Indian
RBI to unveil regulations on climate risk and sustainable finance for banking industry
Some regulatory initiatives in the area of climate risk and...
RBI keeps repo, reverse repo rates unchanged for 11th time in row, cuts GDP growth forecast
Shaktikanta Das,Governor,RBI Keeping the approach " cautious, but...
Nuanced, calibrated approach essential for launch of CBDC, says Reserve Bank DG
RBI is planning to come out with a central bank backed digital...
Govt’s focus on affordable healthcare ensured significant savings for poor, middle class: PM
Prime Minister Narendra Modi On World Health Day, Prime Minister...
International
UK study finds evidence of waning antibody immunity to COVID-19 over time
Global foreign direct investment halved in first six months of 2020 – U.N
“Global FDI flows for the first half of this year went down by close to half… It was more drastic than we expected for the whole year,” James Zhan, director of UNCTAD’s investment and enterprise division, told a news conference.
The flows are expected to decline by 30 to 40% this year and “moderately” in 2021, by 5 to 10%, Zhan said.
EU warns not enough COVID vaccines for all in Europe until 2022
Given a likely limited supply, the Commission has for months urged EU governments to devise vaccination plans that would prioritise vulnerable and essential groups, such as healthcare workers, the elderly or people with chronic diseases.
But apart from a consensus on inoculating doctors and nurses, “there is no common line on other groups,” the Commission official said at the internal meeting this week.
Arctic headache for ship insurers as routes open up
As climate change opens new sea routes, experienced polar captains like Whatley are coveted for Arctic voyages that can save money on the run between Europe and Asia. But as activity in the Arctic’s waters picks up, insurance companies are grappling with a fundamental question: If something goes wrong, who pays?
So far, it’s unclear that the cost of a major accident would be completely covered by insurance. Damages from a ship spilling oil, hitting an iceberg or becoming marooned can run into the hundreds of millions of dollars.
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