Axis Bank join forces with Pension Fund Regulatory and Development Authority to Launch ‘NPS Vatsalya Scheme’

Chandigarh, 20 September 2024: Axis Bank, one of India’s leading private sector banks, has joined hands with the Pension Fund Regulatory and Development Authority (PFRDA) to launch National Pension Scheme (NPS) – Vatsalya, a scheme focused to secure the financial future of children below 18 years. As announced by Hon. Finance Minister – Nirmala Sitharaman during the 2024 Union Budget, the initiative is a key step towards empowering families in planning long-term financial security for their children.

At the launch event held in Delhi, Hon. Finance Minister Nirmala Sitharaman, presented a symbolic Permanent Retirement Account Number (PRAN) to Ms. Lamba Karnam Aaditri from Hyderabad, who was selected by Axis Bank. As a part of the initiative, Axis Bank opened total 17 NPS Vatsalya accounts and handed over symbolic PRANs to the children. The senior Bank officials handed over symbolic PRANs and opened NPS Vatslaya accounts for around 16 children in Bangalore and Ahmedabad.

Speaking about the initiative, Mr. Amitabh Chaudhry, MD&CEO, Axis Bank said, “It’s a proud moment for us to be a part of this great mission led by the Government of India towards building a strong pensioned India. This initiative offers a structured and flexible path for wealth creation targeting the future generations of the country, thereby nurturing a financially resilient society. We believe that this will enable parents/ guardians from all socio-economic backgrounds to gain access to valuable tools for securing their children’s financial future, providing them with a strong foundation to build their dreams and aspirations.”

The NPS Vatsalya scheme will provide parents and guardians with a range of investment opportunities and pension fund options to invest in their child’s financial future. Upon reaching 18 years of age, the NPS Vatsalya account of the beneficiary will seamlessly convert into a regular NPS account, securing lifelong benefits. To open an account, parents or guardians must provide essential documents such as Know Your Customer, the child’s birth certificate, and proof of identity.

This initiative underscores Axis Bank’s deep-rooted commitment to driving financial inclusion and enhancing the financial well-being of future generations. The NPS Vatsalya initiative is aligned with the Bank’s mission to build a strong pensioned India, ensuring long-term financial security for families across the country.

IREDA to Raise Approx. Rs4500 Crore Through Fresh Equity Issue; Govt Shareholding to be Diluted via QIP

Mumbai, 20th September 2024:

Indian Renewable Energy Development Agency Limited (IREDA) today received approval from the Department of Investment and Public Asset Management (DIPAM) for raising approximately ₹4500 crore through fresh equity issue.

The approval was granted by DIPAM based on the recommendations of a High-Level Committee. The fund-raising will be carried out through the Qualified Institutions Placement (QIP) route, with a planned dilution of the Government of India’s shareholding in IREDA by up to 7% on a post-issue basis, to be executed in one or more tranches.

The fund-raising exercise aims to strengthen IREDA’s capital base, enabling the organization to scale its financing for renewable energy projects and further accelerate India’s transition to clean energy.

Commenting on this approval, Shri Pradip Kumar Das, CMD, IREDA, said, “DIPAM approval represents a critical step forward in our expansion plans. With fresh capital infusion, we will be better positioned to support India’s ambitious renewable energy goals and continue playing a pivotal role in financing clean energy projects across the country.”

Apollo Hospitals Launches “The Pink Book” to Strengthen Safety Framework in Healthcare

National, September 19 , 2024: Apollo Hospitals, a pioneer in setting new standards for clinical care and patient safety, has launched “The Pink Book”—a comprehensive framework designed to enhance safety protocols across healthcare systems. This initiative marks a significant step in Apollo’s ongoing commitment to elevating patient care and safety, which has been the cornerstone of its mission for over 41 years.

The Pink Book by Apollo Hospitals serves as a comprehensive guide to ensuring safety across hospital environments. It lays out protocols designed to protect staff, patients, and visitors, emphasizing the critical importance of safety culture in healthcare.

Speaking at the launch, Ms Sangita Reddy, Joint Managing Director, Apollo Hospitals, highlighted the growing need for a robust safety framework in healthcare. She said: “At Apollo Hospitals, our commitment to patient safety has been unwavering for over four decades. With ‘The Pink Book,’ we aim to not only strengthen safety protocols within Apollo but also provide a roadmap for the entire healthcare ecosystem. We are proud to have led many innovations in healthcare, but nothing is more important than the safety and well-being of our patients and healthcare professionals. This book encapsulates the wealth of knowledge we’ve gathered in our journey and is designed to benefit everyone in the healthcare industry. This is more than a safety guideline; this is our commitment to equity and enhancing the healthcare workspace. We believe this initiative will further reinforce the trust our patients place in us, as we continue to set new standards for care and safety.”

The book further emphasizes the importance of comprehensive safety measures in healthcare, particularly for women, outlining strict government regulations and the need for hospitals to adhere to safety policies, including zero-tolerance against harassment. It highlights the necessity of fostering a positive safety culture through leadership commitment, training, and open communication. Key recommendations include identifying and managing risky patients, enhancing security with panic buttons and surveillance, ensuring well-lit ergonomic workspaces, and providing support for night-duty staff. Additionally, it advocates for self-defense training, mental health support, compliance with legal provisions, and creating platforms for reporting safety concerns in line with the POSH Act.

At Apollo, there is equal participation of women at all levels of the organization, especially in senior leadership, reinforcing the importance of safety culture as a core value in healthcare. As healthcare continues to evolve, Apollo Hospitals remains dedicated to leading the industry in creating safer, more effective environments for patients and healthcare providers alike. This framework is designed to serve as a guiding tool for healthcare providers, equipping them with protocols and best practices to ensure the highest levels of safety and well-being for patients and healthcare workers alike.

Tenable Launches Tenable Enclave Security to Meet Demands of Highly Secure Environments

New Delhi, India, September 19, 2024 — Tenable®, the exposure management company, today announced the availability of Tenable Enclave Security, a solution that supports the needs of customers operating in highly secure environments, such as those that are classified or otherwise air-gapped. Backed by Tenable Security Center, Tenable Enclave Security protects IT assets and modern workloads with risk assessment and contextual insight so organisations can identify exposures before they cause damage.

Federal agencies face unique security and compliance regulations when deploying cloud solutions, and Tenable Enclave Security is key to supporting public sector customers, as well as commercial organisations with strict data residency, security or privacy requirements.

Built to support the strictest security requirements, including FedRAMP High and Impact Level 5, Tenable Enclave Security empowers agencies to know, expose and close IT and container exposures from a single, highly secure platform. This consolidated approach also eliminates tool sprawl, reduces costs and boosts efficiency for public sector organisations.

“As a leader in vulnerability management and cloud security and a long-time partner of governments all around the world, we’re perfectly positioned to tap into our expertise and deliver mission critical capabilities to assist government agencies as they transform their IT strategy and safely embrace modern workloads to speed innovation,” said Robert Huber, chief security officer and president, Tenable Public Sector, Tenable. “With Tenable Enclave Security, agencies are now able to gain a fuller understanding of their exposure and risk with the ability to continuously discover, assess and prioritise vulnerabilities across IT assets and container images, all from a single, highly secure framework.”

Tenable Enclave Security will immediately enable organisations to:

Meet cloud security and data residency restrictions: Tenable Enclave Security enables customers to meet stringent cloud security and data residency requirements, such as FedRAMP High or Impact Level 5. It can meet customers’ needs wherever they reside, with the ability to be deployed on-prem, in a virtual private cloud or commercial cloud.

 Secure containers before they hit production: As agencies modernise their infrastructure, containers create a more efficient manner to create applications and modernise existing ones. Tenable Enclave Security empowers organisations to quickly assess the risk in their container images, expose their vulnerabilities and understand the breadth of impact.
Centralise security tools: Unlike siloed solutions with fragmented visibility, Tenable Enclave Security provides protection for IT assets and modern workloads from a single deployment architecture.