by AIP Online Bureau | Mar 6, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
He reiterated that the RBI’s monetary policy committee remained focused on bringing inflation down to its target of 4% and, despite prices being on a clear downward trajectory, major uncertainties such as geopolitical and weather risks remained Mumbai: The...
by AIP Online Bureau | Mar 6, 2024 | International News, Life, Non-Life
Around 3.5 million Indians reside in the UAE, of which about 65 per cent are blue-collar workers, who form one of the largest groups of migrant workers in the UAE. In 2022, the consulate registered a total of 1,750 death cases, of which around 1,100 were workers...
by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
“A projected average expansion of 6.7 per cent in this period will make India the third-largest economy in the world and lift per capita income to the upper-middle income category by 2031,” Crisil said.India, with a GDP size of USD 3.6 trillion, is...
by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance, Risk Management
During this period, a total amount of nearly Rs 31,139 crore was paid by farmers as their share of premium against which claims of over Rs 1,55,977 crore have been paid to them. Thus, for every Rs100 of premium paid by farmers, they have received about Rs 500 as...
by AIP Online Bureau | Mar 6, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
“On a review, it is observed that some arrangements existing between card networks and card issuers are not conducive to the availability of choice for customers,” the Reserve Bank of India (RBI) said in a circular Mumbai: India’s central bank on...
by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
Smriti Irani, Union Minister Women and Child Development ”The issue is: are we preparing for that reality from an economic and socio-economic perspective?” She wondered if we have mapped the need for investments in geriatric care, stating that even though...
by AIP Online Bureau | Mar 6, 2024 | Data, Eco/Invest/Demography, Technology, Wealth Management/ Philanthropy
Jeff Bezos, executive chairman, Amazon Elon Musk’s net worth is down $31.3 billion in the last year while Bezos net worth is up $23.4 billion New Delhi: Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per...
by AIP Online Bureau | Mar 6, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology
As per the EAC-PM, the number of EVs as a percentage of total vehicles in the country stood at 0.21 per cent, while EV four-wheelers as a percentage of the total four-wheelers amounted to only 0.08 per cent New Delhi: The Economic Advisory Council to the PM (EAC-PM)...
by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
The case was brought by half a dozen plaintiffs, including Mitsui OSK Lines Ltd., the ship’s operator, and Allianz SE, one of the insurers of the vessel, according to a spokesman for the tribunal. The plaintiffs claim that the fire originated from the lithium-ion...
by AIP Online Bureau | Mar 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Workplace/Employee Benefits
Lloyd’s, which employs around 57,000 people in insurance and broking firms and is aiming for gender parity by 2030, said women now made up more than 43% of the 57,000-strong workforce and that 46% of new hires were women in 2023 London: Lloyd’s of London has hit a...
