The systematic investment plans (SIPs) were popular among investors...
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Ministry of Labour and Employment notifies sweeping amendments to the Employees’ Provident Fund rules
The new provisions directly affect over 6 crore salaried employees...
Families of 737 MAX crash victims to object to deal allowing Boeing to avoid prosecution
The agreement would forestall a June 23 trial the planemaker faces...
India’s digital economy grew 2.4 times faster than Indian economy: RBI Report
In absolute terms, the size of the digital economy has grown from USD 107.7 billion in 2014 to USD 222.5 billion in 2019. Mumbai: India’s digital economy grew 2.4 times faster than the economy between 2014 and 2019 generating around 62.4 million jobs, said a paper...
2023 Risk landscape: Swiss Re’s new Perspectives
Jérôme Haegeli, Group Chief Economist "A slower and more cautious phase of the central bank policy rate hiking cycle has begun amid inflation peaking, financial stability concerns and inflationary recessions on the horizon. Still, the overall direction remains...
Insurers may refuse to cover planes flying to Ukraine or ships sailing through Black Sea
As they operate on an “aggregation” basis with marine and aviation war risk insurance, totting up the losses as one, claims in one area make reinsurers wary about the whole war risk sector, David Smith, head of hull and marine liabilities at broker McGill and Partners...
Google building AI model to support over 100 Indian languages: Sundar Pichai
Pichai, who is visiting India, said the pace of technological change in the country has been extraordinary and Google is supporting small businesses and startups, investing in cybersecurity, providing education and skills training, and applying AI (Artificial...
Govt expects Digital Personal Data Protection, Telecom bills to be passed in Monsoon session: Vaishnaw
Ashwini Vaishnaw,,Union Telecom and IT minister While speaking at Google For India event, the IT and telecom minister said another bill on Digital India Act will be also floated in a month for public consultation New Delhi: The government is expecting to get Digital...
‘I don’t trust it:’ Vaccine hesitancy lingers even as China COVID cases surge
Officially, China's vaccination rate is above 90%, but the rate for boostered adults drops to 57.9%, and to 42.3% for people aged 80 and above, according to government data, prompting warnings that the country could see over 1.5 million deaths after lifting curbs such...
Surety Bonds: Govt allows insurers’ parity with banks as `secured creditors’ within insolvency law in case of defaults
Nitin Gadkari, Union Minister of Road Transport and Highways(Morth), will be formally launching the country's first Surety Bond on Monday Bajaj Allianz General insurance, with major reinsurance back ups from Munich Re and Swiss Re has already got its Surety Bond...
China’s cities battle first wave of COVID surge as wider spread looms
A sharp surge in deaths would test authorities' efforts to move China away from endless testing, lockdowns and heavy travel restrictions, and realign with a world that has largely reopened to live with the disease. BEIJING: Hearses bearing the dead lined the driveway...
Pension liability between J’khand-Bihar to be resolved in Eastern Zonal Council meet
Bihar alleges that Jharkhand is a debtor of more than Rs 4,000 crore while the latter says that Bihar is responsible for the undue and illogical burden on it The Jharkhand government filed a case in the Supreme Court regarding the same which may take time to reach a...
Global cholera surge likely accelerated by climate change, warns WHO
"The situation is quite unprecedented, for not only we are seeing more outbreaks, but these outbreaks are larger and more deadly than the ones we have seen in past years," said Philippe Barboza, WHO Team Lead for Cholera and Epidemic Diarrhoeal Diseases "This...