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India may take 75 years to reach one-quarter of US income per capita: World Bank

by AIP Online Bureau | Aug 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The road ahead has even stiffer challenges than those seen in the past: rapidly ageing populations and burgeoning debt, fierce geopolitical and trade frictions, and the growing difficulty of speeding up economic progress without fouling the environment, said the...

New record of over 7.28 cr income-tax returns filed: Tax dept

by AIP Online Bureau | Aug 3, 2024 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy, Workplace/Employee Benefits

“Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the new tax regime compared to 2.01 crore ITRs filed in the Old Tax Regime,” the tax department said in a statemen NEW DELHI: A new record of over 7.28 crore income...
How missed warnings, ‘over-tourism’ aggravated deadly India landslides

How missed warnings, ‘over-tourism’ aggravated deadly India landslides

by AIP Online Bureau | Aug 3, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Features, Policy, Risk Management

Local authorities are now counting the cost of the disaster and questioning whether the rapid development of a tourism industry was to blame for the tragedy. Weather-related disasters are not unusual in India, but the landslides in Kerala state this week were the...
TikTok’s practices endangered children’s safety, US alleges in lawsuit

TikTok’s practices endangered children’s safety, US alleges in lawsuit

by AIP Online Bureau | Aug 3, 2024 | Eco/Invest/Demography, Intermediaries, Risk Management, Technology

“TikTok knowingly and repeatedly violated kids’ privacy, threatening the safety of millions of children across the country,” said Lina Khan, the head of the Federal Trade Commission, which joined the Justice Department in suing the short video...

LIC and HDFC Life relax norms for claim payments for victims of Wayanad disasters

by AIP Online Bureau | Aug 3, 2024 | Indian News, Life

The government has mandated the Public Sector Insurance companies and insurance regulator IRDAI has asked the insurance industry to extend all possible support to the victims of the landslide incident in Kerala Siddhartha Mohanty, CEO & MD, LIC, announced...

Over 95 per cent villages now have access to Internet: Centre

by AIP Online Bureau | Aug 2, 2024 | Data, Eco/Invest/Demography, Technology

Out of a total of 954.4 million Internet subscribers in India, there are 398.35 million rural Internet subscribers (as of March), according to the Ministry of Communications New Delhi: Under the ‘Digital India’ Initiative, more than 95 per cent of villages...
Child entitled to maintenance till pursues education, is financially dependent: Delhi HC

Child entitled to maintenance till pursues education, is financially dependent: Delhi HC

by AIP Online Bureau | Aug 2, 2024 | Indian News

The court’s ruling came while dealing with an appeal by an estranged husband assailing a family court’s order asking him to pay maintenance to his wife and son, including a direction to pay Rs 35,000 per month to the son from July 2016 until he attains the...
Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount

Trai’s new norms mandate telcos to compensate users for service outages, raise penal amount

by AIP Online Bureau | Aug 2, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“Rent rebate to postpaid customer or validity extension to prepaid customer, due delay in rectification of faults or due to significant network outage of more than 24 hours, as applicable, shall be made within one week of rectification of significant network...
Hong Kong slaps AIA with record fine for anti-laundering lapses

Hong Kong slaps AIA with record fine for anti-laundering lapses

by AIP Online Bureau | Aug 2, 2024 | International News, Life, Regulation, Risk Management

The lapses resulted in some customers who were “politically exposed persons” failing to be picked up during the screening process. That led to delays in identifying their source of money and wealth, it added. However, no policies were sold to clients who should not...
Tesla registers insurance brokerage in China

Tesla registers insurance brokerage in China

by AIP Online Bureau | Aug 2, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Regulation, Technology

By selling insurance directly to consumers, Tesla could potentially offer lower-cost EV insurance products, which are usually more expensive than those for gasoline cars Beijing: Tesla registered an insurance broking firm in China at the end of July, based on a...
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