Recomputing the compensation under various heads, including future...
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India sees post-Covid dip in highway fatalities as safety measures pay off
According to figures tabled in the Lok Sabha by the Ministry of...
Average cost of data breach in India hits record Rs 25 crore: IBM Report
"India's accelerating AI adoption is creating immense opportunities...
EU moves to ban AI that creates nonconsensual sexual images
While Europe has a number of rules that make it illegal to produce and share sexual material without the subject’s consent, this amendment is the first to specifically target AI platforms. Lawmakers opted to target AI technology besides its users, due to swift...
Govt’s proposal to preload national ID app Aadhaar on phones opposed by smartphone firms
MAIT also wrote to Indian IT ministry official Ravinder Kumar Meena on March 10, opposing the government's request for pre-installation of another app, Sachet, a disaster alert service. While the government maintains that the system is safe and secure, it has faced...
West Asia Crisis: Higher underwriting uncertainty in global terrorism and political violence insurance markets
For insurers and reinsurers, the key issue is not only the probability of attacks but also how losses may accumulate across multiple insurance lines. Terrorism and political violence incidents can trigger claims simultaneously in property, marine, aviation, and...
Govt announces Rs 500 crore RELIEF measures to support exporters amid West Asia conflict
Rajesh Agrawal,Commerce Secretary The scheme focuses on mitigating the sharp rise in logistics costs and insurance premiums for shipments heading to the Gulf and West Asia.The support is divided into three distinct components to address different segments of the...
West Asia Crisis:Govt considers setting up of a Rs 1000 crore Marine Reinsurance Pool and Indian P&I Club as insurance premiums rise for ships
Rajesh Kumar Sinha,Special Secretary, Shipping Ministry Speaking during an inter-ministerial briefing, Special Secretary in the Shipping Ministry Rajesh Kumar Sinha, said,`` We’ve made considerable progress on discussions about a P&I club. A few days ago we raised...
Countries propose safe corridor to free 20,000 seafarers stranded in Gulf
The proposal submitted by Bahrain, Japan, Panama, Singapore and the United Arab Emirates and backed on Wednesday by the United States called for "a framework such as a safe maritime corridor" At least seven merchant sailors have been killed due to the conflict,...
X hit by major global outage; thousands of users affected
On the mobile application, logged-in users found themselves unable to refresh their feeds, with the platform displaying an error message stating, "Cannot retrieve posts at this time. Please try again later." New Delhi:Microblogging platform X on Wednesday faced a...
Govt approves Rs2584 crore for Small Hydro Power Projects with an capacity of 1500 MW
The scheme will support small hydro projects (between 1-25 MW capacity) to come up in different states and will especially benefit hilly and North Eastern states with high potential for such projects. New Delhi: The Union Cabinet chaired by the Prime Minister Narendra...
Hormuz traffic plunges sharply, daily vessel crossings drop to 10 from 135 in Feb: S&P Global Energy
The slowdown has led to severe congestion, with around 850 oil tankers clustered in the region. Daily tanker transits have fallen to just two to three, compared to the usual 60. New Delhi:Daily vessel crossings through the critical Strait of Hormuz have plunged to...
IRDAI meets stakeholders of healthcare industry,forms 5 Working Groups for addressing critical challenges in health insurance
"The collaboration between payers and providers is essential for a sustainable healthcare ecosystem.These Working Groups represent a coordinated effort to put the patient at the centre of our care journey while ensuring operational efficiency and data-backed policy...