S Krishnan, secretary, MeitY, highlighted the critical role of the...
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Digital media platforms must curb fake news, safeguard democracy: Ashwini Vaishnaw
Union Electronics and IT Minister Ashwini Vaishnaw ,Union...
Bharat Panchal appointed as chief risk, security, and stakeholder management officer of Bima Sugam
In another key appointment, Bima Sugam India Federation has...
India’s antitrust watchdog orders probe into Google in smart TVs suit
The case will be Google’s third ongoing antitrust investigation in India, where it faces a probe into its payments app and Android mobile operating system. Reuters reported last week that an investigation into the smart TV case was likely soon.
HC refuses to stay CCI notice to Facebook, WhatsApp in privacy policy matter
The case relates to the appeals of Facebook and WhatsApp against a single judge order dismissing their pleas against the probe CCI ordered into the instant messaging app’s new privacy policy.
Karnataka to set up system at dams to get real-time water data, to prevent floods
This system, once set up in Karnataka’s Almatti and Narayanpur dams, will help the officials of both the states overcome the possibility of floods. In case Maharashtra has to release water from its dams as a precautionary measure, it will inform the Karnataka officials who would accordingly lower their water level in Almatti and Narayanpur dams. This alleged lack of communication in 2019 had resulted into Maharashtra releasing lakhs of cusecs water into river beds that flooded the villages on the banks.
Gujarat govt announces policy to promote electric vehicles
The state government will provide a subsidy up to Rs 20,000 on the purchase of an electric two-wheeler, Rs 50,000 for three-wheeler and Rs 1,50,000 on the purchase of a four-wheeler, he said.
As per a rough estimate, the new policy will help in saving fuel worth Rs 5 crore every year, Rupani said, adding that carbon dioxide emission will be reduced by six lakh tonnes annually.
India’s electric vehicle sales to grow at 26% in FY21-23: Fitch Solutions
In the overall Asia region, EV market will continue to grow at a fast pace as more countries look to support EV uptake, reduce emissions and attract EV related manufacturing investment.
Govt not to seek disclosure of flash sales from etailers; to act on consumer complaints
Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the etailers need not be “anxious” about the draft rules.
Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer — are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
Sustainability solution or climate calamity? The dangers and promise of cryptocurrency technology
Bitcoins don’t exist as physical objects, but new coins are “mined”, or brought into circulation, through a process that involves using powerful computers to solve complex mathematical problems. This process requires so much energy, that the Bitcoin network is estimated to consume more energy than several countries, including Kazakhstan and the Netherlands.
Airtel, Tata Group team up for ‘Made in India’ 5G network solutions
Notably, the partnership with Tata Group allows telecom operator Airtel to take head-on, rival Jio’s pitch on homegrown 5G solutions. Mukesh Ambani-led Reliance Jio is accelerating the rollout of digital platforms and indigenously-developed next-generation 5G stack.
Govt plans to bring stricter e-commerce rules, flash sales may be history
Further, if the norms come into effect, every e-commerce shall establish an adequate grievance redressal mechanism having regard to the number of grievances ordinarily received by such entity from India.
Amazon and Flipkart, among others, will have to appoint a Chief Compliance Officer, a Resident Grievance Officer and a nodal contact person in India.
Ransomware payment may be allowed tax deductible in US
The IRS, the US body for tax administration, offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The Associated Press said deductions are usually allowed under law and established guidance. It’s a “silver lining” to ransomware victims, as some tax lawyers and accountants put it.
Ransomware has become a multibillion-dollar business, and the average payment was more than $310,000 last year, up 171% from 2019, according to Palo Alto Networks.