Friday, May 31, 2019

View: Modi’s key woman needs strongman-handling skills

Perhaps the PM himself wants to be closely involved in supervising the economy. That’s good and bad.

from Economy-News-Economic Times http://bit.ly/2QCjPNL

NHAI appeal in SC for highway land sparks furore

After the Madras High Court released the order in April this year, Tamil Nadu chief minister Edappadi K Palaniswami had commented that it would “go by the court order.”

from Economy-News-Economic Times http://bit.ly/2wyDdSw

India’s infant mortality rate falls but pace of change slows

The global average IMR is 29 and that for low and middle income countries, the category that India belongs to, is 34.

from Economy-News-Economic Times http://bit.ly/2YYuZ2j

Transfer pricing methodology of MNCs under customs department lens

The special valuation branch of the customs department is scrutinising transfer pricing methodologies of several multinationals.

from Economy-News-Economic Times http://bit.ly/2EMTtUw

Donald Trump terminates preferential trade status for India under GSP

The GSP is the largest and oldest US trade preference programme and is designed to promote economic development by allowing duty-free entry for thousands of products from designated beneficiary countries.

from Economy-News-Economic Times http://bit.ly/2MmyEWb

In first Cabinet meeting, government reaches out to farmers, traders

The existing PM-KISAN scheme will now target another 20 million families at a total annual cost of Rs 87,217.5 crore.

from Economy-News-Economic Times http://bit.ly/2QL1nTr

With Budget weeks away, Sitharaman has her hands full

Sitharaman, who was defence minister in the previous Narendra Modi government, will also be in charge of corporate affairs, a portfolio she has held before.

from Economy-News-Economic Times http://bit.ly/2HNgVmt

Andhra govt set to pull the plug on infra projects worth Rs 50,000 crore

The Andhra Pradesh chief secretary on Wednesday issued orders cancelling projects awarded before April 1.

from Economy-News-Economic Times http://bit.ly/2EGyCSX

Tech holds key to fast-tracking crop insurance claims

The use of tech to expedite claims has become even more important as the govt has mandated to settle insurance claims within two months of filing.

from Economy-News-Economic Times http://bit.ly/2EKvllm

Technew

On this week's podcast, we ask whether people will pay a premium for the benefits 5G promises.

from BBC News - Technology https://bbc.in/2I9xHv3

Cabinet approves extension of PM-KISAN scheme to all farmers

The decision was taken in the first Cabinet meeting of the new NDA government.

from Economy-News-Economic Times http://bit.ly/2EMjwvj

Extinction Rebellion plans Heathrow drone protest

Extinction Rebellion says it will stage a 10-day demonstration unless expansion plans are cancelled.

from BBC News - Technology https://bbc.in/2I8cO3w

Technew

Extinction Rebellion says it will stage a 10-day demonstration unless expansion plans are cancelled.

from BBC News - Technology https://bbc.in/2I8cO3w

Growth of core sector industries slows to 2.6 per cent in April

During April 2018, the expansion rate of eight infrastructure sectors - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity stood at 4.7 per cent.

from Economy-News-Economic Times http://bit.ly/2W7iMq5

India's GDP growth slips to 5.8 per cent in Q4

The economy had grown 6.6% in the third quarter, 7.1% in second and 8.2% in the first quarter.

from Economy-News-Economic Times http://bit.ly/2I3WvVa

The raspberry picking robot and other tech news

Kitty Knowles looks at some of the week's best technology stories.

from BBC News - Technology https://bbc.in/2XdfrHw

Technew

Kitty Knowles looks at some of the week's best technology stories.

from BBC News - Technology https://bbc.in/2XdfrHw

FY19 fiscal deficit is at Rs 6.45 lakh crore, 3.4% of GDP

​​India's fiscal deficit was at Rs 8.51 trillion at the end of February 2019, touching 4.52% of the GDP.

from Economy-News-Economic Times http://bit.ly/2WxJblf

India-China trade set to cross USD 100 billion this year: Senior Indian diplomat

The India-China bilateral trade last year touched a historic high of USD 95.54 billion, according to the official data released by China early this year.

from Economy-News-Economic Times http://bit.ly/2QD4Ym5

Technew

Fakes on dating websites use emotional language, analysis of thousands of dating profiles reveals.

from BBC News - Technology https://bbc.in/2EKAWrX

Dating app scammers spotted by AI

Fakes on dating websites use emotional language, analysis of thousands of dating profiles reveals.

from BBC News - Technology https://bbc.in/2EKAWrX

Technew

Images on the encyclopaedia were swapped to feature North Face clothing as an advertising stunt.

from BBC News - Technology https://bbc.in/2QyLCyK

North Face apologises over Wikipedia 'hack'

Images on the encyclopaedia were swapped to feature North Face clothing as an advertising stunt.

from BBC News - Technology https://bbc.in/2QyLCyK

Technew

Some shareholders wanted Facebook's chairman and chief executive to step down from one of his roles.

from BBC News - Technology https://bbc.in/2YVo5ej

Facebook's Mark Zuckerberg 'survives' leadership vote

Some shareholders wanted Facebook's chairman and chief executive to step down from one of his roles.

from BBC News - Technology https://bbc.in/2YVo5ej

Modi allocates Agri Ministry to Narendra Singh Tomar for farm revival

The ministry holds significance as the government has promised to double the farmers' income by 2022

from Economy-News-Economic Times http://bit.ly/2JK40E4

Thursday, May 30, 2019

Modi govt likely to announce 'big-bang' economic reforms

He was sworn into office for his second term on Thursday night.

from Economy-News-Economic Times http://bit.ly/2KkEg0N

Weak economy is first test for Modi following re-election

The economy has been on a steady slowdown since last year on the back of weaker consumption, waning global growth and an escalating U.S.-China trade war.

from Economy-News-Economic Times http://bit.ly/2EW4ZNJ

New finance minister needs to up resources for government

The health of banks will be a key focus area for the Modi govt, which in its previous stint had taken a number of steps, including enactment of the IBC to nurse them back to health.

from Economy-News-Economic Times http://bit.ly/2I7Ad4X

The reforms India needs PM Modi to courageously undertake

One lesson that Modi should have learnt in the past five years is about the limits of the Indian prime minister’s power.

from Economy-News-Economic Times http://bit.ly/2VZLWHW

US suspension of trade program with India 'a done deal', says US official

U.S. law requires the administration to wait 60 days after it notifies Congress of the move before it formally ends India's participation in the program.

from Economy-News-Economic Times http://bit.ly/2I8BzwA

Structural to sectoral reforms: Agenda for Team Modi 2.0

ET looks at the agenda as the second Narendra Modi government takes charge.

from Economy-News-Economic Times http://bit.ly/2EM4Zzs

Amitabh Kant task force proposes policy framework for public-private partnerships and public sector projects

The new government is expected to consider the proposal, aimed at creating world class infrastructure.

from Economy-News-Economic Times http://bit.ly/2Xi7Veq

EU, US oppose India on ending sops that aid illegal fishing

The US and European Union (EU) have opposed the proposal as they give such subsidies to transport and water sports sector.

from Economy-News-Economic Times http://bit.ly/2EE3B1Z

Expect renewed vigour in economy under Modi 2.0: India Inc

Modi took oath as as the prime minister for a second term in the presence of a large gathering of national and international dignitaries on Thursday.

from Economy-News-Economic Times http://bit.ly/2EJ1zxF

Railways, roads and highways sector to get the largest chunk of investment in Modi 2.0: ICRA

The BJP in its manifesto proposed to construct 12,000 kms of national highways every year till 2024.

from Economy-News-Economic Times http://bit.ly/2EKm7WB

Technew

The journalist shared the news after TV viewers noticed a hand tremor during a report on new 5G technology.

from BBC News - Technology https://bbc.in/2MkdGHH

Government says missing firms in MCA database to have insignificant impact on GDP

It said out of the 35,456 companies around 34,834 (86.5%) companies had filed their returns only 622 were untraceable perhaps due to change of Corporate Identification Number (CIN).

from Economy-News-Economic Times http://bit.ly/30RxZzi

Rory shares his Parkinson's diagnosis

The journalist shared the news after TV viewers noticed a hand tremor during a report on new 5G technology.

from BBC News - Technology https://bbc.in/2MkdGHH

Technew

The tech giants are among 47 organisations to hit out at a plan to look at encrypted messages.

from BBC News - Technology https://bbc.in/2HMnuWB

Google and Apple criticise GCHQ eavesdropping idea

The tech giants are among 47 organisations to hit out at a plan to look at encrypted messages.

from BBC News - Technology https://bbc.in/2HMnuWB

Technew

The BBC News at One O' Clock tried to broadcast an interview about the 5G network using the new technology but ran into some issues.

from BBC News - Technology https://bbc.in/2HKDDMg

Live BBC broadcast over 5G network on launch day fails

The BBC News at One O' Clock tried to broadcast an interview about the 5G network using the new technology but ran into some issues.

from BBC News - Technology https://bbc.in/2HKDDMg

Technew

BBC News puts 5G mobile connectivity to the test on two phones, downloading a podcast.

from BBC News - Technology https://bbc.in/2WfcUQO

5G put to the test on the street

BBC News puts 5G mobile connectivity to the test on two phones, downloading a podcast.

from BBC News - Technology https://bbc.in/2WfcUQO

Ficci survey puts Q4 GDP growth at 6.5 per cent

Ficci said survey has put forth an annual median GDP growth forecast for 2019-20 at 7.1 per cent and the projection for fiscal 2020-21 has been put at 7.2 per cent.

from Economy-News-Economic Times http://bit.ly/2Qy2o0Z

India's economy seen limping behind China as Modi begins second term

A Reuters survey of economists forecast growth slipped to 6.3% annually in the three months ending in March, its slowest pace in six quarters.

from Economy-News-Economic Times http://bit.ly/2Xew5Xf

Why India must expand the scope of the two-year-old Maternity Bill

In this five-year term, the Government must think about how to make their landmark Maternity Bill Amendment Act (MBA) more effective.

from Economy-News-Economic Times http://bit.ly/2EHzUx8

5G: EE launches UK's next-generation mobile network

BT's EE switches on its next-generation 5G mobile network with a Stormzy gig.

from BBC News - Technology https://bbc.in/2EJrNjp

Technew

BT's EE switches on its next-generation 5G mobile network with a Stormzy gig.

from BBC News - Technology https://bbc.in/2EJrNjp

Non-tax revenue target can be raised moderately on spectrum auction

This year RBI excess reserves are also likely to be part of the NTR but the quantum has to be decided as per the Bimal Jalan panel report.

from Economy-News-Economic Times http://bit.ly/2MjeqwB

Modi 2.0 to raise UDAN budget for common man

In the first round of UDAN bidding, the government in March 2017 awarded 128 routes to five airlines for 43 un-served destinations.

from Economy-News-Economic Times http://bit.ly/2HK1Jqs

Veterans mark code-breaking machine's 75th anniversary

Colossus, the world's first programmable computer, is credited with shortening World War Two.

from BBC News - Technology https://bbc.in/2Kd40Mv

Technew

Colossus, the world's first programmable computer, is credited with shortening World War Two.

from BBC News - Technology https://bbc.in/2Kd40Mv

Wednesday, May 29, 2019

Total M&A, PE deal value drops 79 per cent to USD 4,579 million in April: Report

Total M&A value in April was USD 735 million against USD 19,142 million in the same month a year ago.

from Economy-News-Economic Times http://bit.ly/2KdVb4M

Top India FDI sources on tax haven list

TJN, an independent research based international network, estimates that $500 billion is dodged each year in tax by multinationals by use of a network of favourable tax countries

from Economy-News-Economic Times http://bit.ly/2I3FHxK

Does the economy need a Jaitley or a Chidambaram?

The economy may be better off with a Arun Jaitley-like character as he delivered on structural changes.

from Economy-News-Economic Times http://bit.ly/2wslNXE

Panel for eliminating investment rule for fuel marketing licence

The panel wants companies to seek separate licences for retail and bulk business. Bulk is defined as minimum 12,000 litres per delivery to end users.

from Economy-News-Economic Times http://bit.ly/2MefOR6

Online usage grows, but so do social media concerns - Ofcom study

Most people say the internet improves their lives, but 70% would support tougher social media laws.

from BBC News - Technology https://bbc.in/2XdOR0V

Technew

Most people say the internet improves their lives, but 70% would support tougher social media laws.

from BBC News - Technology https://bbc.in/2XdOR0V

Technew

The system allows the drone to alter its flight path and move away from obstacles flying towards it.

from BBC News - Technology https://bbc.in/2VVduy4

Tech gives drone the ability to avoid mid-air crashes

The system allows the drone to alter its flight path and move away from obstacles flying towards it.

from BBC News - Technology https://bbc.in/2VVduy4

Technew

A brief guide to what 5G offers today and how it should improve over the years to come.

from BBC News - Technology https://bbc.in/2wsTfO4

Technew

Some shareholders want Facebook's chairman and chief executive to step down from one of his roles.

from BBC News - Technology https://bbc.in/2QzA6mt

Technew

Online multiplayer game Roblox is marketed at children - but there are fears it also being used for grooming.

from BBC News - Technology https://bbc.in/2wrqktt

Technew

New standards for data on parking spaces could revolutionise how drivers find and pay for parking.

from BBC News - Technology https://bbc.in/2Qu3x9y

5G: Finally, it's here in the UK - but so what?

A brief guide to what 5G offers today and how it should improve over the years to come.

from BBC News - Technology https://bbc.in/2wsTfO4

Facebook's Mark Zuckerberg to face leadership vote

Some shareholders want Facebook's chairman and chief executive to step down from one of his roles.

from BBC News - Technology https://bbc.in/2QzA6mt

Roblox: 'I thought he was playing an innocent game'

Online multiplayer game Roblox is marketed at children - but there are fears it also being used for grooming.

from BBC News - Technology https://bbc.in/2wrqktt

UK parking space data offered up to app developers

New standards for data on parking spaces could revolutionise how drivers find and pay for parking.

from BBC News - Technology https://bbc.in/2Qu3x9y

FDI policy review begins as inflows drop despite auto route

The exercise comes after FDI equity inflows into India fell in 2018-19, for the first time in six years, with a steep decline in telecom, pharmaceuticals and power.

from Economy-News-Economic Times http://bit.ly/2VW9NrL

7th Economic Census to cover villages without economic activity

“Villages with no economic activity also will be identified for the policy purposes,” the ministry said in the vision document for the census.

from Economy-News-Economic Times https://economictimes.indiatimes.com/news/economy/policy/7th-economic-census-to-cover-villages-without-economic-activity/articleshow/69567956.cms

Technew

The word is inexplicably spelled out in territory in the south east of the central African nation.

from BBC News - Technology https://bbc.in/2JLnkky

'Demo' found written on South Sudan in Google Maps

The word is inexplicably spelled out in territory in the south east of the central African nation.

from BBC News - Technology https://bbc.in/2JLnkky

India’s FDI inflows decline in FY19, Singapore replaces Mauritius as top source of investment

FDI inflows fell 56% in telecommunications to $2.7 billion and 74% in pharmaceuticals to $266 million. Those in the power sector declined to $1.1 billion from $1.62 billion earlier.

from Economy-News-Economic Times http://bit.ly/2wr7GBU

Fadnavis okays Rs 4.24 lakh crore annual credit plan

Fadnavis appealed to all the banks to achieve this target and give maximum loans to farmers.

from Economy-News-Economic Times http://bit.ly/2K6xDyW

Finance ministry may look at 10-year tax holiday on rental profits earned by builders

In a recent meeting with senior finance ministry officials, the real estate developers have been asked to suggest steps to address challenges faced by the sector.

from Economy-News-Economic Times http://bit.ly/2VXNZwa

Technew

How long a user has slept for and when they wake up will be a part of game play.

from BBC News - Technology https://bbc.in/2WsUNGh

Pokémon Sleep app: 'We want to turn sleep into entertainment'

How long a user has slept for and when they wake up will be a part of game play.

from BBC News - Technology https://bbc.in/2WsUNGh

Customs' new guidelines to ensure foreigners accused of smuggling face law in India

"In cases involving foreigners, prosecution may be launched at the earliest, even before issuance of the show cause notice," the new order said.

from Economy-News-Economic Times http://bit.ly/2HHvKXH

Technew

The computer contains six well-known strains of malware and was bought by an anonymous bidder.

from BBC News - Technology https://bbc.in/2XbZKAs

Malware-ridden laptop artwork sold for $1.3m

The computer contains six well-known strains of malware and was bought by an anonymous bidder.

from BBC News - Technology https://bbc.in/2XbZKAs

Technew

New Zealand's opposition party says it wasn't behind 2,000 hacking attempts on government systems.

from BBC News - Technology https://bbc.in/2EDKO6U

New Zealand budget: National party denies hacking Treasury

New Zealand's opposition party says it wasn't behind 2,000 hacking attempts on government systems.

from BBC News - Technology https://bbc.in/2EDKO6U

Technew

Huawei says the US is "using the strength of an entire nation to come after a private company".

from BBC News - Technology https://bbc.in/30T66ai

Huawei: US blacklist will harm billions of consumers

Huawei says the US is "using the strength of an entire nation to come after a private company".

from BBC News - Technology https://bbc.in/30T66ai

Technew

Firms make all kind of assumptions about you based on the data they receive.

from BBC News - Technology https://bbc.in/2HHKW78

Would you recognise yourself from your data?

Firms make all kind of assumptions about you based on the data they receive.

from BBC News - Technology https://bbc.in/2HHKW78

Tuesday, May 28, 2019

Kerala flood cess may push up cos’ compliance burden

The cess will only be on business-to-consumer (B2C) transactions and companies in real estate, aviation, banking and telecom would have to make systemic changes.

from Economy-News-Economic Times http://bit.ly/2Wa7CWP

How the new Modi govt can help India get double digit growth

Recognising that a similar mandate for Modi is improbable third time around in 2024, the next five years are most critical for India.

from Economy-News-Economic Times http://bit.ly/30RYeWo

India moves up to 43rd in competitiveness; Singapore tops chart

Singapore has moved up to the top, from the third position last year, while the US has slipped to the third place in the 2019 edition of the IMD World Competitiveness Rankings.

from Economy-News-Economic Times http://bit.ly/2XldE32

US removes India from currency monitoring list

New names on the list are Italy and Ireland from EU, and three Southeast Asian countries - Singapore, Malaysia and Vietnam.

from Economy-News-Economic Times http://bit.ly/2VWDpVS

Economic growth may have slipped below 7% in FY19, lowest in 5 years: ET Poll

January-March quarter growth may have slumped to 6-6.3% against 6.6% expansion in the preceding one, pulling down the growth rate for the fiscal year.

from Economy-News-Economic Times http://bit.ly/2JJpvFe

Digital health, financial services for villagers soon

Digital Village initiative using BharatNet’s connectivity to cover one village in every district within three years.

from Economy-News-Economic Times http://bit.ly/2EG2jU3

The diggers guided by satellites and drones

Moving earth is messy - but new technology means we can dig with an accuracy of a few centimetres.

from BBC News - Technology https://bbc.in/2K7sLcV

Technew

Moving earth is messy - but new technology means we can dig with an accuracy of a few centimetres.

from BBC News - Technology https://bbc.in/2K7sLcV

View: India must leverage US-India ties to expand its own trade profile

India should look at ways to boost its trade with the US in the of current pattern of international trade.

from Economy-News-Economic Times http://bit.ly/2KaqVbd

Facilitation, logistics of trade may get separate department

In its 100-day agenda for the new government, the ministry said, “Economic Advisory Council to the Prime Minister (PMEAC) has also recommended the same. This will lead to better coordination.”

from Economy-News-Economic Times http://bit.ly/2Xb3vpD

MacKenzie Bezos pledges to donate half her $37bn fortune

The ex-wife of Amazon founder Jeff Bezos pledges to give half of her $37bn fortune to charity.

from BBC News - Technology https://bbc.in/2WashtP

Technew

The ex-wife of Amazon founder Jeff Bezos pledges to give half of her $37bn fortune to charity.

from BBC News - Technology https://bbc.in/2WashtP

SmartCity Kochi draws up plan to raise Rs 4000 crore

Activating infrastructure ready residential plots and by completing the balance infrastructure development.

from Economy-News-Economic Times http://bit.ly/2wqN3Gi

Technew

It's the latest in a series of restrictions imposed by the Vietnamese government on social media users. from BBC News - Technology htt...