July 22, 2020

The annual budget is prepared by the budget division

After the Halwa ceremony, more than 100 officials of finance ministry will stay in Budget Printing Press in North Block till Union finance minister Arun Jaitley budget speech is over.Meanwhile, Election Commission has sought fresh details from the Cabinet Secretariat, including the procedure followed by the government to delay the presentation of the Union Budget in 2012..The annual budget is prepared by the budget division of Department of Economic Affairs (DEA) headed by the joint secretary (Budget) of the Ministry of Finance.The opposition parties had written to the President and the Election Commission objecting to the presentation of the Union Budget on February 1 ahead of the Assembly elections in five states and demanded that the government be asked to defer the annual exercise. The poll watchdog has also sought details on the process involved in preparing and presenting the Union Budget.In another letter to the Cabinet Secretariat written on Wednesday the Commission has asked for a response by tomorrow morning, sources said. To start the process, the budget division issues an annual budget circular every year.Budget Press in North Block houses all these officials in the period leading up to the presentation of Union perforated vinyl Budget in the Parliament by the Finance minister.Even journalists are banned from entering finance ministry during this period, except when some important announcements are to be made. This is to maintain complete secrecy about the budget.New Delhi: Even as the Election Commission is yet to give a verdict whether Union budget could be presented on February 1, Finance ministry kicked off the process of printing of budget on Thursday with the traditional halwa ceremony at the North Block. These officers will gain touch with their near and dear ones only after the Union Budget is presented

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July 14, 2020

Emergency workers arrived at the scene

Emergency workers arrived at the scene at 0500 wholesale Textiles for sale GMT to put out a blaze that had engulfed 200 square metres of a warehouse in an industrial zone in the Russian capital's north. Moscow: At least 16 people died in a fire that broke out at a Moscow warehouse this morning, Russian authorities said."Firefighters tore down the wall and found 16 dead.The fire was extinguished at around 0700 GMT, authorities said.A police source told Russian news agencies that the victims were likely migrants from former Soviet republics and that the warehouse belonged to a local printing company."When the fire was being put out, a room that had been cut off by the flames was discovered," TASS news agency quoted the regional branch of the emergency ministry's press service as saying. A criminal investigation was launched to determine whether it erupted due to arson or negligence.The cause of the blaze remains unknown..The victims were likely migrants from former Soviet republics and that the warehouse belonged to a local printing company.Moscow mayor Sergei Sobyanin wrote on Twitter that the city would probe the incident

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July 07, 2020

The proposal is worked out by the commerce

The proposal is worked out by the commerce and industry ministry, sources said. "Additional capital is needed to keep this growth going and FDI would be the most welcoming thing in this.FDI helps in improving the countrys balance of payments situation and strengthen the rupee value against other global currencies, especially the US dollar.But 100 per cent is allowed for up-linking of non-news and current affairs TV channels, and down-linking of TV channels through automatic approval route.On in the proposal, Deloitte Partner Jehil Thakkar said that this is a great move by the government as it would help media companies to raise additional capital for their digital media segment."In the FDI policy, digital media does not find a place.Foreign investments are considered crucial for India, which needs billions of dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth.The present FDI policy is silent on the fast-growing digital media segment.FDI in India dipped 1 per cent to USD 44."The government should clarify about the FDI cap in the sector and whether that FDI will be coming through automatic route or not, he said. Similarly, 49 per cent FDI is permitted in broadcast media through government approval route.In the print media sector, 26 per cent FDI is allowed through government approval route..Thakkar added that at present a significant part of the growth in the media sector is coming from the digital area."Finance Cotton Canvas Minister Nirmala Sitharaman in her Budget speech in July had stated that the government would examine suggestions of further opening up of FDI in aviation, media (animation, AVGC) and insurance sectors in consultation with all stakeholders with a view to attracting more overseas investment. As the sector is growing fast, we are looking at it will come under FDI cap or not," a source said.New Delhi: The government is likely to come out with a clarification on applicability of the foreign direct investment policy on the digital media sector, official sources said.36 billion in 2018-19.Last year, the government had relaxed FDI rules for several sectors, including single-brand retail, non-banking financial companies and construction

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July 02, 2020

Bad regulation can be as big a barrier to competition

"Bad regulation can be as big a barrier to competition and innovation as monopolistic activities," TechUK CEO Julian David said."My panel is outlining a balanced proposal to give people more control over their data, give small businesses more of a chance to enter and thrive, and create more predictability for the large digital companies," he said on Wednesday.Big tech has been criticized by politicians in the United States and in Europe in recent years over issues ranging from Facebook losing track of users’ data to how Google ranks the results of searches.Harvard professor Jason Furman, who chaired the British government review, said the digital sector had created substantial benefits but they had come at the cost of the increasing dominance of a few companies.A new competition unit with expertise in the sector should be set up, the independent review said, and innovation should be encouraged by giving people control over their own data so they could switch between rival services and platforms easily.Britain needs to overhaul its competition rules to tackle the dominance of tech giants like Facebook, Google and Amazon, and increase consumer choice, a government review said on Wednesday."The UK must remain a welcoming place for digital business from around the world, and ensure that the UK competition and wider regulatory framework is not in conflict with the other leading digital economies with which we must compete.France, Italy, Britain and Spain have also proposed new digital taxes to narrow loopholes that allow large multinational firms to cut tax bills.News Corp calls for Google break upIt also said there had to be a full assessment of the risks and benefits of opening up data sets.Smaller companies should also have access to the data that social media platforms hold on their users, it recommended."These recommendations will deliver an economic boost driven by UK tech start-ups and innovation that will give consumers greater choice and protection.TechUK, which represents more than 900 tech companies that collectively employ 700,000 people, said the report contained some positive suggestions, but it needed further detail on what any proposed code of conduct for big tech might look like."."UK finance minister Philip Hammond, who will deliver a half-yearly update on the budget later on Wednesday, said he would Mesh set out government measures to ensure digital markets are competitive later this year

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June 16, 2020

Cryptocurrencies have a market capitalization

Cryptocurrencies have a market capitalization of about $200 billion, according to data from virtual coin tracker coinmarketcap.com.The complaint said that AT&T had been previously contacted by law enforcement authorities about such frauds.Terpin co-founded the first angel group for bitcoin investors, BitAngels, in early 2013, and the first digital currency fund, the BitAngels/Dapps Fund, in March 2014. In the complaint, he said AT&T was his service provider.SIM swapping consists of tricking a provider into transferring a subscriber’s phone number to a SIM card controlled by someone else.8 million, the complaint said.The complaint claimed that the theft of the tokens occurred through what is called a SIM swap fraud.US entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on August 15 against telecommunications company AT&T, accusing it of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account.In an emailed response, an AT&T spokesman said: "We dispute these allegations and look forward to presenting our case in court. Terpin is also seeking $200 million in punitive damages. He is a senior advisor to Alphabit Fund, one of the world’s largest digital currency hedge funds."At the time of the theft, the three million stolen tokens were worth $23. SIM stands for subscriber identification module, and SIM cards are used to authenticate subscribers on mobile phones.. Once that person gets the phone number, it can be used to reset the subscriber’s passwords and access online accounts. Nine years after bitcoin came into existence, the market has seen the emergence of more than 1,800 digital currencies.Terpin, represented by Los Angeles litigation Cotton Canvas Manufacturers firm Greenberg Glusker, claimed in the lawsuit that after the theft of the digital currency, his cellphone account was transferred to an international criminal gang.In a 69-page complaint filed with the US District Court in Los Angeles, Terpin alleged that on January 7, 2018, the tokens were stolen from him through what he alleged was a "digital identity theft" of his cellphone account

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June 15, 2020

The Telecom Regulatory Authority of India

In the United States, Cambridge Analytica is facing an investigation over allegations that it stole 50 million Facebook users’ data to help its clients around the world to win elections, including US President Donald Trump."To ensure the privacy of users, a national policy for the encryption of personal data, generated and collected in the digital ecosystem, should be notified at the earliest," Trai said. Also, users should be able to download the certified applications at his/her own will and the devices should in no way restrict such action by users. To protect telecom consumers against the misuse of their personal data, it said such companies should be brought under a data protection framework. Also, companies should be prohibited from using "pre-ticked boxes" to gain users’ consent.It said for ensuring the security of personal data and the privacy of telecommunications consumers, personal data of consumers should be encrypted during motion as well as during storage in the digital ecosystem.New Delhi: The Telecom Regulatory Authority of India declared on Monday that a user "owns" his personal information and Google, Facebook and Twitter, among others, are only custodians and don’t have primary rights over their data.Trai said that multilingual, easy-to-understand, unbiased, short templates of agreements/terms and conditions be made mandatory for all entities in the digital ecosystem for the benefit of consumers.In its recommendations on "Privacy, Security and Ownership of Data in the Telecom Sector", Trai said all entities in the digital ecosystem, which control or process data, must be restrained from using metadata to identify individual users."All entities in the digital ecosystem, including telecom service providers, should transparently disclose the information on privacy breaches on their websites along with the action taken for the mitigation and prevention of such breaches in the future," Trai added. For this, the government should notify the policy framework for regulation of devices, operating systems, browsers and applications.In its recommendations, Trai said that till a general data protection law is notified by the government, all existing rules applicable to telecom operators for the protection of users’ privacy be made applicable to all the entities in the digital ecosystem.Mobile device makers should disclose the terms and conditions of use in advance, before sale of the device."The right to choice, notice, consent, data portability, and the right to be forgotten should be conferred upon telecoinmunication consumers," Trai said.The Trai recommendations comes at a time when there are concerns worldwide over the privacy of Internet users and how personal data is used by app developers. Decryption must be permitted on a need basis by authorised entities in accordance with consumers’ consent or as per legal requirements. It should be made mandatory for the devices to incorporate provisions so users can delete pre-installed apps if he/she so decides. Clauses for data collection and purpose limitation should be incorporated in the agreements. It said consumers must have the right to choice, consent Mesh and to be forgotten in order to safeguard their privacy.Trai said the existing framework for protection of the personal information of telecom consumers in India was not sufficient. However, it also added that the "right to data portability" and the "right to be forgotten" are restricted rights, and these should be subjected to the applicable restrictions due to the prevalent laws

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May 18, 2020

While the digitally illiterate are keen to learn soft skills

While the digitally illiterate are keen to learn soft skills, despite their old age, approximately 51 per cent claimed that there are hardly any facilities where they can do so..4 per cent digitally illiterate respondents claimed that they consider themselves as the under-privileged lot of society in new settings which is governed by modern IT and Internet.5 per cent admitted that they knew about some facilities where they can get digital training. Besides, 82.New Delhi: Around 80 per cent elderly people in Delhi-NCR, who are digitally illiterate, said that the lack of computer skills and digital literacy is affecting their life, according to a recent survey conducted by Agewell Foundation. Another 44. The survey also found that older people want to learn soft skills and internet for reasons like internet banking, online payment of utility bills, getting benefits of government financial inclusion schemes, social media, online entertainment, etc. Agewell Foundation has been conducting a project titled ‘Digital Literacy Program for Older Persons’ to provide free computer and digital training to digitally illiterate elderly so that older persons can use modern day digital equipment and China stickers Manufacturers remain in the mainstream. Out of total respondents, 85. So far, it has set up training centres at over 75 different locations spread across Delhi-NCR and trained over 7,125 elder people, making them digitally literate.The NGO interviewed over 5,000 old people in Delhi-NCR during August-September, 2017, to assess the impact of changed environment on the lives of these people

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