NEW DELHI: The government has declared the IT resources of ICICI Bank, HDFC Bank and UPI managing entity NPCI as ‘critical information infrastructure’, implying any harm to them can have an impact on national security and any unauthorised person accessing these resources may be jailed for up to 10 years, …
Read More »
Telecom minister Ashwini Vaishnaw (File photo) NEW DELHI: Telecom minister Ashwini Vaishnaw on Saturday said 5G deployment will commence in 20-25 cities and towns by the year-end, and indicated that India, with its current data prices significantly lower than global average, will continue to set rate benchmarks as new services …
Read More »
NEW DELHI: Flagging the limitations of the FDI policy in addressing anti-competitive practices in the e-marketplace such as self-preferencing, lack of platform neutrality, deep discounting, exclusive agreements and preferential treatment to selected sellers, a parliamentary panel has recommended that the government should have a holistic framework to address these issues. …
Read More »
MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das has said that pursuing a 4% inflation target during the pandemic would have been disastrous for the economy, and it would have taken India years to come out of the damage. Das said the decision to tolerate inflation up to 6% …
Read More »
MUMBAI: The WTO deal on the proposed patent waiver for all Covid medical tools appears substantially “watered down” as it fails to address monopolies and access barriers in key therapeutics and diagnostics. After nearly two years of negotiations, the TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement decision announced in …
Read More »
GENEVA: WTO members on Friday agreed to a first deal in nearly seven years, including a limited patent waiver for Covid-19 vaccines and an agreement to discipline fisheries subsidy, after over five days of intense negotiations, which saw ministers and ambassadors from over 100 countries spend the last two nights …
Read More »
NEW DELHI: The government on Friday cracked down on private fuel retailers by bringing all petrol pumps under the USO (universal service obligation) to prevent holders of fuel retail licences from wilfully shutting or starving outlets of stocks to minimise losses on petrol and diesel. But the private players have …
Read More »
NEW DELHI: A panel of state ministers on GST rate rationalisation on Friday failed to reach a consensus as some members opposed changes to tax slabs and rates, sources said. The Group of Ministers will, however, present a status report to the GST Council on the consensus which was arrived …
Read More »
NEW DELHI: The net direct tax collections till mid-June this fiscal increased 45 per cent to over Rs 3.39 lakh crore, buoyed by decent advance tax mop-up, the Income Tax department said on Friday. The net direct tax collection of over Rs 3.39 lakh crore includes Corporation Tax (CIT) at …
Read More »
NEW DELHI: The government is working towards expanding the National Highway network to 2 lakh kilometres by 2025, Union Road Transport and Highways Minister Nitin Gadkari said on Friday. Addressing an event organised by Indian Roads Congress (IRC), Gadkari also proposed the setting up of ‘Innovation Bank’ for new ideas, …
Read More »