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Govt asks GSI to redefine TN tungsten mine block, exclude biodiversity site

by AIP Online Bureau | Dec 24, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

The statement came in the wake of Tamil Nadu Chief Minister M K Stalin urging Prime Minister Narendra Modi to cancel the award of tungsten mining rights in Madurai district. Stalin had asserted that the state government will not allow mining there considering aspects...

Govt warns subscribers against unfamiliar international calls

by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“The DoT advises citizens that they should show caution with respect to answering calls from unfamiliar international numbers which are not starting with +91 and which claim to be from government authorities of India. Citizens are advised to report such...
Govt launches AI tools, e-commerce safety measures to boost consumer protection

Govt launches AI tools, e-commerce safety measures to boost consumer protection

by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

The Consumer Protection Authority (CCPA) is drafting new guidelines to regulate surrogate advertising and has issued notices to 13 companies for non-compliance with existing rules, Food and Consumer Affairs Minister Pralhad Joshi New Delhi: Food and Consumer Affairs...
Govt to issue guidelines on pesky calls next month: Consumer Affairs Sec

Govt to issue guidelines on pesky calls next month: Consumer Affairs Sec

by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Consumer Affairs Secretary Nidhi Khare said the department has prepared draft guidelines in consultation with stakeholders, which will be harmonized with upcoming regulations of Telecom Regulatory Authority of India (Trai) New Delhi: The consumer affairs ministry will...
Mutual fund industry on a high; asset surges Rs 17 lakh cr in 2024

Mutual fund industry on a high; asset surges Rs 17 lakh cr in 2024

by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Features, Wealth Management/ Philanthropy

The year 2024 saw a substantial net inflow of Rs 9.14 lakh crore, alongside a significant 5.6 crore increase in investor count and a growing popularity of SIPs, which alone contributed Rs 2.4 lakh crore, according to data from the Association of Mutual Fund Industry...
Automotive to sustainable mobility EVs and beyond Auto industry’s journey for 2025

Automotive to sustainable mobility EVs and beyond Auto industry’s journey for 2025

by AIP Online Bureau | Dec 24, 2024 | Eco/Invest/Demography, Features, Non-Life, Technology

SIAM Director General Rajesh Menon said the passenger vehicle segment continued its steady performance led by sustained demand for SUV segments and good adoption of new energy vehicles, such as electrics, hybrids and gaseous fuel vehicles New Delhi: Traversing from...

Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report

by AIP Online Bureau | Dec 23, 2024 | Indian News, Life, Non-Life

The incurred claims ratio for private sector general insurers, standalone health insurers and specialised insurers were at 76.49 per cent, 63.63 per cent, and 66.58 per cent, respectively, for 2023-24 as compared to the previous year’s ratio of 75.13 per cent,...

Majority of Indian car buyers prefer decisions through physical dealerships

by AIP Online Bureau | Dec 23, 2024 | Data, Eco/Invest/Demography, Technology

According to the survey, nearly 9 out of 10 car buyers in India are more inclined to visit a physical dealership, highlighting the critical importance of in-person visits in shaping their overall buying behaviour, it stated Majority of car buyers in India still prefer...

India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor

by AIP Online Bureau | Dec 23, 2024 | Data, Eco/Invest/Demography, Non-Life

“This year, the number of new demat accounts may cross the 40 million mark,” said Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, adding that apart from a few states, the participation of women increased more than national average in FY25 as compared to...

India’s savings rate shoots past global average: SBI report

by AIP Online Bureau | Dec 23, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography

“Due to various measures, India’s financial inclusion improved significantly and now more than 80 per cent of adults in India have a formal financial account, compared to about 50 per cent in 2011, which is improving the financialisation of the savings rate of...
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