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In a major regulatory action, Aviva India's insurance unit has been fined $7.5 million for its involvement in fraudulent activities. The investigation revealed that the company engaged in creating fake invoices to pay illegal commissions and claim incorrect tax credits. This revelation has raised concerns about ethical practices in India's financial sector, highlighting the need for stricter compliance measures. What Happened? Between 2017 and 2023 , Aviva India reportedly paid $26 million to vendors who did not provide the services listed on the invoices. These vendors allegedly facilitated excess commission payments to Aviva’s insurance agents. Furthermore, this scheme allowed Aviva to evade $5.2 million in taxes . The Indian authorities uncovered this financial malpractice through a routine audit, leading to a penalty of $7.5 million imposed on the company. The ruling has sent shockwaves across the insurance industry, reinforcing the need for ethical fina...

A tragic stampede at New Delhi Railway Station has claimed at least 18 lives , leaving dozens injured in a horrifying incident that has once again raised concerns about crowd management at major transit hubs in India. The government has announced a two-member inquiry panel to investigate the circumstances that led to the disaster and to prevent such tragedies in the future. What Happened? The stampede occurred on February 15, 2025 , at Platform 14 of New Delhi Railway Station. Thousands of passengers, many of them devotees heading to the Maha Kumbh festival in Prayagraj , had gathered at the station. Reports indicate that the chaos started when a large number of people rushed toward an incoming train, Prayagraj Express , leading to a sudden surge of passengers trying to board. Eyewitnesses describe a horrifying scene, with people getting trapped, pushed, and trampled in the overcrowded platform area. Many passengers, including women and children, found themselves ...