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Deceit pays dividends: How CEO lies can boost stock ratings and fool even respected financial analysts

September 28, 2023
General
Deceit pays dividends: How CEO lies can boost stock ratings and fool even respected financial analysts

The multibillion-dollar collapse of FTX – the high-profile cryptocurrency exchange whose founder now awaits trial on fraud charges – serves as a stark reminder of the perils of deception in the financial world. The lies from FTX founder Sam Bankman-Fried date back to the company’s very beginning, prosecutors say. He lied to customers and investors alike, it is claimed, as part of what U.S. Attorney Damian Williams has called “one of the biggest financial frauds in American history.” How were so many people apparently fooled? A new study in the Strategic Management Journal sheds some light on the issue. In

Centre asks banks to depute doorstep executives to help bedridden pensioners submit life certificates

September 27, 2023
Retirement

New Delhi, Sep 27 (PTI) The Centre has asked all pension disbursing banks to depute doorstep executives to help bedridden and hospitalised pensioners submit their life certificates. An order issued by the Department of Pension and Pensioners’ Welfare (DoPPW) also asked all banks to create awareness about the convenience of obtaining the life certificate digitally by using the face authentication technology by super senior pensioners (those aged 80 and above). All pensioners have to give a life certificate (proof that they are alive) annually to continue receiving pension. There are about 69.76 lakh central government pensioners. In view of the

Young India will turn into rapidly ageing society in coming decades: UNFPA

September 27, 2023
General

New Delhi, Sep 27 (PTI) Elderly population in India is expanding at an unprecedented rate and could surpass the children’s population by mid-century, a new UNFPA report said, underlining that the young India will turn into a rapidly ageing society in the coming decades. India has one of the highest populations of adolescents and young people in the world. At the national level, the share of the elderly (60+ years) population is projected to increase from 10.1 per cent in 2021 to 15 per cent in 2036 to 20.8 per cent in 2050, according to the UNFPA’s ‘India Ageing Report

India ageing report 2023 unveils insights into elderly care challenges and solutions

September 27, 2023
Health

New Delhi [India], September 27 (ANI): United Nations Population Fund (UNFPA) India, in collaboration with the International Institute for Population Sciences (IIPS), has unveiled the much-anticipated “India Ageing Report 2023.” This comprehensive report delves into the challenges, opportunities, and institutional responses surrounding elderly care in India as the nation undergoes a significant demographic shift towards an ageing population, read the Ministry of Social Justice and Empowerment press release. The joint release of the report took place with Saurabh Garg, Secretary, Ministry of Social Justice and Empowerment, and Andrea M Wojnar, UNFPA India Representative and Country Director Bhutan, emphasizing the importance

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