Indian

Cos can incorporate rewards, incentives to achieve ESG goals

According to Willis Towers Watson’s Global Executive Compensation Trends, ESG has become a critical business consideration, impacting companies’ cost of, and access to, capital. ESG goals and outcomes directly impact the company’s reputation with the public and employees, and often play a role in attracting and retaining a new generation of talent.

Companies with strong ESG practices have been found to deliver more sustainable returns, including higher levels of value creation and risk mitigation.

Govt issues SOPs for police officers to seek prior approval before probing corrupt public servants

An amendment carried out in the over 30-year-old Prevention of Corruption (PC) Act, 1988 in July 2018 bars a police officer from conducting any enquiry or inquiry or investigation into any offence alleged to have been committed by a public servant without the previous approval of the authorities.
The SOPs have been shared with the director of the Central Bureau of Investigation (CBI) with the request that all field units may kindly be apprised of these SOPs for strict compliance , and also with the Central Vigilance Commission (CVC).

International

Global funds load up on Indian stocks as virus shelter in Asia

Some observers still see lingering domestic issues as a threat to the economic rebound. While Indian stocks have been more resilient than others, “worries over the slowing domestic growth, as well as concerns over the liquidity and solvency of the non-bank financing sector remain,” said Kristy Fong, an Asian equities investment director at Aberdeen Standard Investments in Singapore.

Britain’s Financial Conduct Regulator admits data breach

The Information Commissioner’s Office, the body responsible for investigating and imposing sanctions on organizations found guilty of breaches of sensitive data, said the FCA had reported the incident and it would assess the information provided.

Global recession likely if coronavirus becomes pandemic: Moody’s Analytics

“COVID-19 is battering the global economy in numerous ways. Chinese business travel and tourism has all but stopped; global airlines are not going to China and cruise lines are cancelling most Asia-Pacific itineraries. This is a huge problem for major travel destinations, including in the US, where some 3 million Chinese tourists visit each year,” Moody’s Analytics said.

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