Pension Assets Hit $63 Trillion in 2023, OECD Pushes for Smarter Investments

The OECD is pushing for changes to make pension systems more inclusive and resilient. Its "Pensions Outlook 2024" report highlights the growth of pension funds, stresses the need for smart investment choices, and urges action to fill coverage gaps, especially for self-employed workers. The report also calls for flexible solutions, better financial education, and easier access to retirement income, with a focus on clear regulations and consumer protections.

By Avi G

Court Commissioner Threatened for Exposing Anti-Pollution Violations in Delhi

A court commissioner overseeing anti-pollution efforts in Delhi-NCR has claimed he was threatened while taking photos of illegal construction at the home of a senior BHEL official. The commissioner flagged several violations, including stubble burning, waste burning, construction activities, and dust emissions. Other commissioners also pointed out road traffic and biomass burning as major pollution contributors in the area.

By Vishal Kumar

TCS Partners with Bank of Bhutan to Transform Digital Banking Landscape

Tata Consultancy Services (TCS) has partnered with Bank of Bhutan to upgrade its digital banking system. The TCS BaNCS Global Banking Platform will improve operations, boost customer experience, and expand digital capabilities. This upgrade will support Bhutan's push for digital progress and new financial products, while also helping TCS grow its global presence in digital banking.

By Avi G

92% of Telangana Caste Survey Done: Revanth Reddy

Telangana Chief Minister A. Revanth Reddy shared that 92% of the state's caste survey is now complete. He also spoke about Congress's ongoing commitment to social justice and upholding constitutional values. At the 'Samvidhan Rakshak Abhiyaan' in Delhi, Reddy praised leaders like Nehru, Ambedkar, and Gandhi for their efforts to support marginalized communities and highlighted the importance of the caste census for ensuring fair rights distribution.

By Avi G

Mayur Rao Joins Enrich Money as Co-Founder to Revolutionize India’s Wealth-Tech Industry

Enrich Money has appointed Mayur Rao as its Co-Founder and Chief Strategy Officer. With over 15 years of experience at major financial institutions like JP Morgan, Deutsche Bank, and BlackRock, Rao will play a key role in improving the company’s Orca platform, driving growth, and expanding its reach in India’s wealth-tech sector. His goal is to make wealth creation easier for millions of Indians through technology and education.

By Avi G

Data Leak Exposes HDFC Life to Security Threat, Investigation in Progress

HDFC Life Insurance is looking into a possible data breach after receiving customer data from an unknown source with harmful intent. The company has started an information security review and is working with experts to find out what happened. HDFC Life is focused on protecting customer privacy and will take any necessary actions. For the first half of fiscal year 2025, the company reported a 15% increase in profit and a 23% rise in assets under management.

By Avi G

India Won’t Regulate AI, But a Voluntary Compliance Code is Coming

The government is unlikely to regulate AI and is instead focusing on a voluntary compliance code. It points to existing laws, like the Digital Personal Data Protection Act, to handle issues such as data privacy, misrepresentation, deep fakes, and copyright. The government may create new laws in the future if needed, including setting up AI Safety Institutes and working with stakeholders.

By Avi G

Indian Army to Recruit Cyber & IT Experts for Advanced Warfare

The Indian Army is looking to hire experts in fields like cybersecurity, IT, and linguistics to boost its tech capabilities for modern warfare. This effort, led by Lieutenant General Rakesh Kapoor, aims to keep the Army up-to-date with global military advancements. The first phase of recruitment will offer 17 specialized positions, with a focus on cutting-edge technologies like AI, cybersecurity, and robotics.

By Avi G

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