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Indian Railways raises compensation for death or injuries in train accidents by 10 times

Indian Railways raises compensation for death or injuries in train accidents by 10 times

by AIP Online Bureau | Sep 22, 2023 | Disaster & Management, Indian News, Policy

Additionally, in case of an untoward incident, Rs 1.5 lakh will be paid in case of death which was earlier Rs 15,000. Amount for grievous injury has been revised to Rs 50,000 from Rs 5,000 for grievous injury and compensation for a simple injury has been revised from...

Monsoon likely to start retreating from northwest India by Sept 25: IMD

by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News

India has received 780.3 mm of rain during this monsoon season so far, compared to a normal of 832.4 mm. Rainfall between 94 per cent and 106 per cent of the long-period average (LPA) is considered normal. Normally, the country receives an average of 870 mm of...
India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits

A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,” Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will...

Max Life ties up with AU SFB selling life insurance products

by AIP Online Bureau | Sep 22, 2023 | Banking & Bancassurance, Briefs, Life

Max Life Insurance Company has entered into a bankassurance alliance with AU Small Finance Bank (AU SFB), This collaboration will allow AU SFB’s digitally inclined customers to access the full spectrum of life insurance plans offered by Max...

No reason for Canadian pension funds to back out from India: Official

by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Risk Management

”They are here because they are making higher returns here… So I don’t see any reason for them to back out because of the current situation, which hopefully we will sort out,” the official said. According to a report by think tank GTRI, Canadian...

Indian auto insurance technology startup listed on Nasdaq

by AIP Online Bureau | Sep 22, 2023 | International News, Non-Life, Technology

”We’re incredibly excited about the transformative potential of AI in reshaping the USD 800 billion auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance,”...

Condom-shy India arouses interest of global contraceptive makers

by AIP Online Bureau | Sep 21, 2023 | Features, Health

Condom makers would follow other global firms in chasing India’s growth in disposable income. World Bank data showed that, in 2021, per capita gross domestic product crossed $2,000 – a threshold at which, in China in 2006, consumption jumped BENGALURU:...

5-8 million Indians suffering from Alzheimer’s

by AIP Online Bureau | Sep 21, 2023 | Data, Eco/Invest/Demography, Health

In India, people with Alzheimer’s are possibly between 5.3 million to 8.2 million. Because of the usage of curcumin, a powerful anti-oxidant that possess anti-inflammatory properties which helps fight the disease, Indians have substantially managed the increase of...
Bhargava Dasgupta quits as MD & CEO of ICICI Lombard, to join ADB as vice-president,Market Solutions

Bhargava Dasgupta quits as MD & CEO of ICICI Lombard, to join ADB as vice-president,Market Solutions

by AIP Online Bureau | Sep 21, 2023 | Indian News, Non-Life

Bhargava Dasgupta, MD & CEO, ICICI Lombard General insurance Dasgupta has tendered his resignation, to pursue a career opportunity outside the country, said the company on Thursday.Dasgupta said the company has grown revenues six times and net profit 78 times over...

India slips one notch to 87th out of 165 countries on economic freedom index: Report

by AIP Online Bureau | Sep 21, 2023 | Data, Eco/Invest/Demography, Policy

A score closer to 10 indicates a higher level of economic freedom. According to the report, Singapore topped the index. It was followed by Hong Kong, Switzerland, New Zealand, the US, Ireland, Denmark, Australia, the UK, and Canada India slips one notch to 87th out of...
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