SIRC 26
Indian
IMF cuts India’s GDP growth forecast to 9.5 pc for FY22
IMF joins a host of global and domestic agencies which have cut India’s growth estimates for the current fiscal. Last month, S&P Global Ratings projected a 9.5 per cent GDP growth in the current fiscal and 7.8 per cent in 2022-23.
IMF’s Chief Economist Gita Gopinath said IMF estimates the pandemic has reduced per capita incomes in advanced economies by 2.8 per cent, relative to pre-pandemic trends over 2020-2022, compared with an annual per capita loss of 6.3 per cent a year for emerging market and developing economies (excluding China).
Centre asks states for data on Covid deaths due to oxygen shortage: Report
Cairn arbitration: Govt confirms French court order against Indian assets
The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain’s Cairn Energy, which is seeking to recover USD 1.72 billion from New Delhi after winning an arbitration against retro tax.
Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy.
Climate change is most critical challenge before humanity: President
International
Multiple cyber attacks on Airbus suppliers; possible link to China: Report
U.N. science panel warns climate impacts on oceans include rising seas, dry rivers
Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience
As part of the program, as much as $5 billion in insurance capacity will be offered to 20 developing countries that are vulnerable to shifts in the climate and willing to work with the groups to increase their resilience, according to a statement Sunday from the Insurance Development Forum, the UN Development Program, the German Federal Ministry for Economic Cooperation and Development and the U.K. Department for International Development.
Singapore minister to deliver keynote address at SIRC
The SIRC Deep Dialogue will provide multifaceted perspectives on the future for the (re)insurance sector – from a seasoned industry insider and a sophisticated institutional investor in insurance and InsurTech – and will provide clues on how the (re)insurance sector will transform in a highly disrupted future.
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