Latest news with #CIEL
France 24
03-07-2025
- Politics
- France 24
Inter-American court says states must protect people from climate change
The decision means that around 20 countries across Latin America and the Caribbean that recognize the court's jurisdiction must undertake legal reforms that could increase the requirements imposed on businesses, something environmentists have long advocated. "States must adopt all necessary measures to reduce the risks arising... from the degradation of the global climate system," the Costa Rica-based court said in response to a request submitted by Colombia and Chile. It underlined that "the right to a healthy environment" is included among the rights protected by the American Convention on Human Rights. The court is an autonomous legal institution that interprets and applies the American Convention, which has been ratified by more than 20 countries including Argentina, Brazil, Chile, Mexico and Peru. The court said countries must "adopt legislative and other measures to prevent human rights violations committed by state and private companies." "States must urge all companies domiciled or operating in their territory to adopt effective measures to combat climate change and its impacts on human rights," it said. The first government reaction to the decision came not from one of the OAS member states, but from the small Pacific island of Vanuatu, which hailed it as "groundbreaking." The ruling was also welcomed by environmentalists. The Center for International Environmental Law (CIEL), which was involved in the case, said such "advisory opinions" were "authoritative statements of binding international law and carry substantial legal weight." "The court has broken new ground and set a powerful precedent," said Nikki Reisch, the organization's climate and energy program director. "The court's conclusions should put big polluters, like the fossil fuel industry, on notice: climate-destructive conduct violates the law." Viviana Krsticevic, executive director of the Center for Justice and International Law (CEJIL), said the ruling established "legally binding standards" for the protection of the right to a healthy environment. Marcella Ribeiro, an attorney with the Interamerican Association for Environmental Defense, said that it was the first time an international court had "directly addressed climate change as a legal and structural human rights issue." © 2025 AFP
Economic Times
16-06-2025
- Business
- Economic Times
Insurance is a risk cover and not an investment: Don't confuse the two
Vihaan Gupta, 30, is planning to get married and start a family. He has been saving for his key financial goals like buying a house, travel and retirement. He took a Rs.15 lakh life insurance policy five years ago when he started working. Though he often receives insurance sales calls, he believes his current cover and investments are sufficient and a simple top-up will suffice as he settles down. Is this assumption correct? Vihaan Gupta is right to identify and plan for his life goals, but achieving them depends on his ability to keep earning and investing. An untimely death could derail this plan, leaving his family without adequate financial support. A pure term insurance policy is best suited to cover this risk and should be sufficient. It should be reviewed at every life stage and starting a family is a crucial point to do so. Gupta must factor in inflation, current finances, number of dependants, and his family's future lifestyle needs in his absence. Just as death is a risk that can't be ignored, so is the loss of earning capacity by the breadwinner. A personal accident policy helps cover this risk, especially if it includes death, permanent total or partial disability, and temporary disability. Similarly, a major illness or accident requiring hospitalisation can strike any family member at any time and lead to significant expenses. Without health insurance, Gupta may have to dip into savings or even borrow, putting his long-term goals at risk. Opting for health insurance early is essential to safeguard against medical risks. Insurance is a risk management tool and should not be confused with investment, as it serves a completely different purpose. Identifying key life risks and covering them with suitable insurance is essential. Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
16-06-2025
- Business
- Time of India
Insurance is a risk cover and not an investment: Don't confuse the two
Academy Empower your mind, elevate your skills Vihaan Gupta, 30, is planning to get married and start a family. He has been saving for his key financial goals like buying a house, travel and retirement. He took a Rs.15 lakh life insurance policy five years ago when he started working. Though he often receives insurance sales calls, he believes his current cover and investments are sufficient and a simple top-up will suffice as he settles down. Is this assumption correct?Vihaan Gupta is right to identify and plan for his life goals, but achieving them depends on his ability to keep earning and investing. An untimely death could derail this plan, leaving his family without adequate financial support. A pure term insurance policy is best suited to cover this risk and should be sufficient. It should be reviewed at every life stage and starting a family is a crucial point to do so. Gupta must factor in inflation, current finances, number of dependants, and his family's future lifestyle needs in his as death is a risk that can't be ignored, so is the loss of earning capacity by the breadwinner. A personal accident policy helps cover this risk, especially if it includes death, permanent total or partial disability, and temporary disability. Similarly, a major illness or accident requiring hospitalisation can strike any family member at any time and lead to significant expenses. Without health insurance , Gupta may have to dip into savings or even borrow, putting his long-term goals at risk. Opting for health insurance early is essential to safeguard against medical is a risk management tool and should not be confused with investment, as it serves a completely different purpose. Identifying key life risks and covering them with suitable insurance is on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
09-06-2025
- Business
- Time of India
What are restricted stock units?
Live Events Let us understand what are restricted stock units 1. RSUs are company shares granted to employees as part of compensation, but these come with restrictions of vesting over time.2. Employees are not required to pay anything to receive the shares as they are granted for free, subject to vesting.3. RSUs vest over a set period, commonly in annual or quarterly instalments, say, 20% each year over five years. Till such time, employees don't own the shares or have any rights.4. At the time of vesting the market value of RSUs is treated as income and taxed accordingly.5. At the time of sale, the gain or loss after vesting is taxed as capital gain or on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta
Time of India
09-06-2025
- Business
- Time of India
What should you do with your annual bonus - save or spend?
Sharmin Adhikari is 35 years old and an interior designer by profession. She is thrilled about her annual bonus and the extra cash she has received, especially during the vacation season. She is tempted to splurge on a dream European cruise with her husband, but also feels the need to save. Torn between indulgence and prudence, she is weighing her options and wants to know what to do. Sharmin Adhikari should start by clearing her outstanding debts. She should begin with credit cards, followed by personal, car and home loans, in this order. Credit cards carry the highest urgency, with interest rates reaching up to 36% annually. While using the bonus to pay off debt is technically spending, it leads to significant monthly savings by cutting down future interest costs. Once the debt is under control, her next priority should be to build an emergency fund, if she doesn't already have one. If Adhikari has already tackled her high-cost debt and has built an emergency fund, she can consider splitting her bonus between saving and spending. After all, she has earned it, and a small, thoughtful indulgence can be a rewarding way to celebrate. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensioners Can Buy These Electric Cars in Kuala Lumpur - See Prices Here! Electric Cars | Search Ads Search Now Undo Choosing something that offers lasting value, like a short, affordable holiday, may be more meaningful than splurging on a bucket-list cruise. The rest of the bonus could be set aside for upcoming expenses , such as home repairs, new car, or a short course, or added to her long-term savings for goals like retirement . The things that Adhikari could do with her bonus could be endless. The decision on what to do with a bonus cheque doesn't always have to be a choice between saving and spending. The only caveat is her financial situation. In case there is a debt or a major expense looming, the money might be best saved. Live Events Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Meht a.
