Indian

Wide-ranging reforms make India attractive destination for investment: FM

She also mentioned this year’s budget initiative pertaining to International Financial Services Centre (IFSC) at GIFT City, where the government is committed towards developing it into a globally competitive hub for innovation and financial activities to serve the Indian economy and the region as a whole.

2000% increase in cyber security breaches during pandemic

“In India, almost every sector has been breached because they all are inter-connected. During the pandemic, the number of breaches increased by 2,000 per cent because we were using ASL or DSL from home. ASL, DSL, fibre, nothing is secured, this whole scenario reflects that your sensitive information is at risk and is being used for a variety of purposes, causing financial fraud, causing a threat to national security,” Rai said.
The Ministry of Home Affairs’ National Cybercrime Reporting Portal (NCRP), which was launched in August 2019, has recorded over four lakh complaints, with about 50 per cent related to financial frauds, revealed Ashok Kumar, Director, Ministry of Home Affairs.

NCGTC issues guidelines for Rs 50,000-cr credit guarantee scheme for medical infra

As per the guidelines, a credit guarantee of 50 per cent to all brownfield projects and 75 per cent to greenfield projects in the healthcare sector at centres other than 8 municipal areas would be available. The excluded metros from the scheme are Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune.

For the aspirational districts, the guarantee cover for both brownfield expansion and greenfield projects shall be 75 per cent, it said.

Ola got 100,000 bookings for electric scooter in one day

“I am thrilled by the tremendous response from customers across India for our first electric vehicle. The unprecedented demand is a clear indicator of shifting consumer preferences to EVs. This is a huge step forward in our mission to transition the world to sustainable mobility,” Ola Chairman and Group CEO Bhavish Aggarwal said in a statement.

International

CCRIF & World Bank issue first parametric fisheries insurance

The COAST insurance policies provide coverage for fisherfolk and other players in the fisheries industry to enable them to recover quickly after weather-related events.  Initial funding for COAST has been provided by the U.S. State Department.

Canopius hires 4 in APAC growth drive

The appointments support Canopius’ ambition to expand in the Asia Pacific region by targeting a combination of SME business via coverholders and wholesale direct and facultative.

Massive earthquake hits California, towns survey damage amid 1700 aftershocks

There had been about 1,700 aftershocks since the Thursday quake, which was a bit higher than average, said Zachary Ross of the California Institute of Technology.
“An event of this size is going to keep producing aftershocks for years but the rates are going to decay with time,” Ross said.

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