S. Vatsa, one of the three members of the National Disaster...
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Risk Management
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SC forms panel to mull over safety of medical professionals
“We are deeply concerned that there is a virtual absence of safe...
Government, Banks, regulators and security agencies need to collaborate to check cyber security for banking industry
L to R- Vivek Joshi, secretary, Department of Financial Services,...
EU’s landmark Data Privacy Law, GDPR, already providing Global Standard
The new regulation has forced global companies to reconsider their own rules, inspiring territories from Brazil to China and India to California to develop their own privacy and security regulations based on a de facto GDPR benchmark.
Johnson & Johnson hit with $25 million Talc Verdict
Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J&J’s Baby Powder or its other talc product, Shower to Shower.
Boeing sued by French Widow in U.S. for $276 million over Ethiopian Crash
It is unclear when the 737 MAX aircraft will receive FAA approval to return to service. Safety regulators in other countries have said they plan to independently assess Boeing’s fixes before giving their approval.
U.S. Post Office testing Driverless Trucks between 2 cities
The Postal Service spends more than $4 billion per year on highway trucking services through outside contractors. Those costs have been rising due to a national shortage of drivers. Self-driving trucks could save hundreds of millions by eliminating human drivers and the hours-of-service rules that keep them from driving round the clock.
RBI to create a specialised supervisory and regulatory cadre to monitor banks and NBFCs
The reason behind a potential overhaul of the RBI supervisory structure are expected to the non-bank finance crisis, failures of credit rating agencies to flag risks, divergence in asset quality by big banks and alleged lapses on the part of auditors
India’s drug regulator warns patients against faulty Medtronic pacemakers
Medtronic reported that healthcare providers were unable to communicate with the device due to battery depletion resulting in loss of pacemaker function. It also reported these events occurred in the US within one year after the patient was implanted with the pacemaker or CRT-P.
Ashok Leyland ready to ride on Elon Musk’s India dream
According to Venkatesh Natarajan, Senior Vice President and Chief Digital Officer, Ashok Leyland, the company is open to Musk for a partnership to finally let Indians experience his path-breaking autonomous Tesla electric cars.
Airlines urge Nations’ Regulators to avoid competing Safety Rules
The head of the International Air Transport Association (IATA), representing 290 airlines or more than 80 percent of world traffic, backed the existing process that usually involves one host regulator lead certification for each type of new aircraft, in exchange for reciprocal agreements with other agencies across the world.Airlines want to “avoid each model being certified 1,000 times” but focus instead on a single lead regulator, Alexandre de Juniac told a meeting of aerospace executives in Paris.
Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt
The FTC has been investigating allegations that Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The probe has focused on whether the sharing of data and other disputes violated the 2011 consent agreement.
London marine insurers widen Middle East threat zone after ship attacks
The Joint War Committee, made up of syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, normally meets every quarter to review areas it considers high risk for merchant vessels and prone to war, terrorism, piracy and related perils.