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RBI imposes Rs 5 lakh penalty on Nissan Renault Financial Services India

RBI imposes Rs 5 lakh penalty on Nissan Renault Financial Services India

Finance
MUMBAI: The Reserve Bank of India has imposed a penalty of Rs 5 lakh on Chennai-based Nissan Renault Financial Services India Private Limited for non-compliance with the central bank's directions. In a statement on Wednesday, RBI said the penalty has been imposed for non-compliance with its directions contained in Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 on Fair Practices Code for applicable NBFCs. The statutory inspection of Nissan Renault Financial Services India with reference to its financial position as on March 31, 2019, revealed, inter alia, non-compliance with the RBI directions. The apex bank said a notice was issued to the company advising it to show cause as to why penalty should ...
Study highlights carbon sequestration services provided by U.S. forests

Study highlights carbon sequestration services provided by U.S. forests

Science
Sept. 21 (UPI) -- Forests in the United States currently sequester approximately three decades worth of carbon dioxide emitted by the American fossil fuel industry, according to a new a study. What's more, forests and harvested wood products uptake approximately 14 percent of economy-wide CO2 emissions in the United States annually. Advertisement Despite declining carbon emissions in the United States, the contribution of forests to emissions offsets has remained stable. This, researchers say, suggests the ability of U.S. forests to absorb new carbon -- an ability driven largely by forest regrowth -- is slowly declining. To better understand the ability of afforestation and reforestation activities to improve carbon sequestration capabilities, researchers analyzed data from more than 130,...
Study: Private insurers pay 2 1/2 times what Medicare does for hospital services

Study: Private insurers pay 2 1/2 times what Medicare does for hospital services

Health
Sept. 18 (UPI) -- Private insurers paid roughly 2.5 times what Medicare paid for hospital-based care in 2018, an analysis released Friday by the RAND Corp. found. Hospitals charged private insurers, on average, rates that were 247% of those assessed Medicare beneficiaries, the data showed. Advertisement However, in several states -- Alaska, Florida, South Carolina, Tennessee and West Virginia -- the figure was as high as 325%. Some states -- Arkansas, Michigan and Rhode Island -- had relative costs under 200% of those paid by Medicare, according to analysts. "This analysis provides the most-detailed picture ever of what privately insured individuals pay for hospital-based care relative to what the government pays for people insured through Medicare," analysis co-author Christopher Whale...
Contraceptive services ‘even worse’ after coronavirus

Contraceptive services ‘even worse’ after coronavirus

Health
The coronavirus pandemic has made a "difficult situation even worse" for women trying to access contraception, a group of MPs and peers has warned.Their inquiry claims years of cuts means patients "have to navigate a complex system just to receive basic healthcare".It warns damage caused by the pandemic could see a rise in unplanned pregnancies and abortions.Sexual health doctors say the service is "overstretched and underfunded". Coronavirus: Morning-after pill access 'hit by lockdown' Women 'struggling to access contraception' The All Party Parliamentary Group (APPG) on Sexual and Reproductive Health says cuts to public health funding in England have had a wide-ranging impact, including: service closures reduced opening hours ...

Google warns Australians could lose free search services

Technology
Google has warned that the Australian government’s plans to make digital giants pay for news content threatens users’ free services in Australia and could hand users’ data to media organizationsBy ROD McGUIRK Associated PressAugust 17, 2020, 8:37 AM3 min readShare to FacebookShare to TwitterEmail this articleCANBERRA, Australia -- Google warned on Monday that the Australian government’s plans to make digital giants pay for news content threatens users’ free services in Australia and could hand users’ data to media organizations. The U.S.-based company's warning, contained in what it called an “Open letter to Australians,” comes a week before public consultations close on Australian draft laws that would make both Google and Facebook pay for news siphoned from commercial media companies. “