Central banks push green finance as global warming losses rise to $160 b

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group, including 30 central banks, called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move, led by the Bank of France, Bank of England and People’s Bank of China, draws the group deeper into a controversial area of policy-making, where they advocate funding for alternatives to fossil fuels. They set out a road-map for authorities to use in prodding executives and investment funds to weigh up…

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RBI to launch campaign to make public aware of central bank’s regulations, initiatives

The Reserve Bank is planning to launch a full-fledged multi-media and multi-lingual campaign to create general awareness among citizens about the regulations and initiatives of the central bank. RBI’s department of communication has sought applications from advertising agencies for designing the creatives for pan-India public awareness campaign. “The campaign will be in 14 languages – Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Sindhi, Tamil, Telugu, Urdu, and English with focus on regional languages,” said the expression of interest document floated by the RBI in this regard. The media…

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Soon, travel from Chennai Central to airport in 45 minutes

The Chennai Metro Rail’s second line from Little Mount to Chennai airport and St. Thomas Mount station.   | Photo Credit: M. Vedhan Ticket fare likely to be increased when operations begin on stretches from Chennai Central and AG-DMS to the airport  In just a few months, commuters can travel from the Chennai Central and AG-DMS (Gemini) to the airport much quicker when services of the Metro Rail services are launched from the two locations. Commuters will be able to cover the distance of about 25 km from the Central station…

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