Latest Updates Around The World
Why in the news By September 22, 2025India will implement GST 2.0 With a simplified structure: Two main plates: 5% and 18%. A special 40% “sinful/ultra-luxe” bracket. A lot of daily food (pizza bread, confectionery, chocolates, jam, jellies) will shift to Lower tax plates (5% or zero). Sent and sugar -based drinks will go to […]
What are cat bonds? Definition: A Hybrid Insurance-CUM-NEBT Financial instrument that transforms a disaster insurance into tradable effects. Goal: Transmits in advance defined natural disaster risk (eg Earthquakes, cyclones) of Sovereigns to global investors. Published via: Financial intermediaries such as the World bank” Asian Development Bankor reinsurers. Payment trigger: Based on objective disaster parameters (Magnitude, […]
