Category:

Eco/Invest/Demography

Banks should invest in building robust IT platforms to prevent Cyber frauds:RBI

Information technology platforms and digital payment systems have provided considerable support for business continuity and smooth functioning during the pandemic. More investment is required by all stakeholders for building robust IT platforms and technologies for operational purposes as well as for fortifying public confidence in digital banking, especially when the financial landscape is rapidly embracing new technologies, said Shaktikant Das, governor, RBI. .

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Some lending apps thrive on India’s Google Play despite policy violations

The rise of smartphones and affordable mobile internet in India has seen a proliferation of hundreds of personal lending apps in recent years. Campaign groups say rapid advances in technology have outpaced authorities and are calling for regulations to be introduced regarding loan tenures and fees.

“There are no clear norms on lending apps in India. Right now they fall in a grey zone,” said Nikhil Pahwa, a digital rights activist and editor of MediaNama, a Delhi-based publication on technology policy.

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China, Vietnam shown there is way of dealing with pandemic even in absence of vaccine: IMF

“I think China, but not only China, but other countries in Asia, look, for example, at Vietnam, have shown that there’s a way of dealing with a pandemic even in the absence of a vaccine, that will allow the economy to get back, at least close to normal operating capacity by learning how to deal with local outbreaks,” Berger told reporters during a conference call.

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Digital health in spotlight as pandemic shifts tech show focus

“One of the big problems is the lack of ability to examine patients remotely,” said Samir Qamar, a family physician and founder of MedWand told AFP.

Companies have been developing remote tools that can be used at home, including stethoscopes, otoscopes, heart and blood pressure monitors, but need to show they are highly accurate in order to gain regulatory approval, Qamar noted.

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Aon launches fuel price insurance product for shipping and aviation industries

Backed by AAA-rated credit insurance, the coverage will be activated if the cost of fuel rises and exceeds an agreed limit. The policy will cover the difference between the agreed price and the higher price, paid out monthly, to help companies manage their fuel cost exposure and avoid significant spikes in market price.

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India’s COVID-19 caseload rises to 1,04,66,595 with 16,311 fresh infections

The number of people who have recuperated from the disease surged to 1,00,92,909, pushing the national COVID-19 recovery rate to 96.43 per cent, while the case fatality rate was recorded at 1.44 per cent

The COVID-19 active caseload remained below three lakh. There are 2,22,526 active coronavirus infections in the country which comprise 2.13 per cent of the total caseload, the data stated

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