Industry leaders are predicting hybrid cloud to be the next biggest trend in cloud computing.
The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up an insurance business in a bid to facilitate the entry of multiple players such as standalone micro insurers and niche players. Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players, depending on the size of the business and operations. According to the current norms, insurers are required to have a minimum paid-up capital of Rs 100 crore.
Worried about the adverse impact that price rise could cause to Congress' prospects in Lok Sabha polls, Rahul Gandhi unveiled quick fix policy prescriptions for 12 party-ruled states including reform in PDS and giving farmers a wider choice to sell vegetables and fruits.
On a day Narendra Modi attacked the United Progressive Alliance government for its "mis-governance", Congress chief Sonia Gandhi hit back accusing the Bharatiya Janata Party of hatching conspiracies before elections and misleading people in its hunger for power.
'Just do your best show every day and move from strength to strength.'
After much delay and uncertainty, the landmark Food Security Bill was passed by the Lok Sabha on Monday which seeks to provide cheap foodgrains to 82 crore people in the country, ushering in the biggest programme in the world to fight hunger.
'And that means all of us have to be very careful.'
'You will not have a vaccine for everyone initially.'
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
Top Union ministers on Saturday joined a gala event, which had a smattering of Bollywood actors, including megastar Amitabh Bachchan, aimed at publicising the "achievements" of the Narendra Modi government on completion of two years in office.
PDS: Smart ration cards need to be smarter
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
According to the latest report from Stranded Workers Action Network (SWAN), a voluntary effort started in March 2020 to mobilise relief for stranded migrant workers, almost 92 per cent workers, whom the group contacted between April 21 and May 31, had not received any money from their employer. This was after restrictions were imposed and work had stopped. The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them.
Once a Congress-led government is formed at the Centre, the farm laws will be revoked and dumped into the 'dustbin', he said, addressing a gathering in the evening here on the conclusion of his 'Kheti Bachao Yatra' (save the farming march), which began from Punjab's Moga district on Sunday.
Punjab has sent an email saying that four deaths suspected to be due to lack of oxygen have been reported in a private hospital in Amritsar district, Union health minister Mansukh Mandaviya said in a written reply.
Inclusive of the July hike of 25 paise, a monthly increase of similar amount would result in a saving of Rs 2.25 a litre for the current financial year alone.
Afrid Afroz, 21, who was adjudged best cadet at the NDA's 144th course, will join the Indian Air Force and hopes to be a fighter pilot.
The Congress will only be able to gain from the bill if its benefits percolate down to the people within the next eight months, says Anita Katyal
This will cost the government Rs 3.1 trillion, about 10 per cent of its annual expenditure, and higher than any other spending item in its Budget.
Currently, domestic supplies and commercial imports of vaccines attract a 5 per cent Goods and Services Tax, while COVID drugs and oxygen concentrators attract a 12 per cent levy.
Former Telecom Minister A Raja on Sunday said he was ready to serve life imprisonment if a single rupee or dollar was found in any offshore account in his name.
Amid a spate of government proposals at its door, the Election Commission has asked all Union government departments to route their proposals through the Cabinet Secretariat.
The United Progressive Alliance's growth story' and food security scheme dominated a Congress workshop on Monday where its media managers from across the country were given training to disseminate party's message on key issues ahead of next Lok Sabha polls.
PSB chiefs tried to argue that liquidity is in surplus in the system and the problem was related to lack of demand in the economy, instead of banks' reluctance to lend, but 'the FM said it is a perception issue that loan is not available, which we need to dispel,', reports Somesh Jha.
The most common symptoms were fatigue, post-exertional malaise -- worsening of symptoms after physical or mental exertion -- and cognitive dysfunction, often called brain fog.
The US on Thursday raised concerns over India's Personal Data Protection (PDP) Bill and draft non-personal data governance framework, claiming these could potentially threaten innovation and economic growth. In its latest 'Special 301' Report, the US Trade Representative (USTR) kept India on the priority watch list, maintaining the country remains one of the world's most challenging major economies with respect to protection and enforcement of intellectual property (IP). In December 2021, a joint parliamentary committee released a report recommending changes to the PDP Bill, 2019, that could undermine important IP protections in India.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
The country saw two straight years of deficient monsoons.
It took a lockdown for us in India to even recognise that the plight of migrants needs to be addressed. They were faceless and unrecognised. They were unappreciated and even hounded. They were poorly paid and exploited, notes Ramesh Menon.
In view of the economic shock caused by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020. In view of the ongoing stress and the heightened uncertainty on account of the pandemic, RBI said it is imperative that banks continue to conserve capital to support the economy and absorb losses, if any. The decision is based on review of the September quarter financial performance of banks.
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Sakshi Balani presents an FAQ on the Food Security Bill that was passed by Lok Sabha on Tuesday.
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
The vaccine arrives at a critical moment for the US. Hospitalisations due to COVID-19 hit record highs for the seventh day in a row on Saturday.
In its weekly report on the pandemic, the World Health Organisation said on Tuesday that the incidence of COVID-19 has increased globally, initially driven predominantly by transmission of the Delta variant, particularly in the European region.
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
Blockchain's promise: Dramatically speeding up transactions, explains Ajit Balakrishnan.
"The emphasis is on making every rule, law, policy people-centric, and public-friendly. This is the use of the new governance model and the country is getting its results," Prime Minister Modi said while speaking at the launch of a platform for 'Transparent Taxation -- Honoring the Honest'.
Delhi power minister Satyendra Jain in an interview to Rediff.com contributor Upasna Pandey, says thatdiscoms will be able to cater to the peak power demand of up to 6,500 MW, provided residents cooperate by reducing peak time usage.
