Amid a push for making India a hub for international arbitration,...
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Kerala shuts schools and offices to curb deadly Nipah virus
A Reuters investigation in May identified parts of Kerala as among...
China relaxes rules for insurers to invest in stock markets
In addition, the watchdog reduced the risk weighting it assigns to...
High debt isn’t driving Indian farmers to suicide
Second, loans are clearly not the only source of farmer distress. While “indebtedness” has been rising as a cause of farmer suicides since the government began measuring them separately in 2014, the most commonly cited causes of suicide in India historically have been “family problems” or “illness.”
IoT to unlock revenues worth $11.1 billion by 2022: Study
Connectivity will move beyond people to connect billions of devices, vehicles, household appliances and machines, the study said estimating that in a hyper-connected India, the Internet of Things (IoT) has the potential to reach 2 billion connections, and unlock revenues of USD 11.1 billion by 2022.
IT industry to infuse big buck in automation, AI in 2019
One of the biggest developments in 2018 was implementation of the GDPR (General Data Protection Regulation) in the European Union in May. It aims to strengthen and protect data of individuals in the region, while the norms also stipulate heavy penalties for non-compliance by companies.
FPIs infuse Rs 4,000 crore in 3 weeks on strengthening rupee, easing crude prices
FPIs have pulled out over Rs 84,200 crore from the capital markets so far this year. This includes close to Rs 34,000 crore from equities and Rs 50,200 crore from the debt market
Avoid cap on remuneration of independent directors: CII to govt
“Any cap would be regressive to the current mechanism prescribed under the Companies Act, 2013 and the SEBI regulations. Obtaining income details of independent directors would be difficult as directors may not be willing to share the income information. This is so especially in the light of Data Privacy Laws,”
GST Council cuts 3rd party motor insurance rates to12% from 18%
Commercial vehicle owners have been asking for a rate cut as the mandatory tax makes the vehicles expensive. They believe that a reduction in tax rate will also help increase the insurance cover, which at present is only 50 percent of all vehicles
Cryptocurrency industry faces insurance hurdle to mainstream ambitions
“Most institutionally minded crypto firms want to buy proper insurance, and in many cases, getting adequate insurance coverage is a regulatory or legal requirement,” said Henri Arslanian, PwC fintech & crypto leader for Asia.
Govt to infuse Rs 830 bn in PSU banks, yet to decide on recapitalisation of 3 PSU general insurers
Though, the three public sector general insurance companies, United India Insurance,Oriental Insurance Company and National Insurance Company,require capital from the government to achieve the required solvency ratio of 1.5, there has been no response from it so far.Officials from these general insurers point out that these companies together require over Rs 8,000 crore of capital to attain the required solvency ratio
Gujarat best state in providing strong ecosystem for startups: DIPP ranking
A total of 27 states and three union territories participated in the exercise.The ranking framework covers seven areas of intervention and 38 action points, including policy support, incubation centres, seed funding, angel and venture funding and easier regulations.
NITI unveils ‘New India’ strategy paper to achieve $5-trn economy by 2030
The development strategy includes doubling of farmers’ income, boosting ‘Make in India’, upgrading the science, technology and innovation ecosystem, and promoting sunrise sectors like fintech and tourism.