Category:

Eco/Invest/Demography

Nirmala Sitharaman introduces Bill in Rajya Sabha to allow 74% FDI in insurance sector

Sitharaman presenting the Union Budget for 2021-22 had said, “I propose to amend the Insurance Act, 1938 to increase the permissible FDI limit from 49 percent to 74 percent in insurance companies and allow foreign ownership and control with safeguards.”

Under the new structure, the majority of directors on the board and key management persons would be resident Indians, with at least 50 percent of directors being independent directors, and specified percentage of profits being retained as a general reserve.

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Swiss Re announces ambitious climate targets; accelerates race to net zero

Swiss Re’s Group Chief Executive Officer Christian Mumenthaler said: “Climate change remains the biggest challenge we face as a society. The stakes are high and require immediate attention. Signing up to net-zero emissions by 2050 and setting concrete climate targets are important first steps. What needs to follow now is action. We are moving ahead in all areas of our business to accelerate the transition towards net zero.“

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Lethal pollution high in 2020 despite lockdowns: report

Concentrations of the life-shortening particles — cast off by traffic pollution and burning fossil fuels — dropped 11 percent in Beijing, 13 percent in Chicago, 15 percent in New Delhi, 16 percent in London, and 16 percent in Seoul.

At least 60 percent of India’s cities were more breathable last year than in 2019, and all of them had cleaner air than in 2018.

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APAC not on track to achieve SDG goals by 2030; may realize 10 pc of target: UN report

There are 17 goals under the United Nations Economic and Social Commission for Asia and Pacific (UNESCAP), targeted to be achieved by 2030.

These include no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation, affordable and clean energy, decent work and economic growth, bio-diversity, innovation and infrastructure, and reduced inequalities, among others.

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British Airways calls for vaccinated people to travel without restrictions

He wants government to give its backing to health apps that can be used to verify a person’s negative COVID-19 test results and vaccination status. Apps will be key to facilitating travel at scale, the industry has said. Airline staff checking paperwork takes 20 minutes per passenger and is not practical if large numbers of passengers return.

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Rs 2,000 notes not printed in last 2 years: Govt in Lok Sabha

The move is seen as an attempt to prevent hoarding of the high-value currency and thus, curb black money.

The Rs 2,000 notes were introduced in November 2016, soon after the government withdrew Rs 500 and Rs 1,000 notes in an attempt to curb black money and fake currencies.

While a new Rs 500 note was printed, Rs 1,000 currency notes were discontinued. Instead, Rs 2,000 note was introduced.

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