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Car insurance is the most switched financial product of the decade

Proving that the 2010s was the decade households embraced switching, 80% moved at least one financial product to a rival firm in the 2010s, according to data from Go Compare.




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Your coronavirus financial questions answered

Coronavirus is hitting our financial lives like nothing in modern history. Here, we answer some of the many questions you have raised - on everything from work to home, cars and lifestyle.




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Do I think jury service is a financial disaster? Guilty!

The letter from HM Courts and Tribunals Service hit my doormat last month. I knew what it was before I opened it - for the third time in my life, I had been selected for jury service starting later this month.




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Saudi officials were aware of Crown Prince's plans to hack Jeff Bezos' phone

Saudi officials were reportedly aware of Crown Prince Mohammed bin Salman's alleged plans to hack Jeff Bezos' phone that was a part of an intimidation scheme against Jamal Khashoggi.




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Here are the dates for every fan's diary as officials plot football's return after COVID-19 lockdown

According to The Times, contingency plans to bring the beautiful game back to life is becoming a reality, with government ministers recognising that an injection of positivity and hope is sorely needed.




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Premier League delay crucial Project Restart meeting until NEXT WEEK after Boris Johnson's speech

Premier League clubs were due to to reconvene on Friday to vote on plans to revive the season. However, they will now wait until Boris Johnson reveals the next phase of the UK's lockdown to meet




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Nelson Semedo set to be crucial to Barcelona's chase of Neymar, Lautaro Martinez or Joao Cancelo

Semedo arrived at Barca for £32m from Benfica in 2017 and has since impressed to become the club's first choice right-back. However, Barca are desperate to freshen up their first team.




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SPECIAL REPORT - Life in Derby is a world away for Wayne Rooney 

SPECIAL REPORT BY IAN HERBERT - Wayne Rooney's football world is now unrecognisable from anything he has known. No fans wait outside the Derby training ground. No shirts bear his name.




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Best of BS Opinion: Global financial system, coronavirus outbreak, and more

Here's a selection of Business Standard opinion pieces for the day




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Agriculture is the most significant beneficiary of budget: Ankur Aggarwal

Steps to encourage implementation of technology & its tools in Indian agriculture are positive




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Saint Lucia

Honorary Consulate of India, Castries
Monument Road, Morne Fortune,
PO Box No.1526, Castries,
Saint Lucia.
[*Under jurisdiction of Embassy of India, Paramaribo].

Telephone: 001-758-4516271 (O & R), +2853775 (M)
Fax: 001-758-4527870
E-Mail:consul-india@candw.lc
Website:www.indembassysuriname.gov.in

Honorary Consul*
Mr. Hira Ruhumal Asnaani




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Politicians seek divine intervention ahead of Assembly polls results

Ahead of counting of votes to decide political fate of five states, candidates were seen resorting to different means to calm their nerves Thursday morning




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Thriving social scene can in a town can add 10% to property prices

As thousands of country pubs, shops and post offices have shut down over the past few decades, loneliness has become an increasingly serious problem for village folk.




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Prime Minister makes an intervention on Digital Economy and Artificial Intelligence at Session II of G20 Summit 2019 in Osaka, Japan





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External Affairs Minister meets Malaysian Minister P. Waytha Moorthy, Special Envoy of Prime Minister Mahathir in New Delhi





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Rupay Card is Officially launched in UAE in the presence of Prime Minister [ph]Photo Courtesy : Lalit Kumar [/ph]





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External Affairs Minister delivers his remarks at FIIA during his Official Visit to Finland




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External Affairs Minister calls on Sauli Niinistö, President of Finland during his Official Visit to Finland




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Sheikh Hasina, Prime Minister of Bangladesh signs Visitor's Book at Hyderabad House during her Official Visit to India [ph]Photo Courtesy - Lalit Kumar[/ph]




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Prime Minister delivers his remarks on video inauguration of bilateral Projects during Official Visit of Prime Minister of Bangladesh to India [ph]Photo Courtesy - Photo Division[/ph]




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Prime Minister meets Ahmad bin Sulaiman Alrajhi, Minister of Labour and Social Development of Saudi Arabia in Riyadh[ph]Photo Courtesy: Lalit Kumar[/ph]




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External Affairs Minister meets Mulatu Teshome, Special Envoy of Ethiopian Prime Minister in New Delhi [ph]Photo Courtesy: Hemant Joshi[/ph]





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Minister of State for External Affairs meets Ekaterina Zaharieva, Deputy Prime Minister for Judicial Reform of Bulgaria in Madrid





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22nd Meeting of the Special Representatives for Settlement of India-China Boundary Question takes place at Hyderabad House, New Delhi





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Patricia Scotland, Secretary General of Commonwealth arrives in New Delhi [ph] Photo Courtesy: Hemant Joshi[/ph]





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TONY HETHERINGTON: Financial Conduct Authority is a disgrace and your £20k loss is proof

I looked for a safe investment and came across Wellesley & Co. I received a call, apparently from Wellesley but which turned out to be from a scammer. And I instructed my bank to transfer cash.




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Ten financial experts give their New Year's resolutions

Sir Steve Webb, Director of policy at Royal London:' Check my credit card statement properly. It's so easy to sign up for things on trial, then forget to cancel.




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Modi govt's 3rd year to see many more crucial laws: Arun Jaitley

Jaitley said India, from policy paralysis, has transformed into the fastest growing global economy for two years in a row




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IIC seeks recognition, easier financing for social enterprises

Impact Investors Council (IIC), in its representation for Budget 2015, is requesting the Government to help galvanise the impact investment eco-system




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L&T turns to international business, financial services to power growth

Faced with a sluggish local market, L&T has turned to international business, software and financial services to power growth




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Coronavirus lockdown: Congress calls for financial package of 5-6% of GDP

The opposition party also demanded that the Centre pays all pending dues to states to enable them to fight the outbreak, besides giving each of them special packages.




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As Covid-19 takes centre stage, crucial political matters await resolution

Even if the pandemic's curve flattens out, governments are in for a long haul because the economic and social costs are far too enormous to be recompensed in the short run




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Take action against politicians violating lockdown: Haryana govt to police

Action will be taken against any political leader, whether from the ruling party or the opposition if found violating the lockdown, Haryana Home Minister Anil Vij said




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Govt should assist states with financial packages: Adhir Ranjan Chowdhury

Chowdhury said that the governments and doctors have done a nice job in comparison to other countries, considering India has a population of 130 crore




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Covid-19 impact: Politicians log on to tech to get past lockdown hurdles

In view of the nationwide to prevent the spread of coronavirus, face-to-face interactions and political gatherings have been replaced by virtual meetings




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Did Union Budget - 2016 allocate more for rural India and the social sector? Not really

A closer look at budgetary numbers highlights why Indian budgets need to be more transparent




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ASEAN holds special summit on response to COVID-19 pandemic

Leaders of the 10-member Association of Southeast Asian Nations (ASEAN) on Tuesday morning met via videoconference to deliberate on a strategy to combat and overcome the COVID-19 crisis, ensuring peaceful life of people and sustainable development of countries in the region.In his capacity as ASEAN Chair 2020, Vietnamese Prime Minister Nguyen Xuan Phuc chaired the virtual summit, attended by the heads of state or government of the 10 ASEAN members- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, and the ASEAN secretary-general, Xinhua news agency reported.The leaders are expected to focus their discussions on containing and preventing the spread of COVID-19, supporting people in the countries hit by the disease, including providing consular assistance to ASEAN citizens living, working and studying in other ASEAN nations or a third country, and minimizing socioeconomic impacts of the pandemic.They are also expected to adopt a ...




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Global financial conditions tightened abruptly due to COVID-19: IMF

The International Monetary Fund (IMF) in its Global Financial Stability Overview released on Tuesday has noted that early in 2020, global financial markets remained afloat as there was a sense of optimism on the back of supportive monetary policy, reduced trade tension and tentative signs of stabilisation in the global economy. However, the spread of COVID-19 has posed a risk that has seen the prices of risk assets and commodities fall at unprecedented speed.The document released by the IMF says that the equity markets experienced the fastest drop in history with the S and P 500 falling 20 per cent from its peak in just 16 trading sessions.The asset price declines reached about half the magnitude seen in 2008-09 at the worst point of the sell-off, and implied volatility spiked across asset classes, in some cases to levels last seen during the global financial crisis.Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF, Tobias Adrian while releasing the




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Social distancing necessary until 2022 to prevent Covid-19 seasonal outbreaks, says study

Prolonged or intermittent social distancing may be necessary even until 2022 to prevent future Covid-19 seasonal outbreaks, a new study has said.Researchers from Harvard University, led by Stephen Kissler, used estimates of seasonality, immunity, and cross-immunity for two betacoronaviruses from time series data from the United States, to inform a model of Covid-19 transmission, Xinhua news agency reported.Recurrent wintertime outbreaks of Covid-19 "will probably occur after the initial, most severe pandemic wave," researchers wrote on in the study 'Projecting the transmission dynamics of SARS-CoV-2 through the postpandemic period', published in the online journal Science.The researchers added that without a vaccine or other interventions, "prolonged or intermittent social distancing may be necessary into 2022."Noting that "a key metric for the success of social distancing is whether critical care capacities are exceeded," the study said that "additional interventions, including ...




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Infra woes mar Mumbai's chance to emerge as global financial hub

However, experts believe Mumbai for all practical purposes is already an International Financial Centre




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RBI Announces Rs 50,000 Crore Special Liquidity Facility for Mutual Funds

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.




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RBI Announces Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF)

Reserve Bank will review the timeline and amount, depending upon market conditions




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Reserve Bank Extends Regulatory Benefits Under Special Liquidity Facility For Mutual Funds

Powered by Capital Market - Live News




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BASF India receives demand notice from Commercial Tax Department, Karnataka

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.




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AP Exclusive: Docs show top WH officials buried CDC report

The decision to shelve detailed advice from the nation's top disease control experts for reopening communities during the coronavirus pandemic came from the highest levels of the White House, according to internal government emails. The files also show that after the AP reported Thursday that the guidance document had been buried, the Trump administration ordered key parts of it to be fast-tracked for approval. The trove of emails obtained by The Associated Press show the nation's top public health experts at the Centers for Disease Control and Prevention spending weeks working on guidance to help the country deal with a public health emergency, only to see their work quashed by political appointees with little explanation. The document, titled Guidance for Implementing the Opening Up America Again Framework, was researched and written to help faith leaders, business owners, educators and state and local officials as they begin to reopen. It included detailed decision trees, or flow ..




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Taylor Swift unveils 'City of Lover' concert special for ABC

Pop star Taylor Swift has announced an hour-long concert special "City of Lover" which will air on ABC. The announcement comes weeks after Swift was forced to cancel all of her 2020 live appearances and performances, including "Lover Fest East" and "Lover Fest West" , due to coronavirus pandemic. The special, which will air on May 17, was filmed in September at the L'Olympia Theater in Paris, where she performed in front of audiences from 37 countries. It will be available for streaming on Disney Plus and Hulu on May 18. "Excited to announce the City of Lover Concert! We filmed my show in Paris in September and thought it'd be fun to share it with you. May 17 at 10p ET on @abcnetwork and available the next day on @hulu and @disneyplus !#TaylorSwiftCityOfLover" the 30-year-old singer tweeted on Friday. The musical event gives fans unprecedented access to behind-the-scenes moments with the artist and marks her only concert performance this year, ABC Network said in a press ...




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COVID-19: China's socialist political system has shown it can overcome any challenge: Prez Xi

Mounting a strong defence of the ruling Communist Party of China, President Xi Jinping has said the COVID-19 fight has once again shown that the CPC leadership and the country's socialist political system can overcome any challenge. Xi's comments came as China faced global criticism for its initial inaction to act against the novel coronavirus, which according to Chinese officials emerged in the central Chinese city of Wuhan in December last year. Pressure is also mounting on Beijing to agree for an international probe on the origins of the vicious virus, including from the Wuhan Institute of Virology (WIV), as claimed by the US leadership. China curbed the spread of the coronavirus in over a month and brought COVID-19 under control at its first epicentre in Wuhan in about three months, Xi, also the General Secretary of the CPC, said at a symposium held on Friday to get suggestions from non-ruling Communist Party of China (CPC) parties on COVID-19 prevention and control. He termed the




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Ricciardo braced for 'chaos' when Formula One starts

Australia's Daniel Ricciardo anticipates "chaos", "rust" and "adrenaline" should the 2020 Formula One season start at last. The global spread of the coronavirus has already led to 10 races, of what was to have been a record 22-event championship, being either cancelled or postponed. Officials at the FIA, motorsport's world governing body, are hoping to launch the season behind closed doors in Austria on July 5. "(It will be) some form of chaos, hopefully in a controlled manner," the Renault driver told BBC Radio Five Live. "I am not really referencing cars everywhere. But there is going to be so much rust, a combination of emotion, excitement, eagerness." Ricciardo, waiting out the crisis on his farm near Perth, Western Australia, believes a dramatic season-opener is in prospect at the Red Bull Ring. "Everyone is going to be ready to go," he said. "You are going to get some guys who perform on that level of adrenaline and others who might not. "So you're going to get some bold ...




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Georgia man's death raises echoes of US racial terror legacy

Many people saw more than the last moments of Ahmaud Arbery's life when a video emerged this week of white men armed with guns confronting the black man, a struggle with punches thrown, three shots fired and Arbery collapsing dead. The February 23 shooting in coastal Georgia is drawing comparisons to a much darker period of US history when extrajudicial killings of black people, almost exclusively at the hands of white male vigilantes, inflicted racial terror on African Americans. It frequently happened with law enforcement complicity or feigned ignorance. The footage of Arbery's death was not the only thing that rattled the nation's conscience. It took more than two months for his pursuers who told police they suspected he was a burglar to be arrested and taken into custody. That is fuelling calls for the resignation of local authorities who initially investigated the case and reforms of Georgia's criminal justice system. The modern-day lynching of Mr. Arbery is yet another ...




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Nepal raises objection over India inaugurating crucial link road passing through Lipulekh Pass

Nepal on Saturday raised objection over India inaugurating a strategically crucial link road connecting the Lipulekh pass at a height of 17,000 feet along the border with China in Uttarakhand with Dharchula, saying this "unilateral act" runs against the understanding reached between the two countries on resolving the border issues. Nepal's Foreign Affairs Ministry in a statement said the government "has learnt with regret" about the inauguration of the link road connecting to Lipulekh pass, which Nepal claims to be part of its territory. The 80-Km new road inaugurated by Defence Minister Rajnath Singh on Friday is expected to help pilgrims visiting Kailash-Mansarovar in Tibet in China as it is around 90 kms from the Lipulekh pass. After inaugurating the road through video-conferencing, Singh said pilgrims going to Kailash-Mansarovar will now be able to complete their journey in one week instead of up to three weeks. The road originates at Ghatiabagarh and ends at Lipulekh pass, the ...