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RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

by AIP Online Bureau | Feb 12, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Technology

”With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it’s important to start preparing for...
Parliament passes Water Act, decriminalises minor water pollution related crimes

Parliament passes Water Act, decriminalises minor water pollution related crimes

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, Indian News

According to the statement of objects and reasons of the bill, the amendment proposes to rationalise criminal provisions and ensure that citizens, businesses and companies operate without fear of imprisonment for minor, technical or procedural defaults. Also, the...

Adani Ports secures top position for climate actions

by AIP Online Bureau | Feb 12, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography

The company also secured the top rank in the marine ports sector on a low carbon transition rating by Sustainalytics New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) on Sunday said it has secured top position for its climate actions and environmental...

Weakening El Nino conditions raise hopes of ‘bountiful monsoon’ in India

by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life

Weather scientists in India, tracking the developments closely, have said that La Nina conditions setting in by June-August could mean monsoon rains would be better this year than the last year.The southwest monsoon delivers about 70 percent of India’s annual...
RCap administrator objects Rs 118 crore special payment proposal to key team of Reliance General Insurance

RCap administrator objects Rs 118 crore special payment proposal to key team of Reliance General Insurance

by AIP Online Bureau | Feb 11, 2024 | Indian News, Non-Life, Regulation

`This action of yours in provisioning for the KMPs runs contrary to your representation on the solvency ratio post infusion of the additional funds, Also, we, have not granted any approval under section 197 of the Companies Act 013 for the payment of such remuneration...

In 2050, one-third of global river sub-basins could face water scarcity: Study

by AIP Online Bureau | Feb 11, 2024 | Data, Eco/Invest/Demography

“These water scarcity hotspots were mainly distributed in southern parts of North America, Europe, parts of Northern Africa, the Middle East, Central Asia, India, China, and Southeast Asia,” the researchers wrote. In 2050, one-third of global river sub-basins are...
Delhi HC orders Delhi Government to provide Rs 50,000 ex-gratia compensation to families of COVID-19 victims

Delhi HC orders Delhi Government to provide Rs 50,000 ex-gratia compensation to families of COVID-19 victims

by AIP Online Bureau | Feb 11, 2024 | Eco/Invest/Demography, Indian News, Pandemic, Policy

In a judgment, the apex court had made clear that irrespective of the cause of death mentioned in the death certificate, if a family member satisfies the requisite eligibility criteria, he or she shall also be entitled to the ex gratia payment of Rs 50,000 on...

Amid political uncertainty, Pak biz tycoons shift business to Dubai

by AIP Online Bureau | Feb 11, 2024 | Eco/Invest/Demography, International News, Risk Management

The political and economic uncertainties along with the deteriorating law and order situation frightened the business community who regularly pay ‘extortion money’ to one or another group in Karachi, Dawn reported Karachi: During the past 20 months, Pakistani...
Maruti Suzuki may see some increase in costs due to Red Sea crisis

Maruti Suzuki may see some increase in costs due to Red Sea crisis

by AIP Online Bureau | Feb 11, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management

Similarly, the situation in the Red Sea is creating supply chain issues for German luxury carmaker Audi, impacting car deliveries to customers in India in the first quarter but recovery is expected in the coming months, according to a senior company official. New...

Study finds body temperature is linked to depression

by AIP Online Bureau | Feb 10, 2024 | Facts, Health

A small body of existing, causal studies has found that using hot tubs or saunas can reduce depression, possibly by triggering the body to self-cool, for example, through sweating A study from UC San Francisco revealed that individuals with depression may benefit from...
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