WEF 2020
DA hiked by 3% to 63%: Know the impact of hike on salaries of Level 1-10 central government employees
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
Global cooperation declining after resilience through 2012-2020: WEF study
"The barometer indicates that global cooperation was resilient in multiple dimensions from 2012 until 2020 but overall cooperation declined by 2 per cent from 2020 to 2022," the WEF said in the report released days before its annual meeting of world leaders in the Swiss ski resort town Davos.
Drones can boost India's GDP by up to 1.5%, address challenges for the country's key agriculture sector
While emerging fourth industrial revolution technologies can play a role in addressing these challenges. WEF cited a Ministry of Electronics and Information Technology (MeitY) report that highlighted that digital tech-based agriculture can unlock further value of $65 billion by 2025. The gross domestic product (GDP) impact of digital agriculture will be even larger.
Covid tests, no snow and no Russians: A strange Davos
There was no snow, no Russians and fewer Chinese delegates -- but plenty of rain and Ukrainians. The World Economic Forum is typically held in January under a blanket of snow.
Modi, Xi Jinping among world leaders to participate in virtual Davos summit
The WEF's Davos 2020 summit was the last major global event that took place before almost the entire world got locked down due to the COVID-19 pandemic.
WEF to host online Davos Agenda meet in January; world leaders to speak on way ahead
While the WEF's Davos 2020 summit was the last major global event that took place before almost the entire world got locked down due to the COVID-19 pandemic, the next annual meeting has been shifted to May 2021 and is scheduled to be held in Lucerne-Burgenstock, Switzerland.
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2021 Davos summit shifted to Lucerne in May
The annual gathering of the world's political, economic and business elite traditionally takes place in January against the idyllic snowy backdrop of the Swiss Alpine village of Davos.
One in four adults globally do not want Covid vaccine, says WEF survey; side effects could be a reason
The country where the Covid-19 vaccination intent was found to be the highest is China.
CNG price in Delhi hiked by Re 1 per kg
The company had last cut CNG price by Rs 3.2 per kg and piped natural gas rate by Rs 1.55 per unit from April 3.
SBI's new FD rates come into effect. Check the rates here
As per the latest interest rate updated on SBI website, FDs between 7 days to 45 days will now fetch 3.3%. FDs between 46 days to 179 days will give 4.3%. And, FD with maturity between one year and up to three years will give 5.5%.
SBI cuts MCLR, FD rates but hikes floating home loan rates
By widening the spread over its repo rate-linked external benchmark rate, which is EBR plus spread, it now stands at 7.40 per cent as against 7.20 per cent on April 1, 2020. This comes on the same day SBI cuts its MCLR by 15 bps across all tenors.
IndiGo closes bookings till May 31
All other private airlines are also set to abide by the order and with that flights operations within the country are likely to be suspended till the end of May, unless the government decides to allow it.
DGCA bars airlines from booking tickets beyond May 3, 2020
After the government extended the lockdown period by three weeks till May 3, 2020, airlines had started booking tickets beyond that day assuming flight operations will resume once the lockdown is lifted.
State Bank of India reduces FD rates. Here are the latest ones
According to the newly effective interest rate, FD having tenor of 7 to 45 days will earn 4 per cent instead of 4.50 per cent earlier.
SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates
After the cut, the one-year MCLR comes down to 7.85 percent per annum from 7.90 percent per annum. According to SBI’s press release, this is the bank’s ninth consecutive MCLR cut during the current financial year 2019-20.
Tata Steel Kalinganagar honoured at World Economic Forum 2020
Tata Steel's CEO & MD T V Narendran accepted the award for the company's recent admittance into the Global Lighthouse Network. In July 2019, Tata Steel Kalinganagar became the first and only Indian manufacturing plant to be included in the WEF's Lighthouse Network, when 10 new factories, including TSK, were added to the Global Lighthouse Network.
India ranked 80th in Corruption Perception Index
The CPI, released at the WEF 2020 here, ranks 180 countries and territories by their perceived levels of public sector corruption, according to experts and business people.
It will require a very credible challenger to displace dollar's dominance: IMF chief economist Gita Gopinath
She said euro has been around for a long time but it has not reached the level yet that it was initially expected to achieve, while China has also been trying to internationalise its currency for long without much success. Speaking here at a WEF 2020 session on dollar's dominance, Gopinath said historically one currency has always dominated the global trade.
Muslims in India safer than most other places in world: Goyal
"When we take electricity to every home we do not ask them their colour or their religion, when we take toilets, digital tech, bank accounts, cooking gas to every home we do not ask their religion. All our programmes are equal for all," the minister said.
137 countries on board for OECD digital tax plan: Angela Gurria
OECD chief Angela Gurria on Thursday said the international body's plan to help solve digital tax problems has got support of 137 countries and new rules must be put in place to stop evasion worth hundreds of billions of dollars.
WEF 2020: CEOs welcome pay alignment with environmental, social and governance criteria
With stakeholder capitalism gaining traction, the push to closely align executive pay to a company's performance on environmental, social and governance (ESG)-related criteria is gaining ground.
Punjab Delegation holds strategic talks with business leaders at Davos
The delegation also comprises of Advisor Invest Punjab, Mr. B.S. Kohli and CEO Invest Punjab, Mr. Rajat Agarwal.
Hopeful all countries will come together on AI regulations: Sundar Pichai
"Internet is actually an export product. Even in India, if we talk about YouTube, a video created by an Indian gets audience from across the world. That's the beauty of digital economy" he said. Pichai, also CEO of Alphabet, said he has always been a technology optimist, having experienced firsthand the benefits new technology brought to his own life.
Mental illness hit me when least expected: Deepika Padukone
Speaking here at the WEF 2020, the cine star said she had to lie for a long time when people asked her a simple question like 'how are you doing?' and she had to reply 'good'. "Mental illness happened to me when I had least expected it. I was at a professional high, my movies were doing great and I was in an amazing relationship," she said.
SBI cuts long-term FD interest rates by 15 bps
The bank has cut rates on long-term fixed deposits maturing in 1 year to 10 years. According to the bank's website, FDs with tenures of more than one year will now fetch 6.1 per cent, down from 6.25 per cent earlier.
WEF@Davos: Padukone to talk mental health, Sadhguru to hold meditation sessions
When world leaders congregate in the Swiss ski resort town of Davos later this month to discuss a more cohesive and sustainable world, the stigma around mental health will also be a key area of deliberation and one of the persons spearheading this topic would be actress Deepika Padukone.
Union ministers, CMs to join over 100 CEOs at WEF's 50th Annual Meeting in Davos
Among the global leaders, US President Donald Trump and his Russian counterpart Vladimir Putin are also expected to attend the high-profile summit, where over 3,000 global leaders would converge to discuss what requires to make it a 'cohesive and sustainable world.'
Fighting for a good cause: Deepika Padukone feted with award by WEF for spreading awareness on mental health
Deepika & 3 others were selected for WEF's Crystal Award.
Over 100 Indian CEOs, Deepika Padukone to visit Davos for 50th WEF annual meet
The annual jamboree is expected to be even a bigger affair this time because it would be its 50th anniversary and several top global leaders might be present. While the official list of public figures would be announced closer to the summit,speculation is abound that Trump as well as Putin both might be there after both of them skipped last year's Davos.
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