Insured losses are estimated at $75 billion.The disaster will...
Category:
Eco/Invest/Demography
Latest
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...
Proposed India bill banning crypto payments could mean jail for violations
The government's plans to crack down heavily on cryptocurrency trading sparked a frenzy in the market and several investors exited with significant losses. New Delhi: Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also...
Pandemic boosts super-rich share of global wealth
The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth, up from slightly above 2% at the start of the pandemic in early 2020. Analysts say some super-rich have...
AIA Commits to Achieving Net-Zero Greenhouse Gas Emissions by 2050
Lee Yuan Siong, AIA Group Chief Executive and President, said, "Our commitment to net-zero by 2050 will support the delivery of long-term sustainable value for our customers, our shareholders and our communities. AIA is wholly focused on Asia and, driven by our...
COVID-19: Students face $17 trillion loss in lifetime earnings
“And the potential increase of ‘learning poverty’ might have a devastating impact on future productivity, earnings, and well-being for this generation of children and youth, their families, and the world’s economies.” UN:School closures during the COVID-19 pandemic...
Over 55% PMJDY account holders are women, says Finance Ministry
There are as many as 43.90 crore beneficiaries of the PMJDY account holders in the country as of November 17, 2021, Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha. Of these, as many as 24.42 crore are female beneficiaries as...
With Omicron, third wave projected to hit India by Feb, but may be milder than second: IIT scientist
“With the new variant, our current forecast is that the country could see the third wave by February but it will be milder than the second wave. So far we have seen that the severity of Omicron is not like the one seen in the Delta variant,” Agarwal told PTI. New...
HEALTH, ECONOMIC AND CYBERATTACKS REMAIN TOP RISK CONCERNS FOR INDIA INC: MARSH/RIMS STUDY
Many employers in India are looking at transitioning to a more flexible working system. Some extent of remote work is expected to remain, leading to concerns of increased cyberattacks due to unsecured home networks. Yet, less than a quarter of Excellence India survey...
No proposal to reduce 18 % gst on health insurance plans:Karad
Minister of State for Finance Bhagwat K Karad . GST is determined on the suggestions of the GST Council, which is a constitutional physique comprising members from the central authorities and state governments. At current, no suggestion to scale back the GST price on...
PSBs restructure over Rs 58,500 cr loan advanced to 9.8 lakh MSME accounts amid pandemic: Govt
While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured New Delhi:Public sector banks (PSBs) effected restructuring of 9.8 lakh accounts of micro, small and medium enterprises, due to the impact of Covid-19...
PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar
According to official data, assets under management of discretionary and non-discretionary PMS (non-EPFO) stood at Rs 3.97 lakh crore at the end of October 2021 New Delhi:With sophisticated investors looking beyond traditional retail-oriented investments, Portfolio...