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Friday
November 2020
2:40 AM IST
News Headlines
End of an era: Argentina football legend Diego Maradona dies        Greg Barclay elected ICC's Independent Chair        Have great respect for Indian bowlers but our batsmen have seen them a lot: Langer        Rupee rises 6 paise to 73.95 against US dollar in early trade        Biden seeks swift Cabinet votes, but GOP Senate stays silent        As virus cases spike, financial outlook for world's airlines dims        Nivar makes landfall, weakens into severe cyclonic storm        Senior Congress leader Ahmed Patel passes away at 71        India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079        Left Govt moves ahead with projects having no central clearances: Chennithala        Kerala Cabinet decides to approach Governor to repeal new ordinance        Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM        Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today        UP okays ordinance against conversion for marriage, violators face up to 10 yrs in jail        Govts have to work as team to ensure vaccination drive is smooth, sustained: PM Modi        ICC nominates Kohli, Ashwin for Men''s Player of the Decade Award        Rohit, Ishant to miss first two Australia Tests, also doubtful for remaining two: BCCI source        India''s home series against England to feature four Tests instead of five        Odisha pay the penalty as Hyderabad keep first-ever clean sheet        Looking at India squad, Surya could have been there: Brian Lara        
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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.


Biden seeks swift Cabinet votes, but GOP Senate stays silent
As virus cases spike, financial outlook for world's airlines dims
Biden's first Cabinet picks expected Tuesday amid roadblocks
Hong Kong's Joshua Wong to plead guilty to protest charges
Federal Judge Dismisses Trump Lawsuit Seeking to Delay Pennsylvania Vote Certification
Moderna to charge governments $25-$37 per dose of its candidate vaccine - CEO
G-20 summit opens with Saudi urging united response to virus
Mala Adiga appointed policy director of Jill Biden
Tibetan leader Sangay visits White House for first time in 6 decades
China will have to play by rules; US to rejoin WHO: Biden
Biden wins Republican stronghold Georgia
Douglas Stuart''s ''Shuggie Bain'' wins 2020 Booker Prize, Indian-origin author Avni Doshi misses out
US says settlement products can be labelled ''Made in Israel''
Pak military had ties with Taliban, possibly Al Qaeda: Obama
JuD chief Saeed convicted in terror financing case
Biden and Harris receive briefing from national security experts
Transfer of power will be orderly and happen right on time: top Republican leader
Singapore needs more talent for growth of tech industry: PM Lee
Certain elements inside Pak military had links to al-Qaeda: Obama on raid that killed Osama
More Americans ''may die'' due to COVID if Trump does not cooperate with transition process: Biden
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
Left Govt moves ahead with projects having no central clearances: Chennithala
 Thiruvananthapuram: Opposition leader in Kerala Assembly Ramesh Chennithala on Tuesday alleged that
Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM
Ker FM hits out at ED over reported probe against KIIFB; Opp says he has "something to hide"
Kerala adds 5,294 fresh COVID-19 cases; Active cases 65,856
NATIONAL NEWS
Nivar makes landfall, weakens into severe cyclonic storm
 Chennai: Very severe cyclonic storm Nivar made landfall near Puducherry in the early hours of Thursd
Senior Congress leader Ahmed Patel passes away at 71
India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079
Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today
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