The meeting on Thursday was attended by minister of state for finance Anurag Thakur, RBI governor Shaktikanta Das, finance secretary Ajay Bhushan Pandey, economic affairs secretary Tarun Bajaj, secretary financial services Debasish Panda, ministry of electronics and information technology secretary Ajay Prakash Sawhney, corporate affairs secretary Injeti Srinivas, Sebi chairman Ajay Tyagi, IRDA chairman Subhash Chandra Khuntia and PFRDA chairperson Supratim Bandyopadhyay among others. … [Read more...] about Pandemic poses serious threat to global financial system: FSDC
Financial underwriting life insurance
The modalities for the insurance package are still being worked out and until it gets announced the government will cover the employees through an ex gratia payment of ₹50 lakh. The condition for this ex gratia or insurance is that the employee should have been on duty for 14 days prior to her hospitalisation or death. The medical certificate for such an employee is done by a government notified lab. … [Read more...] about ₹50-lakh insurance for all Covid workers: Govt
The Coronavirus or Covid-19 pandemic has brought the world to a standstill, at least a major part of it, if not all. With countries religiously following lockdown for months, this stagnant period has shut down many small businesses and caused almost irreparable financial damage from which the citizens and economies are trying to limp back to normalcy. As workplace and businesses, both online and offline, start to open slowly, and in a staggered manner, many are worried about their safety at the workplace. Also, the question about how this would help the economy return to a strong position looms large. Work from home: Good or bad? It is heartwarming to see how organisations across the world are trying to find their own solutions to this never-before-encountered situation. Some organisations, like the micro-blogging site Twitter, were in favour of work from home and Twitter recently announced that its employees can work from home even after social-distancing norms are eased-up. However, … [Read more...] about Can a 4-day working week be the answer to revive the failing economy and strike work-life balance?
Manish Mimani, CIO of Aviva Life Insurance has quit the company to start his own cybersecurity venture. Gurgaon-based Mimani’s new firm is called Protectt.ai Labs, at which he’ll be the founder and CEO. Protectt.ai Labs will focus on creating solutions in the enterprise security suite. The startup also aims to address challenges such as financial fraud, advanced malware attacks and more.“Our goal is to leverage AI & ML to build next generation mobile security and real time fraud management products. Protectt.ai has recently launched its B2B cyber offerings and B2C offerings will hit the market by mid of August. Our team size will expand to 120 in the next 6 months, and we are building a team of young technology enthusiasts. Our campus recruitment program has been announced. While we have launched our operations in India, we will soon be setting up centres in USA & Singapore,” Mimani reveals.On the transition from a CIO to CEO of a company, Mimani … [Read more...] about Manish Mimani CIO of Aviva LI quits to start a cybersecurity startup
Several veteran film-makers and workers’ unions have raised concerns over the Karnataka Film Chamber of Commerce’s push to restart as their opinions have not been sought on the matter. Ashok, chairperson of the Kannada Film Workers’, Artists’ and Technicians’ Federation, said despite the fact that they play an important role in film shoots, the federation has not been consulted to date. “There are nearly 5,000 workers who earn their daily living from the industry, who are suffering the most owing to the lockdown. We have an interest in restarting work, but our lives are more important. We will resume work only if our safety is assured. Health and death insurance for everyone is a must,” he said. … [Read more...] about Film industry keen to restart, but not everyone is on board