In line with these guidelines, insurers will be able to buy hedges...
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Delhi HC asks probe agencies to exercise caution over blanket freezing of bank accounts
While an investigating agency was fully empowered to conduct an...
El Nino, La Nina forecast: Weather Agencies grapple with prediction challenges
An accurate read on the status of the El Niño-Southern Oscillation...
Astra Covid vaccine linked with small risk of low blood platelets: Study
The increased risk of the condition, known as idiopathic thrombocytopenic purpura (ITP), is estimated to be 11 per million doses, similar to figures seen in vaccines for flu, and measles, mumps, and rubella (MMR), the researchers said.
Meatpacker JBS paid equivalent of $11 mln in ransomware attack
The Wall Street journal reported on Wednesday that the JBS ransom payment was made in bitcoin. The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the attack.
China-based hackers luring Indians into fake malicious Tata Motors scam
“The campaign is pretended to be an offer from Tata Motors but hosted on the third-party domain instead of the official website of Tata Motors which makes it more suspicious,” the research team said in a statement.
UN-backed report finds no G7-based stock exchange indices align with Paris climate goals
Some 64 per cent of all corporate greenhouse gas emission reduction targets disclosed to CDP last year, were set by companies headquartered in G7 countries, and the annual rate of science-based targets doubled in 2020 versus 2015 to 2019.
Emerging risks set to shape a post-COVID-19 world:Swiss Re
COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion
Building inspection for fire safety certificates begins in Delhi
The national capital last year witnessed some major fire incidents which claimed many lives.
On December 8, 2019, 45 people were killed when a massive fire ripped through a four-story building housing illegal manufacturing units in north Delhi’s congested Anaj Mandi area. Almost all the deceased were migrant laborers hailing from Bihar and Uttar Pradesh.
On February 12, 2019, a major fire engulfed a hotel in central Delhi’s congested Karol Bagh area, killing 17 people, including two who jumped off the building in a desperate bid to save themselves. The deceased included three Myanmar nationals, an IRS officer, and two staffers of the hotel.
SBI union, others urge Indian cbank to scrap digital payments plan-letter
In a bid to reduce concentration risks in the payments sector, India’s central bank (RBI) last year invited companies to forge so-called New Umbrella Entities (NUEs) to create a payments network that would rival the country’s flagship processor, the National Payments Council of India (NPCI).
Global crackdown on organised crime after high-tech U.S.-Australia sting
The operation, which was conceived by Australian police and the FBI in 2018, saw officials in the United States take control of the ANOM messaging app, which is popular with organised crime networks.
When an Australian underworld figure began distributing customised phones containing the app to his associates as a secure means to communicate, police could monitor their messages. The gangs believed the system was secure because the phones did not have any other capabilities – no voice or camera functions were loaded – and the app was encrypted.
Global insurance industry faces IFRS 17 costs estimated at $15 to $20 bn:Willis Towers Watson
Kamran Foroughi, Global IFRS 17 Advisory Leader at Willis Towers Watson, said: “This is an extraordinary figure that will naturally lead to many questions from Boards and investors.
“For many, significant improvements will also be required in business processes and finance operations to deliver IFRS 17 efficiently and link with other metrics. With smart investment and the right people, an insurer’s IFRS 17 programme has the potential to help deliver long-term annual savings to show against the daunting up-front costs.”
Twitter seeks more time from government to comply with new IT rules
The rules also require significant social media intermediaries — providing services primarily in the nature of messaging — to enable identification of the “first originator” of the information that undermines the sovereignty of India, the security of the state, or public order.
Under the rules, significant social media intermediaries — those with over 50 lakh users — are required to appoint a grievance officer, a nodal officer and a chief compliance officer. These personnel have to be residents in India.