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Technology

German ‘insurtech’ Wefox plans risk-prevention product

Using data from mobile phones or digital smart homes will make it possible to warn of looming danger, for example, to drivers from poor road conditions, or from leaving a window open at home when a storm is looming.

The risk prevention product will not crunch personal data to price Wefox’s products – a common complaint among younger drivers who often have to agree to digital surveillance to get an affordable insurance deal.

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Delhi govt directs malls, hotels, offices, restaurants to make space for electric vehicles with EV chargers

“Our vision is that by 2024, 25 per cent of new vehicles must be electric. Approximately Rs 30,000 subsidies are to be given for 2/3-wheelers while Rs 1.5 lakh for 4-wheelers. We are starting the ‘Switch Delhi’ campaign today to make people aware of clean vehicles,” Delhi Chief Minister Arvind Kejriwal Kejriwal.

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Uber, Lyft team up on database to expose abusive drivers

To protect privacy, no passenger information will be shared in the database and the incidents that resulted in a driver’s dismissal will be listed in six broad categories: attempted non-consensual sexual penetration; non-consensual touching of a sexual body part; non-consensual kissing of a sexual body part; non-consensual kissing of a non-sexual body part; non-consensual sexual penetration; and fatal physical assaults.

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China harvesting 20% of world’s data including from India

“If the CCP (Chinese Communist Party) has access to 20 per cent of the data going through the world’s VPNs generally, they should be expected to be using that data for a massive global spying operation that could translate into winning wars, shifting global power, and aiding the rise of an empire,” the expert warned.In India, approximately 129 million people use VPN to access the internet and we do not know how many of those now have data that has been compromised.

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84% of Indians prefer firms that protect personal data

The survey results come at a time when there is no comprehensive data privacy law in place in the country and India is rapidly going digital.

While a majority (78 per cent) of Indian consumers broadly know how many organisations use, store or have access to their personal data (e.g. email address, contact number, bank details etc.), 22 per cent still “don’t have a clue” about it.

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India’s EV financing industry projected to be worth Rs 3.7 trillion in 2030:NITI Aayog Report

The 10 solutions recommended in the report include financial instruments such as priority-sector lending and interest-rate subvention. Others are related to creating better partnerships between OEMs and financial institutions by providing product guarantees and warranties. Furthermore, a developed and formal secondary market can improve the resale value of EVs and improve their bankability. “The identified barriers within EV finance need to be tackled in structured manner with innovative financing models,” said Randheer Singh, Senior Specialist at NITI Aayog.

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Delhi Govt to provide scrapping incentives under Delhi EV Policy: Gadkari

The Delhi Government order issued on February 25, 2021 in this regard mandates conversion of all vehicles owned/leased by the Government of NCT of Delhi to transition to electric by Aug 6, 2021, the minister said. ”Under the Delhi EV Policy, 2020 —scrapping incentive is provided for the vehicles in lieu of scrapping a more polluting conventional vehicle.

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