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Govt’s share in health expenditure increased from 28.6 pc in FY-14 to 40.6 pc FY-19: Eco survey

by AIP Online Bureau | Jan 31, 2023 | Health, Indian News

The NHA’s estimates for FY-19 show that there has been an increase in the share of government health expenditure (GHE) in the total GDP from 1.2 per cent in FY-14 to 1.3 per cent in FY-19, the survey stated New Delhi: The government’s share in the total...

India’s gold demand dips marginally to 774 tonnes in 2022: WGC

by AIP Online Bureau | Jan 31, 2023 | Data, Eco/Invest/Demography

India’s fourth quarter gold demand in value was down 15 per cent at Rs 125,910 crore in comparison to Rs 148,780 crore in the same period of previous year India’s overall gold demand remained resilient and witnessed a marginal decline of 2.92 per cent in...
CR Vijayan takes over as acting secretary general of GI Council

CR Vijayan takes over as acting secretary general of GI Council

by AIP Online Bureau | Jan 31, 2023 | Indian News, Non-Life

C R Vijayan,acting secretary general, General Insurance Council, Though Inderjeet Singh, director and general manager, GIC Re has already been appointed as the secretary general of the GI Council in January first week,  is yet to join as his application for...
Insurers now can pay profit related commission to their non-executive directors: IRDAI

Insurers now can pay profit related commission to their non-executive directors: IRDAI

by AIP Online Bureau | Jan 31, 2023 | Health, Indian News, Non-Life, Regulation

Amount of payment of remuneration in the form of profit related commission to each of the non-executive director should not exceed the limits specified in the norms on remuneration of non-executive directors and managing director /chief executive officer / whole-time...

Neglected tropical diseases continue to pose significant health burden in India: Expert

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, Health, Indian News

”NTDs continue to pose significant health burdens on some of the most disadvantaged communities in India. In the country, over 670 million people are at risk of infection by Wuchereria bancrofti and Brugia malayi parasites in 272 districts which represents...

Memory chip crisis threatens to wipe out earnings, destabilise suppliers

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, International News, Technology

It’s been a swift descent from the industry’s pandemic sales surge, which was fueled by shoppers outfitting home offices and snapping up computers, tablets and smartphones. Now consumers and businesses are holding off on big purchases as they cope with inflation and...
Insurers hit with thousands of claims as rains soak New Zealand

Insurers hit with thousands of claims as rains soak New Zealand

by AIP Online Bureau | Jan 30, 2023 | Disaster & Management, Eco/Invest/Demography, Non-Life, Reinsurance

Citi in a research note observed that IAG’s exposure to the floods in Auckland, which could be potentially as much as A$236 million, is “much greater” than Suncorp’s NZ$50 million cap Major insurers operating in New Zealand including Insurance Australia Group and...
9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari

9 lakh govt vehicles, buses older than 15 years to go off the road from Apr 1, says Gadkari

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, Indian News, Non-Life

Nitin Gadkari,Union Minister for Road Transport & Highways ‘We have now approved the scrapping of more than nine lakh government vehicles, which are more than 15 years old, and polluting buses and cars will go off the road and new vehicles with alternative...

LIC says it has exposure of Rs 36,474.78 crore to Adani group

by AIP Online Bureau | Jan 30, 2023 | Eco/Invest/Demography, Indian News, Life

”Our total holding in the Adani group companies under equity and debt a on date is Rs 36,474.78 crore. This was Rs 35,917.31 crore as of December 31, 2022. Total purchase value of these equities of the group companies, bought over the past many years, is Rs...

Bajaj Finserv net income jumps 42 pc to Rs 1,782 crore

by AIP Online Bureau | Jan 30, 2023 | Indian News, Life, Non-Life

The general insurance arm’s net profit declined 9 per cent to 278 crore from Rs 304 crore and that of life insurance arm’s too declined 8 per cent to Rs 81 crore from Rs 88 crore. Mumbai:Bajaj Finserv, holding company of Bajaj Group’s financial...
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