Category:

Risk Management

NGT imposes Rs 25 lakh fine on two units in Noida, says threat of irreversible damage to environment

“In view of depleting groundwater, there is a threat of irreversible damage to the acquifiers and salinity of the water. Moreover, it is leading to scarcity of drinking water, thereby depriving a section of the society from access to potable water which is already scarce. The rainwater harvesting systems have to be regularly maintained as per norms,” the bench said.

read more

Robot butlers, digital menus are hotels’ latest weapon against Covid-19

According to the American Hotel & Lodging Association, “leisure and hospitality” was the hardest-hit industry in the Covid-19 era, far worse than retail and construction. In the U.S., hotels have lost more than $31 billion in room revenue since mid-February; as of June 3, 60% of open-for-business accommodations are sitting empty. Some 7.7 million hospitality and leisure jobs were lost in April alone

read more

Fitch cuts India’s sovereign rating outlook to ‘negative’

“The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” the ratings agency said in a statement.The move comes after Moody’s downgraded India earlier this month to a notch above junk, falling in line with other global agencies, while also cutting its outlook to ‘negative’. But S&P shortly after affirmed its rating and maintained a ‘stable’ outlook.

read more