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DoT introduces ‘Financial Fraud Risk Indicator’ to fight cyber fraud

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool, when digital payment is proposed to be made to such numbers New Delhi: In a major step towards combating cyber fraud and financial crime, the Department of...
Sebi cautions investors on stock market scams through social media platforms

Sebi cautions investors on stock market scams through social media platforms

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management

Sebi has observed that such entities use various strategies to gain investors’ trust and confidence. Generally, these entities send unsolicited invitations in the form of links to join WhatsApp groups — often under names like “VIP Group” or...

Central govt employees retiring day before annual pay hike date to get notional increment

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

As specifically mentioned in the orders of the apex court, “grant of the notional increment on January 1/July 1 shall be reckoned only for the purpose of calculating the pension admissible, and not for the purpose of calculation of other pensionary...

Japan’s 3 major casualty insurers plan to sell $9.5 billion of cross-held shares

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation

Eliminating cross shareholdings is seen by many as a yardstick for measuring corporate governance reform at Japanese companies. Japan’s industry body for non-life insurers told its members in September to cut their cross-shareholdings in the aftermath of a...
Climate risks cost EU farmers 28 billion euros a year, EU says

Climate risks cost EU farmers 28 billion euros a year, EU says

by AIP Online Bureau | May 21, 2025 | Workplace/Employee Benefits

“Climate change and its consequences could restrict farmers’ access to finance, as banks could become even more reluctant to take risks than they are today,” Christophe Hansen, the EU’s commissioner for agriculture and food, said in a statement, urging action to...
Cyberattack costs Marks & Spencer $403 million in operating profit

Cyberattack costs Marks & Spencer $403 million in operating profit

by AIP Online Bureau | May 21, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The British retailer will try to mitigate the impact with cost savings and insurance payouts, it said Wednesday. Online clothing and home orders, which account for more than £3 million of sales a day and have been suspended for more than three weeks, will be disrupted...
Use of term ‘bouncer’ intended to invoke fear terror in public mind: HC

Use of term ‘bouncer’ intended to invoke fear terror in public mind: HC

by AIP Online Bureau | May 21, 2025 | Indian News, Workplace/Employee Benefits

It also observed that the primary reason for engaging the services of a security agency or security guards is to ensure a safe and respectful space, but when these employers or employees become “miscreants”, assuming themselves to be extra-constitutional...
3/4th of India’s population at ‘high’ to ‘very high’ heat risk: CEEW study

3/4th of India’s population at ‘high’ to ‘very high’ heat risk: CEEW study

by AIP Online Bureau | May 21, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, Indian News

According to the study by Delhi-based climate and energy think-tank Council on Energy Environment and Water (CEEW), the 10 states and union territories with the highest heat risk include Delhi, Maharashtra, Goa, Kerala, Gujarat, Rajasthan, Tamil Nadu, Andhra Pradesh,...

Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years

by AIP Online Bureau | May 20, 2025 | Eco/Invest/Demography, Indian News, Policy

For ITR-U filed within 12 months and 24 months of the end of relevant AY, 25 per cent and 50 per cent additional tax respectively have to be paid. New Delhi: The Income Tax department has notified ITR-U which will allow taxpayers to file updated returns for 4 years...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr

Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr

by AIP Online Bureau | May 20, 2025 | Indian News, Intermediaries, Life, Non-Life, Workplace/Employee Benefits

“CCI approves the proposed combination involving acquisition of stake in Bajaj Allianz Life Insurance Company, Bajaj Allianz General Insurance Company and Bajaj Allianz Financial Distributors by Bajaj Finserv, Bajaj Holdings & Investment and Jamnalal...
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