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India found cybersecurity lapses at National Payments Corp in 2019 – government document
The March 2019 government document cited the storing of 16-digit card numbers and other personal information such as customer names, account numbers and national identity numbers in “plain text” in some databases, leaving the data unprotected if the system was breached. The audit has not previously been reported.
Deadline for filing I-T returns extended till Sept 30
In March,the due date for filing I-T returns was extended from March 31 to June 30. Later in June, it was again extended by a month till July 31.
Meanwhile, markets regulator Sebi on Wednesday gave relaxation of one month till September 15 to listed companies for submitting their June quarter results amid coronavirus pandemic.
Govt appoints SN Rajeswari as CMD of Oriental Insurance
Indian mortality protection gap hits $16.5 trillion in 2019:Swiss Re study
Swiss Re has suggested that Indian life insurers should provide comprehensive rather than pure life products, bundle life cover with other small premium riders, such as accident, medical reimbursement and long-term care, simplify product design for better consumer understanding, sell or distribute simple bundled products through digital channel and use agent for more complex and expensive policies with savings element.
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