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Eco/Invest/Demography

DoT for Rs 10k fine on every call, SMS by pesky callers after 50 violations

The Department of Telecom (DoT) has proposed to make the norms more stringent by reducing the slabs for levying penalty to Rs 1,000 per violation for 0-10 breaches, Rs 5,000 each for 10-50 violations and Rs 10,000 each for more than 50 violations.
Besides, the DoT’s Digital Intelligence Unit (DIU) will check violations at the device-level as well.

The DIU will send a system generated message to suspected numbers for verification.

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Stock exchanges, other officials liable to face penalties for tech glitches: Sebi

Stock exchanges, clearing corporation and depositories will have to pay in the range of Rs 1 lakh each working day to Rs 2 crore for flouting Standard Operating Procedure while Managing Director (MD) and Chief Technology Officer (CTO) of the MIIs concerned will have to cough up 10 per cent of their respective annual pay.

To avoid technical glitches, Sebi has suggested that MIIs should have Business Continuity Planning, disaster recovery policies and system audit processes in place.

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9 trends to watch as aviation readies for post Covid-19 takeoff

Says Cristina Schoen, Global Head of Aviation Claims at AGCS,”Covid-19 has not been a direct driver of aviation claims over the past year .
As a result of the significant reduction in commercial airline travel during the pandemic we saw fewer attritional claims than we would during a typical year. However, the insurance sector was not immune to larger losses during the course of the pandemic, with different regions seeing tragic accidents, emergency landings and hull losses to name a few. As air travel begins to return to pre-pandemic levels we expect claims volume to rise accordingly”

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When can masks be ditched? UK leader to revamp virus rules

”But I must stress that the pandemic is not over and that cases will continue to rise over the coming weeks. Some doctors have expressed concerns about easing restrictions further as infection rates continue to rise. But there hasn’t been an equivalent increase in COVID-19 hospitalizations or deaths, emboldening ministers who believe that Britain must learn to live with the virus and that the time is right to end the remaining restrictions.” said Boris Johnson, Prime Minister,UK

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Air India flyer seeks Rs 30 lakh damages over data breach of 4.5 million passengers

A legal notice was sent to Air India management on Sunday by Ritika Handoo in which she said that the airline informed her about the breach on June 1, her lawyer said.

Terming the breach as a violation of her “right to be forgotten and informational autonomy”, she sought a compensation of Rs 30 lakh.

Air India’s passenger service system provider SITA faced a sophisticated cyberattack in February this year leading to the leak of personal data of 4.5 million passengers — which included passengers of the national carrier — from across the world, the email sent by the carrier said.

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