A recent report by NITI Aayog revealed that at least 27 million...
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Gadkari blames faulty DPRs, road designs for increasing road accidents in India
Nitin Gadkari ,Minister of Road Transport & Highways Gadkari...
Miller establishes new M&A and Strategic Solutions Team
The team will sit within Miller’s Professional & Financial...
Global banks unwind India currency trades worth billions after RBI warning
Some lenders had racked up exposures of more than $1 billion each by using a regulatory loophole created in February to convert rupee deposits into dollars using a buy-sell swap — buying the greenback now while selling the same amount at a specified date in the future. They then used the proceeds to purchase U.S. government debt and profited from the arbitrage, paying around 3.5% on the local currency deposits and earning 4.9% on the 12-month yield on the currency pair.
Alibaba blasted by state media despite firing manager accused of sex assault
State media and online commentators were overwhelmingly critical of Alibaba’s perceived delay in handling the incident.
“Alibaba could not offer an answer that satisfies public opinion for this ham-handed inaction,” said an editorial in the Global Times tabloid, published by the state-run People’s Daily.
Prince Andrew sued in NY court for alleged sex abuse
Virginia Giuffre claimed in suit filed Monday in Manhattan federal court that the British royal sexually abused her at Epstein’s home in New York, on his private island in the U.S. Virgin Islands and in the London home of Ghislaine Maxwell, the British socialite who is in jail awaiting trial on charges she helped Epstein traffic underage girls for sex.
73% of Indian firms expect customer data breach in next 1 year
Nearly 57 per cent Indian organisation among those surveyed said it was somewhat to very likely that they’d suffer serious cyber-attacks in the next 12 months.
While 34 per cent suffered more than 7 cyber attacks that infiltrated networks/systems, 20 per cent had more than 7 breaches of information assets.
UNICEF India, Facebook launch initiative to create safe online environment for children
The partnership will include a nationwide social media campaign and capacity building for 1,00,000 schoolchildren on online safety, digital literacy and psychosocial support, it said.
Will take all measures to eliminate use of crypto-assets: Govt
In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also said the government will explore the use of block chain technology proactively for ushering in digital economy.
”The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system,” he said.
India to Indonesia: Asian economies challenged by Delta Covid variant
Supply chains from Vietnam to Thailand, where outbreaks are surging, have also been interrupted, with factories that make goods for Nike Inc. and Adidas AG shutting down over virus restrictions, potentially missing out on the crucial holiday shopping season. That raises the prospect of Asia’s delta hit reverberating worldwide, if exports are delayed longer term.
“The current delta wave in Asia may snarl production networks further,” said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. “The risk is that growth scars linger for longer.”
Digital currency model likely by the end of year: RBI
Earlier, RBI Governor Shaktikanta Das made it clear that the central bank continues to have concerns with the private digital currency (DCs) which are not regulated and has conveyed the same to the government
Tech titans Amazon, Google, Microsoft join US cyber team to fight ransomware
The tech giants are among firms signed on to be part of a Joint Cyber Defense Collaborative intended to combine government and private skills and resources to fight hackers, according to the Cybersecurity and Infrastructure Security Agency (CISA).
“With these extraordinarily capable partners, our initial focus will be on efforts to combat ransomware and developing a planning framework to coordinate incidents affecting cloud service providers,” said CISA director Jen Easterly.
Government has no plan at present to block any social media platform: MoS IT
Minister of State for Electronics and IT Rajeev Chandrasekhar said the government receives various grievances from users about hate content on social media platforms and responds to them in an appropriate way.
The government regularly interacts with social media intermediaries on various issues, including issuing advisories to make these intermediaries safe and accountable to users,. he said.