ESG investments in developing nations have floundered over the...
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EU AI Act checker reveals Big Tech’s compliance pitfalls
Companies failing to comply with the AI Act will face fines of 35...
Singapore lawmakers amend bill to stop Allianz’s insurance deal
The move comes two days after the government — in a rare move —...
Global media websites, including NYT, FT, CNN face outage
Dozens of high-traffic websites including the New York Times, CNN, Twitch and the UK government’s home page were down. Agencies could not immediately confirm the issue affecting the sites.
San Francisco-based Fastly acknowledged a problem just before 1000 GMT. It said in repeated updates on its website that it was “continuing to investigate the issue.”
Guj:Portal, mobile App launched for unorganised sector workers
Workers having the U-WIN cards are entitled to get benefits from several government schemes, such as insurance, ‘Ma Amrutam’ scheme for hospitalization, and affordable meals under the ‘Shramik Annapurna Yojana, the release said.
State-owned banks getting ready for privatisation may come out with VRS
Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatization of two public sector banks (PSBs) and one general insurance company.An attractive VRS will make them lean and fit for takeover by the private sector entities that are keen to enter the banking space, the sources said.
80 % Indians feel digital tech effectively used to respond to COVID-19: EY survey
They want the government to prioritize making certain services available online including pension planning, resources to help people set up businesses, and providing more ways for citizens to have an online say in government decision making.
Looking ahead to the future,81 percent of the Indian respondents think that technology will change the way they bank and shop,80 percent think that it will change the way they work/study, and79 per cent think that it will change the way they entertain themselves
Banks offering higher interest rates on FDs to encourage COVID-19 vaccination
City-based UCO Bank said it is offering 30 basis points or 0.30 per cent higher rate on fixed deposits of 999 days for applicants who have received at least one dose of a Covid vaccine.Central Bank of India had also recently launched the Immune India Deposit Scheme with an additional interest rate of 25 basis points above the applicable card rate for those who have been vaccinated.
SBI union, others urge Indian cbank to scrap digital payments plan-letter
In a bid to reduce concentration risks in the payments sector, India’s central bank (RBI) last year invited companies to forge so-called New Umbrella Entities (NUEs) to create a payments network that would rival the country’s flagship processor, the National Payments Council of India (NPCI).
General Insurance industry likely to grow cautiously in FY2022; underwriting losses set to rise : ICRA
The private sector players had a higher growth trajectory in FY2019 and FY2020; and have gained market share from the PSU players. The private sector reported a 8% Y-o-Y increase in GDPI at Rs. 1.1 trillion in FY2021. Private sector players were able to adapt to the changing business dynamics in CY2020 at a faster pace compared to the PSU players. Private sector with a relative better risk framework was able to increase the market share in fire segment, and health segment. In addition, the private sector also has a higher share in crop insurance underwritten in FY2021.
Govt sets maximum price of vaccines for private hospitals: Covishield Rs 780 a dose, Covaxin Rs 1410
”The private hospitals may charge up to a maximum of Rupees 150 per dose as service charges. State governments may monitor the price being so charged,” the ministry said.
The ministry also requested states and union territories to regularly monitor the prices being charged by the private CVCs from the citizens.
Govt allocates Rs 40,700 cr for waste management in 2 lakh villages under Swacch Bharat Mission
”The Ministry of Jal Shakti under Swachh Bharat Mission Grameen (SBM-G) Phase 2 is poised to support over two lakh villages achieve solid and liquid waste management (SLWM) arrangements through an investment of over Rs 40,700 crore in the present FY 2021-22,” the ministry said.
Emerging risks set to shape a post-COVID-19 world:Swiss Re
COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion