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
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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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