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Class action against 9 firms for falling to refund payments during coronavirus pandemic

by AIP Online Bureau | Aug 21, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Risk Management, Technology

  New Delhi: For the first time, the Central Consumer Protection Authority (CCPA) has started “class action proceedings” against 9 firms ,including online travel companies, a social media firm, and an e-commerce firm. for failing to refund...

The cost of saving global economy: $834 million an hour for 18 months

by AIP Online Bureau | Aug 21, 2021 | Eco/Invest/Demography, Health, International News, Non-Life

Imagine spending $834 million an hour for 18 months. That’s how much central banks have spent buying bonds since the pandemic hit, according to Bank of America strategists, who estimate the Fed alone has put in $4 trillion. It’s a statistic that speaks to...

T-Mobile says hackers accessed data of another 5.3 million subscribers

by AIP Online Bureau | Aug 21, 2021 | International News, Risk Management, Technology

T-Mobile US Inc said on Friday hackers had accessed personal data of another 5.3 million wireless customers, widening the extent of a breach that has affected millions of current, former and prospective customers. The data includes address, date of birth and phone...

EPFO adds 1.283 million members in June amid Covid-19

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Indian News, Pension & Social Security

New Delhi: Retirement fund body EPFO recorded net new enrolments of 12.83 lakh in June, giving an employment perspective in the country. The provisional payroll data of EPFO (Employees' Provident Fund Organization) released on Friday highlights a growing trend...

Nearly 1Bln children at ‘extremely high risk’ globally because of climate change: UNICEF

by AIP Online Bureau | Aug 20, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Health, International News

  New York: One in two children around the world live in conditions exposing them to the extremely harmful effects of climate change, with those in the Central African Republic, Chad, Nigeria, Guinea, and Guinea-Bissau jeopardized the most, the UN Children's...

Recovered Covid patients can donate kidneys: Study

by AIP Online Bureau | Aug 20, 2021 | Facts, Health

  New Delhi: People who have recovered from coronavirus can safely donate their kidneys, according to the findings of a multi-centre study based on 31 transplant cases. The transplant surgeries were conducted after the first wave of the pandemic between July and...

RBI Guv pitches for continued policy support to revive growth, monitoring inflation

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Indian News, Pandemic, Policy, Regulation

  Mumbai: Given the uncertainties on account of the COVID-19 pandemic, Reserve Bank Governor Shaktikanta Das opined that continued policy support with a focus on revival and sustenance of growth was the most desirable and judicious policy...

China passes sweeping data privacy law, toughens regulation on tech companies

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

  Washington: China has toughened its regulation on the country's tech companies by passing sweeping new rules about the collection and use of personal data. The Personal Information Protection Law — which was approved Friday by the Standing Committee...

India smartphone mkt to reach record 173 mn units in 2021: report

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Facts, Technology

India's smartphone market is set to hit a record high of 173 million units in 2021, growing at 14 per cent year-on-year, according to Counterpoint Research. More than 100 million smartphones are expected to be shipped in the second half of the year, it said. The...

WHO seeks ‘best minds’ to probe new pathogens that jump from animals to humans

by AIP Online Bureau | Aug 20, 2021 | Eco/Invest/Demography, Facts, Health, Pandemic

The World Health Organization (WHO) said on Friday it was looking for the greatest scientific minds to advise on investigations into new high-threat pathogens that jump from animals to humans and could spark the next pandemic. Launching a request for applications, it...
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