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Sebi issues clarification on cybersecurity norms, offers compliance extensions
The framework is designed to ensure that Sebi-regulated entities...
Ex-cop, PSU staffer among 5 men handed jail term in 2003 bogus insurance claims case
During investigation, it was revealed that public servants entered...
Aviation Ministry grants ICMR conditional permission to use drones for vaccine delivery
The ICMR has been permitted to use drones up to a height of 3,000 metre to deliver vaccines, the ministry’s statement added.
RBI cautions against frauds in the name of KYC updation
The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, like calls, SMSs and emails by customer urging him/her to share certain personal details, account/login details/card information, PIN and OTP or install some unauthorised/unverified application for KYC updation using a link provided in the communication.
Insurers can sell 2 short term Carona covers till March 2022:IRDAI
Earlier,many insurance companies have rolled out these standard health insurance policies since July 2020, which orginally were supposed to remain valid until March 31, 2021, but were allowed to issue the policies till September 30, 2021.
The exemptions granted to insurers for issuance of electronic policies as well as dispensing with physical document and wet signature have been extended upto March 2022.
Jet Airways to resume domestic operations in first quarter of 2022
“Jet Airways 2.0 aims at restarting domestic operations by Q1-2022, and short haul international operations by Q3/Q4 2022,” Murari Lal Jalan, Lead Member of the Jalan Kalrock Consortium and the proposed Non-Executive Chairman of Jet Airways said.
IRDAI asks insurers to come out with new title insurance policies
The main objectives of the ”new Title Insurance products” are to provide cover to promoters/ developers, preferring to opt for a minimum legal defence cost, and end users (allottees, individual buyers and financiers) at the time of possession/handing over of the property unit for protection against any legal suits in future.
Vaccination is the medicine to boost economy: FM
”All our prayers are not for a third wave (of the Covid-19 virus). Suppose, if it occurs, then one has to think about the availability of hospitals, even if there is a hospital, does it have an ICU, and even if there is an ICU, does it have oxygen support? For all these questions, the Ministry announced a scheme allowing hospitals to ramp up the expansion when there was a huge impact in the country caused by the second wave (of Covid-19),” she said.
Pilot”s non-adherence to SOP probable cause for Kozhikode plane crash: AAIB report
The Boeing 737 aircraft (VT AXH), which was operating Dubai-Kozhikode flight, landed half way down the runway before crashing into a gorge. Twenty people, including both the pilots, were killed in the accident.
The investigation report, which was released by AAIB Director General Group Captain Aurobindo Handa on Saturday, concluded that the probable cause of the accident was the pilot’s decision to continue with an unstabilised approach and failure to carry out a “go around” despite calls for the same by the co-pilot.
It has also listed out other factors that contributed to the crash. Low visibility and a faulty windshield viper led to degraded visual cues upon landing. “The pilot in command was taking multiple un-prescribed anti-diabetic drugs that could have probably caused subtle cognitive deficits due to mild hypoglycemia, which probably contributed to errors in complex decision making,” the report noted.
Over 7 lakh Maha farmers call insurance insurers to inform about crop damages due to excessive rain
A total of 2,56,985 calls were received till August 1 from farmers across Maharashtra intimating about extremely heavy rains that led to damage of crops. The number of such calls increased to 4,15,747 by September 1 and reached 5,53,491 on September 9. In last two days, the number of such calls reached over seven lakh,” state agricultural commissionerate’s chief statistical officer Vinaykumar Awate told PTI.
The figures could increase further as the data of calls made during the weekend will be updated in the system on Monday, the official said.
Cabinet may take up amendments to PFRDA Act soon; Bill in Winter session
The amendment Bill may contain provisions on separation of NPS Trust from PFRDA, hike in foreign direct investment (FDI) limit for the pension sector to 74 per cent from the existing 49 per cent, among others, sources said.
PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDT
“Accordingly, loss incurred in any previous year prior to, and including, the previous year of strategic disinvestment shall be carried forward and set off by the erstwhile public sector company,” the CBDT under the Finance Ministry said in a statement