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82% of Indians either alarmed or concerned about global warming, says study

by AIP Online Bureau | May 4, 2023 | Eco/Invest/Demography, Indian News

The study has found that the majority of the people belonging to three segments backed the formulation of policies to fight climate change and opined that the Indian government should be doing more to address global warming Thiruvananthapuram: About 82 per cent of...
Reliance shareholders, creditors approve demerger of financial services arm

Reliance shareholders, creditors approve demerger of financial services arm

by AIP Online Bureau | May 4, 2023 | Health, Indian News, Life, Non-Life

The financial services arm will now be renamed to Jio Financial Services Limited and will undertake a host of financial services including setting up a life insurance as well as one general insurance company and the shareholders of Reliance Industries will receive one...

Additional contribution of 1.16 pc for higher pension to be drawn from employers’ payout

by AIP Online Bureau | May 4, 2023 | Indian News, Pension & Social Security, Workplace/Employee Benefits

”It has been decided to draw 1.16 per cent additional contribution from within the overall 12 per cent of the contribution of the employers into the provident fund,” a labour ministry statement issued late in the evening on Wednesday said New Delhi:...

New finding may improve type-2 diabetes treatment in India: Lancet study

by AIP Online Bureau | May 4, 2023 | Facts, Health

“The knowledge may be used to prevent the disease in India, which has the second highest number of diabetes worldwide after China. Our findings suggests that efforts to prevent malnutrition in Indians may also prevent type 2 diabetes,” Rashmi Prasad, associate...

Delhi HC directs authorities to take action against fitting crash guards on vehicles

by AIP Online Bureau | May 4, 2023 | Indian News, Policy, Regulation

A bench of Chief Justice Satish Chandra Sharma and Justice Tushar Rao Gedela noted that crash guards and bull bars on motor vehicles are not allowed and the government agencies shall implement the provisions of law rigorously New Delhi: The Delhi High Court Wednesday...

El Nino likely to return in July, may impact Indian monsoon

by AIP Online Bureau | May 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News

India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra said last week that any effect the El Nino might have on monsoon will only be visible during the second half of the season ”It is not necessary that an El Nino will lead to a bad...
Fed raises rates, opens door to pause in tightening cycle

Fed raises rates, opens door to pause in tightening cycle

by AIP Online Bureau | May 4, 2023 | Eco/Invest/Demography, International News

Fed Chair Jerome Powell The change doesn’t foreclose the central bank’s policy-setting committee from hiking rates again when it meets in June, but Fed Chair Jerome Powell said it was now an open question whether further increases will be warranted in an...

India’s green financing requirement estimated at 2.5 pc of GDP: RBI Study

by AIP Online Bureau | May 3, 2023 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Regulation

”India’s diverse topography makes it highly vulnerable to climate risks, manifested in the form of sustained rise in temperature, erratic monsoon patterns, and rising frequency and intensity of extreme weather events Mumbai: The Reserve Bank of...

Remuneration norms of pvt sector insurers MDs to be applied for their KMPs also, proposes IRDAI

by AIP Online Bureau | May 3, 2023 | Indian News, Regulation, Workplace/Employee Benefits

The step will give more clarity to the extent of variable pay with respect to the total remuneration of directors and KMPs, variable pay deferral, malus and clawback provisions, accounting disclosures, said the IRDAI Hyderabad: The existing framework, in operation...

Retail investors’ avg ticket size declines to Rs 68,321 in FY23

by AIP Online Bureau | May 3, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Going by the data, the contribution of small towns or B30 cities to mutual fund industry’s assets under management of over Rs 40 lakh crore stood at 17 per cent as of March-end. Moreover, B30 (beyond top 30 cities) tend towards equity assets with 79 per cent of...
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