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64.5 mn passengers carried on international routes in Jan-Nov 2024, up 11.4 pc: Centre
“The number of domestic passengers carried by scheduled domestic...
EPFO launches centralised pension system, benefitting 6.8 mn members
The Centralized Pension Payments System (CPPS) is a paradigm shift...
Tech companies pledge billions in cybersecurity investments
Google has committed to invest $10 billion in cybersecurity over the next five years, money aimed at helping secure the software supply chain and expand zero-trust programmes.
China’s BRI project causing environmental degradation in South Asia, says report
South Asia is amongst the main regions likely to be hit severely by the negative environmental impact of climate change. BRI announced by Beijing in 2013, will exacerbate these trends, reported European Foundation for South Asian Studies (EFSAS).
The Environmental Kuznets Curve (EKC) report said the environmental trends in South Asia generally correspond to the development trajectory, that causes pollution through growing industrialisation, which has become one of the key environmental characteristics of South Asia, says EFSAS.
Make ‘bumper-to-bumper’ insurance mandatory : Madras HC
“, this court directs that whenever a new vehicle is sold after September 1, it is mandatory for coverage of bumper to bumper insurance every year, in addition to covering the driver, passengers and owner of the vehicle, for a period of five years. Thereafter, the owner of the vehicle must be cautious in safeguarding the interest of driver, passengers, third parties and himself/ herself, so as to avoid unnecessary liability being foisted on the owner of the vehicle, as beyond five years, as on date there is no provision to extend the bumper to bumper policy, due to its non-availability, said Justice S Vaidyanathan of the Madras High Court.
Law while changing with social needs must recognise technological advancements: Kerala HCKochi
The high court also referred to the provisions of the Information Technology Act and said that proposal and acceptance made by parties to a marriage through videoconferencing cannot be said to be invalid.
“If it is valid and permissible, there is absolutely no reason why the parties to a marriage under the Act (SMA) shall not be permitted to solemnise the marriage by exchange of words through video conferencing,” it said.
Kerala HC to examine whether weddings under SMA can be solemnised online
The order came on the pleas by several petitioners who have contended that personal physical presence of the bride and groom is not necessary for solemnisation of nuptials under the law.
The state government, on the other hand, is not in favour of online solemnisation of marriages under the Act.
It has contended that solemnization of marriage was mandatory prior to registering it under the SMA and therefore, presence of the two sides and the witnesses is required before the Marriage Officer.
Celebrate festivals with caution, second Covid wave not yet over: Centre
The government said 41 districts in India were reporting a COVID-19 weekly positivity rate of more than 10 per cent.
According to the government, 58.4 per cent of the total COVID-19 cases last week were reported from Kerala.
”Kerala is the only state reporting over 1 lakh active COVID-19 cases, while four states have 10,000 to 1 lakh active cases and 31 states have less than 10,000 active cases,” it said.
ESG bonds likely to top USD 10 bn this year: JP Morgan
Globally, the environmental, social and governance (ESG) has become a key board-room topic since 2013-14 and soon investors have also been asking on the ESG principles of their investee companies.
The ESG idea has caught the attention of domestic corporates, investors and analysts as well and since 2015, 41 companies have raised over USD 17.2 billion in such funds of which USD 6.24 billion this year alone.
Green bonds will continue to be led by renewable energy players, according to Agarwal, who sees green bond issuances gaining traction even outside the renewable energy space, such as the ones by Ultratech Cement and Delhi Airport. Also, more green debt will be raised to cut carbon emissions by sectors like steel and cement.
Finance Ministry exploring insurance bonds as alternative to bank guarantees
“Government is exploring on instituting insurance bonds as alternatives to bank guarantees,” an official statement said.
Bank guarantees are usually asked for while extending a loan and typically require a collateral. An insurance bond is also a surety but it does not require any collateral.
As per reports last year, insurance regulator Irdai was also looking at the option of insurers offering surety bonds in the context of road projects.
Swiss Re and Climeworks sign world’s first 10-yr carbon removal purchase agreement
”To mitigate the risks of climate change, the world needs to scale-up carbon removal on top of, not instead of emission reductions. By partnering with Climeworks we can play to our strengths in this endeavour, as a risk taker, investor, and forward-looking buyer of climate solutions”, said Christian Mumenthaler, Swiss Re’s Group Chief Executive Officer and Co-Chair of the World Economic Forum’s Alliance of CEO Climate Leaders.
Majority of Indians experience no or mild side effects post 2 doses of Covid vax: Survey
Community social media platform LocalCircles said that according to its nationwide survey, ”70 percent of Indians after taking the first dose of Covishield and 64 percent with Covaxin experienced no or mild side effects.”