Indian

Judicial reforms for strengthening contract enforcement next focus for govt: Sanyal

Sanyal said it takes time for disposal of legal matters which makes contract enforcement difficult, and called it the ”single biggest hurdle” for economic expansion.

Asked specifically if judicial reforms will be the key priority of the government, he said, ”To some extent yes…we will now move into the next phase where we will begin to do things related to administrative reforms and judicial reforms, yes.”

He added that the government will also be focusing on privatisation, adding that it is one thing to announce intentions and another do it. Despite the resistance, it will go forward with the asset monetisation plan, he noted.

Govt appoints SL Tripathy as CMD of United India Insurance

The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for appointment of S.L. Tripathy as CMD of UII till Feb 2024,” said an order by the ACC, headed by the Prime Minister Narendra Modi. 

International

Seoul worst hit as Asia markets plunge on virus worries

“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”

Berkshire Hathaway 100% ready for my departure: Warren Buffett

-Along with Microsoft co-founder Bill Gates and his wife Melinda Gates, Buffett in 2010 launched the “Giving Pledge,” in which billionaires promise to give at least half their wealth to philanthropic causes,
=Berkshire Hathaway has holdings in companies including American Express, JPMorgan Chase and Goldman Sachs. It is also active in sectors like insurance, through Geico; rail, with BNSF; and energy, via PacifiCorp,
-Forbes said in its rankings last year that Buffett was worth $82.5 billion.

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