The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
Indian society may be more advanced than we think it is, notes Ajit Balakrishnan.
'The government should immediately enact an Act to make caste discrimination a criminal offence and lay down a procedure similar to that of the Anti-Ragging Act.' 'Ragging has nearly been eliminated because it is treated as a criminal offence.' 'Similar procedure should be used in case of caste discrimination.'
'But thereafter the same trend is again getting popular and that is what is disturbing and alarming.' 'If this practice goes unchecked, then the entire edifice of the rule of law which gives protection to citizens of this country would crumble into pieces.'
This is not an election Budget in the sense that I might target the voter in the coming elections. But if you look beyond this round of state elections, and tilt the periscope to graze at the more distant horizon, see how the Narendra Modi government wishes things looking by the summer of 2024, observes Shekhar Gupta.
The company claimed that its product is "three times better than remdesivir and that 'AAYUDH Advance starts where vaccines stop'."
Much to the surprise of Beijing, Nepal's Parliament on Sunday ratified the contentious US-funded $500 million Millennium Challenge Corporation compact along with an interpretive declaration a day ahead of the February 28 deadline set by Washington.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
A division bench of Chief Justice Vikram Nath and Justice J B Pardiwala said the community service at COVID-19 centres shall be non-medical in nature and shall be for four-six hours for a period of 5 to 15 days, as authorities deem it fit and necessary.
The high court held it is not for the court to direct the governor or chief minister for the removal of a person who has committed a breach of oath.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
With EU, it is part of the FTA that we will need to negotiate.
He said there is a fundamental distinction between religious practices, rituals and civil rights.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
'It is a testing time for our foreign policy which may involve a certain element of taking risks, assessing costs, and expecting failures,' asserts Commodore Venugopal Menon (retd).
Prime Minister Narendra Modi on Monday announced that the central government will provide free coronavirus vaccine to states for inoculation of all above the age of 18 from June 21, and asserted that vaccine supply would be increased significantly in the country in coming days.
Modi praised Tamil Nadu as a special place and lauded the Tamil language as eternal and its culture as global.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
Twitter on Wednesday said it has suspended over 500 accounts, and blocked access to several others within India as it partly acceded to a government order to curb spread of misinformation and inflammatory content around farmers' protests.
'For its part, Pakistan often gives safe haven to agents of chaos, violence, and terror.'
Three experts on cyber security, digital forensics, networks and hardware were roped in by the Supreme Court on Wednesday to "enquire, investigate and determine" whether Pegasus spyware was used for snooping on citizens and their probe would be monitored by former apex court judge R V Raveendran.
The apex court also said CBI officers probing the shelter home cases in Bihar shall not be transferred without its prior permission.
The letter was sent as an early warning of what was then widely being perceived as a plunder of national resources.
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.
The likes of Mumbai Cricket Association (MCA) or Saurashtra Cricket Association (SCA) may have lost their full membership status but they will get a chance to vote at Board of Control for Cricket in India's annual general meeting on rotation basis.
The world's attention is on the new Taliban and the imminent announcement of an inclusive government in Kabul, observes Ambassador M K Bhadrakumar
The highly-anticipated summit, which began early Tuesday, is the third engagement between Xi, 68, and Biden, 78, since February.
Russia and China have a broad consensus today on almost all core issues related to global strategic stability, which is unprecedented in modern history, observes Ambassador M K Bhadrakumar.
'A recent compromise by the state government is accepting NEET exams for medical entrance.'
Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.
Thackeray, who is also president of the Shiv Sena, said his alliance partners -- the Nationalist Congress Party and the Congress -- are 'positive' and the Maha Vikas Aghadi (MVA) government is benefitting from their experience.
The EU ambassador to India hoped the principle of equality will be upheld in the CAB. He also said that Pak must take action against terror groups.
Jaishankar said all members would agree that India's approach should be guided by its national beliefs and values, national interest and by its national strategy.
Once the Chief Minister had given a solemn assurance, a duty was cast on the Delhi government to take a stand as to whether to enforce the promise or not, the court said.
State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout. Are we set for more of this cycle, asks Aditi Phadnis.
The approvals would be handled independently by administrative ministries of different sectors.
The networking giant said it has taken steps to reduce the visibility of hashtags containing harmful content, which included prohibiting them from trending and appearing as recommended search terms.
'The clubbing of policy announcements in the Budget speech creates policy surprises.' 'Economic actors dislike policy surprises because they throw their plans off track,' points out Alok Tiwari.
'Rather than encouraging transparency, the opacity of electoral bonds adds to the murkiness,' argues Amit Tandon.
Unless we control the coronavirus, we are going to struggle to get our economy and country back on track. The spectre of the virus haunts recovery, warns Naushad Forbes.
