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Latest NSSO consumer survey indicates poverty down to 5 per cent: NITI Aayog CEO

Latest NSSO consumer survey indicates poverty down to 5 per cent: NITI Aayog CEO

by AIP Online Bureau | Feb 26, 2024 | Eco/Invest/Demography, Indian News, Policy

”This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been.’The survey findings...
IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal

IRDAI again bans Malaysian broker Confinance from Indian market for 2 yrs in Tata AIG’s Rs 300 cr fraudulent crop deal

by AIP Online Bureau | Feb 26, 2024 | Indian News, Non-Life, Regulation, Reinsurance

The action of Malaysian re/insurance broker Confinance in reinsurance transaction caused inconvenience to TATA-AIG in India which could have potential loss to the insurer and to policyholders. It is considered view that the action of Confinance is deliberate and...

Indians spending less on food, more on discretionary items -government survey

by AIP Online Bureau | Feb 25, 2024 | Data, Eco/Invest/Demography

Household Consumption Expenditure Survey estimates average rural consumer spending rose to Rs 3,773 ($45.54) a month per person for the 12 months through July from Rs 1,430 in the previous survey in 2011-2012, while urban spending rose to Rs 6,459 ($77.95) from Rs...

US regulator SEC drops some emissions disclosure requirements from draft climate rules

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management

Scope 3 emissions, proposed to be withdrawn, account for greenhouse gases, such as carbon dioxide, released in the atmosphere from a company’s supply chain and the consumption of its products by customers. For most businesses, Scope 3 emissions represent more than 70%...
Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

Allianz takes a larger wealth bet with stake in $68 billion manager AlTi

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Allianz, one of the world’s largest financial services companies with €2.16 trillion ($2.33 trillion) in assets under management, joins a growing number of global firms building their focus on the wealth sector Allianz SE is making a strategic investment in money...
Biden order seeks to improve US port cybersecurity

Biden order seeks to improve US port cybersecurity

by AIP Online Bureau | Feb 25, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

US President Joe Biden The U.S. Coast Guard will get powers to respond to cyberattacks against maritime infrastructure including requiring operators to share information about incidents and threats. The post of national maritime security director will also be...
Sebi using AI for investigations, says whole time member Kamlesh Chandra

Sebi using AI for investigations, says whole time member Kamlesh Chandra

by AIP Online Bureau | Feb 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations will cause problems Mumbai: Sebi is using Artificial Intelligence (AI) for investigations, its Whole Time...
India will not accept unjust carbon emission mandates: DPIIT Secy

India will not accept unjust carbon emission mandates: DPIIT Secy

by AIP Online Bureau | Feb 24, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Risk Management

”We have accepted a stretched-out kind of goal because India believes we are not historically responsible for carbon emissions, even less in per capita terms, but the vision of the Hon’ble PM has always been that we will not accept unjustified mandates but...
Trai recommends introduction of CNAP Supplementary Service for caller name display on phones

Trai recommends introduction of CNAP Supplementary Service for caller name display on phones

by AIP Online Bureau | Feb 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Industry body COAI, whose prominent members include Reliance Jio, Bharti Airtel, and Vodafone Idea, had earlier contended that the implementation of Calling Name Presentation (CNAP) should not be made mandatory but kept optional for telecom operators. COAI had flagged...
India’s approach to sustainable development shines brightly: Hardeep S Puri

India’s approach to sustainable development shines brightly: Hardeep S Puri

by AIP Online Bureau | Feb 24, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Technology

Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs, said that the reputations of businesses are now linked to their public commitment to the SDGs, both for investors as well as for consumers. Not just consumers, even investors...
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