Ajay Banga,President,World Bank World Bank President Ajay Banga...
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Flood situation worsens in Assam, over 34,000 hit
At present, 523 villages are under water and 5,842.78 hectare of...
Climate-attributed U.S. Hurricane losses to increase by at aeast 10% over 20 yrs under selected scenarios: Aon
Aon plc has revealed how its academic collaborations are...
Citigroup launches new ESG investment banking group
“The current Covid crisis will elevate the importance of ESG to our clients, as they increasingly focus on more sustainable and resilient strategies and on recovery plans that help drive the just transition to a net-zero emissions future,” global BCMA heads Tyler Dickson and Manolo Falcó said in a memo to bankers sent on Tuesday.
Companies have become more focused on environmental, social and governance (ESG) factors in recent years as activists and investors put pressure on them and companies that put these considerations at the forefront are rewarded.
Coronavirus impact:Foreign investors look to exit India, withdraw $6.4 billion in March quarter
Cumulatively for the March quarter, FPIs were net sellers in the Indian equity markets to the tune of USD 6.4 billion, which is in sharp contrast to the previous quarter, when they bought net assets worth USD 6.3 billion.
World Bank says COVID-19 to push 60 million into poverty; announces $160 billion assistance to 100 countries
“To return to growth, our goal must be rapid, flexible responses to tackle the health emergency, provide cash and other expandable support to protect the poor, maintain the private sector, and strengthen economic resilience and recovery,” Malpass said.
WHO oversight body backs pandemic review, suggests reforms
“An imperfect and evolving understanding is not unusual during the early phase of a novel disease emergence. Many uncertainties still remain about COVID-19,” the seven-member panel said. It warned that “rising politicization of pandemic response” is impeding defeat of the virus, adding: “WHO cannot succeed without unified global political support”.
IMF chief warns full global economic recovery unlikely in 2021
“We do need to keep trade flows open, especially for medical supplies, food, and longer-term to find a pathway to overcome what is happening now with this crisis,” Georgieva said. “We want to continue to build this more prosperous future for all by overcoming the scarring that may come from this crisis.”
Over 2 million UK self-employed claim COVID grants – Sunak
The scheme, which was launched last week and provides grants of up to 7,500 pounds, is part of the government’s attempts to soften the hit of the coronavirus shutdown on the economy.
Sunak said the centrepiece of Britain’s economic policy response to COVID-19 – a programme to pay 80% of the wages of temporarily laid-off employees – now covered 8 million workers.
New Zealand to roll out ‘digital diary’ app to help people track movements
Prime Minister Jacinda Ardern said the app can be best described as a ‘digital diary’ helping people to record their personal movements, adding the data would not be shared to anyone else besides the user.
Indian Economy to Contract by 5% in FY21, Reform Measures to Help Medium-term Growth: Goldman Sachs
A slew of watchers are expecting a contraction in the Indian economy in FY21, some even after the Rs 20 lakh crore stimulus announced by the government. Goldman was earlier expecting a 0.4 per cent contraction before revising it down to a level it shares with Japanese brokerage Nomura
India took all needed steps well in time to combat COVID-19: Harsh Vardhan even as tally tops 1 lakh
Talking about India’s response to the COVID-19 battle, Vardhan said the country took all necessary steps well in time, including surveillance at points of entry, evacuation of nationals stranded overseas, massive community surveillance through robust disease surveillance network, strengthening of health infrastructure, capacity building of over two million frontline human resources, risk communication and community involvement.
Italy to protect businesses from liability if workers catch Covid-19
While infections are categorized as workplace accidents under the government’s decree on reopening the economy, business owners won’t automatically face penalties if employees contract the illness, said Franco Bettoni, president of Inail.