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Eco/Invest/Demography

PFRDA plans to raise max entry age for NPS to 70 yrs, logs 23 pc growth in subscriber base in FY 2020-21

For those, will be are joining the NPS beyond 60 years of age, will now be allowed to be there until the age of 75 years,

PFRDA is planning to increase the withdrawal limit for which an investor doesn’t have to by any annuities from Rs 2 lakh to 5 lakh

PFRDA has decided to go for on-tap licensing where new players fulfilling the eligibility criteria can apply for licenses any time of the year.

2 more players including Axis bank with partnership of Axis Mutual Fund will start  their operations soon,

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Covid 19 Pandemic: 9 in 10 Singaporeans still struggling with their mental health, men and younger adults most worried

Wong Sze Keed, chief executive officer of AIA Singapore, says, “While our nation is heading for a post-pandemic recovery, mentally, we are still trying to navigate our way out of COVID-19 uncertainities. It is not enough to only take care of our physical health. This conviction drives our holistic approach to protect the many aspects of our customers’ wellbeing – such as financial, physical, and mental health – to enable everyone to truly lead healthier, longer, better lives.”

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Coronavirus curbs disrupt supply chains, stoke economy worries

Small businesses are also worried that as workers may return to their villages as cases rise and job prospects worsen.In Meerut, an industrial hub about 100 km from New Delhi, Anurag Agarwal, regional head of the Indian Industries Association, said the prices of raw materials for sports goods and other products had risen as supplies have been delayed.

“Night shifts have been cancelled and unforeseen rise in prices of key raw materials have contributed to our woes,” said Agarwal, who represents about 10,000 business units.

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IFAD and IsDB commit $500 million to address hunger and climate change in poor rural communities

“Both institutions strive to improve the lives of the world’s most vulnerable people and contribute to ending poverty. Through this agreement we can strengthen our impact in areas of common interests, including improving access to markets and rural financial services, increasing climate resilience and using technology and innovation to maximize impact.”said Gilbert F. Houngbo, President of IFAD

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Flexible working is more than just a laptop at Home, Survey says

Almost all organizations polled said they are planning for a future involving hybrid work — split between home and office locations — though just 36% are redesigning job roles with more flexibility in mind. Without more targeted support, parents and carers in particular risk erasing the boundaries between work and home life and seeing their workload increase, the survey said.

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3.1 million external attacks on Cloud user accounts in Q4 2020: McAfee report

“Ransomware and malware targeting vulnerabilities in work-related apps and processes were active and remain dangerous threats capable of taking over networks and data, while costing millions in assets and recovery costs,” Samani added.

Malware was the most reported cause of security incidents in Q4, followed by account hijackings, targeted attacks and vulnerabilities.

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German regulator acts to halt ‘illegal’ WhatsApp data collection

The regulator in the city-state of Hamburg said that it had opened emergency proceedings against Facebook after WhatsApp earlier this year informed users that they would need to consent to new data terms or stop using the service.

“We have reason to believe that the data sharing policy between WhatsApp and Facebook is being impermissibly enforced due to the lack of voluntary and informed consent,” said Hamburg’s data protection officer Johannes Caspar.

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