As per the Bill, virtual digital space encompasses any digital...
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Rashmi Saluja ceases to be director of Religare as shareholders refuse her re-appointment
Rashmi Saluja Following the clarification from the RBI received on...
Centre warns telcos of fine up to Rs 10 lakh over failure to curb spam
“To make the complaint process simpler and more effective, it has...
IRDAI promotes S.N. Jayasimhan as CGM
In line with the Telangana High Court's order but with delay, the Insurance Regulatory and Development Authority of India (IRDAI) has promoted S.N. Jayasimhan as the Chief General Manager (CGM). As per the IRDAI order, Jayasimhan has been promoted to the grade of CGM...
RBI imposes Rs 36 lakh fine on Central Bank of India for violating customer protection norms
It revealed non-compliance with the relevant directions to the extent the bank failed to credit (shadow reversal) the amount involved in the unauthorised electronic transaction to the customer's account within 10 working days from the date of notification by the...
EU reaches landmark deal on hate speech, disinformation
The EU's new rules, which are designed to protect internet users and their "fundamental rights online," should make tech companies more accountable for content created by users and amplified by their platforms' algorithms The European Union reached a landmark deal...
U.K. sets gender, ethnicity targets for executives, boards
“As investors pay increasing attention to diversity at the top of the companies they invest in, enhancing transparency at board and executive management level will help hold companies to account and drive further progress,” said Sarah Pritchard, executive director of...
Money Management: Embracing savings apps as inflation hits household finances
Rising outgoings appear to be driving thousands of people to try money management apps for the first time. The digitization of banking services and the easing of regulations have helped spark a boom in fintech (financial technology) worldwide, with users from Brazil...
E-cigs using synthetic nicotine come under FDA oversight
Under a law taking effect Thursday, the Food and Drug Administration can regulate e-cigarettes and similar products that use synthetic nicotine. The action targets Puff Bar and several other vaping companies that recently switched their formulas to laboratory-made...
China warns of NFT-related financial risks
Although NFTs could contribute to China's digital economy, they could also lead to speculative trading, money laundering, and illegal financing, said the trio, who also issued a joint ban on cryptocurrency trading last year NFTs must not be used in the issuance of...
India’s crypto exchanges block deposits via state-backed system, stir alarm
No official data is available on the size of the Indian crypto market, but industry estimates suggest investors number from 15 million to 20 million, with total holdings of about 400 billion Indian rupees ($5.25 billion) Mumbai: Big Indian crypto exchanges CoinSwitch...
Structural safety certificate from project engineer must be made mandatory for buildings, says advisory panel
During the third meeting of the Central Advisory Council (CAC), constituted under the Real Estate (Regulation and Development) Act, 2016, called as RERA , measures to ensure structural safety in high-rise buildings and prevent loss of life as well as property, besides...
RBI to unveil regulations on climate risk and sustainable finance for banking industry
Some regulatory initiatives in the area of climate risk and sustainable finance would also help the REs to better handle climate risk and guide them in the transition period The RBI is planning to set up a committee to examine and review the state of customer service...