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Indian
Adopt zero trust identity to validate devices in network: Niti Advisor
“We will have to adopt zero trust identity and access management policy to validate each device in the organisation network. Intra-organisations meetings have become very common and inter-organisation is also happening. We need to automate device enrolment and software updates, leverage artificial intelligence tools for threat detection,” Niti Aayog senior adviser for science and technology, Neeraj Sinha said while speaking at an PHD chamber of commerce event on cyber security.
Nearly 72 pc of financial transactions of PSBs done through digital channels: MoS finance
Global banks unwind India currency trades worth billions after RBI warning
Some lenders had racked up exposures of more than $1 billion each by using a regulatory loophole created in February to convert rupee deposits into dollars using a buy-sell swap — buying the greenback now while selling the same amount at a specified date in the future. They then used the proceeds to purchase U.S. government debt and profited from the arbitrage, paying around 3.5% on the local currency deposits and earning 4.9% on the 12-month yield on the currency pair.
COVID-19: India’s drug regulator approves study on mixing of Covaxin and Covishield doses
Separately, a recent study by the Indian Council of Medical Research (ICMR) involving 98 people, 18 of whom had inadvertently received Covishield as the first dose and Covaxin as the second in Uttar Pradesh, showed that combining these two COVID-19 vaccines elicited better immunogenicity than two doses of the same vaccine.
The study also found that immunisation with combination of Covishield and Covaxin was safe and the adverse effects were also found to be similar when compared to the same dose regimen.
International
Cat bond issuance breaches historic $100bn milestone: Aon Securities data
Over the past decade, ILS has provided a robust non-correlating asset class for investors, producing an average annual return of 6.38 percent, and 7.48 percent for 2019. Sector investor numbers have grown significantly, with orderbooks in 2019 inclusive of 23 percent more investors, on average, than orderbooks in 2015, allowing average allocations to decrease from USD13m to USD9m, putting less pressure on any given market.
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead
‘Impossible’ to agree to full EU-U.K. Brexit trade deal by year end: EU Head
AXA insurance launches first-in-market plan for Cancer survivors
Sean Goh, Managing Director, Life, AXA Insurance Singapore said, “Many cancer survivors are left without any insurance coverage after their first diagnosis and do not have the security of a financial safety net if cancer strikes again. We want to take away this uncertainty by protecting them financially should they be faced with cancer again, so they can focus on treatment and recovery. This is part of our commitment to support our customers across their entire health journey and to empower them to live better lives.”
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