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Indian
Future Group sells 25 pc stake in FGIICL to JV partner Generali for Rs 1,266 cr
As part of the deal, Generali has an option to buy out FEL’s...
LIC IPO fully subscribed on day 2; offer closes on May 9
Retail individual investors picked up nearly 93 per cent of the 6.9...
LIC IPO is credit positive for India’s life insurance sector
``We see the arrival of external shareholders with experience of...
Over 7 in 10 Indian firms suffered from ransomware attack last year
The average ransom paid by the Indian organisations that had data...
International
Job creation,IT Relief and Rs 900 cr grant for COVID-19 vaccine research In Stimulus 3.0
Employees contribution (12 per cent of wages) and employer’s contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said.
Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees’ Provident Fund Organisation (EPFO) registered establishment taking new employees would get this subsidy.
Japan suicides rise as economic impact of coronavirus hits home
According to preliminary police data, the total number of suicides for October was 2,153, an increase of more than 300 from the previous month and the highest monthly tally since May 2015.
Of October’s cases, 851 were women, a rise of 82.6% over the same month in 2019. The number of suicides by men rose 21.3%.
Cases of suicide had been falling steadily until July but then the economic impact of the novel coronavirus outbreak hit home and the numbers started rising, activists say.
Climate finance neglects small-scale farmers – new report
Small-scale farmers currently produce 50 percent of the world’s food calories. However, higher temperatures – together with increased incidences of drought and flooding – destroy crops and livestock and make it difficult for them to continue to feed their communities and earn a living.
“It is unacceptable that the people who produce much of the world’s food, and who are at the greatest mercy of increasingly unpredictable weather, receive the least support. Small-scale farmers living on marginal lands are on the frontline of climate change and should have access to the climate finance they need to adapt their production,”said Gilbert F. Houngbo, President of IFAD..
Global insurance markets set to rebound with China leading recovery, says Swiss Re
Global insurance premiums expected to grow by 3.4% in real terms in 2021, after contracting an estimated 1.4% in 2020
China will lead recovery with premiums up by an estimated 10% in non-life next year, and by 8.5% in life
Insurance recovery supported by heightened risk awareness driving demand and continued strong rate hardening
Amid uncertainty of how the COVID-19 crisis will evolve, and the risk of trade war and a credit crisis, public policy should focus on sustainable infrastructure development and inclusive growth
Global insurance markets set to rebound with China leading recovery, says Swiss Re Institute
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