Former U.S. Secretary of State Hillary Clinton “We need to rethink...
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UP govt provides assistance of up to Rs 5 lakh under Farmer Accident Welfare Scheme
Yogi Adityanath, Chief Minister,Uttar Pradesh It is noteworthy that...
Over 40 cough syrup manufacturers fail quality test: Report
The move came after several deaths were reported globally post...
Climate Risk:Singapore prepares itself with $72B Defense Plan
The idea is to make sure each generation contributes a fair share, without burdening future generations, said a spokesperson from the Ministry of Environment and Water Resources. With no hinterland to retreat to, Singapore has no choice but to invest long term to meet the impacts of climate change, the spokesperson said.
Govt revises rules for enhanced disclosures in auditor reports of companies
Among other requirements, a specific format has been prescribed for auditors to report the period and the amount of default by the company in repayment of loans or other borrowings or in the payment of interest thereon to any lender.
Mega bank merger on track, says Sitharaman amid worry over April 1 deadline
“We are also conscious of extra load on them [banks] in terms of the kind of demands that I put on them. I have asked them to reach out to 400 districts, I have asked them to reach out to MSMEs, restructure their loan. So there is a lot of core banking work, which they are undertaking. I must be conscious of that also. So the merger and the decision taken by respective banks boards are all well taken. We are going as per schedule on that. There is no uncertainty on that. I am on course. There need not be speculation,” she said after unveiling EASE 3.0, the Public Sector Bank (PSB) Reforms Agenda 2020-21 for smart, tech-enabled banking, and the PSB EASE Reforms Annual Report 2019-20.
Global recession likely if coronavirus becomes pandemic: Moody’s Analytics
“COVID-19 is battering the global economy in numerous ways. Chinese business travel and tourism has all but stopped; global airlines are not going to China and cruise lines are cancelling most Asia-Pacific itineraries. This is a huge problem for major travel destinations, including in the US, where some 3 million Chinese tourists visit each year,” Moody’s Analytics said.
US expands its reinsurance program,transfers $400 mn in flood risk to capital markets
As part of the agreement, FEMA will pay $50.28 million in premiums for the first year of reinsurance coverage. Additionally, the agreement will cover 3.33 percent of losses for any single flood event with losses between $6 and $9 billion, and 30 percent if that same flood event has losses that rise to $9 to $10 billion.
WHO warns of pandemic risk after coronavirus peaks in China
The situation is worsening in other countries, with more than 2,000 cases and 30 deaths reported abroad, prompting a raft of restrictions on travellers from infected nations.
Ensure benefits of tech are available to everyone: Nadella to developers
“Every bank that builds an app will have to deal with trust, and trust around AI and the AI models they deploy. The core cybersecurity of their asset, their customers’ data…if there is a real currency of the next 10 years, (it) is how diverse and inclusive your teams are that are building all these technologies – gender diversity, ethnic diversity – because there is no protection against unconscious bias other than diversity,”
G Srinivasan panel to examine if life insurers can sell indemnity based health products
General Insurance Council had been vehemently opposing the proposal.Even Kumar, chairman, LIC was not supportive of the idea of life insurers selling indemnity products.
Coronavirus fears drive up credit risk for Gulf crude exporters
The United Arab Emirates on Tuesday suspended all flights to and from Iran due to the spread of the coronavirus in the Islamic republic, while Kuwait, Bahrain and Oman reported their first cases this week.
Indian CEOs need to build their own inclusive tech solutions: Nadella
Stating that the last decade saw emergence of the aggregators, he asserted that aggregators are not enough alone. “We need to ensure that digital interventions lead to broadening of productivity.”