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World emission cut target will be missed by an overwhelming amount, UN climate chief warns
Total emissions of CO2 into the atmosphere in 2030 will only be...
Updated regulation on curbing spam calls likely by Jan, says Trai chairman
The Trai Chief said series of measures taken over the past months...
Paytm app back on Google store after removal over policy violations
“We don’t allow online casinos or support any unregulated gambling apps that facilitate sports betting,” Google said in a blog post.
“This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes,” said Alphabet Inc’s Google, in the blog post. “It is a violation of our policies.”
Paytm said on Twitter it was working with Google to restore the Andriod app and assured users that their money was safe.
Sebi to empanel securities mkt trainers for investor education initiative
In these programs, topics related to basics of securities markets, rights and responsibilities of investors, understanding the risks and rewards involved while investing in the market, grievance redressal mechanism, among others, are expected to be covered.
Boeing hid design flaws in 737 Max from pilots, regulators: US panel
“The Max crashes were not the result of a singular failure, technical mistake or mismanaged event,” the report by the House Transportation and Infrastructure Committee said.
“They were the horrific culmination of a series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management and grossly insufficient oversight by the” Federal Aviation Administration.
Energy transition to have transformative effect on Mining sector:WTW
Environmental Social Governance forms the key theme of the report, highlighting that the transition to a low carbon economy requires a fundamental reappraisal of mining company climate risk
IRDA to unveil standard Term Policy and covers for MSME and small dwellings soon:Khuntia
The guidelines regarding the standard products for term plans, dwelling and MSMEs will be rolled out soon by the regulator, said Subhash C Khuntia, chairman Irdai, while addressing CIIs 22nd Insurance and Pension Summit on Thursday.
The segment regulator is also looking to introduce the risk-based solvency for the insurance companies in next three years.
The regulator also believes that negative growth seen in the new premiums for insurance industry since March, will improve in the months to come.
GIC Re to manage Rs 75k cr Pandemic Pool,mandatory cover & parametric claim payment:IRDA Panel
Pandemic pool,with public-private-government participation, to cater 4 crore MSME workers,around Rs2000 crores of capacity expected from the industry and a substantial capacity coming from government in the form of backstop. Multiple trigger mechanism will be set separately for an epidemic and a pandemic event.Participation will be mandatory for the sectors which have been covered under the pool. This can be provided as a Standalone Product coverage for the event or as an add-on with the existing products.
“We are now putting the report on the formation of Pandemic Pool for the public feed-back and will soon set up the Pool,” said SC Khuntia, chiarman, IRDAI..
SWIFT announces a new strategy for instant, frictionless payments and securities processing
Mumbai: SWIFT, one of the largest financial messaging systems in the world,today announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a...
RBI chief says India’s recovery not entrenched, will only be gradual
“High frequency indicators of agricultural activity, the purchasing managers index and certain private estimates on unemployment point to some stabilisation of economic activity in the second quarter of the current year,” Das told members of the Federation of Indian Chambers of Commerce & Industry’s national executive committee.
China’s Anbang Insurance Group to apply to disband, liquidate
After the Anbang take-over, China has tightened regulations on the country’s financial holdings companies to defuse risks accumulated by a group of non-financial firms that it says expanded blindly into the financial sector.
On Sunday, the People’s Bank of China (PBOC) issued related new rules, setting requirements on registered capital, total assets, and assets under management on eligible financial holdings firms.
Parliament passes bill to give statutory status to aviation regulators
The Bill also proposes to increase the fine amount for violations of new rules from Rs 10 lakh to Rs 1 crore.