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EPFO’s gross new subscribers addition declined by over 4 per cent to 10.9 million in 2023-24

by AIP Online Bureau | Jun 30, 2024 | Data, Eco/Invest/Demography, Pension & Social Security, Policy

The report also showed that the gross addition of members of Employees’ State Insurance Corporation (ESIC) also dipped to 16,760,672 in 2023-24 from 16,773,023 in 2022-23 New Delhi: Retirement fund body EPFO’s gross new subscribers addition declined by...
‘Lab-grown’ meat maker hosts Miami tasting party as Florida ban goes into effect

‘Lab-grown’ meat maker hosts Miami tasting party as Florida ban goes into effect

by AIP Online Bureau | Jun 30, 2024 | Facts, Health, Risk Management

Earlier this year, Florida and Alabama banned the sale of cultivated meat and seafood, which is grown from animal cells. Other states and federal lawmakers also are looking to restrict it, arguing the product could hurt farmers and pose a safety risk to the public...

Indian equity markets surge nearly 14% in June quarter, leads in world top 10

by AIP Online Bureau | Jun 30, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Currently, the Indian equity market is the fifth largest stock market in the world with a market capitalisation of $5 trillion Mumbai: Indian stock indices gave a stellar performance in the June quarter of FY 2024-25. During the April- June period, Indian stock market...
Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery

Big fat Indian wedding: At Rs 10 lakh cr, expenses second only to food & grocery

by AIP Online Bureau | Jun 30, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Annually, India witnesses 80 lakh to 1 crore weddings, outstripping countries like China and the US, where wedding numbers rank much lower. In comparison, the US wedding industry is valued at USD 70 billion, and China’s at USD 170 billion, while India’s...
AP Govt to disburse hiked welfare pensions on July 1

AP Govt to disburse hiked welfare pensions on July 1

by AIP Online Bureau | Jun 29, 2024 | Indian News, Pension & Social Security, Policy

N Chandrababu Naidu,Chief Minister,Andhra Pradesh Over 65 lakh beneficiaries under 28 categories will benefit. The new government has also increased pensions to eligible specially-abled persons from Rs 3,000 per month to Rs 6,000 per month Amaravati (Andhra Pradesh):...
Canopy collapses at Rajkot Airport, 3rd such event in 3 days

Canopy collapses at Rajkot Airport, 3rd such event in 3 days

by AIP Online Bureau | Jun 29, 2024 | Indian News, Risk Management

As per the Ministry of Civil Aviation sources, the canopy broke during the maintenance work to push out water accumulated in the canopy. No one was injured in the incident Rajkot: A day after the canopy collapsed at Delhi’s Indira Gandhi International Airport,...

WB approves $1.5 bn more to aid India’s low-carbon emission reforms

by AIP Online Bureau | Jun 29, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

According to the World Bank, the reforms are expected to result in the production of at least 450,000 metric tonnes of green hydrogen and 1,500 MW of electrolysers per year from FY25/26 onwards, said the World Bank New Delhi: The World Bank on Saturday approved $1.5...
Delhi airport roof collapse raises concerns over Govt’s massive infra push

Delhi airport roof collapse raises concerns over Govt’s massive infra push

by AIP Online Bureau | Jun 29, 2024 | Eco/Invest/Demography, Indian News, Policy

The issues cast a harsh spotlight on Modi’s building spree, which officials are leaning on to boost development in the world’s fastest-growing major economy. According to Bloomberg Economics, 44.4 trillion rupees ($532 billion) worth of new infrastructure will become...
BJP’s women wing calls for probe into Foxconn India hiring practices

BJP’s women wing calls for probe into Foxconn India hiring practices

by AIP Online Bureau | Jun 29, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology, Workplace/Employee Benefits

Foxconn hiring agents and HR sources interviewed by Reuters cited family duties, pregnancy and higher absenteeism as reasons why Foxconn did not hire married women at the plant. The story has sparked debates on TV channels and newspaper editorials New Delhi: The...
Insurance Awareness Day: Industry Leaders Lay Out Action Plans

Insurance Awareness Day: Industry Leaders Lay Out Action Plans

by AIP Online Bureau | Jun 28, 2024 | Eco/Invest/Demography, Features, Health, Intermediaries, Main Menu, Non-Life, Policy, Regulation, Risk Management

The journey towards widespread insurance coverage begins with informed individuals and families. India’s insurance penetration rate for 2023-24 is anticipated to be 3.8%, with life insurance penetration expected to be 2.9%. These figures underscore the pressing...
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