Complementing the Bengaluru expansion, FM will also open a new...
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Indian cities need $2.4 trillion for climate infrastructure by 2050, World Bank says
The number of Indians living in cities is projected to nearly...
India’s financial inclusion index improves, surges to 67 from 64.2 in March 2024: RBI
It captures the level of financial inclusion using data from...
ANALYSIS-China avoids climate change discussion despite extreme weather
China's CO2 emissions grew 10% in the first quarter of 2023 from a year earlier, rising by approximately 1% above record levels in 2021, according to research by the Centre for Research on Energy and Clean Air (CREA) . Record heat and historic floods in China this...
No compensation paid from Environment Relief Fund since 2019: Govt
Instituted under the Public Liability Act, 1991 (PLIA) in the wake of the Bhopal Gas Tragedy, the Environment Relief Fund's (ERF) primary purpose is to offer immediate relief to victims of accidents involving hazardous substances. The PLIA mandates industries handling...
Odisha Govt to open ‘CSP Plus’ banking outlet in 4,373 unbanked gram panchayats
Stating that financial inclusion is a high priority agenda of the state government, the minister said banking penetration in the state is quite low as out of the 6,798 GPs, around 65% (4,373 GPs) do not have brick and mortar branches The Odisha Cabinet chaired by...
Global Covid cases up 80% as new subvariant rises
In its weekly update, the UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6, an 80 percent increase compared to the previous 28 days.However the number of deaths fell by 57 percent to 2,500 Paris: The WHO declared in May that...
There should be realistic green ratings to assess actual environmental impact of projects: RBI Governor
''Green flows today are dependent on ESG (Environment, Social, Governance) ratings. Recent research shows that these ESG ratings do not adequately reflect financial and non-financial materialities of these investments. Therefore, there is a need to ensure that 'green...
Ukraine announces ‘humanitarian corridor’ for ships stuck in Black Sea ports
Shipping and insurance sources familiar with Ukraine said they were not informed about the new corridor and there were questions over its viability. It was unlikely most ships would agree to sail at the moment, they said Ukraine announced a “humanitarian corridor” in...
FOCUS-ChatGPT fever spreads to US workplace, sounding alarm for some
Companies worldwide are considering how to best make use of ChatGPT, a chatbot programme that uses generative AI to hold conversations with users and answer myriad prompts. Security firms and companies have raised concerns, however, that it could result in...
M&A: Global insurance deals drop sharply in 1H 2023, Clyde & Co
Joyce Chan, Partner at Clyde & Co in Hong Kong, said: “Private equity firms are looking at investing in some of the Asia tech players around the region, at all stages of development, with prospective capital providers fairly evenly split between international PE...
IRDAI appoints Canara HSBC Life Insurance as lead insurer for Karnataka
“The State Level Insurance Committee should ideally formulate a short term and medium term plan so that a more dedicated and synergized approach is followed within state for insurance awareness. PMJJBY is a measurable product and IRDAI can support the initiative by...
Zurich Insurance CEO criticizes climate clubs after exodus
Mario Greco, who led his firm out of the Net-Zero Insurance Alliance earlier this year amid a wider exodus from the group, said the decision followed a realization that, as things stand now, the goal of limiting temperature rises to 1.5C as enshrined in the Paris...