by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology
“Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5 per cent over the medium term, supported by improvements in insurance infrastructure such as mobile applications and remote sensing for crop loss...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News
At present, there are over 9.5 crore retail investors and have nearly 10 per cent direct ownership of the market through its almost 2,500 listed companies “The significant increase in retail investors in the stock market calls for careful consideration. This is...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
“It also needs to provide insurance protection and retirement security to all citizens. The share of insurance and pension fund assets in GDP stands at 19 per cent and 5 per cent, respectively, in India, compared to a high of 52 per cent and 122 per cent in the...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology
Vision is for India to evolve as a ‘fintech nation’ with the highest number of fintech firms and the highest fintech adoption rate by incumbents fuelled by digital public infrastructure,” the Survey highlighted “An approach should be evolved for common user...
by AIP Online Bureau | Jul 22, 2024 | Data, Eco/Invest/Demography, Health, Policy
According to the Survey, key areas of policy focus in the short to medium term include job and skill creation, tapping the full potential of the agriculture sector, addressing MSME bottlenecks, managing India’s green transition, deftly dealing with the Chinese...
by AIP Online Bureau | Jul 22, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Risk Management, Technology
Commercial banks and insurance companies, even as they aim to achieve greater market penetration, must keep in mind levels of financial literacy in the country, avoid over lending mis-selling and address grievances, such that the financial cycle stays healthy as long...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Policy
India’s economy carried forward the momentum it built in FY23 into FY24 despite a gamut of external challenges. India’s real GDP grew by 8.2 per cent in FY24, exceeding the 8 per cent mark in three out of four quarters of FY24. The focus on maintaining macroeconomic...
by AIP Online Bureau | Jul 22, 2024 | Health, Indian News, Non-Life, Policy, Reinsurance
“Considering the multiplier effect of low costs, the scheme saves more than 1.25 lakh crore of out-of-pocket expenditure for poor and deprived families,” Finance Minister Nirmala Sitharaman said New Delhi: More than 34.7 crore Ayushman Bharat cards have been...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy
“The aviation industry in India is on the cusp of unprecedented growth, with a strong order book of more than 1500 aircraft placed by Indian airlines and a projected demand for over 2,200 aircraft by 2042,” it said. For India to take a leadership position...
by AIP Online Bureau | Jul 22, 2024 | Eco/Invest/Demography, Health, Indian News, Policy, Workplace/Employee Benefits
Mental health drags down productivity more widely in the ecosystem than individuals’ physical health issues, it noted. Quoting the National Mental Health Survey (NMHS) 2015-16 data, the survey said 10.6 per cent of adults suffered from mental disorders in India...
