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Need to harmonise regulations across regulators to reduce compliance friction:DEA Secy
Given the rapidly evolving landscape, Department of Economic Affairs Secretary Anuradha Thakur(in pic) emphasised the need for continued reforms and sustained focus on areas such as prudent regulation, disclosure and governance standards, gradual and controlled...
Tampering with mobile IMEI non-bailable offence, attracts 3-yr imprisonment, Rs 50 lakh penalty: DoT
"DoT emphasises that these regulations are essential for maintaining telecom cyber security, preventing counterfeiting, facilitating law enforcement, and ensuring proper tax collection. Strict compliance protects India's telecom infrastructure from counterfeit and...
Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik
Ratnakar Patnaik,managing director,LIC, appealed to the government for a review into the three-year-old policy of taxing maturity proceeds for policies with premium of over Rs 5 lakh. "Is it time to upgrade or revise upwards to up to Rs 10 lakh, the maturity proceeds...
Around 1.3 million transformer failures occur in India annually
In a meeting on Distribution Transformer, it has been highlighted that the "national distribution transformer failure rate averages around 10 per cent, amounting to nearly 1.3 million transformer failures annually". New Delhi: Around 1.3 million transformer failures...
DPDP Rules:Centre mulls compressing timeline cites industry’s adherence to global data norms
"So as we go forward once data protection board is put in place and the complete digital framework, which has already been prepared, is rolled out… after that we will have further amendments in rules so that we can compress the timelines," IT Minister Ashwini Vaishnaw...
AI tool in national disease surveillance helped issue over 5 000 alerts to health authorities Data
News reports in print, electronic and online media are scanned by media scanning and verification tool under India's 'Integrated Disease Surveillance Programme' (IDSP) for unusual health events, which are then shared with authorities for further action, if deemed...
Willis appoints Anthony Wong as Head of Casualty in Asia
Willis, a WTW business , today announced the appointment of Anthony Wong as Head of Casualty in Asia, effective immediately.Based in Singapore, Anthony will be part of the Property & Casualty (P&C) business in Asia and reports to Paul Ward, Head of P&C...
One-fourth of Indian firms surveyed report cyber losses PwC report
“…25 per cent of businesses say their most damaging data breach in the past three years cost their organisation at least USD 1 million, with exposure highest among enterprises generating USD 5 billion or more in revenue (45 per cent)'' New Delhi: Nearly a quarter of...
“Competition in the group health insurance segment is intense”
Nilanjan Roy, Head of Group Business, ManipalCigna Health Insurance,in an exclusive interview with Asia Insurance Post, speaks about a few latest trends in the Indian health insurance industry What strategies is ManipalCigna adopting to expand its business, and how...
Maharashtra: Tribunal awards Rs 74 lakh compensation to family of accident victim
The New India Assurance Company contested the claim, arguing that the deceased was partly negligent and that the truck driver lacked a valid licence and vehicle fitness documents. However, the tribunal rejected these claims, noting that the insurer failed to provide...
GIPSA urges govt to notify new wage revision of PSU employees quickly
GIPSA in its communication to the fincial services department yesterday said,`` Unions have given their unanimous in principle agreement to the wage revision offer made to them by GIPSA management and have conveyed that they are eagerly awaiting the Gazette...
Industry must invest in consent, embed data protection, say experts on DPDP Act
According to industry executives and legal experts, the law signals the end of unchecked bulk collection of personal data and ushers in an era where precision, accountability and user rights are central to every digital interaction. New Delhi: The industry must now...
MACT awards Rs 18.32 lakh compensation to kin of man killed in road accident
In its order dated November 10, the tribunal said, "It is well settled law that negligence of the driver in case of road traffic accident is required to be established on the touchstone of preponderance of probability and standard of proof beyond reasonable doubt does...
Maruti Suzuki India is recalling 39,506 units of Grand Vitara
Affected vehicle owners will receive communication from Maruti Suzuki authorised dealer workshops for inspection and replacement of the faulty part, free of cost, the automaker stated. New Delhi: Maruti Suzuki India is recalling 39,506 units of Grand Vitara to replace...
India,China driving air traffic growth in Asia Pacific region: AAPA DG
The Asia Pacific region is projected to require 19,560 new narrow-body and wide-body planes over the next 20 years, majorly driven by demand from India and China, aircraft maker Airbus said on Saturday Bangkok: India and China are driving air traffic growth in the...
Airlines need to be properly rewarded says,IATA chief amid supply chain woes
The global aviation industry has been grappling with supply chain issues, especially after the pandemic, resulting in delayed aircraft deliveries even as airlines are looking to expand their fleets to meet rising passenger traffic demand Bangkok: With supply chain...
Tesla requires suppliers to avoid China-made parts for US cars, WSJ reports
Executives have struggled with fluctuating tariffs in the U.S.-China trade dispute, complicating pricing strategies, the Journal added. Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the United States, the...
World’s first impact bond on weather and climate data opens for contributions
“This Impact Bond will increase internationally shared data five-fold, strengthening the world’s ability to forecast and prepare for extreme weather and climate hazards. Studies show that closing the data gap could generate USD 5 billion in direct annual benefits and...