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Kuwait fire, a reminder of dismal working conditions of Indian diaspora

by AIP Online Bureau | Jun 15, 2024 | Eco/Invest/Demography, Indian News, Risk Management

About 13 million Indians work abroad – more than 60% of them in Gulf nations – according to information shared with parliament by the Indian foreign ministry in 2023. The bodies of 45 Indians who died in a fire in a labour housing facility in Kuwait were...
Drafting of rules under data protection law in advanced stage; extensive industry consultations soon: Vaishnaw

Drafting of rules under data protection law in advanced stage; extensive industry consultations soon: Vaishnaw

by AIP Online Bureau | Jun 15, 2024 | Eco/Invest/Demography, Indian News, Technology

Ashwini Vaishnaw, Union Minister for for Electronics and IT The Parliament had passed the DPDP Act in August last year. The key piece of legislation aims to protect the privacy of Indian citizens while proposing a penalty of up to Rs 250 crore on entities for misusing...
Only 29% elderly people have access to social security schemes like Pensions, PF: Study

Only 29% elderly people have access to social security schemes like Pensions, PF: Study

by AIP Online Bureau | Jun 15, 2024 | Data, Health, Pension & Social Security, Risk Management

Health insurance coverage is limited to 31 per cent of the elderly New Delhi: Only 29 per cent elderly people reported to have access to social security schemes, such as old-age pensions or provident funds, according to a study by the NGO HelpAge. A similar proportion...

Trai takes up fraud, pesky call issues in meeting with financial regulators, institutions

by AIP Online Bureau | Jun 14, 2024 | Eco/Invest/Demography, Indian News, Risk Management, Technology

The telecom regulator discussed the allocation of 160 series exclusively for making transactional and service voice calls, which has been earmarked for all entities regulated by the RBI, Sebi, Irdai and PFRDA in the first stage NEW DELHI: Telecom regulator Trai has...
US court levies $194 mn penal charges on TCS for misappropriation of trade secrets

US court levies $194 mn penal charges on TCS for misappropriation of trade secrets

by AIP Online Bureau | Jun 14, 2024 | Indian News, Risk Management

The order has been passed against the company in a case filed by Computer Sciences Corporation (CSC) — now merged with DXC Technology Company (DXC) — alleging misappropriation of its trade secrets before United States District Court, Northern District of Texas, Dallas...
Rajasthan finds some MDH and Everest spices unsafe for consumption

Rajasthan finds some MDH and Everest spices unsafe for consumption

by AIP Online Bureau | Jun 14, 2024 | Health, Indian News

Rajasthan checked samples of many spices and found a batch of Everest spice mix and two of MDH’s “unsafe”, according to a private letter from Shubhra Singh, additional chief secretary, Rajasthan to the Food Safety and Standards Authority of India...

Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance

by AIP Online Bureau | Jun 14, 2024 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

“There is a temporary blip in the market momentum, due to a lack of fresh triggers after the hawkish commentary from the US Fed, lowering the plausibility of a rate cut in the short-term. A near-term consolidation seems probable as domestic investors await cues from...

Extreme heat causes income loss for 50% of Delhi street vendors: Study

by AIP Online Bureau | Jun 14, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Risk Management

“Data from over 700 respondents highlight the devastating impact on their health, productivity, and livelihoods. We demand immediate government intervention, including the establishment of heat shelters in markets with essential facilities, safety kits, and...

Urbanisation’s influence on climate change increasing in recent decades, study finds

by AIP Online Bureau | Jun 14, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts, Risk Management, Technology

Researchers analysed land temperatures from all over the world and discovered that, although contributing only 2 percent of land warming between 1992 and 2019, urbanisation is still not the primary driver of climate change. It was discovered that India’s urban...
UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers

UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers

by AIP Online Bureau | Jun 14, 2024 | International News, Non-Life, Policy, Reinsurance, Risk Management

Sanctions against Ingosstrakh are notable because it is major provider of coverage for the commercial fleet moving Russian oil, largely displacing insurers based in the UK and Europe. The company didn’t immediately respond to a request for a comment on how the...
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