"The Reserve Bank of India will cut interest rates by another 75...
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India’s financial system resilient, diverse: IMF report
The report observed that India's insurance sector is strong and...
Goa CM Sawant appointed convenor of GoM on GST revenue analysis
Pramod Sawant,Chief Minister,Goa As per the memorandum, the terms...
Heat wave scorches India’s wheat crop, snags export plans
The heat in March — the hottest in India since records first started being kept in 1901 — that stunted crops. Wheat is very sensitive to heat, especially during the final stage when its kernels mature and ripen Climate change has made India’s heat wave hotter, said...
Climate change: 4% of global GDP could be lost by 2050, Indian subcontinent to be badly hit
Bangladesh, India, Pakistan and Sri Lanka's exposure to wildfires, floods, major storms and also water shortages mean South Asia has 10%-18% of GDP at risk, roughly treble that of North America and 10 times more than the least-affected region, Europe Climate change...
Exxon declares force majeure on Russian Sakhalin-1 operations
The Sakhalin-1 project produces Sokol crude oil off the coast of Sakhalin Island in the Russian Far East, exporting about 273,000 barrels per day, mainly to South Korea, and to other destinations including Japan, Australia, Thailand and the United States Exxon said on...
ONGC struggles to ship Russian oil to Asia as sanctions bite
Moscow’s ability to ship that grade, which requires vessels that can break through ice, is becoming harder due to concerns from shippers over reputational risk and the increasing difficulty for Russian assets to find insurance coverage New Delhi: India’s Oil and...
Govt working on digitisation of healthcare services under ‘One Nation, One Health’: PM Modi
Prime Minister Narendra Modi PM Modi said the government focused on seven things in terms of health including preventive healthcare including through yoga and swachhta campaigns, early detection through new testing centres, primary healthcare centres in every...
Most Indians keen to travel abroad in next six months: Survey
In terms of destinations, the survey found that almost 50 per cent of Indians were considering travel to Asia Pacific destinations, with Australia, Thailand and Indonesia topping the chart as the most searched destinations As COVID-19 related international border...
Swiss Re forecasts a “stagflation-like” environment with slower growth and higher inflation
Jerome Haegeli,Swiss Re Group chief economist Stagflation is fully back on the radar and we now need to be particularly disciplined. 2022 will be a challenging year for insurers with both sides of the balance sheet under pressure" Swiss Re Group chief economist Jerome...
Ransomware a growing cyber risk for US corporates, financials & Govt: Fitch
In 2021, there were 421.5 mil. attempted ransomware attacks in the U.S. and 623.3 mil. globally, up 98% and 105% YoY, respectively, according to a March 2022 report from the Senate Committee on Homeland Security and Governmental Affairs. Ransom payments are also...
Heat wave disrupts industrial activity as power demand soars in India
Industrial disruption and widespread power cuts are also bad news for corporate India, as economic activity has just started to pick up after months of stagnation amid coronavirus lockdowns New Delhi: India's northwestern Rajasthan state scheduled four hours of power...
As India swelters under extreme heat, Modi warns of fire risk
Prime Minister Narendra Modi "We are seeing increasing incidents of fires in various places - in jungles, important buildings and in hospitals - in the past few days," Modi said He asked states to conduct fire-safety audits for hospitals. Dozens of people die every...