Page 9 - World Economic Forum

Smriti Irani questions WEF's gender gap report which ranked India at 135

Union Women and Child Development Minister Smriti Irani on Tuesday questioned the World Economic Forum's Global Gender Gap Index assessment which ranked India at 135th place in terms of gender parity. Irani said the Index failed to take into account the political empowerment and financial inclusion of women at the grassroots level. The Union minister interacted via video link with the audience during a seminar organised at the Rashtriya Raksha University at Lavad in Gandhinagar district of Gujarat. She was asked questions related to the empowerment of women and gender equality. "It is time to challenge what the Global Gender Gap Index has done in the way India has challenged the Global Hunger Index. This measurement has been done through the western standards," Irani said. She said when it comes to marks of political empowerment, the Index does not take into account women who serve across panchayats and municipalities as district panchayat presidents, sarpanchs, mayors and ...

Yoginder K Alagh (1939-2022): An exceptionally generous economist departs

Born in pre-independence India, Alagh has left behind a rich legacy in the world of economic policymaking

Transition of India's entire 2/3-wheeler fleet to electric needs financing

The complete electrification of India's entire fleet of two and three-wheelers, the largest in the world, will require financing to the tune of USD 285 billion (nearly Rs 23 lakh crore), according to a new white paper. Published in collaboration with NITI Aayog, the World Economic Forum (WEF) paper said the last-mile and urban delivery fleets are leading the adoption of electric two-and three-wheelers in India and are likely the first segments to transition completely to electric. But driver-cum-owners are hesitant to make the transition to electric due to higher upfront cost of acquisition, lack of confidence in new technology, unassured reliability, and unestablished resale value, it added. Two-wheelers and three-wheelers account for over 80 per cent of vehicle sales in India and the adoption of electric vehicles has been steadily rising in the past few years. There are about 45 certified vehicle manufacturers of electric two-and three-wheelers in India in an otherwise consolidat

WEF looking at solutions from India to help accelerate decarbonisation

The World Economic Forum (WEF) is looking at solutions from India to help accelerate decarbonisation worldwide as the focus is to try and bring the best practices from wherever they are to everyone else, according to a senior executive. "What India has done with the acceleration of renewables, deployment of new renewables is quite outstanding. If I am not mistaken, the numbers are saying that your demand has grown but you have decoupled the demand for energy from the demand for coal. That is a very important element," WEF's Roberto Bocca told PTI here. Bocca is a Member of the WEF's Executive Committee and the Head of Shaping the Future of Energy and Materials. Regarding India, the forum is working on the demand side as well as on cities, transportation and industrial demand. "This transition will not happen just because (of the shift) from fossil fuels to renewables, it will also happen out of efficiency," he noted. When asked whether the forum is looking at solutions from India t

Women bosses fare worst in accumulated savings: Gender Wealth Equity report

Gender wealth equity varies the most in the Asia-Pacific regions and the least in North America, finds the WTW Global Gender Wealth Equity report

Growth of core sector output recovers to 3-month high in September

The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

India facilities of Cipla, Dr Reddy's Labs, join Global Lighthouse Network

The World Economic Forum on Tuesday announced the addition of 11 factories and industrial sites, including three from India, to its Global Lighthouse Network. From India, the additions are pharma major Cipla's Indore facility, Dr Reddy's Laboratories' Hyderabad facility and the Mondelez facility in Sri City. The Global Lighthouse Network is a community of over 100 manufacturers that are showing leadership in applying Fourth Industrial Revolution technologies such as artificial intelligence, 3D-printing and big data analytics. The WEF further said four lighthouse members with outstanding environmental footprint reductions have been given an additional designation of Sustainability Lighthouses. These four include Unilever's Dapada facility in India. The WEF said that amid warnings of a global recession, energy price hikes and disrupted supply chains, the lighthouse factories offer business leaders and policymakers examples of how the manufacturing sector can stay competitive and ...

85% of Indian schools yet to implement vocational courses: WEF report

Titled Education 4.0 Report', the report explains how technology can address learning gaps and make education accessible to all

Chief economists' survey says global recession increasingly likely

A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said on Wednesday citing a survey of chief economists from across the world. According to the WEF Chief Economists Outlook report, real wages are expected to continue falling across the world in 2022-2023 and the cost of living crisis is threatening social unrest, though inflationary pressures are expected to ease in the next year. The survey showed that food security could be at risk across large swathes of the globe over the next three years. Referring to rising concerns about food security triggering export restrictions, which risk exacerbating global supply disruptions, the report said India, the world's largest rice exporter, introduced a ban on exports of broken rice and a 20 per cent export duty on other grades of rice. "Given that the stability of rice prices in 2022 was instrumental in preventing a fully-fledged global food crisis,

Diabetes burden: India lost 45 years of healthy life per person in 2021

By 2040, Type 1 diabetes cases to increase by 116% in India, says Lancet study

Afghanistan worst among 146 countries surveyed for gender equality: WEF

In the Global Gender Gap Index which was released by WEF on Wednesday, Afghanistan is placed in the last spot in a survey of 146 countries

India ranks low at 135th globally for gender parity, says WEF report

Iceland retained its place as the world's most gender-equal country, followed by Finland, Norway, New Zealand and Sweden, as per the annual Gender Gap Report 2022

Gender Gap Index 2022: India slips on income measures, shows data

The country performed better on education and health parameters. Political representation has been a mixed bag

Top Headlines: LIC's embedded value remains flat, FTP amendments, and more

LIC's Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021

We ensure that crypto transactions are in the KYC framework: CoinSwitch CEO

Crypto will pave the way for Web 3.0, a new internet that is open and shared, says CoinSwitch CEO Ashish Singhal

Bengaluru: Karnataka CM Bommai inaugurates largest IKEA store in India

With a planned investment of Rs 3,000 crore in Karnataka, IKEA is expecting to attract close to five million visitors this year in Bengaluru, the company had said on Tuesday.

WEF Annual Meet 2022 starts May 22 in Davos; Sitharaman, 3 CMs to attend

The WEF Annual Meeting 2022 will be held in Davos from May 22 to May 26 after a two-year hiatus due to Covid-19 pandemic

WEF 2022: Snowy mountain views were replaced by colourful pavilions

For Davos regulars, the missing snow was the key talking point

From balancing growth to inflation, WEF focused on challenges for economies

In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy

WEF: Firms join First Movers Coalition, CEOs to help reskill 1 bn, and more

Some 70+ CEOs of the CEO Climate Leaders Alliance - the largest CEO-led climate action group globally - agreed on taking bold action to translate pledges into tangible emission reductions