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Indian insurance industry watches Govt’s move on IRDAI chief as Panda’s 3-yr term ends on Mar 14

Indian insurance industry watches Govt’s move on IRDAI chief as Panda’s 3-yr term ends on Mar 14

by AIP Online Bureau | Jan 27, 2025 | Health, Indian News, Life, Non-Life

Debasish Panda, chairman, IRDAI Panda after taking over as IRDA chairman on Mar 14, 2021, had unleashed an extensive reforms agenda for the industry to achieve `Insurance for all by 2047′ and industry is already tapping all the sources to know whether Panda is...
Former Star Health Insurance CEO Prakash joins Bajaj General Insurance as a consultant

Former Star Health Insurance CEO Prakash joins Bajaj General Insurance as a consultant

by AIP Online Bureau | Jan 26, 2025 | Health, Indian News

“Stepping into the consulting space has been a refreshing journey. Bajaj General Insurance has approached me, and I am excited to collaborate with them, bringing my years of experience in health insurance to the table.  Looking forward to this new chapter....
US-based D Gaekwad Developments make competing offer for Religare; Burman confident of success

US-based D Gaekwad Developments make competing offer for Religare; Burman confident of success

by AIP Online Bureau | Jan 26, 2025 | Eco/Invest/Demography, Indian News

Following the open offer, Burman’s stake in REL would rise to 53.94 per cent, while Digvijay Laxmansinh Gaekwad proposes to pick 55 per cent stake in the company New Delhi: A day ahead of an open offer, Religare Enterprises Ltd (REL), the holding company of Care...

FPIs withdraw $7.44 billion from Indian equity markets in Jan

by AIP Online Bureau | Jan 26, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

“The sustained strengthening of the dollar and rise in the US bond yields have been the principal factors driving the FII selling. So long as the dollar index remains above 108 and the 10-year US bond yield remains above 4.5 per cent, the selling is likely to...

Equity MF inflows soar to near Rs 4 lakh cr in 2024

by AIP Online Bureau | Jan 26, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

In 2024, the total inflow into equity and equity-oriented schemes stood at Rs 3.94 lakh crore, compared to Rs 1.61 lakh crore in 2023, according to data from the Association of Mutual Funds in India (AMFI).SIPs have become a major contributor to the mutual fund...
Sebi launches digital knowledge repository ‘Dharohar’ on Republic Day

Sebi launches digital knowledge repository ‘Dharohar’ on Republic Day

by AIP Online Bureau | Jan 26, 2025 | Data, Eco/Invest/Demography, Regulation, Wealth Management/ Philanthropy

It is designed to cater to a wide audience, including students, investors, researchers, journalists, market participants and the general public offering insights into the market’s diverse products, participants, and institutions Mumbai: Capital markets regulator...
Transport ministry proposes more sops for scrapping vehicles with BS-II

Transport ministry proposes more sops for scrapping vehicles with BS-II

by AIP Online Bureau | Jan 26, 2025 | Indian News, Policy, Regulation

The Ministry of Road Transport and Highways (MoRTH) in a draft notification issued on January 24 said up to 50 per cent discount would be applicable for all vehicles, both commercial and personal, that are BS-I compliant or were manufactured before the BS norms were...
Finmin notifies assured pension scheme for govt employees, to be effective from April 1

Finmin notifies assured pension scheme for govt employees, to be effective from April 1

by AIP Online Bureau | Jan 26, 2025 | Indian News, Pension & Social Security, Policy

The notification will give the option to 23 lakh government employees to choose between UPS and NPS, which came into effect on January 1, 2004.The notification added that the rate of full assured payout will be 50% of 12 monthly average basic pay, immediately prior to...

Govt drafts rules for mandatory adoption of Indian Standard Time nationwide

by AIP Online Bureau | Jan 26, 2025 | Eco/Invest/Demography, Policy, Regulation, Technology

IST shall be the mandatory time reference across all sectors, including commerce, transport, public administration, legal contracts, and financial operations,” as per the draft rule. Key provisions include, prohibition of time references other than IST for official...

Lancet study estimates three in every four animal bites in India due to dogs

by AIP Online Bureau | Jan 25, 2025 | Data, Health

The estimates can help understand whether the country is on track to meeting the global target of eliminating dog-mediated cases of rabies among humans by 2030, the authors said Three in every four animal bites are due to dogs, with over 5,700 deaths in humans...
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