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Climate change-induced risks biggest threat: WEF

IANS New Delhi For the first time in the 15 years of the Global Risks Report, the climate change and environment risk has occupied all the top five slots. According to the 15th edition of the World Economic Forum’s (WEF) Global Risks Report, the top five risks in terms of likelihood are extreme weather, climate action failure, natural disasters, biodiversity …

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Duty-free liquor quota cut may hit Adani, Zurich

IANS New Delhi Commerce Ministry’s proposal to cut the quota for purchasing liquor at duty-free shops to one bottle has left private airport operators in a tizzy. A senior official of a private airport said that the proposal, if accepted by the Finance Ministry, would also hit newcomers such as Zurich Airport International and Adani Enterprises. While Zurich has bagged …

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India aims at zero urea import

IANS Bhubaneswar With the commissioning of five fertiliser plants, the Central government is expecting to achieve zero import dependency of urea in the country, said Union fertiliser secretary Chhabilendra Roul on Monday. The government is reviving five closed fertiliser plants to increase urea production in the country and reduce imports. “We expect our import dependency will be zero with the …

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UN projects India’s growth rate at 5.7% for 2019-20

IANS United Nations The UN projects India’s economy to grow by 5.7 per cent in the current fiscal year and expects it to rise to 6.6 per cent in the next. The projection in the UN’s World Economic Situation and Prospects report released on Thursday are higher than the 5 per cent made by the World Bank earlier this month. …

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Women technocrats launch Wequity for tech equity

IANS Bengaluru Three veteran women technocrats on Friday launched Wequity, a social impact company aimed at driving gender equity in the technology ecosystem. “We take into consideration the different needs of technical women and technology organisations and provide tailored avenues for them to professionally grow,” said Geetha Kannan, Founder and Chief Executive of Wequity. Kannan, teamed up with founding members …

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Goyal asks if Amazon’s huge losses stem from predatory pricing

IANS New Delhi Commerce and Industry Minister Piyush Goyal not only ticked off Amazon and its boss Jeff Bezos saying that they are not doing India a favour by investing a billion dollars, but also raised concerns if its losses were a result of predatory pricing and if Amazon and Flipkart were gaining entry into multi-brand retail by using loopholes. …

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Artisan community dwindles in Rajasthan as exports slip

IANS Jaipur The artisans of Rajasthan, who have made their mark the world over with their skilled hands, are slowly dwindling in number which is causing worry to manufacturers here in the handicraft industry. As exports continue to dip and business goes out to Bangladesh and other neighbouring countries, most of these artisans are opting for other professions leaving the …

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Credit, debit cards can be enabled, disabled

IANS New Delhi To improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types of use. These include online, physical, contact-less domestically or internationally. Over the years, the volume and value of transactions made through …

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Deposit unclaimed consumer money to telecom education fund: Trai to telcos

PTI New Delhi Telcos will need to deposit unclaimed consumer money – like excess charges and security deposit, which could not be refunded — towards ‘telecom consumers education and protection fund’ after a stipulated period, Trai clarified on Thursday. “The authority observed that there is a need to bring clarity among service providers in depositing money which they are unable …

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LIC office opens at Bandra Kurla Complex

NT NETWORK Mumbai Life Insurance Corporation of India (LIC), one of India’s most-preferred insurer inaugurated its state-of-the-art customer zone and satellite office at the telephone exchange building, Bandra Kurla Complex in Mumbai at the hands of its managing director Vipin Anand in the presence C Vikas Rao, zonal manager (Western Zone) and other officials. LIC has always made active efforts …

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