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FinMin should identify high risk taxpayers in GST composition scheme: CAG
"The Ministry should identify high risk taxpayers in the CLS on a...
Singapore mending regulations to stay globally competitive: PM Wong
Lawrence Wong ,Prime Minister, Singapore Prime Minister Lawrence...
Saudi Arabia says two Saudi oil tankers attacked near UAE waters
Iran’s foreign ministry called the incidents “worrisome and dreadful” and asked for an investigation into the matter.The strait, a vital global oil and gas shipping route, separates the Gulf states and Iran, which has been embroiled in an escalating war of words with the United States over sanctions and the U.S. military’s presence in the region
Lloyd’s of London seeks behavior crackdown with culture Survey
The move is the latest part of the 331-year-old insurance exchange’s response to the scandal, after Bloomberg’s report found an atmosphere of near-persistent harassment ranging from inappropriate comments to unwanted touching to sexual assault. Lloyd’s has already said it will set up an independent whistleblower hotline and give potential lifetime bans for inappropriate behavior.
Cyber Risks to exceed Natural Disasters for insurers: Scor CEO
While the cost of cyber risks has been small until now, the panel agreed it was only bound to increase. Kessler said the cyber risk could exceed $600 billion per year “in the worst case scenario.” That compares with the yearly cost of natural catastrophes, which he said is about $230 billion. The cyber risk “would dwarf it. So it gives you a size of the risk,” Scor Chairman and Chief Executive Officer Denis Kessler said.
How Homes are being built, raised to withstand Extreme Weather
“The frequency and severity of the storms are increasing,” said Belcher, who builds houses designed to withstand 140 mile-an-hour winds. “Whether people credit it to climate change or think it’s cyclical, it doesn’t matter if your house is destroyed. Either way, resiliency applies.”
Crash Victims’ final minutes will influence Financial Liability for Boeing, Insurers
While settling all those claims could cost $1 billion, according to a Bloomberg Intelligence estimate based on prior cases, legal experts agree the payouts could be even higher if evidence shows Boeing knew about flaws in the planes before the tragedies. That’s already prompted investor lawsuits claiming the company hid safety risks.
NBFC sector faces imminent crisis, says Corporate Affairs Secretary
“There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,” Srinivas said.However, he added that “responsible” companies are managing the risk well and are not facing such a dire situation.
U.S. warns merchant ships of possible Iranian attacks; cleric threatens U.S. fleet
Iran has dismissed both moves – which the United States said it took after U.S. intelligence signalled possible preparations by Tehran to attack U.S. forces or interests – as “psychological warfare” designed to intimidate it.
G7 countries to simulate cross-border cyber attack next month: France
“Cyber threats are proof that we need more multilateralism and more cooperation between our countries,” French Finance Minister Bruno Le Maire told the conference.
“Privacy Not A Luxury Good, Must Be Equally Available”: Sundar Pichai
“Privacy is personal, which makes it even more vital for companies to give people clear, individual choices around how their data is used,” wrote Mr Pichai.
Govt notifies thresholds for filing class action lawsuits
An application for class action can be filed by a member or members representing five per cent of the total members of a company. It can also be done by 100 members of a company, whichever is less, according to the ministry.The same criteria will also be applicable for depositors of deposit-taking companies.In case of an unlisted company, a member or members holding at least five per cent of the issued share capital can file for class action. For listed companies, this threshold would be two per cent.