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Pension-related concerns, healthcare among top queries of senior citizens on govt helpline
About 65 per cent of senior citizens are facing financial problems...
Freelancers, startups drive demand for co-working spaces in Bengaluru
Ashish Agarwal, Co-founder and CEO of Enzyme Office Space talking...
Building trust is key to addressing underinsurance in mature markets: Geneva Association Customer Survey
Jad Ariss, Managing Director of The Geneva Association, said: “Contrary to general belief, protection gaps are not limited to emerging countries. They are also common in advanced economies. It is encouraging that, according to the survey’s results, people widely understand what insurance is about and its vital role in the economy and society. However, the research also reveals misperceptions of insurers and their products. Addressing this mismatch will be essential to encouraging a wider adoption of insurance in mature economies.”
Govt considering hike in pension age limit under Atal Pension Yojana
The APY is based on defined benefit for providing a guaranteed minimum monthly pension of ₹1,000/ ₹2,000/ ₹3,000/ ₹4,000/ ₹5,000 at the age of 60 years based on the pension amount chosen
Modi govt considers tougher rules for audit firms amid crack down on lapses
To stamp out conflicts of interest, the corporate affairs ministry is also weighing either a complete ban on non-audit services or limiting the revenue generation from consulting businesses such as advising companies on restructuring and valuing mergers, the person said, asking not to be identified as the information isn’t public.
Robots on track to wipe out a tenth of manufacturing jobs by 2030: Report
While automation should boost the economy as a whole, it is likely to create greater inequality as employment losses are concentrated in certain industries and countries. Manufacturing could lose 20 million positions by 2030, making the sector 8.5% smaller than “if robots were not remaking the market,” according to the research firm’s report.
In ‘climate apartheid’, rich will save themselves while poor suffer: UN
The report, submitted to the UN Human Rights Council by its special rapporteur on extreme poverty, Philip Alston, said business was supposed to play a vital role in coping with climate change, but could not be relied on to look after the poor.
Rivals ride rising rates as Lloyd’s abandons some ship insurance
Premiums for marine insurance, which until 2018 had fallen for years due to rising competition and lower claims, are increasing after a surge in catastrophe losses in the past two years and growing geopolitical tensions..
Persian Gulf oil shipments now cost more than $500,000 to insure
Underwriters are now aiming to charge anywhere from $150,000 to $325,000 to cover a cargo valued at $130 million, the people familiar with that market said. Until this week, the same cover cost $1,000 or less. Insuring the tanker itself now costs in excess of $200,000, based on a $75 million vessel. That’s up from less than $30,000 at the start of 2019.
Govt approves Motor Bill; steep penalties for traffic offences proposed
As per the Bill, driving without insurance will be punishable with Rs 2,000 fine, while driving without helmets will attract Rs 1,000 fine and 3-month suspension of licence. As per the new provisions “guardian/owner shall be deemed to be guilty and there will be a penalty of Rs 25,000 with three years imprisonment and cancellation of registration of the Motor Vehicle”.
Kerala best state on health parameters, UP ranks worst, reveals Niti Aayog
Releasing the report, Niti Aayog Vice-Chairman Rajiv Kumar said the Aayog is committed to establishing the Health Index as an annual systematic tool to propel states towards undertaking multi-pronged interventions to bring better health outcomes.Niti Aayog member Vinod Kumar Paul said the Union government should spend 2.5 per cent of gross domestic product on health
Trump moves to force hospitals, insurers to disclose Prices
The Trump administration has advocated for bringing down health-care costs by making prices more visible, boosting competition and reducing regulation. The approach contrasts with proposals from many Democratic presidential candidates to expand Medicare, the government health-insurance program for older Americans, to the broader population.