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Govt mandates legal interception of satcom services bars data routing outside country
The move assumes significance as the government is, for the first...
Govt moving ahead with IDBI Bank disinvestment plan in current fiscal: DIPAM Secy
Arunish Chawla,Secretary ,Department of Investment and Public Asset...
Himachal govt to bring stringent laws to ensure safety of citizens from natural calamities
Sukhvinder Singh Sukhu,Chief Minister,Himachal Pradesh The proposed laws will address issues such as structural engineering permissions, land weight limits, and effective drainage systems and appeal to people to support the government in its initiative Shimla:...
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...
Farmers, fishermen getting benefits of state-of-the-art research in climate-weather forecasting, says Rijuju
India is making progress in the field of timely prediction of natural calamities like cloudbursts and earthquakes and the country will soon be able to accurately predict these and avoid large scale damage, Kiren Rijuju Union Minister of Earth Sciences Pune: Union...
Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion each year to infrastructure and buildings, equal to 14% of growth in global gross domestic product in 2022, estimated the Coalition for Disaster Resilient Infrastructure (CDRI) Climate-fuelled disasters...
Treasury’s Yellen says US overdependent on China for critical supply chains
U.S. Treasury Secretary Janet Yellen The U.S. would face national security concerns without a robust semiconductor sector of its own, she said, adding that last year's Chips and Science Act will help reverse that trend. U.S. Treasury Secretary Janet Yellen said on...
In Singapore, a certificate to own a car now costs $106,000
Singapore has a 10-year "certificate of entitlement" (COE) system, introduced in 1990, to control the number of vehicles in the small country, which is home to 5.9 million people and can be driven across in less than an hour To own a car in Singapore, a buyer must bid...
LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal
For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...
Lessor SMBC Aviation receives insurance settlement over Aeroflot jets stranded in Russia
The lessor under Japan's Sumitomo Mitsui Financial Group said the settlement amount reflects its claims on Aeroflot's insurance related to 16 aircraft and their engines Ireland-based aircraft lessor SMBC Aviation Capital on Monday said it had received a cash insurance...
UK launches review of regulators, searching for post-Brexit advantages
"It's clear that the regulators that enforce the rules can also sometimes be a blocker to businesses, so our review will seek to root out the bad practices with the aim of making companies' lives easier and reducing costs for consumers" London: The British government...
US regulators settle with more firms over use of texts and WhatsApp
The settlements mark the latest enforcement actions in the SEC's two-year crackdown on Wall Street's use of unapproved messaging apps, which has so far resulted in more than $2 billion in fines Because companies do not surveil personal messaging channels, using them...