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Panda urges key stakeholders to collaborate to tap massive Indian Surety Bonds market
``India is expected to spend around Rs 100 trillion on infrastructure through the National Infrastructure Pipeline in the next five years. This requires bank guarantees of around Rs 90 lakh crore in the next five years which banks currently do not have capacity for....
Nipah situation is totally under control in Kerala: Minister Veena George
''We are on constant alert, constant vigil, that will continue, and integration of some departments, like we have developed a ''one health programme'' in Kerala based on our experiences on Nipah. Because this is an era of zoonotic diseases, we cannot stay away from...
Govt should consider bringing in age limit for use of social media: HC
MeiTY had under Section 69A of the Information Technology Act between February 2, 2021 and February 28, 2022 issued 10 Government Orders directing it to block 1,474 accounts, 175 Tweets, 256 URLs and one hashtag. Twitter challenged the orders related to 39 of these...
TMK hire underlines life sciences ambition
Burke’s appointment follows several recent significant hires and promotions at TMK including Benjamin Goldsmith as a political violence underwriter, Sam Bye as cyber underwriter, Asia Pacific, Aoife Woulfe, head of delegated cyber, Paul Gooch, divisional head of large...
Bengal transport dept to frame guidelines for use of two-wheelers for commercial purposes
In the meeting held recently, it was decided that all stakeholder aggregators, corporate houses, and agencies using non-transport two-wheelers unauthorisedly for commercial purposes must be brought under an oversight mechanism in accordance with relevant Motor Vehicle...
Six of nine planetary boundaries now exceeded: Study
"Crossing six boundaries in itself does not necessarily imply a disaster will ensue but it is a clear warning signal. We can regard it as we do our own blood pressure," Katherine Richardson, professor at the University of Copenhagen in Denmark said. Human activities...
Chinese police detain staff of Evergrande wealth unit
The detentions come as China started a campaign against illegal fundraising to protect consumers. Li Yunze, head of China’s National Administration of Financial Regulation, vowed in a Friday speech to deal with a number of major cases to protect the rights and...
Regulators are trying to stop greenwashing before it gets worse
The Australian Competition & Consumer Commission (ACCC) lists sustainability communication among its key priorities, and in Italy an oil company was fined €5 million for calling its diesel “green.” The US Federal Trade Commission (FTC) is currently updating its...
Unhealthy snacks raise risk of strokes and cardiovascular disease: Study
Dr Sarah Berry from King’s College London and chief scientist at ZOE said, “Considering 95 per cent of us snack, and that nearly a quarter of our calories come from snacks, swapping unhealthy snacks such as cookies, crisps and cakes to healthy snacks like fruit and...
‘Radical reorientation’ needed as half of humanity lacks basic health coverage
“The fact that so many people cannot benefit from affordable, quality, essential health services not only puts their own health at risk, it also puts the stability of communities, societies and economies at risk,” said Tedros Adhanom Ghebreyesus, WHO Director-General...
Rising ownership costs to hurt India’s commercial vehicle volume growth: Fitch
The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions Rising ownership costs to hurt India's commercial vehicle volume growth: FitchGrowth in...
Climate change hitting fight against AIDS, TB and malaria
The increasing challenges of climate change and conflict mean the world is likely to miss the target of putting an end to AIDS, TB and malaria by 2030 without "extraordinary steps", said Peter Sands, executive director of the Global Fund. Climate change and conflict...
Global banks expand maternity benefits to retain women in India
Banks are hungry for talent in India. With US-China tensions growing, many global lenders are targeting the country, drawn by its fast-growing economy and burgeoning middle class Across India, global financial firms are expanding maternity benefits to include perks...
States reverting to old pension scheme fiscally unsustainable: RBI paper
The immediate gain for states shifting back to the OPS is that they will not have to spend on the NPS contribution of the current employees, but in the future, the unfunded OPS is likely to exert "severe pressures" on their finances, it said. Mumbai: States reverting...
Hong Kong 1-in-500 yr flood likely to have an earnings impact, may further pressure reinsurance renewals
The impact on reinsurance pricing, which is already elevated, could make it too costly for some smaller companies. Offsetting factors include lower inflation in East Asia as compared with many other parts of the world, and supply chain normalization, which continues...
Blockchain analysts suspect North Korea-linked hackers behind $70 million crypto theft
CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange’s crypto assets had been hacked. It said on Friday it estimates its losses at $70 million, which it said is a...
Ministry of Finance approves welfare measures for LIC agents and employees
Siddhartha Mohanty, chairperson, LIC, thanked finance minister Nirmala Sitharaman for extending the benefits of agents and employees of the corporation New Delhi: The Ministry of Finance today approved a series of Welfare measures for the benefit of agents and...
Zurich and KPMG collaborate to provide comprehensive climate change advisory services
In this evolving environment, it is increasingly important that businesses address both physical climate risks and transition risks. Transition risks include policy changes, reputational impacts, and shifts in market preferences, norms and technology The offering is...