The Ministry of Finance has nominated Manoj Muttathil Ayyappan,...
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India urges global support for small farmers amid climate change, price challenges
"We cannot leave smallholders to fight these challenges alone. They...
No plans to levy GST on UPI transactions over Rs 2,000, says Govt
``The claims that the Government is considering levying are...
Green Bonds purchase by insurers to be treated as infrastructure investments: IRDAI
The regulator, in a circular dated Jan. 13, said the move was made with the objective of "de-concentration and diversification" of insurers' infrastructure portfolios as well as "from the perspective of participation in environmental, social and governance (ESG)...
China’s GDP sinks to three per cent in 2022, second lowest in 50 years
Significantly this year, China's GDP in terms of dollars declined from USD 18 trillion in 2021 to USD 17.94 trillion last year mainly due to a sharp rise of the dollar against RMB (the Chinese currency) in 2022 The slow pace was blamed mainly on the strictly...
EU plans law forcing companies to prove green claims are real – draft
The draft rules would cover all products and services sold in the EU, unless they are covered by comparable EU rules. "Green" investment products are already regulated the EU's taxonomy, a controversial labelling system facing legal challenges from the Austrian...
Centre earmarks Rs 2,000 crore to encourage states to scrap old vehicles
Incentive for scrapping of old vehicles has been added to the scheme and an amount of Rs 2,000 crore has been earmarked for scrapping state government vehicles which are older than 15 years, waiver of liabilities on old vehicles and providing tax concessions to...
India’s richest 1% own more than 40% of total wealth: Oxfam
Since the pandemic begun to Nov 2022, billionaires in India have seen their wealth surge by 121 per cent or Rs 3,608 crore per day in real terms, Oxfam said On the other hand, approximately 64 per cent of the total Rs 14.83 lakh crore in Goods and Services Tax (GST)...
India continuously striving to provide high-quality, cost-effective healthcare to everyone: Mandaviya
Union Health Minister Mansukh Mandaviya India's experience has reinforced the fact that capacity building of healthcare workers at various levels of governance, coupled with harnessing digital technology, is the way forward. With more than 1.3 million (13 lakh)...
Citing MHA circular, HC quashes finance ministry notification, orders OPS for all personnel of CAPFs
Delhi High Court has ordered implementation of the Old Pension Scheme for all personnel of the CAPF and directed the Centre to issue necessary instructions within eight weeks It quashed a 2003 notification of the Union Ministry of Finance and a 2020 Office Memorandum...
Environmental, social credit risks to rise in 2023, Moody’s says
“The rapid crystallization of climate change-related risks have highlighted the need for rapid decarbonisation and scaling up of adaptation finance, bringing longer-term environmental risks into sharper relief,” Rebecca Karnovitz, vice president – senior credit...
Environment risks dominate in “polycrisis” world – WEF survey
The interplay between climate change impacts, biodiversity loss, food security and natural resource consumption is a dangerous cocktail,” said John Scott, head of Sustainability Risk at Zurich Insurance Group, which partnered on the report with risk strategy group...
Study finds how retirement plans affect cognitive performance in older people
With a higher life expectancy and a decline in fertility in developing countries, the elderly population has become the most significant demographic source in Asia and Latin America, generating an urgent need for new, sustainable pension systems Study finds how...