Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath...
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India, as fastest growing economy, is ideal investment destination: RBI Governor
Sanjay Malhotra,Governor,Reserve Bank of India . Malhotra...
Airspace curbs: DGCA issues advisory to airlines on passenger handling steps due to longer flights
Airlines have to ensure that all passengers are proactively...
Kangra Cooperative Bank’s account with RBI loses Rs 7.79 crore in cyber fraud case
The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023 Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the...
EU fines Meta $1.3 billion over data transfers to US
The social network giant’s continued data transfers to the US didn’t address “the risks to the fundamental rights and freedoms of people whose data was being transferred across the Atlantic, according to a decision by the Irish Data Protection Commission announced on...
ANALYSIS-Regulators dust off rule books to tackle generative AI like ChatGPT
Regulators aim to apply existing rules covering everything from copyright and data privacy to two key issues: the data fed into models and the content they produce, according to six regulators and experts in the United States and Europe As the race to develop more...
RBI may extend Sept 30 deadline for exchanging Rs 2000 currency notes, ID and form not needed to exchange
On why there was a deadline for exchanging these notes when they are going to continue as legal tender, Shaktikant Das, governor, RBI said that unless a particular time is stipulated, the process won't reach finality as people won't take it seriously. Otherwise it...
4th death, more vision loss cases in US linked to tainted Indian eyedrops
Investigators say most of the patients had used certain brands of eyedrops, and products from EzriCare and Delsam Pharma were recalled in February. At least seven patients were diagnosed after the recall After the recall, US health inspectors visited the plant in...
Centre considering testing drugs at govt laboratories before exporting
"The CDSCO has submitted that some intervention from the government was necessary to stop the low-quality cough syrups from entering the global supply chain from India," an official said New Delhi: Amid quality issues being raised globally for the cough syrups...
Irdai forms task force to facilitate ease of doing KYC using Aadhaar
Rakesh Joshi,member (F&I), Irdai The panel has been asked to suggest measures to ease of onboarding of customers using Aadhaar, and steps for fraud management at underwriting and claims stages It has also to suggest measures for improving the traceability of...
IRDAI reduces solvency from 1.875 to 1.5 for underwriting Surety Bonds
Recognizing the importance of Surety Insurance Bonds, IRDAI had issued ‘IRDAI (Surety Insurance Contracts) Guidelines’ in January 2022 Hyderabad: In a significant measures to develop a Surety Insurance Bonds market in the country, the IRDAI Tuesday has reduced the...
China new financial regulatory body gets a chief
The National Financial Regulatory Administration(NFRA) is a new government body under the State Council tasked with consolidating supervision over the multi-trillion dollar financial industry It will replace the CBIRC and absorb some supervisory functions from the...
Mass event will let hackers test limits of AI technology
Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...