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Workplace/Employee Benefits
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SC revises compensation to over Rs 60 lakh from Rs 32.46 lakh for accident victim kin
“The aspirations of the young man were shattered by the accident...
US major Everest Re receives license for GIFT-IFSC venture
“Everest’s launch in India presents significant opportunity, as one...
CrowdStrike blames defect in content update for massive IT crash
The incident crashed Microsoft Windows computer systems around the world on Friday, taking down airline, banking and stock exchange operations from Australia and Japan to the UK CrowdStrike Holdings Inc., the cybersecurity company at the center of massive global IT...
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...
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...
Economic Survey highlights urgent need for structured elderly care policies in India
Coupled with insights from a NITI Aayog position paper, the survey pointed out that the elderly care industry in India -- currently valued at USD 7 billion (Rs 57,881 crore) -- faces critical gaps in infrastructure, research and know-how for managing geriatric...
Eco Survey calls for paradigm shift to counter rising mental health and obesity issues among Indians
Mental health drags down productivity more widely in the ecosystem than individuals' physical health issues, it noted. Quoting the National Mental Health Survey (NMHS) 2015-16 data, the survey said 10.6 per cent of adults suffered from mental disorders in India while...
India’s financial sector is sound and resilient: RBI Governor
In terms of market dynamics, the financial landscape in India is undergoing a structural transformation, driven by factors like innovations in technology, financial deepening, and changing savings and investment patterns. Each of these shifts has a bearing on how...
Microsoft outage: CrowdStrike explains what exactly went wrong
George Kurtz, CrowdStrike's CEO, said in a post on X that CrowdStrike had deployed a fix for the issue. "This is not a security incident or cyberattack," he wrote. However, it is not clear how easily the affected systems can be fixed remotely, as the "Blue Screen of...
‘No work-no pay’ not for employees reinstated after full exoneration: HC
"It is apparent that on his reinstatement after the order of dismissal or removal is set aside, a government servant cannot be denied his entire pay and allowances for the period he was out of service," the court said on Tuesday, allowing the petition...
Airline systems across airports working normally: Minister
Airports across the country witnessed chaotic scenes after the online passenger booking, reservation and boarding systems turned to manual mode due to the outage, resulting in higher passenger handling processing time and consequently hundreds of flights were delayed...
Gross Direct Premium Income (GDPI) of the Company stood at ₹ 76.88 billion inQ1 FY2025 compared to ₹ 63.87 billion in Q1 FY2024, a growth of 20.4%, whichwas higher than the industry growth of 13.3%. Excluding crop and mass health,GDPI growth of the Company was at...