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Here is a masonry blog layout with no sidebarRBI recommends strict data protection in digital lending
The committee recommended that data collection should happen only with prior and explicit consent of the borrowers. "The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging...
Majority of insurance buyers prefer physical copies of policy document: Survey
Most companies still ask for the original paper document while processing the claim. The insurance regulator must consider restoring section 4 and mandating issuing physical copies of the policy document at the earliest in the interest of buyers, it said. As per...
position India as market leader in cybersecurity, says Ashwini Vaishnaw
IT Minister Ashwini Vaishnav The minister noted that technology had ushered a clear convergence of computing, communication and sensors, with a reduction in cost, and a phenomenal increase in capabilities and complexities. "All three have combined together…we have a...
India needs $10.1 trn investments for net zero emissions by 2070: CEEW
Majority of the investments would be needed to transform India's power sector. Such investments totaling $8.4 trillion would be required to significantly scale up generation from renewable energy and associated integration, distribution and transmission...
Only 1.2% of world’s top firms make substantial climate disclosures-Arabesque
Health and technology services companies were the worst offenders, with more than 70% making no disclosures, Arabesque’s analysis showed, while energy companies were among those giving the most information. Little more than one percent of 5,000 big companies globally...
India, with less than $2k per capita income, showed it’s possible to transform public health: Jaishankar
External Affairs Minister S Jaishankar "We had a transformation in the health sector and we have shown by a combination of digital tools and greater production capacity that it is possible for a country which has a per capita income of less than USD 2,000 to reach out...
Swiss Re PARTNERS Baidu for risk expertise and insurance innovation in autonomous driving
Andrea Keller, Head of Automotive & Mobility Solutions at Swiss Re, said: “Together with our partner Baidu, we analyse how automated cars perceive their surroundings and how they process that information and respond to it. Our goal is to understand how such...
Govt has brought more farmers under Fasal Bima Yojana: PM Modi
Prime Minister Narendra Modi Announcing the repeal of three controversial fam laws, Prime Minister Narendra Modi said his government strengthened Fasal Bima Yojana and brought more farmers under it Small farmers brought under insurance, direct benefit transfer among...
Zurich Insurance stops underwriting new greenfield oil exploration projects
The pledges come after banks, insurers and investors with $130 trillion at their disposal vowed at the U.N.’s COP26 climate conference in Scotland this month to put combating climate change at the center of their work. Zurich Insurance Group will no longer underwrite...
Global reinsurers remain bullish on Asian markets
With Asia leading the charge, the future of the global (re)insurance industry to be robust, driven by a rapidly changing risk landscape that includes socioeconomic and behavioural changes on top of climate change Singapore: The global reinsurance industry has remained...
RBI may launch digital currency pilot next year
MUMBAI: The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India's Banking and Economic Conclave as reported by a local newspaper. "I think...
SC asks general insurers to develop an app for expediting MACT claim payments
If the GI Council and other insurance companies fail to develop the app within two months, the Central government will be called upon to do so,said the SC New Delhi: In a significant development, the Supreme Court has issued a slew of orders in bid to...
‘Most Important Ingredient of Sexual Assault Is Sexual Intent, Not Skin-to-Skin Contact’: SC
The most important ingredient for constituting the offence of sexual assault is sexual intent and not skin-to-skin contact with the child. Construction of a rule should give effect to the rule rather than destroying it. Any narrow interpretation of the provision which...
Global marine insurance premiums rise 6.1% to reach $30 billion in 2020
IUMI Stats contains analysis from its major claims database which now comprises 9000 claims records amounting to $14Bn of major losses. Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30 billion, demonstrating real global market...
Modi urges global cooperation to make cryptocurrencies safe
Prime Minister Narendra Modi . Prime Minister Narendra Modi India's digital currency market was worth $6.6 billion in May 2021, compared with $923 million in April 2020, according to blockchain data platform Chainalysis. MUMBAI: Indian Prime Minister Narendra Modi...
India’s Paytm crashes in market debut, business model questioned
Paytm, backed by China's Ant Group and Japan's SoftBank and Berkshire Hathway, grew rapidly after Uber listed it as a quick payment option in India and has expanded into a plethora of services - insurance and gold sales, movie and flight ticketing, bank deposits and...
Number of people fully vaccinated against COVID-19 surpasses those partially vaccinated
Union Health Minister Mansukh Mandaviya Eligible people across India with a special focus on districts where less than 50 per cent of the eligible population has been vaccinated, the statement said New Delhi: The number of fully vaccinated individuals against COVID-19...
Apex Group secures GIFT City license
Brmuda based Apex Group,a global financial services provider, today announces that it is one of the first global fund administrators to receive regulatory approval to operate in India’s Gujarat International Finance Tec-City (“GIFT City”) International Financial...