DAVOS: Flagging huge risks to the economy from dangers of biodiversity loss and climate change, a new WEF study on Sunday said businesses are more than dependent on nature with an estimated exposure of USD 44 trillion or half of the world GDP. Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Economic Forum said about 25 per cent of our assessed plant and animal species are threatened by human actions, with a million species facing extinction, many within decades. China, the EU and the US have the highest absolute economic value in nature-dependent industries. An analysis of 163 industry sectors and their supply chains found that over half of the world's GDP is moderately or highly dependent on nature and its services. Pollination, water quality and disease control are three examples of the services an ecosystem can provide. The report said USD 44 trillion of economic value generation – over half the world's total GDP – is moderately or … [Read more...] about Half of world economy dependent on nature: WEF study
Leonardo dicaprio climate change
By Shifali Satsangee For decades now, ‘Waste Management’ has been confined to the precincts of reducing/reusing/recycling physical waste. With the advent of innovative financial and accounting practices like environment management accounting and activity-based cost management techniques, it is only fair that one questions themselves while wasting a precious and finite resource – Money. The convergence of finance with waste management may seem preposterous and improbable, but lately the concept of ‘Prudent Money Management’ is generating palpable interest among industry savants- conventional and modern alike. Prudent money management leads to ‘Smart Consumption’ which is one of the ways to manage waste and leads to ‘Sustainable Living’. Therefore, there is a positive and direct correlation between managing money well and sustainability of our resources. Fiscal prudence is a concentrated step towards tapering the quantum of money … [Read more...] about Can waste management principles help you to manage money better?
But that dream never eventuates. The holiday ends. And when it’s over, they can barely cope. They head back to their average lives with a gut full of Kombucha and try to keep the Byron Bay whimsy alive by really committing to the trend. It starts off with just a few linen outfits but next time you go to their house it’s covered in macramé and there’s a giant canvas print of a highland cow hanging on the wall. … [Read more...] about James Weir: Meghan and Harry’s attempt to pull a Hemsworth-style sea-change is what we all dream of
The Reserve Bank of India’s initiative to make online payment process simpler by introducing one-step authentication may impact the fast-growing mobile wallet industry and change the way it works. Once the single factor authentication norm is active, credit cards and debit cards will start providing the same level of ease as the m-wallets, taking away the advantage the latter currently holds, say experts. At present online transactions require two-way authentication where the payer has to put in card details and authenticate its ownership by providing a one-time password (OTP) or a 3D secure pin. Even though it reduced online theft, it also discouraged cashless transactions which currently stands at 0.43 percent, according to a PwC report. Hence, the concept of loading money or card details into a mobile wallet peeped in. With the help of mobile wallet, a customer can preload money and use it to pay for services without undergoing the two-way authentication process. … [Read more...] about Change in RBI norms may leave mobile wallet firms irrelevant
Harare: India are on course for an effortless ODI series whitewash over Zimbabwe but skipper Mahendra Singh Dhoni on Monday said he is concerned about the lack of opportunities for most of his batsmen in the tour so far. India posted an eight-wicket victory over Zimbabwe in the second One-day International to claim an unassailable 2-0 lead in the three-match series here. "So far, only three of our top batsmen have got the chance to play. In the batting department we would like to make changes," Dhoni said at the post-match presentation ceremony. Regarding changes in the team combination for the last ODI and three T20 Internationals, he said, "We'll sit and discuss changes for the next game with Sanjay (Bangar). There's only so much players can do in only one game. We'll see who can we fit in the T20 squad and maybe we'll rest one of the bowlers." Dhoni gave credit to his bowlers for the resounding win. "Our bowlers did a great job to restrict them, I felt they would cross 200 but … [Read more...] about Ind vs Zim: After securing series, MS Dhoni hints at changes for 3rd match