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US, Britain, other countries ink agreement to make AI ‘secure by design’
The agreement is non-binding and carries mostly general...
Govt disconnects 70 lakh mobile involved in financial frauds: DFS Secretary
Vivek Joshi, Secretary, Department of Financial Services About Rs...
Merger process major challenge for PSBs in near future: SBI Chairman
“One of the challenges before public sector banks in the near future is the merger of the bank…IT merger needs to be handled very carefully,” Kumar said at an event organised by Indian Banks’ Association.
China’s Coronavirus deaths, infections rise; supply chains, production,travel disrupted
In China, cities have been shut off, flights canceled and factories closed, shutting supply lines crucial to the world economy. Companies including Hyundai Motor, Tesla , Ford, PSA Peugeot Citroen, Nissan , Airbus, Adidas and Foxconn are taking hits.
Nissan Autonomous Car completes 230-mile journey in Britain
But it remains unclear when fully self-driving cars will hit the streets for general public use, with questions remaining about the regulations in place and affordability of the technology.
Britain’s insurance sector urged to compete by selectively diverging from EU Rules
The financial services sector is Britain’s biggest tax contributor, generating 75.5 billion pounds ($98 billion) annually in tax.
China virus toll nears 500,to affect Chinese insurers’ earnings
While the claim expenses associated with the outbreak remain uncertain, medical costs for future treatments may burden insurers. As of 3 February 2020, the Ministry of Finance and local governments have planned to allocate total funding of CNY47bn ($6.7bn) to assume responsibility of medical-related costs.
US working closely with China to combat coronavirus outbreak: Trump
Worldwide, the virus, so far, has spread to Thailand, Singapore, Japan, South Korea, Australia, Malaysia, Taiwan, Vietnam, Macau, India, Philippines, Nepal, Sri Lanka, Cambodia, United States, Canada, Germany, France, Britain, Italy, Russia, Finland, Spain, UAE and Sweden.
Coronavirus impact: Surat diamond hub stares at Rs 8,000 crore loss
Surat: The Surat diamond industry is likely to face a loss of around Rs 8,000 crore in next two months as Hong Kong, which is a major export destination, has declared a state of emergency due to the coronavirus outbreak in China, say experts. Hong Kong...
Cabinet okays changes to bank laws to avoid repeat of PMC Bank-like crises
There are 1,540 cooperative banks with depositor base of 86 million having total savings of about Rs 5 trillion.
Released Rs 3,520 cr in last two years to states under AB-PMJAY:Health Minister
“Two big states (Punjab & Rajasthan) have joined AB-PMJAY only in late 2019. Large states (UP, MP and Bihar) which account for 30 per cent of the beneficiary population are implementing the scheme for the first time and hence, their demand is still picking up,” he said, explaining the reasons for the slow utilization of funds.
Few states debar 4 insurers from PMFBY due to complaints: Govt
The Centre on Tuesday told Parliament that some state governments like Rajasthan, Karnataka and Gujarat have debarred four insurance firms — SBI General Insurance, Tata AIG, Shriram General Insurance and UIIC — from participating in tender of the Pradhan Mantri Fasal Bhima Yojana (PMFBY) for one or more seasons. Some state governments have also slapped interest penalty on the Agriculture Insurance Company of India (AIC Ltd),Cholamandalam-MS General Insurance Company, ICICI-Lombard General Insurance Company, New India Assurance Company and SBI General Insurance Company, it said in the Lok Sabha.