More than a dozen renewables and electric vehicle firms have...
Category:
Eco/Invest/Demography
Latest
Consumer affairs ministry to issue guidelines to curb pesky calls, messages
"The Department of Consumer Affairs had started working on...
Kerala HC criticises Centre, state on lack of clarity in Wayanad relief aid
The queries from the court came during a hearing of a plea...
RBI eyeing ‘phased introduction’ of digital currency: Deputy Governor
RBI Deputy Governor T Rabi Sankar said the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it.
India cabinet eases foreign investment rules to aid BPCL sale – sources
“Foreign investment up to 100% under automatic route is allowed in cases where government has accorded in-principle approval for strategic disinvestment of the PSU (public sector undertaking) engaged in petroleum and natural gas sector,” said one of the sources.
Shell to appeal landmark climate case in the Netherlands
The ruling came after Milieudefensie, the Dutch arm of Friends of the Earth, sued the company for violating human rights. The court agreed, saying Shell must reduce its total emissions by 45% by 2030 from 2019 levels. That compares with Shell’s own target of reducing the intensity of its greenhouse gas emissions by 20% from 2016 levels.
Work from home future fades in Asia as companies seek more office space
The study also found that almost half of the Asian companies prefer dedicated seats for their staff, rather than sharing in what’s known as “hot-desking,” since most of them don’t intend to adopt hybrid work. While more than 60 per cent of the respondents said the staff-to-desk sharing ratio will increase over the coming couple of years, most of them were Western companies. That means an office desk will serve more employees in the future.
India ‘challenging place’ to do business, must ease hurdles: US State Dept
New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said.
U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger
The DOJ had alleged that combining the two large insurance brokers would harm competition in reinsurance broking, retirement and pension planning and private retiree multicarrier healthcare exchanges. But the divestitures mean those no longer will be issues in the trial, according to the order
Insured losses from western German floods may total 4-5 billion euros – trade body
Gemany’s insurance industry association GDV said the floods in the states of North Rhine-Westphalia and Rhineland-Palatinate are likely to exceed the 4.65 billion euros of damage recorded following a deluge in August 2002.
As US wildfire threat grows, insurance capacity shrinks
Most wildfire losses that have hit the insurance market originated from California utility companies due to inverse condemnation, which states that private property owners are entitled to compensation if their property is damaged by the government or utilities.
While all U.S. states have such doctrines in place, California has been the only one to apply it for utility-related fires.
No likely impact of Cairn and Devas lawsuits on its Air India’s disinvestment process: Govt
Cairn Energy and Devas Multimedia, respectively, are seeking USD 1.725 billion and USD 1.2 billion — which they won in international arbitrations — from India.
”Cairn Energy and Devas Multimedia have filed lawsuits in the United States District Court for Southern District of New York seeking declaratory and money judgement against Air India Limited as an alter ego of the Republic of India,” Singh said in a written reply to a question in Lok Sabha.
645 children lost their parents to Covid from Apr-May 28 during second wave: WCD
”The scheme, the prime minister has announced, provides support for education and health and will create a corpus of Rs 10 lakh for each child when he or she reaches 18 years of age. This corpus will be used to give a monthly financial support/ stipend form 18 years of age, for the next five years to take care of his or her personal requirements during the period of higher education and on reaching the age of 23 years, he or she will get the corpus amount as one lump-sum for personal and professional use,” Irani said.