20
Tuesday
October 2020
2:07 PM IST
News Headlines
ED grills Farooq Abdullah for six hours in JKCA graft case, People''s Alliance says it''s vendetta        NCW seeks explanation from Kamal Nath for his remarks against MP minister        Imran Khan incapable and clueless; betrayed people of Pakistan: Opposition leaders        Nawaz Sharif''s son-in-law arrested in Pakistan        Kerala''s Covid tally touches 3.33 lakh with 5,022 fresh cases        HC restrains Customs from arresting Sivasankar till Oct 23, suspended officer discharged from hospital        Buttler, bowlers guide RR to seven-wicket win over CSK        Punjab beat MI in second Super Over        Saina, Sindhu's biggest Graffiti in India unveiled        Trump leans into fear tactics in bid to win Midwest states        US polls: New Congress could have more Indian Americans to the House Advertisement        Active COVID-19 cases below 8 lakh for 2nd day in row; recovery rate 88.03 pc        Flood situation grim in parts of Telangana, Karnataka        Dalit woman gang-raped at gunpoint in UP        Army pressed into service in 4 flood-hit Karnataka dists; CM to undertake aerial survey        Pakistan pacer Umar Gul announces retirement from all forms of cricket        HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr        Biden warns Trump wants to scrap health law        BJP govt has surrendered in front of criminals: Akhilesh        Rahul Gandhi, Capt Amarinder vow to force centre to revoke black farm laws        
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International News
UN panel says corruption hits the poor hardest
 
United Nations: A U.N. panel says tax abuse, corruption and money laundering are draining hundreds of billions of dollars from governments that could help the world's poor.

A report from the high-level panel on International Financial Accountability, Transparency and Integrity published Thursday said governments can't agree on the problem or the solution. But they're also losing an estimated 500 billion due to corporate tax avoidance from profit-sharing enterprises.

In addition, the panel estimated that 7 trillion in private wealth is hidden in tax haven countries, with 10% of world GDP held offshore, and that money laundering amounts to around 1.6 trillion per year, or 2.7% of global GDP.

Corruption and tax avoidance are rampant, said former Lithuanian president Dalia Grybauskaite, a panel co-chair. Too many banks are in cahoots and too many governments are stuck in the past. We're all being robbed, especially the world's poor.

She said trust in the finance system is essential to tackle global challenges including poverty, climate change and the COVID-19 pandemic.

Instead we get dithering and delay bordering on complicity, Grybauskaite said. The report said criminals exploited the COVID-19 pandemic as governments relaxed controls to speed up health care and social protection.

Our weakness in tackling corruption and financial crime has been further exposed by ... COVID-19, said former Niger prime minister Ibrahim Mayaki, a panel co-chair.

Resources to stop the spread, keep people alive and put food on tables are instead lost to corruption and abuse.

The panel's goal is to help achieve U.N. goals for 2030 that include ending extreme poverty, preserving the environment and achieving gender equality.


Imran Khan incapable and clueless; betrayed people of Pakistan: Opposition leaders
Nawaz Sharif''s son-in-law arrested in Pakistan
Trump leans into fear tactics in bid to win Midwest states
US polls: New Congress could have more Indian Americans to the House Advertisement
Biden warns Trump wants to scrap health law
India gives nod to clinical trial of Russia's Sputnik V vaccine
China, Russia and India spewing stuff into air: Trump
Indian students adjust to blended learning at UK universities
France's Macron to reinstate state of emergency
Trump says he feels like 'Superman' after coronavirus treatment
500 volunteers fighting fire on Africa's tallest mountain
WHO on Johnson&Johnson halting COVID vaccine trial: Safety paramount
Somali army says 11 militants killed in southern region
Reported death toll in Armenia-Azerbaijan clashes about 600
Japan vows to boost missile defense after North Korea parade
Greece calls new Turkish survey mission a threat to region
Trump's task: Resetting campaign that GOP fears is slipping
Brazil reaches 150,000 deaths from COVID-19 milestone By Marcelo De Sousa and Tatiana Polastri
Bus-train collision in central Thailand leaves 17 dead
China has deployed 60K soldiers on India's northern border: Pompeo
ENTERTAINMENT NEWS
My whole life has been a miracle: Rajinikanth
 Mumbai: From starting out as a bus conductor to becoming one of the biggest stars of the: country,  
'Game of Thrones' star Indira Varma tests positive for coronavirus
Coronavirus: Release of Ranveer Singh-starrer '83' put on hold
'Joker' earns Joaquin Phoenix his maiden Oscar
KERALA NEWS
Kerala''s Covid tally touches 3.33 lakh with 5,022 fresh cases
 Thiruvananthapuram: Kerala on Monday recorded 7,469 recoveries and 5,022 new COVID-19 cases, pushing
Jnanpith awardee Akkitham Achuthan Namboothiri dead
Kerala''s COVID-19 count crosses three lakh mark with 8,764 fresh cases
NCP welcomes Mani to LDF but not at cost of Pala seat
NATIONAL NEWS
ED grills Farooq Abdullah for six hours in JKCA graft case, People''s Alliance says it''s vendetta
 Srinagar: The Enforcement Directorate on Monday questioned National Conference president Farooq Abdu
NCW seeks explanation from Kamal Nath for his remarks against MP minister
Active COVID-19 cases below 8 lakh for 2nd day in row; recovery rate 88.03 pc
Flood situation grim in parts of Telangana, Karnataka
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