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Big Tech’s push into India’s financial sector raises concerns, says central bank

The RBI said concerns included operational risks, too-big-to fail issues, challenges for antitrust rules, cybersecurity and data privacy. But it added that positive outcomes could include efficiency gains and more access to financial services.
The central bank’s warnings come at a time of much tension between the Indian government and U.S. tech giants over issues that range from e-commerce rules to data privacy and content posted on their platforms. Amazon, Facebook, Facebook-owned WhatsApp and Twitter have all been caught up in disputes with New Delhi.

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Delhi’s cloud-based health project likely to be out by March next year: CM

Under one of the most ambitious health projects of the Delhi government, health cards will be issued in the names of all the residents of Delhi, for which special surveys will be conducted by the government. This will ensure the availability of the benefits of the government healthcare services to every resident of Delhi. Post the issuing, the e-health card will be integrated with the HIMS.

The system seeks to target the healthcare delivery process. All the patient care services, hospital administration, budgeting and planning, supply chain management, and backend services and processes will be brought under the system.

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Data, demographic dividend present huge opportunity; this decade to be ‘India’s techade’: PM

He cited an example of how Digilocker has helped millions of people especially during the pandemic by providing a digital storage facility for school certificates, medical documents and other important certificates.
Modi highlighted that 2.5 lakh CSCs had helped take the Internet to remote areas. Under Bharat Net scheme, work is underway on a mission mode to bring broadband internet to the villages.

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Jeff Bezos picks female aerospace pioneer to launch with him

At age 82, Funk will become the oldest person to launch into space. She’ll beat the late John Glenn, who set a record at age 77 when flying aboard space shuttle Discovery in 1998.“No one has waited longer,” Bezos said via Instagram. “It’s time. Welcome to the crew, Wally. We’re excited to have you fly with us on July 20th as our honored guest.”

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Cryptocurrency-related cyberattacks grew by 192%: Report

“The digital format of cryptocurrencies make them decentralised in nature and without any regulations, they have become the currency of choice for cybercriminals,” Murali Urs, Country Manager, Barracuda Networks-India, said in a statement.

In 2019, ransom demands ranged from a few thousand dollars to $2 million at the top end. By mid-2021 most demands were in the millions, with a significant number over $20 million.

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Swiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance

Andreas Schertzinger, CEO of iptiQ EMEA P&C, says: “With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters. Thanks to the seamless integration of our product into ImmoScout24’s digital ecosystem, customers can insure themselves against the risk of rent-related losses directly online and throughout the rental process.”

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