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Indian
Budget fails to cheer healthcare sector as many demands unmet
NATHEALTH President Harsh Mahajan said, ''The embedded credit issue...
Budget 2022-23:FY’23 disinvestment receipts pegged at Rs 65K cr; LIC IPO expected shortly
''The public issue of the LIC is expected shortly. Others too are...
Datacentre, energy storage system get infrastructure status: FM
''The budget also accords infrastructure status to energy storage...
National tele mental health programme welcome step especially in view of long COVID: Experts
Dr Girdhar Gyani, Director General, Association of Healthcare...
International
Global dividend plunge to be worst since financial crisis
Global dividend payments plunged $108 billion to $382 billion in the second quarter of the year, fund manager Janus Henderson has calculated, equating to a 22% year-on-year drop which will be the worst since at least 2009.
All regions saw lower payouts except North America, where Canadian payments proved to be resilient. Worldwide, 27% of firms cut their dividends, while worst affected Europe saw more than half do so and two thirds of those cancel them outright.
“2020 will see the worst outcome for global dividends since the global financial crisis,” Janus Henderson said in a report published on Monday.
Hedge Fund collects $3 billion as wildfire insurance claims
The payout yielded Baupost’s biggest profit generator last month and represented a sizable markup from what the firm had anticipated, it told investors Thursday. The fund bought $6.8 billion of subrogation claims against PG&E.
In a subrogation claim, an insurer sells the right to sue to recoup damages suffered by policyholders. Insurers offer the claims at a discount to investors in return for the certainty of being paid upfront.
Tougher EU climate target technically, economically feasible, researchers say
EU countries, which must approve the new climate target, are divided. Western and Nordic countries back the more ambitious level and eastern nations refuse to consider bigger cuts before seeing an assessment of the costs.
The researchers said there is “no credible pathway” towards a 55% target for 2030 without a bigger contribution from states such as Poland and Czech Republic that say the economic fallout from the COVID-19 pandemic will make climate goals more challenging.
17th SIRC postponed to Nov, 2021
To fill the void this November, the Organising Committee is planning a virtual event – tentatively coined ‘SIRC 2020 Re-Mind’ – to mark the dates More details of this virtual event will be announced in mid-October.
All important international events like Monte Carlo Rendezvous,during second week of Sept,Baden-Baden Reinsurance Meet,during 4th week of Oct and East Asian Insurance Congress(EAIC), scheduled during last week of Aug, have been cancelled this year due to Covid-19 pandemic.
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