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BSE puts in place penalty structure for non-submission of cyber security report

Non-submission of the report after three months will attract disablement of trading terminals across segments after giving two weeks’ notice, the exchange said.

BSE, further, said “disablement notice issued to the member would be shared with all the exchanges for information” and member will be enabled only after submission of the report.

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Coronavirus Pandemic:Cases rise to 31787 ,death toll at 1008

Highlighting India’s approach in combating COVID-19,Union Health Minister Dr Harsh Vardhan said,“This time the hallmark of our approach has been fivefold: Maintaining a continuous situation awareness; Pre-emptive and proactive approach; Graded response as per continuously evolving scenario; Inter-sectoral coordination at all levels; and lastly, but most importantly creating a people’s movement to combat this disease.

The home ministry in a tweet has communicated that new guidelines to fight the coronavirus pandemic shall come into effect from May 4. The guidelines will give considerable relaxations to districts that have done well to combat the virus so far.

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In an all-cash deal,Axis Bank to acquire 29% of Max Life Insurance

 Deal marks coming together of 3rd largest private bank and 4th largest private life insurer
 Strategic transaction to strengthen the franchise and bring long term orientation to the
relationship
 Axis Bank to own 30% stake in Max Life post transaction closure
 Max Life to include Axis Bank logo in its brand tag line to demonstrate the close knit partnership

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Moody’s slashes India growth forecast to 0.2% for 2020

“India extended a nationwide lockdown to 40 days from 21 days, but relaxed restrictions in rural areas to facilitate agricultural harvesting in the second half of April. The country has determined that many of these areas are free of the virus. India also plans a phased opening of different regions while continuing to carry out identification and contract tracing, Moody’s said.

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U.S. Supreme Court rules for insurers over $12 billion Obamacare claims

Health insurers turned to federal courts to obtain the payments. The U.S. Court of Appeals for the Federal Circuit ruled in 2018 that Congress effectively repealed its obligation to pay the insurers, prompting the insurers to appeal to the Supreme Court.
The law, dubbed Obamacare, has enabled millions of Americans who previously had no medical coverage to obtain insurance, including those with pre-existing medical conditions.Unlike other court cases involving Obamacare, this dispute concerned only payments to insurers and did not directly challenge the law itself.

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