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CLIMATE LINKED FINANCIAL PRODUCT
India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...- Banks boost renewable energy credit by 7% in April amid energy security concernsBanks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. Thi...
- Govt draws up contingency plans for 315 districts amid 42% rain deficitIndia faces a significant 42% rainfall deficit this monsoon, exacerbated by El Nino. The government is implementing contingency plans acros...
- Govt eyes fast-tracking local production of high-end medical devicesIndia is planning to boost local manufacturing of around 10 high-value medical devices, including MRI systems and pacemakers, to curb relia...
- UN chief ups climate pitch, targets fossil fuels and AIAcknowledging that temperature increases will breach the 1.5C guardrail, Guterres focused on the need to take measures to ensure that the r...
- Beneath the Alps, Switzerland quietly built an underground network so large it feels like another countryHidden beneath the Swiss Alps is one of the world’s most remarkable engineering networks: more than 1,400 tunnels spanning over 2,000 kilom...
- RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...
- Need to cut chemical fertilisers usage via crop diversification, incentives: EAC-PM ChairmanIndia must curb chemical fertilizer use by promoting crop diversification, natural farming, and productivity-linked incentives, stated EAC-...
- The Arctic is sitting on a 63-billion-ton carbon secret, and scientists are concernedBeneath the Arctic’s frozen surface lies a hidden carbon reserve of nearly 63 billion tons. As rising temperatures thaw ancient permafrost,...
- Nestle, Uber among global business leaders to back faster electrification shiftOver 100 global companies, including Nestle and Uber, are urging governments to prioritize electrification in economic strategies. They arg...
- Tech, crypto firms to help tackle illegal wildlife tradeAnnouncement made as part of a business forum convened by Prince William and The Royal Foundation's United for Wildlife during London Cli...
- PLI, duty incentives soon for Lithium, Nickel processing units in IndiaThe proposed scheme, which is close to securing approvals, will offer production-linked incentives and waive import duties on capital goods...
- India's beauty, personal care market seen at $39 billion by 2030: FlipkartIndia's beauty and personal care market is set for a significant surge, projected to hit $39 billion by 2030. Flipkart's report reveals a s...
- How a fruit born out of 1992 experiment is helping farmers earn Rs 10–12 lakh per acreMahabaleshwar strawberries have become a symbol of Maharashtra's agricultural innovation, growing from a seasonal fruit into a thriving ind...
- From raincoats to briefs to diapers: Textile PLI shows green shoots as imports drop, niche exports tripleIndia's textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of spec...
- New Pashmina Board aims to put Ladakh's luxury fibre on the global mapLadakh is establishing the Ladakh Pashmina Development Board to boost its famed fibre worldwide. This new body will protect the Pashmina va...
- Insurers face margin pressure amid rising competition, costs; rural protection gap persists: ReportIndian insurers are feeling the pinch from fierce price wars and increasing operational expenses. To thrive, they must manage capital wisel...
- Australia declares El Nino set to be strongest in decadesAustralia's weather bureau has warned of an El Nino forming in the tropical Pacific. This weather pattern could become one of the strongest...
- RBI releases final guidelines on marketing, sales incentives of financial productsRBI has prohibited third-party incentives to employees of regulated entities for selling financial products, while allowing banks and NBFCs...
- Dia Mirza's environmental remark on patriarchy sparks backlash; internet says 'Aadmi hona paap ho gaya hai'. Here's what she saidDia Mirza's assertion on a podcast that patriarchy is the cause of climate change has sparked a heated online debate. While critics argue h...
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