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India tells Twitter to comply with order to block accounts – sources
Twitter blocked dozens of accounts in India on Monday after the country’s Home Affairs Ministry complained that users were posting content aimed at inciting violence, a government had previously told Reuters.
But it later unblocked some of these accounts, prompting New Delhi to write to the U.S. social media giant demanding that it obey the government order, the technology ministry sources, who declined to be named as the notice to Twitter was not public, told Reuters.
LIC IPO may hit market in Q4 of next fiscal: DEA Secretary Tarun Bajaj
New Delhi: The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj...
93,000 cybercrimes related to sexual exploitation, hate in 3 years: MHA
As per data maintained and published by the National Crime Records Bureau, 21,796 cybercrimes were registered in 2017, 27,248 in 2018 and 44,546 in 2019.”The motives behind cyber crime in the country include personal revenge, fraud, sexual exploitation, inciting hate, spreading piracy, stealing information etc,” Minister of State for Home G Kishan Reddy said in a written reply to a question.
RBI appoints firm to audit HDFC Bank’s IT infra in view of service outages
“RBI has issued an order dated December 2, 2020, to HDFC Bank Ltd with regard to certain incidents of outages in the internet banking/ mobile banking/ payment utilities of the bank over the past two years, including the recent outages in the bank’s internet banking and payment system on November 21, 2020, due to a power failure in the primary data centre,” HDFC Bank had said in a regulatory filing.
India’s more relaxed rules on investment in insurers set to attract U.S., European players
A lawyer said several insurers from Asia have also shown interest in ramping up Indian investments, and started seeking more details about Monday’s proposal hours after it was announced.
In a statement to Reuters, lobby group U.S.-India Business Council (USIBC), part of the U.S. Chamber of Commerce, said New Delhi’s decision will help American insurance companies enhance financial inclusion in India.
Insurer AIG pays $12 million fine in NY pension transfer probe
An AIG life insurance unit, American General Life Insurance Company, entered into four large-scale deals involving such plans and bid on several others between January 2014 and June 2019 without being licensed in New York, the regulator said.
AIG will also transfer the handling of such transactions to a New York-based subsidiary, the regulator added.
Aviva investors threatens to ditch top carbon emitters over climate inaction
Among the actions Aviva said it expects of the companies are that they commit to net zero carbon emissions by 2050 and ensure their plan to do so is in line with the Science-Based Targets Initiative, an NGO-led group that signs off on corporate climate plans.
The companies would need to integrate the climate goals into their business strategy, including capital expenditure plans; set short- and medium-term targets; align management pay with the goals; and ensure lobbying efforts supported the goals.
“Average ransomware payout grows from $10,000 per event in 2018 to more than $233,000 in 2020”er event in 2020
Above-average annual insured natural cat losses in 2020 despite multiple ‘near-misses’:Willis
In Asia, Tropical Cyclone Haishen caused under $1 billion of insured losses, well below those caused by similar storms during 2019’s cyclone season. The largest event of 2020 to hit Latin America and the Caribbean was hurricane Iota in November, with an estimated economic loss of about $1.3 billion, but a much lower insured loss.
LIC IPO post Oct;BPCL, Air India stake sale by SeptDIPAM Secy
India tells Sri Lanka to honour pact after Colombo takes back port contract
Sri Lanka had previously said the port would be 49% operated by India and Japan, with SLPA retaining the majority stake.The decision comes less than a month after a visit by Indian Foreign Minister S. Jaishankar to Colombo to shore up support for the 2019 deal, that also involved Japan and India’s Adani Group.
Sensex, Nifty close at record highs on gains in financial, infrastructure stocks
Over half in New Delhi may have had COVID, government survey suggests
No data generated with Covishield, Covaxin on ”European” strain of coronavirus, Rajya Sabha told
To a question on whether the Covishield and Covaxin are able to provide protection from the new coronavirus variant that was traced in the UK, Union Minister Ashwini Choubey told Rajya Sabha, “At present, there is no data generated with the above vaccines specifically on new European COVID-19 virus strain.”
As many as 32 States/UTs implementing ”One Nation One Ration Card”
On Monday, Finance Minister Nirmala Sitharaman said: “I am happy to inform you that One Nation One Ration Card plan is under implementation by 32 states and UTs, reaching about 69 crores beneficiaries – that’s a total of 86% beneficiaries covered. The remaining 4 states and UTs will be integrated in the next few months.”
NHAI to fine up to Rs 10 cr for major lapses in structures
“In order to deal with the lapses in highway development, NHAI has issued a strict policy to decide penal action against defaulting firms/ personnel if there are any lapses in construction standards of bridges/ structures/approaches to structure etc by the Concessionaires/ Contractors / Consultants,” NHAI said in a statement.
Scientists fear COVID-19 UK variant has mutated again
Tests conducted on samples of the Kent variant, named after the region in England where it was first detected, show a mutation, called ‘E484K’, already detected in the South Africa and Brazil variants. There are fears that this mutation could evade the immune system and that the vaccines currently being administered may prove less effective against these further mutating variants of the SARS-CoV-2 virus.