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Proposed India bill banning crypto payments could mean jail for violations
The government's plans to crack down heavily on cryptocurrency trading sparked a frenzy in the market and several investors exited with significant losses. New Delhi: Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also...
SpiceJet says Madras High Court has stayed its earlier order of winding up the airline
In a filing to BSE, the budget carrier said the Madras High Court had on Monday issued an order of "winding up SpiceJet and appointment of official liquidator" in a case filed by Credit Suisse claiming non-payment of $24.01 million dues to engine maintenance services...
Families of 1,509 healthcare workers paid insurance claim of Rs 50L each under PMGKP: Govt
Minister of State for Health Bharati Pravin Pawar Further, on account of the unprecedented situation, private hospital staff and retired or volunteer/local urban bodies/contract/daily wage/ad-hoc/outsourced staff requisitioned by states/central hospitals/autonomous...
Russia’s general insurance industry to reach $19.3 billion in 2025:GlobalDATA
Ashish Raj, Insurance Analyst at GlobalData, commentED: “We are seeing clear indications of a Russian revival in 2021, with the country’s economy expected to grow by 4.1% by the end of the year as it benefits from rising oil and energy prices. As the economy recovers,...
European regulators propose check for anti-lightning flaw on some Airbus A350 jets
The proposed safety warning marks the first time manufacturing has come under regulators' spotlight amid a growing commercial and industrial headache over flaws on the skin of the jets, which Airbus insists are safe to fly. Paris/Chicago: European regulators have...
Pandemic boosts super-rich share of global wealth
The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth, up from slightly above 2% at the start of the pandemic in early 2020. Analysts say some super-rich have...
MALAYSIA:Malene Insurance Brokers becomes Howden Takaful Brokers
Howden Takaful Brokers’ team of 30 specialists will offer bespoke shariah-compliant solutions across Howden’s product range. They will sit alongside Howden’s other broking teams and will offer clients seamless access to bespoke Takaful solutions in specialty,...
AIA Commits to Achieving Net-Zero Greenhouse Gas Emissions by 2050
Lee Yuan Siong, AIA Group Chief Executive and President, said, "Our commitment to net-zero by 2050 will support the delivery of long-term sustainable value for our customers, our shareholders and our communities. AIA is wholly focused on Asia and, driven by our...
COVID contributed to 69,000 malaria deaths WHO finds, though ‘doomsday scenario’ averted
UN:Disruptions due to the COVID-19 pandemic resulted in considerable increases in malaria cases and deaths between 2019 and 2020, the World Health Organization (WHO) said on Monday. However, “the doomsday scenario” projected by the WHO has not materialised,” Dr Pedro...
COVID-19: Students face $17 trillion loss in lifetime earnings
“And the potential increase of ‘learning poverty’ might have a devastating impact on future productivity, earnings, and well-being for this generation of children and youth, their families, and the world’s economies.” UN:School closures during the COVID-19 pandemic...
Over 55% PMJDY account holders are women, says Finance Ministry
There are as many as 43.90 crore beneficiaries of the PMJDY account holders in the country as of November 17, 2021, Minister of State for Finance Bhagwat Karad said in a written reply in the Lok Sabha. Of these, as many as 24.42 crore are female beneficiaries as...
New York City expands COVID vaccine mandates for children, private sector
New York: New York City expanded its array of COVID-19 mandates on Monday, setting vaccine requirements for children as young as 5 years old and for workers at all private-sector companies as the highly transmissible Omicron variant pushes into more U.S. states. The...
With Omicron, third wave projected to hit India by Feb, but may be milder than second: IIT scientist
“With the new variant, our current forecast is that the country could see the third wave by February but it will be milder than the second wave. So far we have seen that the severity of Omicron is not like the one seen in the Delta variant,” Agarwal told PTI. New...
HEALTH, ECONOMIC AND CYBERATTACKS REMAIN TOP RISK CONCERNS FOR INDIA INC: MARSH/RIMS STUDY
Many employers in India are looking at transitioning to a more flexible working system. Some extent of remote work is expected to remain, leading to concerns of increased cyberattacks due to unsecured home networks. Yet, less than a quarter of Excellence India survey...
No proposal to reduce 18 % gst on health insurance plans:Karad
Minister of State for Finance Bhagwat K Karad . GST is determined on the suggestions of the GST Council, which is a constitutional physique comprising members from the central authorities and state governments. At current, no suggestion to scale back the GST price on...
`Let there be a Health Regulator or IRDAI should regulate hospitals,’ Alamelu
T L Alamelu, Member,(Non-Life),IRDAI Alamelu also cautioned insurers about the premium hikes and said the regulator is watching the situation "We have an eye on how insurers increase their premiums," Alamelu said Hyderabad: T L Alamelu, Member (Non-Life), Insurance...
Investors’ wealth tumble over Rs 5.80 lakh cr in two days of market slump
''Concerns over the new variant of Covid and the upcoming RBI meeting on interest rate kept the market volatile,'' Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd said. Mumbai:Investors' wealth tumbled Rs 5,80,016.37 crore in two...
PSBs restructure over Rs 58,500 cr loan advanced to 9.8 lakh MSME accounts amid pandemic: Govt
While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured New Delhi:Public sector banks (PSBs) effected restructuring of 9.8 lakh accounts of micro, small and medium enterprises, due to the impact of Covid-19...