According to a report by Motilal Oswal, domestic institutional...
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Fed leaves rates unchanged, cites rising risk of higher inflation and unemployment
Fed Chair Jerome Powell "Uncertainty about the economic outlook has...
Finmin invites suggestions on draft climate finance taxonomy
India's climate finance taxonomy will facilitate greater resource...
“Govt refused foreign-made Covid vaccines as firms were demanding indemnity” Union Health minister
Mansukh Mandaviya,Union Health Minister The minister also dismissed suggestions that approvals for vaccines were rushed without taking into account long-term side effects and that the recent spate of heart attacks was linked to it, saying the entire process from...
More positive outcomes when elders are treated locally: Study
"Intermediate care units are the newest trend in health policy, and Norway is way ahead of the curve in this regard," says Pal Erling Martinussen, a professor in the Department of Sociology and Political Science at Norwegian University of Science and Technology (NTNU)...
GST Scam: HDFC Life gets Rs 942-crore demand notice, CBIC probes more insurers
The matter relates to the claim of input tax credit against supply of services, which the GST authority believes are ineligible for such claims The D-G of GST Intelligence is currently probing large number of insurance companies and several of their intermediaries and...
Fight against inflation not over, job only half done: RBI Governor
Shaktikanta Das,Governor,Reserve Bank of India "Our job is only half done, having brought inflation within the target band (4-6 per cent). Our fight against inflation is not yet over," the RBI Governor said at the latest monetary policy meeting held from June 6-8, the...
Britain says insurer capital rule changes to start by end of 2023
The risk margin refers to the potential cost for a failing insurer to transfer its policies to a third party to avoid disruption to customers. "It is considering options to enable reforms to the matching adjustment to come into force by the end of June 2024, and the...
Debt crises in Global South debilitating fight against climate change: Report
Hurricane Maria that hit the Carribean island of Dominica in 2017 caused damage equivalent to 226 per cent of its gross domestic product (GDP).Floods in Pakistan in 2022 and cyclone Pam in Vanuatu in 2015 caused damages worth 9 per cent and 64 per cent of their...
World Bank wants catastrophe insurance in new loans for disaster hit countries: Report
Ajay Banga,President,World Bank World Bank President Ajay Banga will unveil measures, including the pause on repayments and embedding catastrophe insurance into new loans in a speech in Paris on Thursday, the newspaper reported French President Emmanuel Macron is...
Indian government likely to offer assured pensions to its employees
Government will likely assure its employees a minimum pension of 40%-45% of their last drawn salary by altering the current market-linked pension The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%. The...
US Slips in supply-chain ranks after child-labor violations
The downgrade follows months of revelations first reported by the New York Times that companies have been employing children as young as 12 to work in dangerous conditions The composition of supply chains is set to play an increasingly important role for businesses...
Zero tolerance on spurious medicines, 71 firms issued notices: Mandaviya on cough syrup row
Union Health Minister Mansukh Mandaviya said, ''We have conducted risk-based analysis at more than 125 companies and our squads have visited their facilities. Of these, 71 companies have been served show-cause notices and 18 have been given closure notices.'' New...