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Indian
Insurers and insurance repositories can share “Financial Information” with Account Aggregators: IRDAI
Financial Information Providers in insurance sector need to enter...
India’s urban infrastructure needs $ 840 billion investments over next 15 years: World Bank
By 2036, 600 million people will be living in urban cities in...
Aditya Birla Capital, Nippon Life talks fail on merger
Sources said Nippon Life stake would have been diluted to below 10...
Microfin industry needs $100 bn to promote green livelihood: Jayant Sinha
Jayant Sinha,Chairman,, Parliamentary Committee on Finance ''Out of...
International
Tesla drives on Autopilot through a regulatory grey zone
The Texas crash follows a string of crashes involving Tesla cars being driven on Autopilot, its partially automated driving system which performs a range of functions such as helping drivers stay in lanes and steer on highways. Tesla has also rolled out what it describes as a “beta” version of its FSD system to about 2,000 customers since October, effectively allowing them to test how well it works on public roads.
Harris County police are now seeking a search warrant for the Tesla data and said witnesses told them the victims intended to test the car’s automated driving. NO REQUIREMENTS
EU aims to set global standards for AI, fines for violations
The move comes as China moves ahead in the AI race, while the COVID-19 pandemic has underlined the importance of algorithms and internet-connected gadgets in daily life.
“On artificial intelligence, trust is a must, not a nice to have. With these landmark rules, the EU is spearheading the development of new global norms to make sure AI can be trusted,” European tech chief Margrethe Vestager said in a statement.
AIIB launches Sustainable Development Bond framework
Under the framework, annual reporting on the Bank’s overall portfolio level and project level environmental and social benefits will be made available on the AIIB official website.
“Under its mission of Financing Infrastructure for Tomorrow, AIIB will continue to scale up its sustainable and inclusive investments to meet clients’ needs for low-carbon and climate-resilient infrastructure,”said Domenico Nardelli,treasurer,AIIB
HSBC Life appoints global head of customer proposition
In her new role, Ying will lead HSBC Life’s Product Strategy, Proposition and Governance teams, reinsurance capabilities, and Bermuda captive business. She will lead the rapid evolution of HSBC Life’s nascent Health and Employee Benefits platforms, shape the business’ sustainability agenda, and embed a systematic customer-centric design culture in both our products and platforms.
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