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...
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...
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...
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...
by AIP Online Bureau | Jan 25, 2025 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy
Akshay Chinchalkar, Head of Research at Axis Securities, told ANI that about $7 billion has been retracted year-to-date. He highlighted several factors including Trump’s expected second term, high U.S. treasury yields, and a thriving dollar as key reasons for...
by AIP Online Bureau | Jan 25, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
Sameer Bansal, MD & CEO, PNB MetLife, said that while India is a fast-growing economy fuelled by its rising middle-class population of 25-45-year-olds, the proportion of people above the age of 60 is equally increasing at a rapid pace New Delhi: Insurers are...
by AIP Online Bureau | Jan 24, 2025 | Health, Indian News, Regulation
In an order passed by two members of the IRDAI- Rajay Kumar Sinha,(F&I) and Deepak Sood,(Non-Life), the insurance regulator has said that the payments made by RSGI during 2018-19 and 2019-20 to vendors in excess of Rs1 crore were not reported in the outsourcing...
by AIP Online Bureau | Jan 24, 2025 | Pension & Social Security, Policy, Workplace/Employee Benefits
NEW DELHI: Union Labour Minister Mansukh Mandaviya on Friday directed retirement fund body EPFO officials to further streamline claim settlement process, ensure timely grievance redressal, and adopt a public-friendly approach during a review meeting. Mandaviya...
by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
India’s oil secretary Pankaj Jain said the deadline, as outlined by the US sanctions, for completing financial transactions was March 12. India follows United Nations sanctions, rather than those imposed by individual countries, but fears of secondary sanctions...
by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, International News, Policy, Regulation, Workplace/Employee Benefits
“When companies are sued by women or people of color and they’re held liable for discrimination … the Trump administration can’t save them and nothing in this executive order can save them,” said Jason Solomon, director of the National Institute for...
