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Kuwait fire, a reminder of dismal working conditions of Indian diaspora

by AIP Online Bureau | Jun 15, 2024 | Eco/Invest/Demography, Indian News, Risk Management

About 13 million Indians work abroad – more than 60% of them in Gulf nations – according to information shared with parliament by the Indian foreign ministry in 2023. The bodies of 45 Indians who died in a fire in a labour housing facility in Kuwait were...
Drafting of rules under data protection law in advanced stage; extensive industry consultations soon: Vaishnaw

Drafting of rules under data protection law in advanced stage; extensive industry consultations soon: Vaishnaw

by AIP Online Bureau | Jun 15, 2024 | Eco/Invest/Demography, Indian News, Technology

Ashwini Vaishnaw, Union Minister for for Electronics and IT The Parliament had passed the DPDP Act in August last year. The key piece of legislation aims to protect the privacy of Indian citizens while proposing a penalty of up to Rs 250 crore on entities for misusing...
Only 29% elderly people have access to social security schemes like Pensions, PF: Study

Only 29% elderly people have access to social security schemes like Pensions, PF: Study

by AIP Online Bureau | Jun 15, 2024 | Data, Health, Pension & Social Security, Risk Management

Health insurance coverage is limited to 31 per cent of the elderly New Delhi: Only 29 per cent elderly people reported to have access to social security schemes, such as old-age pensions or provident funds, according to a study by the NGO HelpAge. A similar proportion...

Trai takes up fraud, pesky call issues in meeting with financial regulators, institutions

by AIP Online Bureau | Jun 14, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The telecom regulator discussed the allocation of 160 series exclusively for making transactional and service voice calls, which has been earmarked for all entities regulated by the RBI, Sebi, Irdai and PFRDA in the first stage NEW DELHI: Telecom regulator Trai has...
US court levies $194 mn penal charges on TCS for misappropriation of trade secrets

US court levies $194 mn penal charges on TCS for misappropriation of trade secrets

by AIP Online Bureau | Jun 14, 2024 | Indian News, Risk Management

The order has been passed against the company in a case filed by Computer Sciences Corporation (CSC) — now merged with DXC Technology Company (DXC) — alleging misappropriation of its trade secrets before United States District Court, Northern District of Texas, Dallas...
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