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Will have sovereign AI models designed, built in India: Union Minister Rajiv Chandrasekhar

Will have sovereign AI models designed, built in India: Union Minister Rajiv Chandrasekhar

by AIP Online Bureau | Mar 11, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Rajeev Chandrasekhar,Minister of State for Electronics and Information Technology “We have passed the data protection law, and therefore for Artificial Intelligence, data sets are the raw material and therefore there will be a data collection platform...

EU must prepare for ‘catastrophic’ climate change risks, agency says

by AIP Online Bureau | Mar 11, 2024 | Climate, Environment, Renewable Energy, Health, International News, Non-Life, Reinsurance, Risk Management

Without more urgent action, the EEA said most of the 36 climate risks facing Europe could hit “critical or catastrophic levels” this century. They include risks to health, crop production and infrastructure BRUSSELS: Countries across Europe should prepare...
Deepfakes can help sway public opinion, discredit people or politicians: Experts

Deepfakes can help sway public opinion, discredit people or politicians: Experts

by AIP Online Bureau | Mar 11, 2024 | Features, Risk Management, Technology

“Deepfakes pose a significant threat to democracy, as they are frequently weaponised to manipulate opinions, influence stock prices, and create misinformation,” Harish Kumar GS, Head of Sales, India and SAARC, Check Point Software Technologies, told IANS....

Generali and UNDP build SME resilience in Asia

by AIP Online Bureau | Mar 11, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

A joint research report by Generali and the UNDP report finds that SME growth and survival in Asia are threatened by a range of risks, including climate change, business interruptions, and limited access to capital markets. These risks are intensified by the lack of...

RK Sinha given additional charge of member, Distribution at IRDAI

by AIP Online Bureau | Mar 11, 2024 | Briefs, Intermediaries, Regulation

Rajay K Sinha, member, Finance, IRDAI, has been given additional charge of Distribution portfolio after SN Rajeswari retired from the post at Hyderabad based insurance regulator. The Financial Sector Regulatory Appointment Search Committee (FSRASC), headed by cabinet...
Demand for private jets helicopters likely to rise up to 40 pc during LS polls

Demand for private jets helicopters likely to rise up to 40 pc during LS polls

by AIP Online Bureau | Mar 10, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

“There will be an exponential demand for private jets and the demand is expected to outstrip the availability of chartered planes and helicopters. There is a limited supply of chartered planes and helicopters,” Club One Air CEO Rajan Mehra New Delhi: As...
CBDT starts sending emails, SMSs to assessees for mismatch in tax profile, fin transactions in FY24

CBDT starts sending emails, SMSs to assessees for mismatch in tax profile, fin transactions in FY24

by AIP Online Bureau | Mar 10, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology

“On the basis of analysis of the taxes paid so far during the current financial year, the Department has identified suchpersons/entities where payment of taxes for F.Y. 2023-24(A.Y. 2024-25) is not commensurate with the financial transactions made by the...

Women face gender and pay discrimination, claims new survey

by AIP Online Bureau | Mar 10, 2024 | Data, Eco/Invest/Demography

DBS Bank’s Managing Director Kishore Poduri said that women constitute half of the global workforce and around 30 per cent of the employee base in India, and the survey findings can address many issues to help them thrive personally and professionally Mumbai: Women...

FPIs inject over Rs 6,100 cr in equities in March on strong economic growth and market resilience

by AIP Online Bureau | Mar 10, 2024 | Data, Eco/Invest/Demography, Policy

“FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian...

Hackers stole ‘Sensitive’ data from Taiwan Telecom giant: Ministry

by AIP Online Bureau | Mar 10, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

“The initial analysis of this case is that hackers obtained Chunghwa Telecom’s sensitive information and sold it on the dark web, including documents from the armed forces, foreign affairs ministry, coast guard and other units,” the defence ministry...
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