Indian News

Indian banks inadequately prepared for cyber attacks: Experts

Non Life-News, Reinsurance, Risk Management       Aug 14, 2018

  NEW DELHI/PUNE: Cyber security experts on Tuesday questioned the preparedness of the Indian banks in case of a massive security breach involving funds, stressing that state-of-the-art security systems are the need of the hour.    Hackers siphoned off a whopping Rs 94.42 crore from the Pune-headquartered...

Indian firms lagging on compliance of EU data protection rule: EY

Risk Management       Aug 13, 2018

  New Delhi:  Many Indian firms, including some of those with Rs 10,000 crore revenue, have been found to be lagging on compliance of European Union data protection rule, according to a survey conducted by advisory firm EY.   "63 percent of those who are familiar with...

Pune most livable followed by Navi Mumbai, Rampur in UP is is the worst

Health       Aug 13, 2018

  NEW DELHI: Pune, Navi Mumbai and Greater Mumbai from Maharashtra were ranked today India's three most livable places on the government's inaugural 'Ease of Living Index', where the national capital came at 65th place out of total 111 cities.   Rampur in Uttar Pradesh figured at...

Ashish Kumar Bhutani, CEO, PMFBY

Ashish Kumar Bhutani appointed CEO of PM crop insurance scheme

Non Life-News       Aug 13, 2018

  New Delhi: Ashish Kumar Bhutani, additional secretary,Ministry of  Agriculture, has been appointed Chief Executive Officer (CEO) of Pradhan Mantri Fasal Bima Yojana (PMFBY), according to an order issued by the Personnel Ministry today.   Bhutani, a 1992 batch IAS officer of Assam-Meghalaya cadre, has been appointed...

IRDAI forms panel to review regulations on surveyors & loss assessors

Intermediaries       Aug 13, 2018

  Hyderabad: The insurance regulator IRDAI has constituted a working group on Monday, under the chairmanship of Yegna Priya Bharat,CGM(Nonlife), IRDAI, to find out, if the existing IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 and subsequent IRDAI (Insurance Surveyors and Loss Assessors) (first amendment) Regulations...

PM Modi may push financial inclusion drive in I-Day speech

Economy, Life-News, Non Life-News       Aug 12, 2018

  New Delhi: Prime Minister Narendra Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government's financial inclusion drive, official sources said. There could be a doubling of...

UIDAI plans Aadhaar crash course on risks

Economy, Policy, Risk Management       Aug 12, 2018

  New Delhi: After TRAI chief's Aadhaar dare ignited a debate on public display of the 12-digit number, the UIDAI is planning a user outreach to sensitise people about the dos and don'ts of sharing their biometric identifier.   The Unique Identification Authority of India (UIDAI) intends...

Sebi to take steps to bring cost effectiveness in MFs, examine expense ratio

Wealth Management       Aug 12, 2018

  New Delhi: To make mutual funds more attractive for investors, Sebi will take measures to bring cost effectiveness in the sector by promoting go green initiatives through online transactions and examine the existing expense ratio applicable for various schemes.  Besides, measures will be taken to...

Govt okays water aerodromes; paves way for operation of amphibious planes

Economy, Non Life-News       Aug 11, 2018

  New Delhi: The Civil Aviation Ministry has approved a proposal for setting up of water aerodromes in the country, withChilika Lake in Odisha, Sardar Sarovar Dam andSabarmati River Front in Gujarat being identified in the first phase for development of such facilities, an official said...

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