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Indian News

Financial services space set for disruption over next 10 years: Kamath

Citing the first wave of change brought about in the banking space 20 years ago, Kamath said it changed the sector in a positive way.

“Unless you internalise it’s going to be a digital world…we will see a very quick evolution of this space in the next 10 years. It’s not just bank but entire financial services space is set for disruption, not necessarily a negative way, it can be also in a positive way,” the former president of New Development Bank said.

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Chola MS Risk Services partners with Denxpert EHS&S Software to Launch regulatory software backed by EU

Denxpert Legal is a digital tool for regulatory mapping and assurance in matters pertaining to Environment Health and Safety. This solution will help industries comply with legal regulations at both facility and the corporate level.This program has been supported by the European Union under an innovation program called ‘Innowwide’ that involves a stringent selection process.

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HDFC Bank, SBI, others not adhering to norms on bulk SMSes, says Trai

“As sufficient opportunity has been given to principal entities/ telemarketers to comply with the regulatory requirements and that the consumers cannot be deprived of the benefits of the regulatory provisions any further, therefore it has been decided that from April 1, 2021, any message failing in the scrubbing process due to non-compliance of regulatory requirements will be rejected” by the system, TRAI said in a statement.

TRAI’s norms for commercial messages, based on blockchain technology, aim to curb unsolicited and fraudulent messages.

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Over 500 drones to measure India’s rural assets, end property dispute woes

A big force of drone pilots on the ground to measure the rural land in India stretching from Kanyakumari to Kashmir and Shillong to Somnath, would be deployed by the Survey of India (SOI).

“A hi-tech drone takes around 15 minutes to map an average Indian village. We expect that by March 2024, the ‘drone flying’ in the country would be complete,” said Sunil Kumar, the Union Secretary for the Panchayati Raj Ministry, the nodal agency for implementing the massive land survey scheme.

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