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India’s economic outlook for coming months ‘cautiously optimistic’: Finmin Report

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, Indian News, Policy

Amidst a clouded global background, and after a brief period of softening momentum over the monsoon months, the report said, many high-frequency indicators of economic activity in India have shown a rebound in October. These include indicators of rural and urban...
GoM report on GST on health insurance to be placed before Council when received FinMin

GoM report on GST on health insurance to be placed before Council when received FinMin

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

Minister of State for Finance Pankaj Chaudhary informed the House that revenue generated from GST on healthcare and life insurance services was Rs 8,263 crore and Rs 8,135 crore, respectively during fiscal 2023-24, as against Rs 7,638 crore and Rs 9,132 crore in the...
HDFC Life launches probe after customer data shared with “mala fide” intent

HDFC Life launches probe after customer data shared with “mala fide” intent

by AIP Online Bureau | Nov 25, 2024 | Indian News, Life, Risk Management, Technology

The company, in its statement, did not elaborate if the source had obtained the data by breaching the company’s security, or what data was shared Mumbai: HDFC Life Insurance Company said on Monday that an unknown source shared certain customer data with the...
Social media platforms urge Australia to delay ban on children under 16

Social media platforms urge Australia to delay ban on children under 16

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The legislation would impose fines of up to 50 million Australian dollars ($33 million) on platforms for systemic failures to prevent young children from holding accounts. It seems likely to be passed by Parliament by Thursday with the support of the major parties.It...

No single magic formula for cancer, say oncologists slamming Sidhu for ‘sensationalism’

by AIP Online Bureau | Nov 25, 2024 | Facts, Health

“The treatment of cancer is because of either chemotherapy, surgery, or radiation. This forms the backbone of the treatment. The other adjuncts, like the diet control or diet rearrangements or the natural ingredients, cannot replace the treatment,” added Dr. Pritam...

S&P cuts India’s GDP growth forecast marginally for FY26 FY27

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, International News, Policy

“In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand. While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators indicate...
CCI rejects Apple’s request to put antitrust report on hold

CCI rejects Apple’s request to put antitrust report on hold

by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match New Delhi: India’s antitrust...

HC directs Centre to nominate panel members to examine deepfake menace

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

The court further directed the committee to invite the experiences and suggestions of a few of the stakeholders like the intermediary platforms, telecom service providers, victims of deepfakes, and websites which provide and deploy deepfakes before submitting its...

National Consumer Helpline to roll out AI-based features, partners with 1,000 firms

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

The technological transformation of National Consumer Helpline(NCH has led to a significant increase in its call-handling capacity. The number of calls received by NCH has grown nearly tenfold, from 14,795 calls in January 2015 to 1,41,817 calls in January 2024. This...

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

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

The shares obtained and income earned by resident tax Indians from their employers through employee stock options should also be disclosed to the Income-Tax Department by filling foreign assets and foreign source income schedule provided in the relevant ITR, a senior...
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