Insured losses are estimated at $75 billion.The disaster will...
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GST Council to soon take decision on rates, number of slabs: FM Sitharaman
"For me, it was also important that we don't lose an opportunity,...
Long Covid costing nations billions, lost productivity and health
Approximately 400 million people have been affected by long Covid...
India’s urban population to stand at 675 mn in 2035, behind China’s 1 bn: UN
By 2035, the percentage of the population in India at mid-year residing in an urban area will be 43.2 percent, said the United Nations-Habitat's World Cities Report 2022 China's urban population in 2035 is projected at 1.05 billion while the urban population in Asia...
Populous Chinese province kicks off disaster insurance trials
The cities are encouraged to boost insurance coverage as much as their financial resources allow, the Henan government said China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by...
Vulnerability driving emerging-world climate policy commitments: WTW analysis
Of 62 nations and territories assessed in the WTW Political Risk Index, the governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy. Understanding a country’s vulnerability...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
Russia defaults on foreign-currency sovereign debt for 1st time since 1918
Russia has pushed back against the default designation, saying it has the funds to cover any bills and has been forced into non-payment. As it tried to twist its way out, it announced last week that it would switch to servicing its $40 billion of outstanding sovereign...
Crypto exchanges hunker down as everything goes wrong in India
That a crypto marketplace should be in cost-cutting mode is hardly a surprise — Coinbase Global Inc. and Crypto.com have announced layoffs in the last two weeks alone — but Indian exchanges face the added burden of a new tax system that executives fear will wipe out...
Govt implementing disaster mitigation project to reduce sufferings in cyclone-hit states: Shah
Amit Shah,Union Home Minister ''In order to reduce the sufferings caused to the coastal community by cyclones and other calamities, the Modi government is implementing the National Cyclone Risk Mitigation Project in eight coastal states with a total outlay of Rs 4,903...
Over 42 lakh deaths in India prevented by Covid vaccines in 2021: Lancet study
''For India, we estimate that 42,10,000 (over 42 lakh) deaths were prevented by vaccination in this period. This is our central estimate, with the uncertainty in this estimate ranging between 36,65,000-43,70,000 (over 36.6 lakh to 43.7 lakh),'' lead author of the...
Vietnam may replace China as factory of the world in near future
As Southeast Asia eases its epidemic restrictions and China continues to battle Omicron flare-ups in its major cities, a new wave of headlines emerged over whether factory orders will continue to flow out of China, and if China should have a sense of crisis as global...
UN chief warns of ‘catastrophe’ from global food shortage
Antonio Guterres, Secretary-General “There is a real risk that multiple famines will be declared in 2022,” U.N. Secretary-General Antonio Guterres said in a video message to officials from dozens of rich and developing countries gathered in Berlin. “And 2023 could be...