The bench referred to the Supreme Court’s K S Puttuswamy judgment...
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India’s Carbon Market: Regulations expected in months
"Large Indian corporations are on to this carbon market development...
Cloudburst in Shimla: Malana Hydropower project on Parvati River bursts, 36 missing
No loss of life has been reported in the Kullu and Mandi districts...
India has 19 judges per 10 lakh people: Data
The debate on the judge-population ratio was re-ignited by then Chief Justice of India T S Thakur in April, 2016 when in the presence of the Prime Minister, he had lamented the governments “inaction” in increasing the number of judges from the present 21,000 to 40,000 to handle the “avalanche” of litigations, saying, “You cannot shift the entire burden on the judiciary“.
Government mulls ordinance to fast track settlement of commercial disputes
The bill seeks to help India become a hub for domestic and global arbitration for settling commercial disputes.The draft law provides for a time-bound settlement of disputes as well as accountability of the arbitrator.The government feels that there is a need for robust mechanism to deal with institutional disputes.
Suresh Prabhu orders safety audit of all airlines, airports
Prabhu has directed officials concerned to prepare a comprehensive safety audit plan, which involves assessment of safety parameters of all scheduled airlines, aerodromes, flying training schools and MROs immediately, an official statement said.
Risky Business-Insurers Face Shifting Landscape
While providing cover for risks is the core to the business of insurance, insurers themselves are not immune to risks. In fact, insurers are exposed to a number of financial and non-financial risks. The very nature of their business exposes general insurers to multiple types of risks like insurance risk, asset (market and credit) risk, cyber security and operational risks; which they must deal with an ongoing basis
CBI scrutinises India’s largest law firm Cyril Amarchand in PNB fraud probe
In mid-February, Modi’s aides packed cartons of documents at one of his diamond firm’s offices in Mumbai and sent them to CAM’s office nearby, from where police seized them within a week on Feb. 21, a review of the Central Bureau of Investigation’s (CBI) court filings and witness testimonies showed.
Indian companies get over 5 lakh security alerts daily but 39% go unattended: Cisco
The report found that India witnessed the second highest instances of “legitimate threats” in the Asia-Pacific region (44 percent), behind Australia (65 percent).
Marsh & McLennan to buy UK broker JLT for $5.7 billion
“ The complementary fit between our companies creates a platform to deliver exceptional service to clients and opportunities for our colleagues. ” said Dan Glaser, President and Chief Executive Officer of MMC.
Both the re/insurnace brokers have operations in India in the form of joint ventures. JLT hold 49 per cent in the local venture while Marsh, has stakes of 26 per cent in the Indian company. Marsh is the largest re/insurer broker in India.
Over 60% of insurance experts expect higher cyber-related losses over next 12 months:Willis
Anthony Dagostino, Global Head of Cyber Risk Solutions, Willis Towers Watson said: “The insurance market considers ‘silent cyber’, or cyber-related losses under policies where cyber risk isn’t specifically included, to be a far greater risk than ever before.
Philippines channels India with ID system to get poorest on map
The aim is to replicate the success of India’s biometric ID program, the largest in the world, which has enrolled about 1.2 billion people since its launch in 2009. Known as Aadhaar, or foundation, the ID is used for everything from opening a bank account to registering a marriage.
Govt deactivating identification numbers of 2.1 mn directors over KYC norms
Last year, the ministry had disqualified more than 300,000 persons from holding directorship at registered companies amid the fight against illicit fund flows. These individuals were directors at firms that were not carrying out business activities for a long time.