“There is a need to keep a continuous vigil by (the) government and all regulators on the financial conditions that could expose financial vulnerabilities in the medium and long-term,” an official statement issued after the council’s meeting said. … [Read more...] about Pandemic poses serious threat to global financial system: FSDC
Nn financial 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
“It is high time we returned to normalcy. The Chief Minister has already indicated that places of worship, hotels, and even malls may be opened from June 1. We want the film industry to chug back to life and are prepared to take all precautionary measures,” said D.R. Jairaj, chairman, Karnataka Film Chamber of Commerce. … [Read more...] about Film industry keen to restart, but not everyone is on board