Addressing the Parliament, Union Minister of Electronics and...
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China targets Nvidia with antitrust probe, escalates US chip tensions
The statement from the State Administration for Market Regulation...
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
GM on Tuesday said it would get out of robotaxis “given the...
Australian media outlets liable for Facebook comments, court finds
“The acts of the (media companies) in facilitating, encouraging and thereby assisting the posting of comments by the third-party Facebook users rendered them publishers of those comments,” Justice Rothman found.
At the time the comments were published, Facebook did not allow page moderators to turn off comments on posts, however it has changed that.
IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts
While it is understandable that insurers have to share policyholder information with authorities/agencies specified by law or due to operation of law, experts question the need to share the same with IIB.
“Insurers can share the generic data relating to premium, claims — genuine and fraud — and other commercial aspects with IIB so that it can prepare its analytical reports for the industry to use. But why should policyholder information be shared with IIB,” wonders an industry official preferring anonymity.
Insurtech: HDFC Life to identify innovative startups
Encouraged by the success of the last three phases, HDFC Life and IvyCamp announced a fourth phase for the program. In the third phase, Futurance scouted startups across the blockchain applications, virtual reality, non-invasive medical innovation and Insta agent.
Madras HC quashes order increasing speed limit to 120 kmph on highways
The present bench observed that though there was a better engine technology and improved road infrastructure, there was no improvement in compliance of the road safety rules by the motorists.
From the report released by the Ministry of Road Transport and Highways, the number of deaths taking place on roads would prove that more accidents were occurring due to over speeding.
When over speeding was a major cause for road accidents, it is not known as to how the improvement in road infrastructure and engine technology would reduce accidents. In fact, better engine technology would always be a reason for uncontrolled speed and thereby, cause more accidents, the bench said.
Large claims push up Cyber premiums by 39% for all European industries: Marsh
Malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019,according to a report published by Marsh, the world’s largest insurance broker and risk advisor, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm,
Ransomware attacks accounted for 32% of cyber claims in 2020 – more than double that recorded for 2016-2020 (14%). Overall, cyber insurance claims across Continental Europe rose by 8% in 2020.
Aviation Ministry grants ICMR conditional permission to use drones for vaccine delivery
The ICMR has been permitted to use drones up to a height of 3,000 metre to deliver vaccines, the ministry’s statement added.
RBI cautions against frauds in the name of KYC updation
The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation. The usual modus operandi in such cases include receipt of unsolicited communication, like calls, SMSs and emails by customer urging him/her to share certain personal details, account/login details/card information, PIN and OTP or install some unauthorised/unverified application for KYC updation using a link provided in the communication.
India, US agree to collaborate on emerging fuels
”Minister Puri emphasized that the revamped clean energy partnership will intensify the efforts from both sides to take advantage of the complementarities that exist between the US and India – advanced US technologies and rapidly growing India’s energy market, for a win-win situation through a cleaner energy route with low carbon pathways,” said a statement from the oil ministry
Medicine delivery by drones to be piloted in 16 zones in Telangana: Scindia
Launching Medicines from the Sky’ project here, Scindia said the new Drone Policy brought out by the NDA government at the Centre recently eased rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5 and decreasing the types of fee charged from the operator from 72 to 4. Under the Green zone, no permission is needed to fly drones.
CoWIN launches new API: KYC-VS — Know Your Customer’s/Client’s Vaccination Status
To provide proof of vaccination for each of these individuals, Co-WIN is already issuing a digitally verifiable certificate. This certificate can be saved on a digital device (smartphone, tablet, laptop, etc), or stored in Digi Locker from where it can be digitally shared as and when required as proof of vaccination, the ministry said in a statement.
Similarly, at entry points where such certificate is required (e.g., in malls, office complexes, public events, etc), it may be shown in both digital and physical forms.