In an order passed by two members of the IRDAI- Rajay Kumar...
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Despite Trump order, abandoning DEI could land companies in legal trouble
“When companies are sued by women or people of color and they're...
China guides mutual funds, insurers to invest more in stocks
China will commence the second stage of a trial program for...
RBI eyeing ‘phased introduction’ of digital currency: Deputy Governor
RBI Deputy Governor T Rabi Sankar said the idea of Central Bank Digital Currency (CBDC) is ripe, and many central banks in the world are working towards it.
CAG pulls up Assam govt on pension scheme for families of deceased staff
”Instead of correcting these deficiencies, the state government introduced the Compassionate Family Pension(CFP) scheme which has ‘entitlement features’ and hence is not in keeping with the well laid legal principles, regarding compassionate appointments by the state,” the report said.
Vice prez stresses on importance of enforcing ”polluter pays” principle
“From panchayat to Parliament, all stakeholders must act proactively in protecting the environment,” Vice President M Venkaiah Naidu said.
Highlighting recent disasters such as the flash floods in Himachal Pradesh, landslides in Uttarakhand and heat waves in Canada and the United States, he said these are instances of increasing frequency of extreme weather events due to global warming and climate change.
He stressed on the need to act stringently with violators of pollution laws and consider strict enforcement of the ”polluter pays” principle, the statement said.
FACTBOX-How Big Tech is faring against U.S. lawsuits and probes
The U.S. Justice Department sued Google in October, accusing the $1 trillion company of illegally using its market muscle to hobble rivals. A trial date was set for Sept. 12, 2023. A lawsuit by 38 U.S. states and territories accuses Google of abusing its market power to try to make its search engine as dominant inside cars, TVs and speakers as it is in phones. This was consolidated with the federal lawsuit for purposes of discovery.
Assam private hospitals directed no COVID-19 patient be refused admission for having health insurance
The Health and Family Welfare Department said that it has received reports of some private hospitals refusing admission to COVID-19 patients despite having medical insurance.It referred to an order by the Insurance Regulatory and Development Authority of India (IRDA) in March last year that removed all hurdles in the policies and had directed that the cases should be handled expeditiously.
India bans Mastercard from issuing new cards in data storage row
In a notification, the RBI said Mastercard had not complied with data storage rules from 2018 that require foreign card networks to store Indian payments data “only in India” so the regulator can have “unfettered supervisory access”.
India accounted for highest number of govt requests for account info in Jul-Dec 2020: Twitter
India also ranked second in terms of volume of legal demands for content removal, after Japan, Twitter — which has an estimated 1.75 crore users in India — recently appointed a Resident Grievance Officer, days after it designated a Chief Compliance Officer, and also released its first India Transparency Report on Sunday to comply with the new IT rules.
China tightens control over cybersecurity in data crackdown
Beijing is increasingly sensitive about control over information about its people and economy. Companies are barred from storing data about Chinese customers outside China. Companies including ride-hailing service Didi Global Inc, which recently made its US stock market debut, have been publicly warned to tighten data security.
Under the new rules, anyone in China who finds a vulnerability must tell the government, which will decide what repairs to make. No information can be given to “overseas organisations or individuals” other than the product’s manufacturer.
Bank employees working in sensitive positions to get surprise leaves of at least 10 days
In a communication to lenders, including rural development banks and cooperative banks, the RBI asked them to put in place a ‘mandatory leave’ policy as part of the prudent risk management measure.
During the mandatory leave, the bank employee will not have access to any physical or virtual resources related to the work responsibilities, with the exception of internal/ corporate email which is usually available to all employees for general purposes.
UP Population Bill draft denies government jobs, subsidy If more than 2 children
Listing incentives for public servants who adopt the two-child norm, the draft bill says, “Public servants who adopt the two-child norm will get two additional increments during the entire service, maternity or as the case may be, paternity leave of 12 months, with full salary and allowances and three per cent increase in the employer’s contribution fund under national pension scheme.”