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Indian
Grievance redressal mechanism of e-commerce players not up to mark: Consumer Affairs Secy
Rohit Kumar Singh,Secretary, Ministry of Consumer Affairs Talking...
Goyal introduces Jan Vishwas bill in Lok Sabha to decriminalise minor offences in 42 Acts
Besides the decriminalisation of minor offences, the bill envisages...
Insurance density in India rises from $78 in 2020-21 to $91in 2021-22, Insurance penetration at 4.2 % in 2021-22
While the penetration of life insurance sector has gone up from...
Insurers settled over 2.25 lakh death claims on account of Covid: Irdai report
The net incurred claims of the general insurers stood at Rs 1.41...
International
Google women in US suing over gender bias win class-action status
A San Francisco state judge certified the class action Thursday, allowing the four lead plaintiffs to represent 10,800 women over claims that Google pays men more for doing the same job. A previously disclosed analysis showed that the case seeks more than $600 million in damages. The women allege violations of California’s Equal Pay Act, one of the strongest measures of its kind nationwide.
Safety ratings yanked after Tesla pulls radar from 2 Models:Consumer Reports
Disaster feared as chemical cargo ship sinks off Sri Lanka
The Singapore-registered MV X-Press Pearl, carrying 1,486 containers, including 25 tonnes of nitric acid, along with other chemicals and cosmetics, was anchored off the island’s west coast when a fire erupted on May 20. Authorities have been battling the blaze since then, as flaming containers laden with chemicals have fallen from the ship’s deck, the navy said last month.
China’s new three-child policy draws scepticism, cost questions
James Liang, a professor at Peking University’s School of Economics and founder of online travel giant Trip.com Group, last month urged China to give parents of each newborn 1 million yuan to lift a fertility rate of just 1.3 children per woman in 2020. That rate is in line with countries such as Japan and Italy and far short of the 2.1 replacement rate.
He said this week that China would need to spend about 5% of GDP, compared with “practically 0% now”, in cash, tax breaks, housing subsidies, daycare, and other incentives to get the fertility rate up to about 1.6, and expects the government soon to step up building day-care centers and kindergartens. Developed counties typically spend 1% to 4% of GDP on such support, he said.
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