Rob Leonardi, Regional Officer, Generali Asia, said: “India has...
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Munich Re promotes Parametric solutions for Cat losses in India
An one day event on ``Disaster Risk Transfer and Financing...
RBI Guv asks banks to have robust systems to curb digital frauds
Sanjay Malhotra,Governor,RBI While dwelling upon IT risk management...
India asks state banks to protect dollar assets on Cairn concern
U.K.-based Cairn Energy can push authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the U.K. earlier this year.
The banks’ decision to avoid adding more dollars to their offshore account has roiled India’s exchange rate in recent days because state-run banks are the usual counterparties who swap rupees into dollars and their absence makes the forward trade more expensive. The one-month USD/INR premium rose to as much as 10% on Tuesday on an annualized basis, from 5.41% on Thursday.
Maharashtra: Major fire in paper mill in Nagpur district
Notably, similar fire incidents had occurred in this mill in the last two years, and Monday’s was the third such incident, sources said.
China directs 33 apps to stop collecting users’ data
The Cyberspace Administration of China (CAC) said in a statement on Saturday that these apps had breached local regulations, primarily, for capturing personal data that were not relevant to their service.
Satellite study finds rising levels of hidden air pollutants in Indian cities
Study co-author Professor William Bloss, also from the University of Birmingham, commented “We were surprised to see the increase in formaldehyde above Delhi, Kanpur and London – a clue that emissions of other volatile organic compounds may be changing, potentially driven by economic development and changes in domestic behaviour. Our results emphasise the need to monitor our air for the unexpected, and the importance of ongoing enforcement of measures for cleaner air.”
Blocking Google class action would deny justice, UK court told
The case has been called “ground-breaking” and “hugely significant” by lawyers, who say it will trigger copycat claims if businesses are not fair or transparent when harvesting and using troves of personal data for commercial gain.
Claims against Facebook, TikTok, YouTube and hotels operator Marriott are among those awaiting the Supreme Court judgment.
EU calls for rethink of GMO rules for gene-edited crops
Gene-editing technology targets specific genes within an organism to promote certain characteristics or curb others, while genetic modification involves transferring a gene from one kind of organism to another.
China orders fintech firms to stick to the rules as clampdown widens
The companies will have to set up financial holding companies if they meet requirements to do so, as Alibaba’s fintech affiliate Ant Group was recently forced to do, a move that tightens capital requirements.
They should also draft “business rectification” plans to comply with regulations, cut “improper” links between their payment tools and other financial products, break “monopolies” in holding data, and prevent risks in internet mutual aid businesses.
No ransomware silver bullet, crooks out of reach
Stricken in the United States alone last year were more than 100 federal, state and municipal agencies, upwards of 500 health care centers, 1,680 educational institutions and untold thousands of businesses, according to the cybersecurity firm Emsisoft. Dollar losses are in the tens of billions. Accurate numbers are elusive. Many victims shun reporting, fearing the reputational blight.
Germany pledges to adjust climate law after court verdict
Germany’s Constitutional Court said Thursday that the government must set clear goals for reducing greenhouse gas emissions after 2030. The verdict was a victory for campaigners, who had argued that the measures put forward so far are insufficient to meet the Paris climate accord’s goal of keeping global warming well below 2 degrees Celsius (3.6 Fahrenheit), ideally no more than 1.5 C (2.7 F) by 2100.
Liberty Mutual puts Australian coal project on hold
“As part of our investment processes, we’ve been evaluating alternatives for our Baralaba investment for some time and will not be submitting an environmental impact assessment for the South Mine at this stage,” a Liberty Mutual spokeswoman said. “We remain committed to collaborating with all stakeholders,” she added in emailed comments.