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Cyber insurance: Indian market set to witness exponential growth, Deloitte’s report
Indian cyber insurance market is valued at USD 50-60 million,...
California Governor signs bill expanding conservatorship law
The law is designed to make it easier for authorities to provide...
FM unveils merger of 10 govt banks to revive economic growth from 5-yr low
Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set of mergers — Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender; Canara Bank and Syndicate Bank will merge; Union Bank of India will amalgamate with Andhra Bank and Corporation Bank; and Indian Bank will merge with Allahabad Bank.
Weak systems and funding gaps jeopardize drinking-water and sanitation in the world’s poorest countries:WHO
The UN-Water Global Assessment and Analysis of Sanitation and Drinking-Water 2019 (known as the GLAAS report) surveyed 115 countries and territories, representing 4.5 billion people. It showed that, in an overwhelming majority of countries, the implementation of water, sanitation and hygiene policies and plans is constrained by inadequate human and financial resources. Nineteen countries and one territory reported a funding gap of more than 60% between identified needs and available funding. Less than 15% of countries have the financial or human resources needed to implement their plans.
Bank recapitalisation unlikely to deliver much, says S&P
“Fragile financial markets, rising risk aversion, and weakness in some highly leveraged corporate sectors will continue to stress the asset quality and growth,” the agency said, adding the key to banking recovery is the resolution of legacy weak assets.
EPFO to launch e-inspection system to simplify process
The proposal to double minimum monthly pension Rs 2,000 under the Employees’ Pension Scheme, 1995, was deferred as employees’ representative demanded for higher amount, the source added.
Amazon sued by publishers claiming audible text service violates copyright
The lawsuit was filed by seven members of the Association of American Publishers (AAP), including HarperCollins Publishers, Penguin Random House, Hachette Book Group, Simon & Schuster, and Macmillan Publishers.
“Essentially Audible wants to provide the text as well as the sound of books without the authorization of copyright holders, despite only having the right to sell audiobooks,” AAP said in a statement.
Why are Amazon fires potentially sparking global climate crisis?
Brazilian climate scientist Carlos Nobre believes 15-17% of the entire Amazon has already been destroyed. At first, researchers thought the tipping point would be 40% destruction. But that has changed with global warming raising temperatures in the Amazon and the increasing number of fires. Nobre now says that the tipping point is more likely at between 20-25%.
Do we need a backup planet to survive?
Last week, Elon Musk said that ‘a big rock (asteroid) will hit Earth eventually & we currently have no defence’
Jeff Bezos, on the other hand, worries that we will run out of energy on Earth, leaving the future generations with limited resources which can block their growth, dynamism
Foreign investors pull out Rs 3,014 cr from capital markets in Aug so far
“One can now expect reversal of the FPI selling. The market is likely to look up from now on. However, sustained rally in the market will happen only when we have visibility on good earnings growth and reversal of the slowdown underway in the economy which requires more reforms.The Finance Minister has announced that she will come back with more reforms soon. So, there is hope,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
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India to achieve most of COP 21 climate change goals in next 1.5 yrs Modi
The country had decided to better adapt to climate change by enhancing investments in development programmes in sectors vulnerable to climate change, particularly agriculture, water resources, Himalayan region, coastal regions, health and disaster management.
Early claims and crash tests suggest risks of luxury, SUV electric vehicles
In serious crashes, electric autos’ high-voltage power plants automatically shut down, AXA noted, but damaged batteries can catch fire up to 48 hours after a crash, making it more difficult to deal with the aftermath of an accident.