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Africa’s working-age population likely to top Asian labour force by 2100

The two most populous nations also are aging fast. By 2050, China and India will account for 31% of total population and 39% of the world’s seniors. Meanwhile both will see their share of the global labor force shrink. India’s working-age population is projected to peak around 2050, but 40 years later there will be fewer 15-to-64-year-olds than there are today.

IRDAI cautions Reliance Nippon Life on expense management

-According to the IRDAI rulings on Friday , the insurer has neither furnished the Certificate from the appointed actuary nor demonstrated that the interest of the policyholders was not affected due to the excess of expenses over the prescribed limits. 
-The insurer is found to have contravened provisions of section 40B of the Insurance Act, 1938 with respect to non-compliance of the limits prescribed for expenses of management, said IRDAI. 

Subsidy for EVs only for commercial vehicles, not personal usage:Govt

“Proposals are invited from cities that intend to develop charging infrastructure in million-plus cities as per 2011 census. Initially, 1,000 EV charging stations are earmarked for development through the EOI (expressions of interest). These charging stations will be sanctioned in different cities after evaluation of the proposals received under the EOI, ”the minister said

India down 3 Places in mobile, broadband speed: Report

“India is one of the geographically largest and most populated country in the world, meaning a well laid out network that is able to handle high volumes of usage is a key in supporting the internet needs of the Indian market. Despite these challenges in India, further advancements in both 4G and 5G network technology will continue to improve network efficiency,” he said.

Better career prospects, sense of fulfilment attract expats to India: Survey

“Our study shows that more professionals are choosing to work abroad, helping them achieve their ambitions and long-term financial goals, from improving their job prospects and access to better education for their children to buying property or saving more for retirement,” HSBC India Head of Retail Banking and Wealth Management Ramakrishnan S said. 

Digital transaction volumes up 51% in 2018-19 to 3,133.5 crore, says Ravi Shankar Prasad

“While the volume of transactions on BHIM app has increased during the same period, its share as a percent of all transactions on BHIM UPI platform has come down due to overall growth in the digital payment transactions, emergence and growth of new payment service providers like Paytm, PhonePe, Google Tez, etc,” the minister said.

WHO updates global guidance on medicines and diagnostic tests

“Around the world, more than 150 countries use WHO’s Essential Medicines List to guide decisions about which medicines represent the best value for money, based on evidence and health impact,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus. “The inclusion in this list of some of the newest and most advanced cancer drugs is a strong statement that everyone deserves access to these life-saving medicines, not just those who can afford them.”

Harvard University invests in Litigation Finance Fund

Litigation finance has made inroads with law firms and litigants around the world, with investors committing an estimated $9 billion over the long-term to the growing industry, according to Bloomberg Intelligence. The funds, which have been knocked for fueling more lawsuits, pursue strategies from financing cases against corporations to providing cash advances to individual plaintiffs in exchange for a share of settlements.

More than one in 10 firms losing over $10 million due to cyberattacks:Willis Towers Watson

“Other than the direct costs such as financial expenses and fines arising as a result of cyber breaches, indirect costs such as opportunity costs, reputational damage and loss of customers can be equally or even more costly to companies. While the immediate losses from an incident may not be catastrophic, it may take more than five years for a company to feel the full financial consequences, particularly if a company has lost their competitive advantage as a market leader. It is therefore important for companies to take an integrated approach in assessing and managing their reputational risks,” added Jessica Wright, Cyber Leader Asia, Corporate Risk & Broking at Willis Towers Watson

Freak weather poses new risk to India’s renewables goals

It’s not just unpredictable rainfall but also solar radiation in India that can no more be taken for granted. Over the last 6-8 months radiation has been lower by 4% to 6%, hurting power generation, according to Vinay Rustagi, managing director at renewable energy consultancy Bridge to India Energy Pvt.