by AIP Online Bureau | Dec 2, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
“The GoM has agreed to propose a special rate of 35 per cent on tobacco and related products and aerated beverages. The four-tier tax slab of 5, 12, 18, and 28 per cent will continue and a new rate of 35 per cent is proposed by the GoM,” said the official...
by AIP Online Bureau | Dec 2, 2024 | Health, International News, Non-Life, Pension & Social Security, Regulation, Technology
wefox has agreed to sell the insurance company to a group of Swiss companies led by BERAG. BERAG is an independent Swiss provider of pension services and in recent years has represented wefox Insurance AG as an MGA in Switzerland and built up the daily sickness...
by AIP Online Bureau | Dec 2, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology
Prime Minister Narendra Modi As a counter measure to the potential threats generated by digital frauds, cybercrimes and AI technology, the prime minister called on the police leadership to convert the challenge into an opportunity by harnessing India’s double AI...
by AIP Online Bureau | Dec 2, 2024 | Data, Eco/Invest/Demography, Non-Life
Maruti Suzuki India sold a total of 181,531 units, including domestic sales of 144,238 units, against 1,34,158 units in the year-ago month which is a growth of 5.5 per cent New Delhi: The passenger vehicle (PV) sales in India increased about 4 per cent (year-on-year)...
by AIP Online Bureau | Dec 2, 2024 | Health, Indian News, Life, Policy, Regulation
Nirmala Sitharaman, Finance Minister “…The matter of review of GST rates on life and health insurance is pending before the GoM. If a recommendation for a reduction in GST rate is made by the GST Council, the cost of insurance to the policy holder is expected to...
by AIP Online Bureau | Dec 2, 2024 | Data, Non-Life, Risk Management
Most Accident-Prone Cars Hyundai i10 topped the list as the car involved in the highest number of accidents, followed by the Maruti Suzuki Swift and Maruti Suzuki Baleno. Hyundai i20 and Maruti Suzuki Dzire ranked fourth and fifth, respectively Mumbai: Metro cities...
by AIP Online Bureau | Dec 1, 2024 | Health, Indian News, Life, Non-Life
To enable PSU insurers to avail composite licenses, the government needs to amend the two existing Acts- The Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972 (GIBNA). But, no such provisions have been made in the...
by AIP Online Bureau | Dec 1, 2024 | Eco/Invest/Demography, Health, Indian News, Policy
The estimated expenditure for the AB-PMJAY scheme for senior citizens above 70 years is Rs 3,437 crore. Of this, Rs 2,165 crore in the central share expenditure is likely to be incurred during the Financial Year 2024-25 and 2025-26, the Ministry said. New Delhi: About...
by AIP Online Bureau | Dec 1, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
As of Sunday, countries remained far apart on the basic scope of the treaty, with one option proposed by Panama – and backed by over 100 countries – that creates a path for a global plastic production reduction target and another which does not allow production caps...
by AIP Online Bureau | Dec 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The measures ban any cooperation with Moscow-based insurers AlfaStrakhovanie Plc and VSK, which are “carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector,” a statement said. Both firms...
