Vision is for India to evolve as a ‘fintech nation’ with the...
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Eco-Survey: Banks and insurers must avoid mis-selling and address grievances to keep financial system healthy
Commercial banks and insurance companies, even as they aim to...
Insurers face business interruption claims after global tech outage
"Some cyber insurance policies exclude non-malicious events, and...
RMS appoints Karen White as CEO
Karen White is an accomplished and highly capable leader in the technology industry, having served for more than 25 years as an executive and investor. White has significant experience bringing technology, innovation, data and operations together to build and scale businesses.
PNB Fraud: Banks for raising cover against fraud by staff
Punjab National Bank had only bought a basic banker’s indemnity policy, which covers employee fraud, to the extent of Rs 20 million (Rs 2 crore) which would not cover even 0.2 per cent of Rs 11.3 billion (Rs 11,300 crore) fraud done allegedly by Nirav Modi, Mehul Choksi and his associates in connivance with officials of a Mumbai branch.
India ranks 81st in global corruption perception index
“Philippines, India and the Maldives are among the worst regional offenders in this respect. These countries score high for corruption and have fewer press freedoms and higher numbers of journalist deaths,”
Airbus says one third of its Pratt & Whitney-powered A320neo jets have flaw
The European manufacturer has been forced to suspend deliveries of A320neos with Pratt engines, according to IndiGo, the Indian low-cost airline that’s the plane’s biggest customer. The disclosure of new problems with the Pratt engines late last week marks a blow for the A320neo, Airbus’s best-selling plane.
Government admits to Aadhaar’s misuse for committing banking frauds
In both cases surfacing in the Bank of India, the government said fraudulent mapping of Aadhaar numbers was done by business correspondents or staff.
Singapore prepares for terrorist attack
In early 2017, Aon lifted Singapore in the terrorism and political violence category of its annual risk map from negligible to low risk.
India should aim from 50% renewable energy by 2030: Piyush Goyal
“With technological advancements in solar power and large turbines in wind energy, the country should strive for 50 per cent generation capacity from renewable sources by 2030,” Goyal said while addressing the 7th Indian Energy Congress.
Films, rucksacks, cycles, rods: New safety tools for Railways to save lives
Last year, 19 per cent of all train mishaps took place at unmanned level crossings (UMLCs) and in an effort to make the railway staff and passengers more aware about the problem, and how to best deal with it, the Moradabad division of Northern Railway has now made a film.
UIDAI says Aadhaar an identification, not profiling tool
UIDAI recently announced a new concept of “Virtual ID which Aadhaar-card holder can generate from its website and give for various purposes, including SIM verification, instead of sharing the actual 12-digit biometric ID. The Virtual ID, a random 16-digit number, will give the users the option of not sharing their Aadhaar number at the time of authentication.
3,014 commuters killed on Mumbai railway tracks in 2017
The data showed that with 1,534 deaths, the central line, which has some of the busiest stations like Chhatrapati Shivaji Maharaj Terminus (CSMT), Dadar and Byculla, claimed the maximum number of lives.