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Climate change altering laws of mortgage risk: Fitch
Fitch is now in the process of integrating physical climate risks...
UK judge warns of risk to justice after lawyers cited fake AI-generated cases in court
High Court justice Victoria Sharp said the misuse of AI has...
Britain sets out plans to bring down cost of childcare
The government has been forced to act after British childcare costs rose steadily to become among the most expensive in the world, according to the OECD, taking up nearly 30% of the income of a couple with two young children. Britain will expand free childcare to...
Banking fears spread across global markets
While stocks recouped some of their losses on Tuesday, investors remain wary of the banking fallout and what it means for the Federal Reserve's interest rate-hiking campaign going forward and the overall stability of the financial sector Just as the panic over the US...
Govt unlikely to roll back tax plan on high-value life insurance, say govt officials
The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal. New Delhi: The Indian...
EU’s climate stress now to include insurers
The inclusion of insurers marks an expansion of the region’s preparations for the transition of the financial sector. Insured losses from climate change hit about $120 billion in 2022, according to data compiled by Munich Re, and the industry is generally seen as at...
Bitcoin jumps to highest since June as rally gathers pace
Major cryptocurrencies have been buoyed in recent days by U.S. authorities announcing plans to limit the fallout from the collapse of Silicon Valley Bank (SVB). U.S. authorities' action helped stabilise the major USDC stablecoin, whose issuer Circle had deposits of...
Cabinet Secretary tells states, UTs to be adequately prepared as hotter than normal summer is expected in 2023
Cabinet secretary informed that DoA&FW has constituted an Expert Committee headed by Agriculture Commissioner to monitor and mitigate terminal heat stress in Wheat. Further, the Crop Weather Watch Group (CWWG), an inter-Ministerial Committee reviews the crop...
No. of cancer cases in India projected to go up from 14.6 lakh in 2022 to 15.7L in 2025: Govt
Bharati Pravin Pawar,Minister of State for Health Elaborating on the steps taken by the government in this regard, Minister of State for Health Bharati Pravin Pawar said a population-based initiative for prevention, control and screening for common non-communicable...
1,997 killed, 18,54,901 hectares crops damaged in disasters in 2022-23: MoS Nityanand Rai in Lok Sabha
Citing information furnished by states, the Minister said these details included the losses caused due to hydro-meteorological disasters that occurred during 2022-23, as on March 7, 2023. New Delhi: Due to hydro-meteorological disasters during the year 2022-2023, a...
Govt taking steps to make India $5 trn economy ‘at an early date’: FinMin
The IMF's World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 trillion in 2022-23 and cross USD 5 trillion in 2026-27. Some of the important measures taken by the government in the past to boost...
Flood Risk: shifting from a responsive to an anticipatory approach
Only 17% of global losses were insured between 2007 and 2021, with the biggest protection gaps in developing countries, where insurance is often not available. Flood risk is pervasive and set to increase. According to Marsh McLennan estimates, 1 out of 3 people...