Indian News

Aadhaar biometric data cannot be hacked, says Ravi Shankar Prasad

Risk Management       Jul 15, 2018

Panaji: The biometric data of Aadhaar cannot be hacked even if someone tried a billion times, Union Minister for Information Technology Ravi Shankar Prasad said on Sunday, while calling the data storage system "completely safe and secure".   "... the system contains my fingerprints and my...

Tighter rules coming up for CAs, valuers and monitoring agencies

      Jul 14, 2018

  Mumbai: Sebi has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things.    The Kotak Committee, formed to come up with proposals for improving corporate governance, last year recommended that the Securities and...

Life insurers' premiums rise by 11% to Rs 36,729.79 in Q1

Life-News       Jul 14, 2018

  Mumbai: Cumulatively, the gross new business premium of all life insurers rose by 10.78 percent to Rs 36,729.79 crore during April-June period of the current fiscal year, according to the insurance regulator IRDAI’s data. For LIC, the new business during first three months of this...

639 farmers ended lives in Maharashtra between March and May this year: State government 

Non Life-News       Jul 14, 2018

  MUMBAI: In Maharashtra, 639 farmers committed suicide between March and May this year due to crop failure, debt and inability to repay bank loans, the state government has said.  State Revenue Minister Chandrakant Patil gave this information in the Legislative Council in Nagpur yesterday in...

India expected to be $10 trillion economy by 2030: Economic Affairs Secretary Garg

Economy       Jul 14, 2018

  New Delhi: Indian economy is on a stage of "take off" and is expected to be the world's third largest by 2030 with GDP worth $10 trillion, Economic Affairs Secretary Subhash Chandra Garg said today. "Good days are ahead and lot of good work is...

Labour Ministry finalises Code on Industrial Relations, to seek Cabinet approval

Health       Jul 13, 2018

  New Delhi: The Labour Ministry has finalised the Code on Industrial Relations (IR), one of the four codes being framed by consolidating over 44 labour laws, and will soon put before the Cabinet for approval, a top official said today.   The Ministry of Labour and...

Tycoon Mukesh Ambani set to overtake Alibaba's Jack Ma as Asia's richest

Wealth Management       Jul 13, 2018

  Mukesh Ambani is poised to overtake Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries to disrupt the e-commerce space in India.   The chairman of India’s refining-to-telecoms conglomerate, Ambani was estimated to be worth $44.3 billion on Friday with...

LIC Board to meet on Monday in New Delhi to finalise IDBI acquisition deal

Life-News       Jul 15, 2018

  Mumbai: The Board of Directors of state-owned Life Insurance Corporation (LIC) of India is having a unscheduled  board meeting on Monday in New Delhi to finalise its proposal to buy 51 per cent stakes in debt laden IDBI Bank.   ``Yes, we have called for a...

Setting up a social media hub will be like creating a surveillance state, says SC

Risk Management       Jul 13, 2018

  New Delhi: The Supreme Court today took a strong note of the Information and Broadcasting Ministry's decision to set up a social media hub for monitoring online data, observing that it will be "like creating a surveillance state.   Bench issues notice to Union government on...

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