Under the proposed terms, Infosys McCamish Systems had agreed to...
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Cyber Insurance in India: Premiums, Ransomware and the AI
At this time the Indian cyber premium pool is expanding rapidly —...
India AI Governance Guidelines do not allow unrestricted deployment of high-risk AI systems: Govt
Jitin Prasada,Union Minister of State for Electronics and...
Govt announces to remove angel tax on startups for all classes of investors
While previously the angel tax -- a tax levied on capital received on the sale of shares of a startup above the fair market value -- applied only to local investors, the Budget for the 2023-24 fiscal year (April 2023 to March 2024) widened its ambit to include foreign...
Without backup plans, global IT outages will happen again
“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...
CrowdStrike Crisis: Negotiating ‘Blue Screen of Death’ (BSOD) loop
Clear understanding and documentation of cyber insurance policies are essential to determine coverage in connection with such incidents. Insurers could see that their incident response and claims handling teams are stretched thin given the scale of this incident, as...
All airport operators to conduct third party audit of structural stability of buildings
"All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon every...
Crop insurance to see growth from 2024 onwards, govt tech push to boost sector: Economic Survey 2023-24
"Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5 per cent over the medium term, supported by improvements in insurance infrastructure such as mobile applications and remote sensing for crop loss monitoring," the...
Financial sector outlook appears bright but needs tight vigil on vulnerabilities Eco Survey
"It also needs to provide insurance protection and retirement security to all citizens. The share of insurance and pension fund assets in GDP stands at 19 per cent and 5 per cent, respectively, in India, compared to a high of 52 per cent and 122 per cent in the US and...
Artificial intelligence (AI) taking root in several spheres of Indian economy: Eco Survey
Vision is for India to evolve as a ‘fintech nation’ with the highest number of fintech firms and the highest fintech adoption rate by incumbents fuelled by digital public infrastructure,” the Survey highlighted "An approach should be evolved for common user data, eg...
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 achieve greater market penetration, must keep in mind levels of financial literacy in the country, avoid over lending mis-selling and address grievances, such that the financial cycle stays healthy as long...
‘India staring at infertility crisis may alter population dynamics ‘ says top IVF chain Founder
"This silent epidemic, affecting one in six couples, is rapidly evolving into a national emergency with far-reaching consequences for India's societal structure and economic prospects," Dr Ajay Murdia, Founder and Chairman of Indira IVF, said Hormonal issues,...
Commercial vehicle sales surge amid rapid urbanisation, economic growth in India
According to Nishant Arya, Vice Chairman and Managing Director, JBM Group, the global transportation sector accounts for approximately 24 per cent of direct CO2 emissions from fuel combustion and, therefore, “it becomes our shared responsibility to address this...