Indian News

M Rajeshwar Rao, deputy governor,Reserve Bank of India

Customer privacy, data protection non-negotiable: RBI deputy governor

  MUMBAI: Reserve Bank deputy governor M Rajeshwar Rao has said that technological innovation in banking is of paramount importance but cannot be pursued at the cost of customer privacy and data protection which are non-negotiable. "We must generate trust amongst the customers that their data...

India daily increase of record 234,692 COVID-19 infections

Eco/Invest/Demography, Health, Life, Non-Life, Pandemic       Apr 17, 2021

  New Delhi: India reported a record daily increase of 234,692 COVID-19 infections over the last 24 hours, health ministry data showed on Saturday. It was the eighth record daily increase in the last nine days. Total cases reached nearly 14.5 million, second only to the...

Fears of vaccine exclusion as India uses digital ID, facial recognition

  Fears of vaccine exclusion as India uses digital ID, facial recognitionMillions of vulnerable people are at risk of missing out on Covid-19 vaccines as India uses its national digital identity for registration and pilots facial recognition technology at inoculation centres, rights groups and experts said....

Govt notifies draft rules for hiking FDI to 74 % in insurance sector

  New Delhi: After the passage of the enabling amendments in the Insurance Act 1938, by the parliament, to hike the foreign direct investment (FDI) in the Indian insurance sector to 74 per cent from 49 per cent, the ministry of finance, on Tuesday has notified...

US, India to launch hydrogen task force under Strategic Energy Partnership

  India and the United States will launch a Hydrogen Task Force under the Strategic Energy Partnership between the two countries soon, announced US Deputy Secretary of Energy, David M Turk. He made the announcement at the inaugural edition of the Hydrogen Roundtable titled "Hydrogen Economy:...

PM Modi reviews status of oxygen availability to ensure adequate supply

Eco/Invest/Demography, Health       Apr 16, 2021

  New Delhi: Amidst the record spike in COVID-19 cases in India, Prime Minister Narendra Modi on Friday took a comprehensive review to ensure an adequate supply of medical grade oxygen across the country. According to an official statement from the Prime Minister's Office (PMO), inputs...

Investors line for new banking licenses

  Mumbai: The Reserve Bank of India on Thursady, released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. Applicants under guidelines for ‘on tap’ Licensing of Universal Banks are:UAE Exchange and Financial Services Limited,The Repatriates Cooperative...

Vaccination not shield against COVID, can reduce severity, lower fatality: Experts

Eco/Invest/Demography, Health, Non-Life       Apr 16, 2021

  New Delhi: Amid cases of the coronavirus infection being reported post-vaccination from a few parts of the country, experts have said inoculation against COVID-19 ''does not produce a shield'' against the deadly virus, but helps reduce the severity of the infection and chances of death....

Monsoon to be normal this year, says IMD

Eco/Invest/Demography       Apr 16, 2021

  New Delhi: The Southwest monsoon, which brings more than 75 per cent of rainfall to the country, is expected to be normal this year, the India Meteorological Department (IMD) said on Friday. The Long Period Average (LPA) will be 98 per cent with an error...