase their GDP share in the global economy. At a panel discussion held as part of the third Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on...

Insurtech PolicyBazaar raises over $200 mn investment led by SoftBank

by AIP Online Bureau | Jun 25, 2018 | Indian News, Technology

  Mumbai: Insurance web aggregator PolicyBazaar raised more than $200 million in a new investment round led by the SoftBank Vision Fund. ETechAces Marketing & Consulting which owns India’s PolicyBazaar.com and India’s marketplace, PaisaBazaar.com...

Package rates in Ayushman Bharat scheme will put patient safety at stake: IMA

by AIP Online Bureau | Jun 25, 2018 | Health, Indian News

  New Delhi: The Indian Medical Association (IMA) today rejected the Centre's recently announced packages in its ambitious National Health Protection Mission under which treatment for coronary bypass, knee replacements and stents among others would be...

AIIB funds for OBOR projects:Govt refuses to spell out stance

by AIP Online Bureau | Jun 24, 2018 | Indian News

  Mumbai:  Putting Indian insurers and reinsurers in a major dilemma, New Delhi today declined to spell out its stance on a possible funding of a project linked to Beijing's ambitious USD 4 trillion One Belt One Road (OBOR) initiative by the Asian...

More than 120 million Indians expected to shop online this year

by AIP Online Bureau | Jun 24, 2018 | Data, Technology

  New Delhi: A recent study has revealed that over 120 million Indian consumers are expected to shop online this year.   As per an ASSOCHAM-Resurgent joint study, online shopping is expected to clock annualised growth of 115 percent this year, aided by...

Govt to improve norms for auditors, corp professionals

by AIP Online Bureau | Jun 24, 2018 | Indian News, Risk Management

  New Delhi: The government is working to improve the regulations for auditors and corporate professionals as it looks to strengthen the "fabric of corporate governance" in the country, according to Union Minister P P Chaudhary.   His comments come...

AIIB to invest $200 mn into NIIF Fund of Funds for Infra Projects in India

by AIP Online Bureau | Jun 24, 2018 | International News

  Mumbai:  The Asian Infrastructure Investment Bank (AIIB) is likely to invest $200 million in a fund of funds set up by India to take interest in infra projects, a top government official said on Sunday.   Economic affairs secretary SC Garg said there...
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