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FM Sitharaman to present Union Budget on July 23
Nirmala Sitharaman,Union Finance Minister Analysts expect many...
Banks to publish crypto asset exposure from 2026, global regulators say
“These disclosures aim to enhance information availability and...
Pfizer withdraws application for emergency use of its COVID-19 vaccine in India
“Based on the deliberations at the meeting and our understanding of additional information that the regulator may need, the company has decided to withdraw its application at this time,” it said in a statement to Reuters.
Climate change seen posing health risks for 12 million people in UK
Britain faces a particular health risk from heatwaves due to its large elderly and vulnerable population, said the report, noting that heat-related deaths among the over-65s had risen 21% between 2004 and 2018.
RBI holds interest rates steady at record lows as economic outlook improves
“Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021/22, we would undo the damage that COVID-19 has inflicted on the economy,” Reserve Bank of India Governor Shaktikanta Das said after announcing the rate decision.
The repo rate or RBI’s key lending rate was held at 4% while the reverse repo rate or its borrowing rate was left unchanged at 3.35%.
Odisha’s Balasore to get country’s first thunderstorm research testbed: IMD
Bhubaneswar: Odisha's Balasore will get the country's first thunderstorm research testbed, the India Meteorological Department (IMD) has said. The objective of setting up the thunderstorm testbed is to minimalise human fatalities and loss of...
RBI unveils ‘One Nation One Ombudsman’ for grievance redressal of financial consumers
The RBI has said major payment system operators in the country would be required to facilitate setting-up of a centralised industry-wide 24×7 helpline for addressing customer queries in respect of various digital payment products and give information on available grievance redress mechanisms by September 2021.
Another ship in rough Pacific Ocean spills containers overboard
Forty-one empty containers fell from the ship around Jan. 29, according to a website notice from marine-claims consultancy W.K. Webster, which said it has nominated a surveyor to investigate the extent of damage.
The incident is at least the second time this year, and the third time in less than 10 weeks, that a notable number of containers have fallen into the Pacific while ships ply the busy trade lane.
Over 290,000 cyber security incidents related to banking reported in 2020
“The percentage rise in digital transactions is 46 per cent in 2020 in comparison to 2018-19,” he said.
The numbers of digital transactions have increased from 3,134 crore in the financial year (FY) 2018-19 to 4,572 crore in FY 2019-20, Dhotre added.
More at risk of losing homes as climate change outpaces response, Fiji warns
Mami Mizutori, who leads the U.N. Office for Disaster Risk Reduction said globally, there had been a notable reduction in the loss of life caused by extreme weather events like storms and floods, as governments stepped up efforts over the past five years to evacuate millions of people to safer places. But the number of people affected by disasters remained “chronically high”, with displacement one of the harshest consequences, pushing many into crowded city slums or to other countries where they do not always get a friendly reception.
Only about 100 countries have so far put formal strategies in place to cut the risk of disasters, she said. Such plans can include things like early warning systems, stronger building codes and a ban on construction in flood-prone areas.
US insurance industry M&A deals total $4.57bn in Q4 2020:GlobalData
The US held a 56.6% share of the global insurance industry M&A deal value that totalled $8.08bn in Q4 2020.
In terms of deal activity, the US recorded 73 deals during Q4 2020, marking a rise of 46% over the previous quarter and a rise of 69.8% over the last four-quarter average.
U.N. chief names Michael Bloomberg climate envoy to rally action
The media mogul will support Guterres in “growing and strengthening” a coalition of governments, companies, cities and businesses committing to net-zero emissions by 2050 in line with the goals of the 2015 global climate deal struck in Paris, the United Nations said.