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Obesity is deadlier than smoking; it can lead to cancer

“Our children could be a smoke-free generation, but we’ve hit a devastating record high for childhood obesity, and now we need urgent Government intervention to end the epidemic. They still have a chance to save lives. Scientists have so far identified that obesity causes 13 types of cancer but the mechanisms aren’t fully understood. So further research is needed to find out more about the ways extra body fat can lead to cancer,” said Michelle Mitchell, the lead researcher of the study 

Budget 2019-20 pushes for electric vehicles

The Niti Aayog has recently moved a note to the Finance Ministry calling for the scrapping of all fossil fuel based vehicles by 2030. Most auto manufacturers are up in arms as they feel that a big shift in a short span of time would be too disruptive and tumultuous. Especially, in the current situation, auto companies do not have the capacity to take up such investments.

FM provides relief for NPS subscribers

However, Sandip Shrikhande, CEO, Kotak Mahindra Pension Fund , said “From a NPS point of view, the budget has proved to be a bit of a dampener. 14% limit is applicable only to the Central Government’s contributions to its employee’s account. Similarly, 80C exemption on Tier II contributions is available only to Central Government employees. The good thing is that the withdrawal is now completely tax-free.”

Global insurance prms exceed a record $5 trillion in 2018, to grow by 3% in 2019/20:Swiss Re Study

The non-life sector faces a fundamental structural shift over the next decades,with a possible decline in premiums from motor, the dominant line of business today. This potential decline will come as a result of the ongoing evolution of advanced driver-assistance systems and self-driving car technologies, which are expected to lead to lower claims, and so also lower premium rates and volumes in motor.

Retirement age set to rise due to higher life expectancy: Eco Survey

“Since an increase in the retirement age is perhaps inevitable, it may be worthwhile signalling this change well in advance perhaps a decade before the anticipated shift so that the workforce can be prepared for it,” the Economic Survey for 2018-19, tabled in Parliament by Finance Minister Nirmala Sitharaman Thursday, said.