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South Korea flood death toll rises to 40, Yoon blames botched responses

South Korea flood death toll rises to 40, Yoon blames botched responses

by AIP Online Bureau | Jul 17, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The incident fueled questions over South Korea’s efforts to prevent and respond to flood damage. Some drivers who use the road regularly blamed the government for failing to ban access to the underpass even though floods were widely forecast South Korean President...

File ITR at earliest as govt not contemplating extension of July 31 deadline: Revenue secretary

by AIP Online Bureau | Jul 16, 2023 | Eco/Invest/Demography, Indian News, Policy

About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23 New Delhi: Revenue Secretary Sanjay Malhotra has asked income tax payers to file their return at the earliest as the finance ministry is...

by AIP Online Bureau | Jul 16, 2023 | Workplace/Employee Benefits

Google AI health chatbot passes US medical exam: Study

by AIP Online Bureau | Jul 16, 2023 | Health, Risk Management, Technology

To identify and cut down on “hallucinations” — the name for when AI models offer up false information — Google said it had developed a new evaluation benchmark Google’s artificial intelligence-powered medical chatbot has achieved a...

Losing weight right way, eating better and exercising more lowers the risk of heart disease

by AIP Online Bureau | Jul 16, 2023 | Facts, Health, Risk Management

Eating better and exercising more leads to weight loss that lowers the risk of heart disease rather than skipping meals and taking diet pills. The study is the first to compare weight-loss strategies and results in the context of the American Heart Association’s...

FPIs infuse Rs 30,600 cr in Indian equities in the first fortnight of July

by AIP Online Bureau | Jul 16, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The incessant buying by FPIs could be attributed to a variety of factors such as the country’s robust economic growth, strong corporate earnings, and relatively competitive valuations of Indian equities compared to other markets, Sonam Srivastava, Founder of...

Raj govt partners with Square Insurance

by AIP Online Bureau | Jul 16, 2023 | Indian News, Non-Life, Technology

The objective of the MoU is to bring all the insurance products and services to the last mile person in Rajasthan by using e-Mitra network and provide an umbrella of all the insurance products in services offered by the largest and smallest insurance providers in...

DICGC asks banks to display its logo, QR code on their websites

by AIP Online Bureau | Jul 16, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

”With a view to enhance the awareness about deposit insurance in a focused and sustained manner and in consultation with the RBI, it has been decided that all banks registered with DICGC shall henceforth display the logo of DICGC and QR code linked to the DICGC...

Investors prefer small-cap mutual funds over large-cap; invest Rs 11,000 cr in June quarter

by AIP Online Bureau | Jul 16, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The small-cap category in the mutual fund space has given impressive returns with a compound annual growth rate (CAGR) of 30-37 per cent for one year, 40-44 per cent for three years, and 18-21 per cent for five years Mumbai: Mutual funds focused on small-caps have...

Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

by AIP Online Bureau | Jul 16, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Risk Management

Indicating the rising stress level among individuals, a Transunion Cibil report last week said delinquencies in the credit card portfolio of banks have been rising and have jumped by 66 basis points to 2.94 per cent in March 2023. Credit card spending has hit a record...
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