A few years back, the US watchdog Federal Aviation Administration...
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Extreme heat kills half a million people globally each year, says Swiss Re
Jérôme Haegeli, Swiss Re's Group Chief Economist "Extreme heat used...
No MDR will be charged on UPI transactions: FinMin
"Speculation and claims that the MDR will be charged on UPI...
Proposals in Finance Bill on debt mutual funds, STT likely to adversely impact market: Experts
Among other proposals, the bill has proposed that from April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long term tax benefits that had made such investments popular. New Delhi: The changes...
Lok Sabha passes Finance Bill; no relief for life insurers on taxing policies with premium over Rs 5 lakhs
Finance Minister Nirmala Sitharaman while presenting the 2023/24 budget on Feb. 1, had proposed that the government would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded Rs 500,000 ($6,103) The...
Finance minister proposes panel to look into issues related to Govt employees’ Pension
"I propose to set up a committee under the finance secretary to look into this issue of pension and evolve an approach which addresses the need of employees while maintaining fiscal prudence to protect the common citizens. The approach will be designed for adoption by...
ECB to publish first detailed carbon footprint
Carbon footprints measure the amount of carbon dioxide released into the atmosphere as a result of everyday activities ECB runs climate stress tests on the euro zone's commercial banks and has been increasing the penalties - or haircuts, in banking jargon - charged on...
Record international migration spurs historic rise in Canadian population
Total population grew by a record 1.05 million people to 39.57 million in the twelve months to Jan. 1, 2023, and about 96% of the rise was due to international migration, the statistics agency said. Canada's population increased by more than a million people for the...
Fed increases rates by 25 bps but signals hikes are near an end
Jerome Powell, Chair of the Federal Reserve The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by...
PM Modi holds high-level review meeting on Covid, influenza situation, stresses on Covid-appropriate behaviour
Prime Minister Narendra Modi Modi directed officials to enhance whole genome sequencing of positive samples with the designated INSACOG genome sequencing laboratories. This will support tracking of newer variants, if any, and timely response, the PMO said. New Delhi:...
Gigs, scams, ghost work: India tech sector’s dark side
In his job, Saurav - who asked to go by one name to protect his identity - called people in the United States, enticed them to sign up for loans and insurance policies, then told them they needed to improve their credit score by paying $50-$100. Only, he did not work...
Mukesh Ambani 9th wealthiest in the world, Adani at 23rd rank
Mukesh Ambani, Chairman and Managing Director,Reliance Industries' In stark contrast to the 2022 M3M Hurun Global Rich List, India is at the top of the league table when it comes to wealth depletion Chennai: Despite an erosion of 20 per cent or $21 billion in wealth,...
IPCC report a call to action for all, especially countries like India: Co-authors
As per the report's indicators, India, with a large coastline and millions of people surviving on the revenue they earn from fisheries, has many things to worry about. With the rise in seawater level, which the report documented as 3.7 mm per year between 2006 and...