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Govt adopted pro-poor approach in GST implementation: FM Sitharaman
Nirmala Sitharaman,Finance Minister GST, which was rolled out on...
Permanent deletion of transactions can help make e-rupee anonymous: RBI Governor
“We have leveraged the existing merchant infrastructure on the UPI...
WhatsApp, Signal cite encryption, privacy to avoid compliance, says govt
On November 28, Naidu had asked Congress MP Ramesh to form a committee comprising lawmakers from across party lines to suggest concrete steps to curb pornography on social media and other Internet platforms saying it is adversely affecting children.
IndiGo may have to replace more engines as govt intensifies scrutiny T
A “more intense boroscopic examination” of engines manufactured by Pratt & Whitney has identified more engines at risk of shutting down in midair, Arun Kumar, the head of India’s Directorate General of Civil Aviation, told Bloomberg News on Sunday. Out of roughly 200 engines in use, IndiGo will now have to replace at least 130. India’s Aviation Minister, Hardeep Singh Puri, had earlier put the figure at 110.
ACORD Names Top Ten InsurTech Leaders of 2019
“ACORD’s Top Ten InsurTech Leaders list features visionaries operating throughout the insurance value chain, from large, established incumbents to small startups. For real change to happen, we need long-time industry leaders and new players with fresh perspectives to work together,” said ACORD President and CEO Bill Pieroni.
Google fined $167 million in France amid crackdown on online advertising
The fine is France’s third biggest monopoly abuse penalty since 2009. French regulators are separately investigating Facebook Inc. following a complaint from Criteo. said Isabelle de Silva,president, France’s Autorite de la concurrence, It will also set up a new digital unit to handle internet issues.
Online retail sales meagre in India: WB Report
Small and medium enterprises in the region reported that removing regulatory and logistical challenges to e-commerce would increase their exports, employment, and productivity by as much as 20-30 percent. To overcome these hurdles, the report proposes reforms in areas such as payments, delivery, market access regulations, consumer protection, and data privacy, at the national, regional, and global levels
Is China winning the Insurtech Race
The funding gap between the US and China has become much smaller over the years: Whereas US insurtechs have raised EUR 5.8bn in total in 2018, total funding in China amounts to EUR 4.1bn – more than four times the European figure. The Chinese figure is even more amazing against the backdrop of the size of the Chinese insurtech landscape: Only 7% of the insurtech companies analyzed are located in China, but 55% are in the U.S. and 38% in Europe.
Govt reforms will make India a very competitive, efficient economy: Kant
India has gone digital. That’s the biggest transformation that has taken place.As a result, India has become hugely data-rich, even before it has become rich. This data richness of India has led to over 1,000 startups working in learnings, artificial intelligence and they are doing the kind of disruption that the world has never seen before. Many of them are doing pathbreaking work,” Kant told
Porsche bets rich Indians will pay to show off electric cars
Porsche, which sells 350-450 cars a year in India, is looking for a boost to those figures when it launches its new Cayenne Coupe on Friday, followed by the Taycan by July. It unveiled the latter in China, Germany and Niagara Falls in September, with a starting price outside India of $150,900 and a potential base version costing below $100,000. That underscores the model’s central role in parent Volkswagen AG‘s push to become a leader in battery-powered vehicles.
US agency probes 12th Tesla crash tied to possible Autopilot use.
While autonomous vehicles are an exciting development, the tech is simply not ready to be deployed safely. Congress must act to protect the public from these vehicles until their safety can be assured,” said Senator Richard Blumenthal of Connecticut, who is a member of the Senate’s Committee on Commerce, Science and Transportation.
Shipping industry and insurers face uncertain new fuel risks and rule
To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil extraction will have to either switch to low-sulfur fuel or install exhaust gas cleaning systems from Jan. 1.