Finance Minister Nirmala Sitharaman on Tuesday said the government is working out a new Bill on cryptocurrency which will be placed in the ongoing session of Parliament after approval of the Union Cabinet. The ongoing winter session is scheduled to end on December 23. Replying to a series of questions in the Rajya Sabha, she said the new Bill takes into account the rapidly changing dimensions in virtual currency space, and incorporate features of the earlier Bill that could not be taken up.
The central government is importing COVID-19 vaccines and is in talks with COVID-19 vaccine manufacturers Pfizer and Johnson & Johnson, Union Minister of State for Home Affairs G Kishan Reddy said.
The foreign exchange kitty had crossed the half-a-trillion mark for the first time in the week ended June 5, 2020, after it had swelled by $8.223 billion to stand at $501.703 billion.
The rearranged Tokyo Olympics are likely to be a pared-down version of recent editions of the four-yearly Games, Japanese Olympic Committee chairman Yasuhiro Yamashita said on Tuesday. Japan and the International Olympic Committee postponed the Tokyo Games until 2021 in March because of the coronavirus pandemic.
Gold reserves in the reporting week increased by $707 million to $33.52 billion.
The malicious extensions had the ability to take screenshots, read the clipboard, harvest authentication cookies or grab user keystrokes to read passwords and other confidential information
"The Government of India has issued an interim order for the blocking of 59 apps, including TikTok, and we are in the process of complying with it. We have been invited to meet with concerned government stakeholders for an opportunity to respond and submit clarifications," Nikhil Gandhi, head of TikTok India, said.
All athletes who had qualified for the Tokyo 2020 Olympics will keep their spots for the Games next year following their postponement due to the coronavirus pandemic, the International Olympic Committee said on Friday.
"Actioned" content refers to the number of pieces of content (such as posts, photos, videos or comments) where action has been taken for violation of standards. Taking action could include removing a piece of content from Facebook or Instagram or covering photos or videos that may be disturbing to some audiences with a warning.
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According to a Sports Ministry official, they had already prepared a blue-print and if given a go-ahead by the health ministry, they plan to start the vaccination for Olympic-bound athletes from next month.
Amid the 'Toolkit' controversy surrounding the ongoing farmers' protest, the central government has directed the microblogging platform Twitter to remove 1,178 Pakistani-Khalistani accounts spreading misinformation and provocative content on farmers agitation, sources said.
The Indian Navy has expressed reservations in vacating 100 Mhz of the spectrum, proposed to be sold in the tender expected next year, sources said. This could delay the Centre's plans to proceed with the 5G auctions in 2022. A department of telecom (DoT) official said, "The Indian Navy is showing reluctance in vacating the spectrum from the 3.3 GHz-3.4 GHz band that it is using. "Unless there is some traction with them on this issue, we can't seek consultation from TRAI." The 3300 MHz-3600 MHz (or 3.3GHz-3.6GHz) will be auctioned for the first time in the proposed 5G auctions, likely next year.
Tokyo 2020 Olympics organising committee president Yoshiro Mori has told international federations that deciding who foots the bill for postponing the Games to 2021 will be a 'major challenge', Olympic news website insidethegames reported on Saturday.
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The IOC and Japanese government in March took the unprecedented decision to delay the Games, which had been due to start in July, for a year due to the coronavirus outbreak.
The government has allowed import and export of COVID-19 vaccines without any value limitation, in order to ensure speedy clearance and distribution. The Central Board of Indirect Taxes and Customs (CBIC) has amended the regulations to facilitate the import/export of COVID-19 vaccines through courier, at locations where the Express Cargo Clearance System (ECCS) is operational. "Imports and exports of vaccines in relation to COVID-19 has been allowed without any value limitation," said the amended Courier Imports and Exports (Electronic Declaration and Processing) Amendment Regulations, 2020.
While Facebook said on Tuesday it will publish an interim report on July 2 as mandated by the IT rules, Google will publish its transparency report as required under the new IT Rules in India.
Adar Poonawalla said he was hopeful that Covovax, the Novavax vaccine made by SII, will be launched around October this year for adults and for children by the first quarter of next year, depending on DCGI approvals.
An expert panel of the country's drugs regulatory authority had recommended against granting such approval to the firm at this stage just two days ago, officials said.
Twitter has 'withheld' 50 tweets related to a communally sensitive video clip of an elderly Muslim man in Ghaziabad, Uttar Pradesh on the microblogging platform, according to sources.
Twitter has blocked several accounts and tweets after the government asked the microblogging platform to take action against 250 handles and posts for containing 'false and provocative content' related to the ongoing farmers' agitation, according to sources.
Indian accounts, identified by the "+91" in their mobile numbers, were actioned through WhatsApp's prevention and detection methods, for violating either the laws of India or the company's Terms of Service, the firm said in its compliance report.
A division bench headed by Justice Z A Haq and A B Borkar noted that an administrator of a WhatsApp group has only limited powers of adding or deleting members to the group and does not have the power to regulate or censor the content posted in the group.
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The drop was the result of the change in FDI rules, which was amplified by the border standoff between India and China.
The Tokyo Olympics are not contingent on the development of a vaccine for the coronavirus, International Olympic Committee member John Coates said. Australian Coates, the head of the IOC's Coordination Commission for the Olympics, said JMA president Yoshitake Yokokura's comment was an 'opinion'.
Traders who pay in rupees generate over Rs 50 crore in daily cryptocurrency volumes. Indians actually invest a great deal more in forex-denominated trades, observes Devangshu Dutta, explaining why it is impossible to ban cryptocurrency.
Earlier in April, Pfizer said that it had offered a not-for-profit price for its vaccine for the government immunisation programme in India and it remains committed to continuing engagement with the government to make the vaccine available in India.
Eighteen months after the government started banning Chinese mobile apps, two distinct changes have occurred in the country's mobile app sweepstakes. The move has given a thrust to domestic app publishers, especially in certain segments and it has dramatically reduced the market share of Chinese apps. What started as an interim government ban on 59 Chinese apps, including the highly popular TikTok and WeChat in March 2020 ended as a permanent ban on many of them in January this year. According to a China Internet Report 2021 (by South China Morning Post), the market share of Chinese apps in India has dropped substantially from 44 per cent in 2018 to only 29 per cent in 2020. In 2017 it was 41 per cent.
United States Pharma giant Pfizer is in the final stages of an agreement with India to supply anti-COVID-19 vaccines, Chief Executive Officer Dr Albert Bourla said on Tuesday, observing that the domestically manufactured vaccines would be the backbone of vaccinating the Indian people.
Remittances growth is muted due to "structural" reasons which will hamper consumption demand locally, a report said on Thursday. "...the muted external remittances growth is more of a structural issue than transitory," India Ratings and Research said in its note. India has been the largest recipient of remittances from its diaspora spread all across the world and received over $70 billion inflows last year. The agency argued that flows had started to moderate even before the COVID-19 pandemic outbreak, pointing out that as a percentage of gross disposable income, the share of remittances fell to 2.5 per cent in FY19 as against 3.5 per cent in FY10.
Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore. The Court of Singapore International Arbitration Centre (SIAC) had turned down a plea of Future Retail Ltd (FRL) to be excluded from being a party to arbitration. In a regulatory filing disclosing the development, FRL said,"...this disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges."
The auction for the 5G spectrum is likely to take place around April-May next year, Communications Minister Ashwini Vaishnaw said on Thursday. While relief measures announced in September this year for telecom operators marked the first set of reforms, the government will bring out a series of further reforms and "telecom regulatory structure should change in coming 2-3 years", Vaishnaw said. Speaking at the 'Times Now Summit 2021', the minister said India's telecom sector regulation has to be benchmarked with the global best, and added that "so, we will come with a series of reforms in this, such that the global benchmark of regulations is achieved in India".
The Covid-19 vaccine demonstrated an overall 90.4 per cent efficacy in phase 3 clinical trials, reports Sohini Das
The government is considering a provision to provide an exit window to holders of cryptocurrencies (cryptos), keeping in mind that banning them outright could deal a blow to investors sitting on them for years. According to sources in the government, the framework in the making may propose a grace period of three to six months for investors before prohibiting the possession, trading, mining, and issuing of cryptos. A group of secretaries chaired by the Cabinet secretary is learnt to have met in mid-March and discussed issues associated with cryptos, including the consequences of banning them and also on possible substitutes of blockchain technology - an advanced technology Bitcoin uses.
The Delhi high court on Friday asked the Centre to reply to pleas by Facebook and WhatsApp challenging the new IT rules for social media intermediaries requiring the messaging app to "trace" chats and make provisions to identify the first originator of information.
Right to privacy includes right to be forgotten and to be left alone, the Delhi High Court has said while directing various online platforms including YouTube to remove certain objectionable videos and audio clips of a Bengali actress.
The company, which is part of tech giant Microsoft, has about 1,200 employees in India. It, however, did not comment on the impact of the job cuts on its India operations.
Receiving unwanted texts and sexting under coercion was associated with lower self-esteem.
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