S Krishnan,Secretary,Ministry of Electronics and Information...
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Houthi leader vows to continue maritime attacks, calls Indian Ocean ‘new theatre of confrontation’
Al-Houthi also claimed that his group had attacked 102 vessels...
6th Bima Manthan: Panda and insurance CEOs brainstorm on Bima Trinity, new products and data
Debasish Panda,chairman,IRDAI The industry's preparedness for...
Questionable testing may be the reason India’s Covid-19 numbers are down
The result is that India’s Covid-19 cases are likely much higher than the national numbers. Health experts fear new infection waves as the country gathers to celebrate a season of weddings and Hindu festivals amid a smoggy winter in the densely populated north.
Aon develops $70mn in alternative capital capacity to transfer systemic cyber risk
The cover allows for limits of up to USD 70 million and will protect against increasing cyber loss aggregations on re/insurers’ balance sheets. The product is structured to protect the cedent from the effects of catastrophic cyber market losses stemming from events such as self-propagating malware or wiperware, distributed denial of service, a significant cloud outage or certificate revocation.
MPs to buttress post-Brexit Britain as a financial centre
Britain left the EU last January and full access to the bloc under transition arrangements ends on Dec. 31, with 7,500 jobs and assets worth around a trillion pounds having already left the City of London for new EU financial hubs.
The inquiry will build on reforms already outlined by Britain’s finance minister Rishi Sunak last week that include making UK listings rules more attractive, amending insurance capital rules, and a sales tax break worth 800 million pounds on financial exports to the EU.
India could get access to AstraZeneca vaccine by January, local manufacturer says
The vaccine would be priced between $5-$6 in the retail market, but the Indian government would get it for much less, because they would buy it bulk, Adar Poonawaala, the chief executive of the SIIs aid.
Marriage between first cousins illegal, states Punjab and Hry HC
“Hence the petitioner has concealed the fact in the petition that they fall in the prohibited ‘sapinda’ (which prohibits marriage between two individuals if they have common ancestor) under the Hindu Marriage Act and cannot perform marriage with each other,” the state counsel argued.
Govt approves swap of Mitsui Sumitomo’s Max Life stake with Max Financial Services
The transaction entails swapping by MSI of 20.6% stake that it holds in Max Life with a 21.9% stake in MFSL This will result in MFSL’s stake in Max Life increasing to 93.10%.
Commenting on the development, Mohit Talwar, MD, Max Financial and Vice Chairman, Max Group, said, “Once concluded post regulatory approvals, this transaction will mark an important step for Max Financial to consolidate its shareholding in Max Life paving the way for a new beginning in form of a joint venture with Axis Bank.”
Nobel scientists urge face mask rethink as Sweden’s COVID cases climb
Sweden’s soft-touch pandemic response has focused mostly on voluntary social distancing and the Public Health Agency has cast doubt on the effectiveness of face masks, which are mandatory in many public places in Europe.
However, a report on Thursday by the Royal Academy of Sciences said that face masks could play a role in reducing infection, particularly in enclosed spaces.
India’s economy may continue to face Covid-19 aftershocks till 2025: Report
Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for South Asia and South-East Asia, wrote in the report. She projects potential growth for India at 4.5% over the next five years, lower than 6.5% before the virus.
Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva
While fiscal spending of nearly $12 trillion and monetary policies had averted even worse outcomes, poverty and inequality were increasing, and more support was needed, the IMF said.
New outbreaks and more stringent mobility restrictions, and delays in vaccine development and distribution could reduce growth, increase public debt and worsen economic scarring.
Canada names China, Russia as main cyber-crime threats; sees risk to power supply
“We certainly have a long history of noting behavior from China that isn’t in accordance with what our expectations are,” Scott Jones, head of cyber security at CSE, told reporters.