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Need to broaden participation to expand digital commerce in India: ONDC’s Koshy

by AIP Online Bureau | Sep 5, 2023 | Data, Eco/Invest/Demography, Policy, Technology

”If you look at today’s digital commerce in the country, it is limited to 10 per cent and just 2-3 per cent on the buyer side, so we need to broaden and expand the participation so that the current levels can go up to 25-30 per cent in the next few...

Over 6 crore returns processed, additional info sought from 12 lakh taxpayers: CBDT

by AIP Online Bureau | Sep 5, 2023 | Data, Eco/Invest/Demography, Policy

More than 2.45 crore refunds have already been issued, it noted, adding it was committed to processing the remaining Income Tax returns in a speedy and efficient manner New Delhi: The Income Tax Department has so far processed more than 6 crore tax returns for the...
Sebi working on AI tool to curb misselling by mutual funds: Buch

Sebi working on AI tool to curb misselling by mutual funds: Buch

by AIP Online Bureau | Sep 5, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology, Wealth Management/ Philanthropy

”We are working on the question of misselling that may happen by a mutual fund distributor or an agent or by someone who is the responsibility of the mutual fund,” Madhabi Puri Buch said while speaking at the fourth Global Fintech Fest Sebi has proposed a...

Huawei files lawsuit in Portugal over ban on supplying 5G

by AIP Online Bureau | Sep 5, 2023 | Policy, Risk Management, Technology

Europe and the U.S. have concerns that Chinese involvement in critical infrastructure could compromise security. Beijing and Huawei reject such suggestions Chinese technology giant Huawei has filed a lawsuit with a Lisbon court against a resolution by Portugal’s...

S&P Global raises reinsurance sector view to stable from negative on higher prices

by AIP Online Bureau | Sep 5, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Analysts at S&P Global and Moody’s also told media briefings on Tuesday that they expected rates to rise further in 2024, after reinsurers took the brunt of catastrophe losses in recent years S&P Global has raised its view of the global reinsurance sector to...

Reliance Gen ties-up with OLA Electric for its Extended Warranty Product of Two-Wheelers

by AIP Online Bureau | Sep 5, 2023 | Non-Life, Technology

Reliance General Insurance has tied-up with OLA Electric for its Extended Warranty Product of Two-Wheelers . The Extended Warranty Product addresses customer concerns around battery life and performance. The battery cover offers to protect the battery life beyond the...

Tokio Marine Kiln appoints Joe Pickford as Aviation Underwriter

by AIP Online Bureau | Sep 5, 2023 | International News, Non-Life, Reinsurance

This appointment follows the continued development and expansion of TMK’s business in the Asia Pacific region, where it has operated since 2007. Other recent new hires include special risks underwriter, Cindy Gunawan, and cyber underwriter, Sam Bye Singapore: Tokio...
FM asks financial entities to ensure customers nominate heirs

FM asks financial entities to ensure customers nominate heirs

by AIP Online Bureau | Sep 5, 2023 | Indian News, Policy, Technology

Union Finance Minister Nirmala Sitharaman asked fintech companies to invest in cybersecurity and said that trust is very important Mumbai: India’s financial ecosystem has made a giant stride from being conventional to fintech-driven and the new solutions have...
Health Insurance: 68% of Indians have health cover under Rs10 Lakh, ACKO Health Insurance Index

Health Insurance: 68% of Indians have health cover under Rs10 Lakh, ACKO Health Insurance Index

by AIP Online Bureau | Sep 5, 2023 | Articles, Health, Non-Life

“Understanding the customer’s mindset regarding their health insurance needs is crucial. It is important to know how they evaluate their options and what gaps they want their insurers to fill. The ACKO Health Insurance Index has identified these gaps when it...

Automobile retail sales see 9 pc growth in August: FADA

by AIP Online Bureau | Sep 5, 2023 | Data, Eco/Invest/Demography, Non-Life

The total retail sales across segments rose to 18,18,647 units last month, up 9 per cent, from 16,74,162 units in August 2022. Passenger vehicle registrations increased by 7 per cent to 3,15,153 units last month from 2,95,842 units in August 2022 New Delhi: Automobile...
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