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More than 185,000 companies incorporated in FY24, highest in a fiscal year

by AIP Online Bureau | May 5, 2024 | Data, Eco/Invest/Demography, Policy

A total of 1,85,314 companies and 58,990 Limited Liability Partnerships (LLPs) were incorporated in the fiscal ended March 31. New Delhi: More than 1.85 lakh companies were incorporated in the country in 2023-24, the highest number for any financial year. A total of...
WHO chief urges countries to finalise pandemic accord by deadline

WHO chief urges countries to finalise pandemic accord by deadline

by AIP Online Bureau | May 5, 2024 | Eco/Invest/Demography, International News, Pandemic, Policy

Tedros Adhanom Ghebreyesus,Director-General, WHO One of the main points of disagreement between wealthy countries and developing states is the vexed issue of sharing drugs and vaccines fairly to avoid a repeat of COVID-era failures The only time in the...
FM refutes report on possible tweaking of tax laws

FM refutes report on possible tweaking of tax laws

by AIP Online Bureau | May 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Nirmala Sitharaman, union finance minister Finance Minister Nirmala Sitharaman reacted to a post on X by a TV news channel claiming that in a sweeping change, the Income Tax Department is planning to impose uniform treatment for all asset classes New Delhi: Finance...
Orangutan’s use of medicinal plant to treat wound intrigues scientists

Orangutan’s use of medicinal plant to treat wound intrigues scientists

by AIP Online Bureau | May 4, 2024 | Facts, Health

“To our knowledge, this is the first documented case of active wound treatment with a plant species with medical properties by a wild animal,” said study senior author Caroline Schuppli, an evolutionary biologist at the institute In June 2022, a male...
Developing Asia and the Pacific failed to secure well-being of aging population: ADB report

Developing Asia and the Pacific failed to secure well-being of aging population: ADB report

by AIP Online Bureau | May 4, 2024 | Eco/Invest/Demography, Health, International News, Pension & Social Security, Regulation

“Governments need to prepare now if they’re going to be able to help hundreds of millions of people in the region age well. Policies should support lifetime investment in health, education, skills, and financial preparedness for retirement. Family and social...

Oral cancer costs India $5.6 Billion in lost productivity in 2022: Tata Memorial Centre

by AIP Online Bureau | May 3, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Workplace/Employee Benefits

India contributes two-thirds of the global mortality due to oral cancer and has a younger population at risk, said the study, which analysed how the disease affected 100 patients treated between 2019 and 2020 with a follow-up of 36 months Mumbai: A study by the Tata...
Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

by AIP Online Bureau | May 3, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Tesla in a hearing at the Delhi High Court this week said the Indian company had continued advertising its products with the “Tesla Power” brand despite a cease-and-desist notice sent in April 2022, according to details of the proceedings posted on the...
SC asks Centre to furnish details on notices, arrests done under GST Act

SC asks Centre to furnish details on notices, arrests done under GST Act

by AIP Online Bureau | May 3, 2024 | Eco/Invest/Demography, Indian News, Policy

“You furnish the data on notices issued and arrests made under the GST Act for alleged defaults of Rs 1 crore to Rs 5 crore respectively for the past three years. There can be harassment of people and we won’t permit that. If we find there is ambiguity in...

Air France, Lufthansa Group airlines part of EU greenwashing probe

by AIP Online Bureau | May 3, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Regulation, Risk Management

Industry group Airlines for Europe (A4E) said in a statement that it recognised the importance of clear information about sustainability, but that current regulations in the EU “vary significantly between countries and are still evolving”. It is unclear...
Chubb to pay $350 million to Maryland govt for Baltimore Bridge collapse

Chubb to pay $350 million to Maryland govt for Baltimore Bridge collapse

by AIP Online Bureau | May 3, 2024 | International News, Non-Life, Reinsurance, Risk Management

Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims Grace Ocean Private Ltd., the owner of the Dali container ship that hit the bridge, and its manager Synergy Marine Pte petitioned to limit their liability to a maximum of $43.6...
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