Indian News

1,991 kids; 20,000 prospective parents: Adoption scene in India

Economy       Aug 05, 2018

  The adoption scene in the country is somewhat like this: 1,991 children, including 1,322 girls, available for about 20,000 prospective parents. The highest number of children available for adoption is from Maharashtra at 376 followed by Odisha at 299, according to an RTI reply.   On...

Data protection bill deterrent for businesses who wilfully do wrong, says Justice B Srikrishna

Non Life-News, Risk Management       Aug 05, 2018

  Bengaluru:  The proposed data protection bill, making offences cognisable and non-bailable, is a deterrent for businesses who wilfully do wrong as giant corporations can otherwise get away with flagrant breaches “merely by throwing the fine monies”, Justice B Srikrishna has said.   “Every modern statute has...

Complaints against domestic air carriers swell to 7,200 in 20 months: Govt

Non Life-News       Aug 05, 2018

  New Delhi: Complaints against domestic air carriers swelled to more than 7,200 in the last 20 months, government data has revealed.   Of the 7,251 complaints received by Civil AviationMinistry platform AirSewa from December 2016 to July this year, 2,233 pertained to flight delays and 1,753...

Around 10,000 jobs to be created under National Health Protection Scheme

Economy, Health       Aug 05, 2018

  New Delhi:  At least 10,000 new jobs will be created with the implementation of the Centre's ambitious Ayushman Bharat-National Health Protection Mission (AB-NHPM), which aims to provide a cover of Rs 5 lakh per family annually to 10 crore poor families, according to a government...

Fintech Payments market prone to cyber-attacks,City of London & PWC Report

Risk Management, Technology       Aug 03, 2018

  London: In a rapidly emerging Fintech Payments market like India, the Cyber security threat is all the more pertinent considering the size of the payments market and the fact that India is one of the most vulnerable countries in the world that is prone to...

Social media communication hub policy withdrawn: Centre tells Supreme Court

Policy       Aug 03, 2018

  NEW DELHI: The proposal to create a 'Social Media Communication Hub' has been withdrawn, the Centre told the Supreme Court on Friday.   “Social media hub policy would be reviewed by government,” Attorney General K K Venugopal told a three-bench judge of the top court, headed...

Insurers to pay interest on delayed claim pay-out to farmers

Non Life-News       Aug 02, 2018

  NEW DELHI: Insurance companies, which fail to clear claims of farmers for crop loss within two months, will have to repay with 12 per cent interest, Union Agriculture Minister Radha Mohan Singh said today.  Singh said in the Lok Sabha that the central government has...

RBI Governor Urjit Patel

RBI hikes key rate by 25 bp,Home loans, EMIs to go up

Economy       Aug 01, 2018

  MUMBAI: Making money more expensive, for the second time in two months, the six-member Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday raised its benchmark interest rate by 25 basis points (bps) on inflationary concerns, a move that will make home, auto and...

Rokde & Narambunathan jointly to function as CMD of New India Assurance

Non Life-News       Aug 01, 2018

  Mumbai: In a temporary arrangement, H Rokde, general manger & director, New India Assurance(NIA) along with one of his colleagues ,C Narambunathan, general manager & director, NIA,have been jointly assigned, -Current in Charge- the functions of the chairman & managing director of the NIA, by...