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India: By 2025, digital transactions in India could be worth $1 trn a year

by AIP Online Bureau | Mar 13, 2018 | Data, Technology

  Demonetisation and cashless drive has pushed the growth trajectory of digital payments in India significantly, and by 2025, digital transactions in the country could be worth USD 1 trillion annually, says a report.   ...

Prices of 851 essential drug formulations cut in past 2 year: Government

by AIP Online Bureau | Mar 13, 2018 | Data, Health

Prices of 851 essential drug formulations were cut, mostly in the 5-40 per cent range, in the past 2 years, the government said today.    In a written reply to the Lok Sabha, Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya said the...

SC indefinitely extends March 31 deadline for mandatory linking of Aadhaar with various services

by AIP Online Bureau | Mar 13, 2018 | Indian News, Policy

New Delhi: The Supreme Court on Tuesday indefinitely extended March 31 deadline for mandatory linking of Aadhaar with various services. On December 15 last year, the apex court had extended till March 31 the deadline for mandatory linking of Aadhaar with various...

Parliamentary panel red-flags government’s ambitious healthcare scheme

by AIP Online Bureau | Mar 13, 2018 | Health, Indian News

NEW DELHI: The Modi government has released less than half of the budgeted allocation for health insurance of poor families in fiscal 2017-18, even as it promised to step up coverage with the proposed launch of what is called the world's largest...

India’s monsoon rains expected to be slightly below normal this year

by AIP Online Bureau | Mar 13, 2018 | Indian News

India's monsoon rains are expected to be slightly below normal this year, while parts of Australia's eastern grain belt could be drier as an El Nino weather pattern may develop in the second half of 2018, a private U.S.-based weather forecaster said. ...

SBI reduces charges for non-maintenance of minimum balance

by AIP Online Bureau | Mar 13, 2018 | Indian News

Mumbai: The charges on non-maintenance of an average monthly balance in savings accounts have been reduced by up to 75 per cent.   The State Bank of India on Tuesday reduced its charges on non-maintenance of an average monthly balance (AMB) in savings accounts by...

China to merge banking, insurance regulators in massive overhaul

by AIP Online Bureau | Mar 13, 2018 | International News, Regulation

BEIJING:  China unveiled plans on Tuesday for the biggest shakeup of government in at least a decade, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over a growing debt pile. ...

‘India incurred $55.39 bn losses in terms of labour output caused by air pollution in 2013’

by AIP Online Bureau | Mar 12, 2018 | Health, Indian News

  New Delhi: India, according to a report, incurred over USD 55 billion losses in terms of labour output caused by air pollution in 2013, which is about 0.84 percent of its GDP, the government today said.     Minister of State for Environment Mahesh...

Kidney related claims by youngsters on the rise:SBI Gen study

by AIP Online Bureau | Mar 12, 2018 | Health, Indian News

Mumbai: A claims data study by SBI General Insurance, on the occasion of World Kidney Day, revealed that in the age group of 18 to 35 years, there is a 26 per cent increase in claims for infectious and developmental complications of kidneys between FY 15-16 and...

11 A320neos grounded after 3rd mid-air scare in 2 weeks

by AIP Online Bureau | Mar 12, 2018 | Indian News, Risk Management

NEW DELHI: Aviation regulator Directorate General of Civil Aviation today grounded 11 A320 neo aircraft powered by a certain series of Pratt & Whitney engines following instances of engine failures during flights.   Of these, eight are operated by IndiGo and...
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