According to Road Transport and Highways Secretary Anurag Jain, it...
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Environmental resilience a critical concern for major Asian cities: Tokio Marine & Economist report
Asian cities perform comparatively well in disaster management,...
AM Best revises outlook on India’s Non-Life Insurance segment to stable
The Best’s Market Segment Report, “Market Segment Outlook: India...
Facebook bans ads with false claims about new virus
For instance, ads for face masks that claim the products are 100% guaranteed to prevent the spread of the virus are not allowed, the company said.
Coronavirus could wipe out $1 trn of global GDP
Oxford Economics Ltd. reckons an international health crisis could be enough to wipe more than $1 trillion from global gross domestic product. That would be the economic price tag for a spike in workplace absenteeism, lower productivity, sliding travel, disrupted supply chains and reduced trade and investment.
Global funds load up on Indian stocks as virus shelter in Asia
Some observers still see lingering domestic issues as a threat to the economic rebound. While Indian stocks have been more resilient than others, “worries over the slowing domestic growth, as well as concerns over the liquidity and solvency of the non-bank financing sector remain,” said Kristy Fong, an Asian equities investment director at Aberdeen Standard Investments in Singapore.
Britain’s Financial Conduct Regulator admits data breach
The Information Commissioner’s Office, the body responsible for investigating and imposing sanctions on organizations found guilty of breaches of sensitive data, said the FCA had reported the incident and it would assess the information provided.
New Delhi is world’s most polluted capital for second straight year: Study
Last year, residents of New Delhi, home to more than 20 million people, could breathe “moderate” to “satisfactory” air only for four days in November and December, when pollution levels peaked.
How deadly is new coronavirus? It maybe too early to tell
As infections of the virus that causes COVID-19 surge in other countries, even a low fatality rate can add up to lots of victims, and understanding why one place fares better than another becomes critical to unravel.
PFRDA likely to add 10-12 new subscribers by fiscal-end: new Chairman
“By the end of the fiscal if you look at APY, there may be another close to 8-10 lakh additions and another 1-1.5 lakh for NPS. So all taken together, around 10-12 lakh new customers should join our fold by March-end,” Bandhopadhyay said.
Proposed IPO of LIC to benefit insurance industry: Fitch
“We think the insurer’s investment allocation decisions will be rationalised too, as major investment decisions could be subjected to additional scrutiny and approvals. LIC is one of the prominent institutional investors in several public sector assets, and in multiple instances has obtained exceptions from the insurance regulator to increase its stake in investee companies above the regulatory ownership cap of 15 per cent,” it said.
Hong Kong to give big cash handouts as economy reels from virus
Last week Hong Kong’s government announced an HK$30 billion relief fund for those hit hardest by the virus outbreak, including cash handouts for businesses like restaurants and travel companies.
Markets are overreacting to threat of Coronavirus: Allianz CEO Baete
“There’s a lot of panic at that moment that’s not warranted,” said Baete. “Short-term economic activity will contract and it will have an impact on global GDP, but it’s not like the world will end tomorrow.”