As Bangladesh faces worsening climate change impacts on a warming...
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World Bank to fund Odisha to increase social protection, disaster resilience
This Externally Aided Project will augment government efforts in...
Bank of England tells UK to hold insurers to account on infrastructure
Britain is rolling back capital rules for insurers from later this...
Cyber joins Business Interruption as leading Global Risk for first time: Allianz
“Companies need to plan for a wide range of disruptive scenarios and triggers, as this is where their big exposure lies in today’s networked society,” says Chris Fischer Hirs, CEO of AGCS.
“Disruptive risks can be physical, such as fire or storms, or virtual, such as an IT outage, which can occur through malicious and accidental means. They can stem from their own operations but also from a company’s suppliers, customers or IT service providers. Whatever the trigger, the financial loss for companies following a standstill can be enormous.
There may be no tax on income up to ₹500,000
Budget may also reinstate tax-free status for medical expenses and transport allowance, providing some relief to the section already under strain since demonetisation
Tax return will soon be processed in one day
The processing time at present for ITR is 63 days and it will come down to one day after implementation of the project.will ensure transparency and accountability besides faster processing of returns and issue of refunds to the taxpayers’ bank account directly without any interface with the Income Tax Department
“Rising geopolitical and geo-economic tensions are the most urgent risk in 2019”
The report released on Wednesday said environmental degradation is the long-term risk that defines the current era, with four of the top five most impactful global risks in 2019 related to climate Rapidly evolving cyber and technological threats are the most significant potential blind spots; and the vulnerability of networked societies still not fully appreciated, said the report.
FPIs turn net sellers in January; withdraw Rs 3,600 cr in just 9 sessions
“Going ahead, the focus would be on the budget, country’s progress on the economic growth front as well as general elections. Other factors such as movement in crude prices and currency, which would have a bearing on the country’s macro-environment; and worries over global trade war will continue to guide the direction of FPI flows,” he added.
US: Drug advertising drives $30 bn Medical Industry marketing machine
The researchers estimated that medical marketing reached $30 billion in 2016, up from $18 billion in 1997. Spending on consumer-focused ads climbed fastest. But marketing to doctors and other health professionals still grabbed the biggest share with the bulk of it paying for free drug samples.
“Marketing drives more treatments, more testing” that patients don’t always need, said Dr. Steven Woloshin, a Dartmouth College health policy expert. Woloshin wrote the report with his wife, Dr. Lisa Schwartz, both longtime critics of over-diagnosis and over-treatment.
65% chance that weak El Niño will emerge in Spring, U.S. Weather Service
El Niño can affect rainfall and temperature patterns in many regions, with important consequences for agricultural and food security sectors, according to the United Nations World Meteorological Organization.
Bengal pulls out of Ayushman Bharat
Ayushman Bharat scheme in West Bengal was merged with Mamata’ Swasthya Sathi health scheme, where the state government provides for 40 percent of the total cost.
Insurance Penetration and Density are on a slow recovery path in India
The life insurance industry’s penetration has seen a slight increase in 2015 reaching 2.72 percent, remained same in 2016 and increased to 2.76 in the year 2017. The penetration of non-life insurance sector in the country has gone up from 0.56 in 2001 to 0.93 in 2017(0.77 in 2016).
Los Angeles sues IBM’s Weather Channel for use of location tracking
In a complaint filed Thursday [Jan. 3] in California state court, the city alleges IBM used detailed location data from users for targeted advertising and to identify consumer trends that might be useful to hedge funds, while at the same time telling consumers their location would only be used to localize weather forecasts. The suit doesn’t allege personally identifiable information was sold.