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Indian News

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.

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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.

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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.

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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.

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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.

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