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Big Tech’s push into India’s financial sector raises concerns, says central bank
The RBI said concerns included operational risks, too-big-to fail issues, challenges for antitrust rules, cybersecurity and data privacy. But it added that positive outcomes could include efficiency gains and more access to financial services.
The central bank’s warnings come at a time of much tension between the Indian government and U.S. tech giants over issues that range from e-commerce rules to data privacy and content posted on their platforms. Amazon, Facebook, Facebook-owned WhatsApp and Twitter have all been caught up in disputes with New Delhi.
Delhi’s cloud-based health project likely to be out by March next year: CM
Under one of the most ambitious health projects of the Delhi government, health cards will be issued in the names of all the residents of Delhi, for which special surveys will be conducted by the government. This will ensure the availability of the benefits of the government healthcare services to every resident of Delhi. Post the issuing, the e-health card will be integrated with the HIMS.
The system seeks to target the healthcare delivery process. All the patient care services, hospital administration, budgeting and planning, supply chain management, and backend services and processes will be brought under the system.
Why Mukesh Ambani’s gigafactory for hydrogen could be a game-changer
Zero-carbon electricity will be instrumental in decarbonizing, but it can only go so far, and we’re still quite a ways away from there. Power sector emissions flattened out early last decade, and almost certainly peaked for good in 2018.
Greater demand for renewable power will drive that curve down further, which will in turn incentivize its use in any process that can substitute electricity for something that creates greenhouse gas emissions.
Upstox: Over 70% of 2 mln new customers first-time investors
According to the data from the National Securities Depository, and Central Depository Services, a record 14.2 million new demat accounts were opened in FY21, a near three-fold rise from the previous year’s 4.9 million.
The massive 68 per cent market rally after the meltdown in the first half of 2020 has seen a massive influx of investors into the equity markets during the year when the whole country was under lockdown for long.
International
Airlines urge Nations’ Regulators to avoid competing Safety Rules
The head of the International Air Transport Association (IATA), representing 290 airlines or more than 80 percent of world traffic, backed the existing process that usually involves one host regulator lead certification for each type of new aircraft, in exchange for reciprocal agreements with other agencies across the world.Airlines want to “avoid each model being certified 1,000 times” but focus instead on a single lead regulator, Alexandre de Juniac told a meeting of aerospace executives in Paris.
Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt
The FTC has been investigating allegations that Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica. The probe has focused on whether the sharing of data and other disputes violated the 2011 consent agreement.
London marine insurers widen Middle East threat zone after ship attacks
The Joint War Committee, made up of syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, normally meets every quarter to review areas it considers high risk for merchant vessels and prone to war, terrorism, piracy and related perils.
EU removes Bermuda, Aruba, Barbados from tax haven blacklist
BRUSSELS: European Union finance ministers removed on...
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