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RBI forms external advisory committee for evaluating banking applications

by AIP Online Bureau | Mar 23, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Mumbai: The Reserve Bank of India (RBI), on Monday, set up a five-member standing external advisory committee(SEAC), with former RBI deputy governor Shyamala Gopinath as the chairperson,to evaluate applications for universal banks and small finance banks (SFBs). The...

Sebi tightens rules for exchange disruptions

by AIP Online Bureau | Mar 23, 2021 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

  MUMBAI: India’s market regulator said on Monday that stock exchanges and other market entities will need to switch quicker to backup sites to resume operations in case of disruptions like last month’s at the nation’s top bourse. In a...

India to launch supercharged push for global electric vehicle players

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  NEW DELHI: India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it expects to attract $14 billion of investment over five years, according to industry sources and a document seen by Reuters. The...

Asia accelerates AstraZeneca Covid-19 vaccine rollouts, even as trust plunges in Europe

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, Health, International News, Pandemic

  TAIPEI/CANBERRA: Many Asian countries are accelerating the rollout of AstraZeneca's Covid-19 vaccine after confidence in its safety was hit, following reports that the shot was linked to rare blood clots in Europe earlier this month. After briefly halting...

AstraZeneca says US trial data shows vaccine 79% effective

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic

AstraZeneca says advanced trial data from a U.S. study on its Covid vaccine shows it is 79% effective. The U.S. study comprised 30,000 volunteers, 20,000 of whom were given the vaccine while the rest got dummy shots. The results were announced Monday. The early...

Popular remote learning software prone to hacking

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

San Francisco: Cyber security researchers have found critical vulnerabilities in a popular student monitoring software being used in the remote learning times, which could be used by hackers to gain full access over students computers, compromising their security and...

Facebook fails in bid to derail $15 billion privacy suit

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, International News, Risk Management, Technology

SAN FRANCISCO: The US Supreme Court on Monday declined to consider an appeal by Facebook that would have derailed a $15 billion lawsuit over whether it illegally tracked users about a decade ago. The nation's top court issued an order denying a request by the...

Legal drinking age lowered to 21 from 25 years in Delhi

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, Facts, Health

  New Delhi: Lowering legal drinking age to 21 from 25 years and the government withdrawing from running liquor vends in Delhi are among the main features of an excise policy approved by the AAP dispensation on Monday, with Deputy Chief Minister Manish Sisodia...

Advanced nuclear reactors no safer than conventional nuclear plants, says science group

by AIP Online Bureau | Mar 22, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management, Technology

  WASHINGTON: A new generation of so-called “advanced” nuclear power reactors that Washington believes could help fight climate change often present greater proliferation risks than conventional nuclear power, a science advocacy group said on...

Vehicle scrapping policy insufficient to trigger replacement:Jefferies

by AIP Online Bureau | Mar 22, 2021 | Eco/Invest/Demography, Indian News, Non-Life

  Mumbai: The vehicle scrapping policy, proposed in Parliament last week, is unlikely to make people junk their old vehicles for new ones in a big way, owing to insufficient incentives offered by the government for replacement, a report said on Monday. Under the...
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