On November 3, the top court said it needs to deal with digital...
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RBI governor releases five-year national financial inclusion strategy
Sanjay Malhotra,,Governor,Reserve Bank of India The 'National...
Elon Musk predicts working will become “Optional” like a hobby within 20 years as AI advances rapidly
Musk explained that with accelerating progress in AI and robotics,...
Global accounting body wants more rigour in showing climate impacts
Investors have said they want to know whether assets will retain their value going forward as climate change impairs them, such as through flood damage London: The IASB launched a consultation on Wednesday on proposed guidance for companies to apply the board’s...
Meta to pay $1.4 billion to settle Texas facial recognition data lawsuit
The lawsuit, filed in 2022, was the first major case to be brought under Texas’ 2009 biometric privacy law, according to law firms tracking the litigation. A provision of the law provides damages of up to $25,000 per violation. Texas accused Facebook of capturing...
Global Nat Cat insured losses at $ 62bn in H1 24, significantly higher than 10-yr average of $ 37bn, Munich Re report
Thomas Blunck,Member of the Board of Management, Munich Re said,”Weather-related natural disasters, especially in North America, are prominent once again in the loss statistics for the first half-year. In addition, there has been flooding in regions where it is...
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
Sanjay Malhotra,Revenue Secretary, Ministry of Finance Currently, the country has two personal income tax regimes. In the old income tax regime, the tax rates are higher but taxpayers can claim exemptions and deductions which is a relatively more complicated process....
Bill introduced in LS to replace 90-year-old Aircraft Act
The bill includes provisions to regulate the design and manufacturing of aircraft, supporting the Atmanirbhar Bharat initiative for self-reliance New Delhi: A bill was introduced in the Lok Sabha on Wednesday to overhaul India's civil aviation regulations by replacing...
Gadkari urges FM to withdraw 18 pc GST on life and medical insurance premiums
"The 18 per cent GST on medical insurance premiums is proving to be a deterrent for the growth of this segment of business which is socially necessary."Union Minister of Road Transport and Highways Nitin Gadkari New Delhi: Union Minister of Road Transport and Highways...
Companies ‘Paralyzed’ as Australia plans tough climate rules
Authorities estimate the average cost of compliance to be A$1 million ($655,550) but some large organizations calculate the total is likely to be above A$3 million, said Jillian Button, head of climate change at law firm Allens Australia’s plans to introduce stringent...
Global aviation insurance premium to hit a 20-year high of more than $8bn in 2024, says Allianz
Analysis of more than 32,000 industry claims from 2019 - 2024 with a total value of US$15bn (€14bn) shows that collision or crash incidents (63%) and faulty workmanship or defective products (22%) are accountable for 85% of the value. Other incidents like natural...
No data to establish correlation of death exclusively due to air pollution, govt tells Rajya Sabha
“There are no conclusive data available in the country to establish direct correlation of death/disease exclusively due to air pollution. However, air pollution could be one of the triggering factors for respiratory ailments and associated diseases,” Mahesh Sharma...
CrowdStrike: Delta Air to seek compensation over IT outage
The cyber outage led to more than 2,200 flight cancellations on July 19 and Delta has canceled over 6,000 flights so far since then.CrowdStrike's "Falcon Sensor" software had caused Microsoft Windows to crash and display a blue screen, known informally as the "Blue...