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US lawmakers welcome India”s move to increase FDI in insurance sector to 74 %

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life

  Washington: Two influential US lawmakers have applauded the Indian government''s move to increase foreign direct investment in the insurance sector from the existing 49 per cent to 74 per cent, saying it will further deepen bilateral trade and...

Finmin widens scope of ECLGS, includes healthcare sector

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Health, Indian News

  New Delhi: The finance ministry on Friday expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) which will now cover borrowers from the healthcare segment, apart from the 26 sectors identified by the Kamath Committee. Last...

How the Kremlin provides a safe harbor for ransomware

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  BOSTON: A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big...

Customer privacy, data protection non-negotiable: RBI deputy governor

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

  MUMBAI: Reserve Bank deputy governor M Rajeshwar Rao has said that technological innovation in banking is of paramount importance but cannot be pursued at the cost of customer privacy and data protection which are non-negotiable. "We must generate trust...

India daily increase of record 234,692 COVID-19 infections

by AIP Online Bureau | Apr 17, 2021 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Pandemic

  New Delhi: India reported a record daily increase of 234,692 COVID-19 infections over the last 24 hours, health ministry data showed on Saturday. It was the eighth record daily increase in the last nine days. Total cases reached nearly 14.5 million, second only...
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