“This does not mean that we are pushing the planet across an...
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RBI’s financial inclusion index rises; shows growth across all segments
In August 2021, the central bank said it has been conceptualised as...
Weak El Nino conditions prevailing over the equatorial Pacific region: IMD
El Nino, characterised by elevated ocean surface temperatures in...
RBI cuts repo rate by 25 bps, market expects more cuts
India Inc on February 7 cheered RBI’s move to slash key interest rate by 25 basis points and hoped it would encourage banks to lower lending rates, thereby stimulating consumption and investment demand to boost economic growth.
Insurers need to diversify investments to tackle climate risks:IRDA chief
Alice Vaidyan, CMD, GIC Re said that the reinsurance and insurance sector have witnessed varies catastrophes in the last few years and in case of hurricane scenario, some patterns can be found. She emphasised that there is urgent need by insurers and govt. to put forth finances and support the risk management processes.
Japan insurers to target China M&A in new phase after $50 billion overseas push
Earlier,the overseas push by the Japanese insurers, , largely excluded China, the world’s No.3 insurance market after the United States and Japan, due to foreign ownership curbs and fragile diplomatic relations between the two Asian economies.That will change with China set to allow foreigners to own majority stakes in domestic insurance joint ventures, and Beijing and Tokyo looking to forge closer business ties amid rising trade tensions with Washington, the bankers said.
Automation impact: 76 per cent Indian employers plan to increase, maintain headcount
“As more and more robots are being added to the workforce, we, as leaders, must ensure that humans are integrated with machines, as this is the need of the hour,” said Manmeet Singh, President ? Experis, ManpowerGroup India
India should start a Well-Being Index
As noted in the Executive Summary of the Happiness Report, “All the top countries tend to have high values for all six of the key variables that have been found to support well-being: income, healthy life expectancy, social support, freedom, trust and generosity.” The well-being study disclosed that “The life satisfaction of individuals worldwide correlates with income, health, employment, education as well as with positive moods, freedom and beliefs about the benefits of work.”
Goyal’s new pension scheme pose risk for the Atal Pension Yojana
“The new pension scheme has the government as a 50 per cent co-contributor which is not there in the APY. So, people will prefer the new pension scheme to APY. Moreover, PFRDA had requested the government to increase the age limit under APY to 50 years from 40 years, which didn’t happen. So, we will have to revise the APY target,’’ said Contractor.
Insurance firms expect Interim Budget proposals to boost penetration
For the insurance industry, the schemes aimed at boosting farmers’ income and reducing tax outgoes for the middle-class will encourage consumption, while the plan to develop 1 lakh digital villages will boost digital infrastructure
Budget 2019: India to lead the world in transportation through EVs, says FM
Electric vehicle sales in India are expected to be 30 per cent of total sales by 2030. According to Niti Aayog estimates, EV sales are expected to touch around 25.36 million units in India in 2030.
What Is Universal Basic Income?
Many ongoing and prospective experiments with universal basic income around the world refer to very different interventions. Examples include cash transfers to a selected group of unemployed people for a short time in Finland, to adults for 12 years in Kenya, and to randomly chosen households in California. This diversity reflects the absence of a unified definition and assessment methodology in both the literature and policy discourse.
India improves global corruption index ranking by 3 points to 78 in 2018
India has improved its ranking on a global corruption index in 2018, while its neighbour China lagged far behind, according to the annual index released by an anti-graft watchdog on Tuesday. India rose by three points to 78 in the list of 180 countries in the...