by AIP Online Bureau | Mar 26, 2025 | Indian News, Non-Life
In another important development, the association has said that the Department of Financial Services has confirmed that clause of performance linked wage negotiation that was added at the time of settlement of the last wage revision, has been deleted New Delhi: Joint...
by AIP Online Bureau | Mar 26, 2025 | Banking & Bancassurance, Briefs, Life
Federal Bank has increased equity stake in Ageas Federal Life Insurance(AFLI) by four per cent to 30 per cent. Jude Gomes, MD & CEO, Ageas Federal Life Insurance, said, “We welcome this step by Federal Bank, which reflects the continued trust and confidence in our...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Facts, Policy, Wealth Management/ Philanthropy
The survey of 150 ultra high networth individuals said that the US, UK, Australia, Canada and even UAE due to its golden visa scheme are the favourite destinations where the rich prefer to settle down. Mumbai: At least 22 per cent super rich Indians wish to leave the...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Risk Management
A bench of Justices Abhay S Oka and Ujjal Bhuyan said state governments should create such mechanisms for members of the public to lodge complaints about objectionable advertisements prohibited under Drugs and Magic Remedies Act, 1954 New Delhi: The Supreme Court on...
by AIP Online Bureau | Mar 26, 2025 | Indian News, Workplace/Employee Benefits
Calling it a “very serious matter”, a bench of Justices B R Gavai and Augustine George Masih said, “In normal circumstances, we are slow in granting stay at this stage. But since the observations in paragraphs 21, 24 and 26 are totally unknown to...
by AIP Online Bureau | Mar 26, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
“India has made substantial progress on financial inclusion with 94 per cent of adults now having a bank account, It must be ensured that regulations do not create unintended barriers to financial inclusion. We need to be mindful of customer rights and...
by AIP Online Bureau | Mar 26, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
The finance ministry has set a record target of Rs 2.5 trillion of debt to be swapped for the fiscal year starting April 1. With the insurance sector expanding at 12%-13% annually, the goal is within reach, according to Vidya Iyer, head of fixed income at ICICI...
by AIP Online Bureau | Mar 25, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
This Bill does not infringe on the federal structure. The primary responsibility for disaster management lies with the District Disaster Management Authority (DDMA), which operates under the state government,” Union Home Minister Amit Shah New Delhi: Union Home...
by AIP Online Bureau | Mar 25, 2025 | Workplace/Employee Benefits
Insurers are also mandated to make available products in compliance with the provisions of the Mental Health Care Act, 2017. In line with the above provisions, products are available in the market providing coverage for mental illness as per the respective product...
by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
The simplification exercise was guided by three core principles which include textual and structural simplification for improved clarity and coherence, ensuring continuity and certainty with no major tax policy changes and no modifications of tax rates to preserve...
