With more than 80% of the world’s imports and exports – around 11...
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Cyber Risks: Frequency of large claims (>€1mn) up 14%, severity increase 17% in H1 2024
Worldwide, the average cost of a data breach reached an all-time...
RBI holds rates, shifts stance to ‘neutral’ signalling rate cuts ahead
Shaktikant Das,Governor,Reserve Bank of India Annual retail...
Global shares reach record highs on trade optimism, festive cheer
The rally in global shares contrasts with a plunge late last year, when the Sino-US trade war had sapped investor confidence. The worries scuttled capital expenditure plans over much of 2019, but strong employment and signs of an improving global economy suggest that will change next year.
Bank frauds rise to record high of ₹1.13 lakh crore in H1FY20: RBI
The Reserve Bank is taking steps to integrate fraud reporting of NBFCs and urban co-operative banks in its central fraud registry database.
PM launches Atal Jal Yojana aimed at improving groundwater level
Under the ABY, gram panchayats that will help preserve water will get more funds to do more good work. Urging the 8,300 sarpanches associated with the ABY, Modi said, “Your success will not only make the scheme successful but will also strengthen the Water Life Mission (WLM)”.
Boeing CEO Muilenburg quits after 737 twin crashes
Muilenburg’s response to the crisis has been increasingly criticized as the MAX grounding has dragged on far longer than initially expected as more disturbing details have dribbled out about the certification of the MAX.
DGCA to inspect GoAir’s A320neo planes’ PW engines, used for over 3000 hrs
As PW engines of IndiGo’s A320neo family aircraft’s have also been facing similar incidents, the Directorate General of Civil Aviation (DGCA) on October 28 ordered it to replace 16 PW engines, which have been used for more than 3000 hours, within 15 days.
Sebi comes out with new mechanism to reward whistleblowers, informants
Under the new framework, it would be mandatory to disclose the source of information, besides, confidentiality regarding the identity of the informant would be protected, the regulator said in a statement.
WhatsApp, Signal cite encryption, privacy to avoid compliance, says govt
On November 28, Naidu had asked Congress MP Ramesh to form a committee comprising lawmakers from across party lines to suggest concrete steps to curb pornography on social media and other Internet platforms saying it is adversely affecting children.
IndiGo may have to replace more engines as govt intensifies scrutiny T
A “more intense boroscopic examination” of engines manufactured by Pratt & Whitney has identified more engines at risk of shutting down in midair, Arun Kumar, the head of India’s Directorate General of Civil Aviation, told Bloomberg News on Sunday. Out of roughly 200 engines in use, IndiGo will now have to replace at least 130. India’s Aviation Minister, Hardeep Singh Puri, had earlier put the figure at 110.
Financial Action Task Force cautions financial institutions on dealings with North Korea
The FATF remains concerned by theNorth Korea’s failure to address the significant deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) regime and the serious threats they pose to the integrity of the international financial system. The FATF urges the DPRK to immediately and meaningfully address its AML/CFT deficiencies.
Boeing to halt production of the risky 737 Max from January
After the two crashes, prosecutors, regulators and two congressional committees are investigating whether Boeing overlooked safety risks and played down the need for pilot training in its effort to design, produce and certify the plane as quickly as possible.