Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
China and the United States were headed for a major diplomatic confrontation as Washington on Wednesday ordered the closure of the Chinese consulate in Houston, a move it said was aimed 'to protect American intellectual property and private information', hinting at cyber espionage.
The Department of Telecom, Department of Industrial Policy and Promotion, Ministry of Home Affairs, Ministry of External Affairs and the Department of Economic Affairs had to give their comments on the proposal, sources said.
He underlined that Lok Sabha election results in India show that the Modi government kept alive and strengthened the 'expectation of change' in the country.
Last month, President Trump offered to be the "mediator" between India and Pakistan on the Kashmir issue when he met Prime Minister Imran Khan for the first time at the White House.
"Our principled position remains that we see no locus standi for a foreign entity to pronounce on the state of our citizens' constitutionally protected rights," Spokesperson in the Ministry of External Affairs Anurag Srivastava said.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
The jump in the sale of American weapons to India comes at a time when sale of weapons from the US to other countries has dipped to USD 50.8 billion in 2020 from USD 55.7 billion in 2019.
Instead of scrapping excess military equipment in Afghanistan, the United States should sell it to friendly countries like India and Uzbekistan, a top American lawmaker has suggested the Obama administration.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
Thousands of farmers are protesting on various borders of Delhi since November 26, seeking repeal of three farm laws enacted in September.
Chidambaram has not been named as an accused in the FIR and the CBI is yet to file a chargesheet in the matter.
The United States has said that the threat from terrorist groups, in particular the Haqqani network, continues to emanate from inside Pakistan, dismissing top Pakistani diplomat's claim that the dreaded group responsible for audacious attacks in Afghanistan has been wiped out.
For insurance intermediaries like brokers, insurance repositories, third-party administrators, etc, 100 per cent FDI may be permitted.
In a major development, US House of Representatives has voted to train and arm Syrian rebels so that they can take on the Islamic State of Iraq and the Levant, a designated foreign terrorist organisation.
Kushner in an 11-page statement said he hopes that that he has been able to demonstrate the entirety of his "limited contacts with Russian representatives during the campaign and transition".
The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
The Indian defence ministry said its border security personnel, as per standard protocol, immediately alerted their Chinese counterparts to locate the UAV and they later reverted with its location.
The Council will vote on the draft resolution at 3 pm Friday (New York time), two days after it held an emergency meeting on the situation in Ukraine just as Putin had announced Moscow's invasion of Ukraine.
A forensic probe has been ordered into alleged irregularities by the department of financial services.
It also comes ahead of a possible visit by President Donald Trump to India later this month. Trump is set to visit India on a two-day trip between February 23 and 26 and both sides are in the process of fine-tuning his schedule, according to sources in New Delhi.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
The pressure on India to take a hostile attitude towards Russia and China was not subtle, but it was guarded, observes Ambassador T P Sreenivasan after Monday's 2+2 ministerial meeting in Washington, DC.
This was Kim's first visit abroad as North Korea's leader and came ahead of his planned summit with Donald J Trump.
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
6 locations in New Delhi and 2 in Mumbai were raided.
The Taliban had promised an 'inclusive' government that represents Afghanistan's complex ethnic makeup, but there is no Hazara member in the cabinet.
The future can only get better if we continue to break silos and work as integrated teams focussed on promoting national interests, recommends Sanjeev Nayyar.
'The US will not want to tangle with China landwards.' 'Nor will the US confront the Chinese navy seawards on India's account.'
FDI into the country increased by 30 per cent to $21.62 billion during April-September this fiscal.
US President Barack Obama has nominated veteran diplomat David Hale as the next ambassador to Pakistan.
The Covid pandemic has left a question mark on how the central government manages its staff.
A senior State Department official, on condition of anonymity, said that he has met with officials in India about what is taking place in the nation and expressed concern. The US has also 'expressed desire first to try to help and work through some of these issues', the official said.
Amid a debate within the government on allowing foreign direct investment in multi-brand retail, the nodal consumer affairs ministry is insisting on a foreign direct investment cap of 49 per cent in the sensitive sector, sources said.
The gold, weighing over 30 kg, was seized from the "diplomatic baggage" that had landed by air cargo at the Thiruvananthapuram international airport recently from the Gulf.
Sri Lanka's new President Maithripala Sirisena on Monday unveiled his cabinet that included members from a cross-section of parties and announced fresh parliamentary polls in 100 days, two years ahead of schedule.
A committee of secretaries will be meeting soon to consider a draft proposal, which suggests that decision-making on all policy issues pertaining to FDI be transferred from the Department of Industrial Policy & Promotion (DIPP) in the Ministry of Commerce to the Department of Economic Affairs (DEA) in the Ministry of Finance.
Russia and China are tight-fisted and Iran is broke and none of them has the political will or capacity to bankroll the Afghan economy, which only the US can, points out Ambassador M K Bhadrakumar.
Deputy US Attorney General Jeffrey Rosen on Wednesday announced that three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals with helping some of those hackers target victims and sell the fruits of their crime.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances