Category:

Risk Management

Govt plans two-day halt in vaccinations for software upgrade to widen campaign

“The countrywide vaccination exercise is being exponentially expanded,” the ministry said in a statement, adding that a new version of its Co-Win digital platform was being rolled out at the weekend.

Co-Win, wrapped into a government mobile telephone app, is being widely used to fix vaccination appointments, allow health authorities to monitor supplies and download proof of immunisation.

read more

Boeing to pay $6.6 million to FAA over safety lapses

The new settlement covers FAA allegations that Boeing managers exerted undue pressure on Boeing workers performing certification duties for the FAA at the company’s South Carolina plant. The FAA also alleged Boeing “failed to follow its quality control processes” and “interfered with an airworthiness inspection of a Boeing 787-9.”

read more

India tightens regulatory grip on Facebook, WhatsApp with new rules

India is the largest market by user numbers for both Facebook and WhatsApp.

The new rules issued by the government, called the Intermediary Guidelines and Digital Media Ethics Code, will be legally enforceable.

They will require big social media companies to set up a grievance redressal mechanism and within three months appoint new executives to coordinate with law enforcement.

read more

Trading on India’s largest stock exchange halted by telecom breakdown

“The NSE outage is unfortunate, especially for this long. Global exchanges should have adequate backups to ensure that even if there is an outage it’s restored fast,” said Sandip Sabharwal, a Mumbai-based fund manager.

“Asian markets saw a significant crash on Wednesday, and at such times, price discovery real-time becomes even more important.”

read more

Indian traders face ‘absolute havoc’ as bourse suffers four-hour outage

At 11:40 a.m., the NSE shut down completely for trading, leaving traders wondering what would happen to their open positions.

The incident occurred just ahead of the monthly derivatives expiry on the last Thursday of the month, when traders close or roll over their open positions.

“This was an unmitigated disaster because you need to communicate this proactively. Not one person in the market knew they would shut down the exchange,” Varun Khandelwal, director at Bullero Capital, a New Delhi-based proprietary trading firm.

read more