by AIP Online Bureau | Mar 28, 2025 | Eco/Invest/Demography, Policy
“But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax,” Finance Minister Nirmala Sitharaman said New Delhi: The Rajya Sabha on...
by AIP Online Bureau | Mar 28, 2025 | Disaster & Management, Eco/Invest/Demography, International News
Rescuers work at the site of a collapsed building after the tremors of a strong earthquake that struck central Myanmar on Friday affected Bangkok, Thailand, (REUTERS) Myanmar’s government said blood was in high demand in the hardest-hit areas. Images of buckled and...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Intermediaries, Non-Life, Regulation, Reinsurance
Indian general insurers, which will be generating a premium of over three lakh crore rupees in Fy 25, in their detailed representation to the IRDAI, explained that the proposed regulations are reducing choice for the insurers, reducing reinsurance capacity for the...
by AIP Online Bureau | Mar 27, 2025 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
“As the first global systemically important bank with a validated science-based target, ING is showing how large financial institutions can support climate stabilization in the real economy,” Nate Aden, head of Financial Standards at the Science-Based Targets...
by AIP Online Bureau | Mar 27, 2025 | Intermediaries, Risk Management, Technology
Malaysian Prime Minister Anwar Ibrahim said separately on Tuesday that hackers demanded a $10 million ransom for the cyberattack A cyber security threat affecting computer systems at the Kuala Lumpur International Airport was detected on Sunday, the National Cyber...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance, Risk Management
The vessel has protection and indemnity (P&I) insurance cover from Russian company Soglasie.Indian refiners buy Russian oil on delivered basis with ship, insurance and other servics arranged by the seller. NEW DELHI: Indian port authorities denied entry to an...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Health, Indian News, Wealth Management/ Philanthropy
Gautam Adani, founder and chairman of the Adani Group The country is home to 284 billionaires whose cumulative wealth rose by 10 per cent to Rs 98 lakh crore, or a third of the country’s GDP, the report said. Interestingly, amid the concerns on concentration of wealth...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
However, government functionaries are expected to exercise due diligence and caution to ensure safety, security and confidentiality of public information while using any digital technology or platform, Union minister Jitendra Singh said in a written reply to the Rajya...
by AIP Online Bureau | Mar 27, 2025 | Eco/Invest/Demography, Indian News, Regulation
In an order, the Central Board of Direct Taxes (CBDT) said “to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025.” Reserve Bank of India (RBI) and IRDAI have...
by AIP Online Bureau | Mar 27, 2025 | Workplace/Employee Benefits
Jessica Schappell, Head of Asia Pacific, Beazley said,“Communities and businesses across Asia are experiencing the devastating and wide-ranging impact of climate risk, yet our data reveals that executives are turning their attentions to the economic uncertainties of...
