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Vistara sees significant flight cancellations to cut operations due to non-availability of pilots

by AIP Online Bureau | Apr 1, 2024 | Data, Workplace/Employee Benefits

One of the sources said first officers reporting sick have forced the airline to cancel flights as their salaries have been reduced significantly Mumbai: Vistara will temporarily reduce flight operations due to non-availability of pilots as many first officers have...

Canadian school boards sue social media giants for over C$4 bln in damages

by AIP Online Bureau | Apr 1, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

The products are “negligently designed for compulsive use, have rewired the way children think, behave and learn,” a joint statement by the boards said. That has caused learning and mental health crises in students, resulting in the schools having to invest more in...
India’s most innovative cities are running out of water

India’s most innovative cities are running out of water

by AIP Online Bureau | Apr 1, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Risk Management, Workplace/Employee Benefits

Tech professionals are leaving India’s IT hub of Bengaluru amid an intensifying drought that has gripped the city as it sweats through another torrid pre-monsoon season, the Deccan Herald reported this month. More than half of the wells the city depends on for...
Passenger vehicle sales soar to record high in FY24; dispatches cross 42 lakh mark

Passenger vehicle sales soar to record high in FY24; dispatches cross 42 lakh mark

by AIP Online Bureau | Apr 1, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“This is the first time that passenger vehicle sales have crossed the 40 lakh sales mark in the country…much of the growth that has happened is in the SUV segment,” Shashank Srivastava,member, executive committee, Maruti Suzuki India New Delhi: Driven by robust demand...
Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon

Apr 1 Renewals: Transitioning’ property catastrophe sector heralds buyers’ market, says Aon

by AIP Online Bureau | Apr 1, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management

George Attard, CEO of Asia Pacific for Aon’s Reinsurance Solutions, said, “The April 1st reinsurance renewals were more predictable and generally favorable to reinsurance buyers. As mid-year renewals get under way for the catastrophe-exposed markets of Florida,...

Finance Ministry refutes misinformation on social media over income tax regime

by AIP Online Bureau | Apr 1, 2024 | Data, Eco/Invest/Demography, Pension & Social Security, Policy

Under the new tax regime, the tax rates are significantly lower, though the benefit of various exemptions and deductions (other than standard deduction of Rs 50,000 from salary and Rs 15,000 from family pension) is not available, as in the old regime, the Finance...
Extreme heat to scorch India during election period, says IMD

Extreme heat to scorch India during election period, says IMD

by AIP Online Bureau | Apr 1, 2024 | Data, Eco/Invest/Demography, Health

Gujarat, Maharashtra, north Karnataka, Odisha, west Madhya Pradesh and Andhra Pradesh are predicted to experience the worst impact of heat waves in April New Delhi:India is set to experience extreme heat during the April to June period, with the central and western...
Gadkari vows to eliminate petrol, diesel vehicles; tax cut for hybrid cars

Gadkari vows to eliminate petrol, diesel vehicles; tax cut for hybrid cars

by AIP Online Bureau | Apr 1, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

Union minister Nitin Gadkari Gadkari did not give any timeline to meet this ambitious target which even proponents of green energy believe is mind bogglingly difficult New Delhi: As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants...
Modi pitches for studying a newer banking structure to fund future needs

Modi pitches for studying a newer banking structure to fund future needs

by AIP Online Bureau | Apr 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

Prime Minister Narendra Modi There are some challenges confronting the industry along with this, including artificial intelligence and blockchain, which are changing the face of banking, cyber security amid the increasing reliance on digital banking and innovations...
Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity

Apr 1 renewals: Surprisingly, Indian general insurance market turns soft, GIC Re bounces back with a larger capacity

by AIP Online Bureau | Mar 31, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

“With a robust solvency ratio of 2.94 , we remain bullish and will grow our top line in this Apr 1 renewals. We have engaged with the market participants, especially the bigger ones. And my team is speaking to the reinsurance people to ensure that we understand...
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