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International rating agencies give thumbs up to proposal of raising FDI limit to 74 % in insurance sector

Prospectively, given the historical trends and the opportunity to hold greater ownership in the insurance companies, AM Best is of the opinion that the Indian insurance industry is likely to attract significant overseas capital inflow.
The possibility of higher foreign ownership would improve insurers’ financial flexibility by offering additional opportunities to bolster solvency. In addition, insurers would benefit from the sharing of risk management best practices, possibly leading to a lowering of exposure to high-risk assets and adoption of risk-based capital management, explained Mohammed Ali Riyazuddin Londe, vice President – senior analyst, Financial Institutions, Moody’s Investors Service.

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India tells Twitter to comply with order to block accounts – sources

Twitter blocked dozens of accounts in India on Monday after the country’s Home Affairs Ministry complained that users were posting content aimed at inciting violence, a government had previously told Reuters.

But it later unblocked some of these accounts, prompting New Delhi to write to the U.S. social media giant demanding that it obey the government order, the technology ministry sources, who declined to be named as the notice to Twitter was not public, told Reuters.

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93,000 cybercrimes related to sexual exploitation, hate in 3 years: MHA

As per data maintained and published by the National Crime Records Bureau, 21,796 cybercrimes were registered in 2017, 27,248 in 2018 and 44,546 in 2019.”The motives behind cyber crime in the country include personal revenge, fraud, sexual exploitation, inciting hate, spreading piracy, stealing information etc,” Minister of State for Home G Kishan Reddy said in a written reply to a question.

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