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How Google plans to bolster online safety in India

How Google plans to bolster online safety in India

Rediff.com25 Aug 2022

Tech titan Google on Thursday announced new online safety initiatives in India, including multi-city cybersecurity roadshows to upskill about 100,000 developers and digital safety-focused grants of $2 million from Google.org to community organisations.

MSP panel sets up 4 sub-groups to discuss key issues, SKM opts out of meet

MSP panel sets up 4 sub-groups to discuss key issues, SKM opts out of meet

Rediff.com22 Aug 2022

The committee, headed by former agriculture secretary Sanjay Agrawal, discussed ways to "promote zero budget based farming", to "change" crop patterns keeping in mind the changing needs of the country, and to make MSP more "effective and transparent".

Ethical Code to keep doctor, drugmaker nexus at bay not mandatory yet

Ethical Code to keep doctor, drugmaker nexus at bay not mandatory yet

Rediff.com22 Aug 2022

'Gift-giving' - from free dinners and drug samples to promotional merchandise - seems to be driving drugmakers' marketing - a marketing prescription deeply entrenched in the industry. This is a well-oiled racket that sees pharmaceutical (pharma) companies 'gifting' doctors to push their respective drugs under the guise of marketing. But is there a cure in sight to end this unhealthy alliance? The recent controversy following the income-tax raids on Bengaluru-based drugmaker Micro Labs, makers of popular paracetamol brand Dolo-650, has brought this to the fore, again.

Indians remitted $6 bn in Q1FY23 under LRS scheme

Indians remitted $6 bn in Q1FY23 under LRS scheme

Rediff.com22 Aug 2022

Outward remittances under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) made a strong comeback in the first quarter of FY23 as Indians increased spending on international travel, maintenance of close relatives, and gifts. The latest data for Q1FY23 released by the RBI shows that remittance by Indians under the scheme jumped 64.75 per cent to over $6.04 billion from $3.67 billion in Q1FY22. The amount remitted in Q1FY23 is even higher than that in Q4FY22, where outward remittance under LRS was to the tune of $5.8 billion. In April, about $2.02 billion was remitted, followed by $2.03 billion in May, and $1.98 billion in June, data released by RBI in the August bulletin shows.

Dolo tablet makers gave freebies worth Rs 1,000 cr to docs, SC told

Dolo tablet makers gave freebies worth Rs 1,000 cr to docs, SC told

Rediff.com19 Aug 2022

The claims were made after the Income Tax department had on July 6 raided 36 premises of the Bengaluru-based Micro Labs Ltd. across nine states.

'1ft-long ponytail': Giriraj, Tejashwi in Twitter spat over job promise

'1ft-long ponytail': Giriraj, Tejashwi in Twitter spat over job promise

Rediff.com12 Aug 2022

Tejashwi Yadav on Friday called out Union Minister Giriraj Singh for sharing an "edited video" of an interview to suggest that the young Rashtriya Janata Dal leader was going back on his promise to create 10 lakh jobs in the state.

ISRO's maiden SSLV launch places satellites in wrong orbit

ISRO's maiden SSLV launch places satellites in wrong orbit

Rediff.com7 Aug 2022

The Indian Space Research Organisation on Sunday faced a blip in its plan to tap the small satellite launch vehicle market, as an anomaly in the placing of the satellites by the rocket led to deviation on its path thereby becoming 'no longer usable', Chairman S Somanath said on Sunday.

How start-ups are shaking up offline pharma business

How start-ups are shaking up offline pharma business

Rediff.com3 Aug 2022

Bulk of the medicine sales in the $22-24 billion domestic pharma market happens through offline retail chemists. With the entry of online pharmacies, this space has started to witness a shake-up. Sample this: Dawaa Dost, a Rajasthan based digital health start-up, generates medicine orders from 'kirana' stores and women self-help groups (SHGs) that operate in villages, and then service these orders through its affiliated network of pharmacies. Biddano, another health-tech start-up, has a platform that acts as an aggregator for neighbourhood chemist shops.

UP seeks to take embassies' help to boost exports

UP seeks to take embassies' help to boost exports

Rediff.com2 Aug 2022

The Uttar Pradesh government will tap the Indian embassies in the US and European countries in its bid to double merchandise shipments to Rs 3 trillion in the next 4-5 years. The Indian embassies in the US, UK, Germany, Australia, Israel, Singapore, etc. will promote the micro, small and medium enterprises (MSME) products, apart from traditional handicrafts and indigenous products, under the state's flagship One District One Product (ODOP) scheme. "Indian embassies will provide the much-needed traction and visibility to our traditional products in key export destinations across the globe," UP additional chief secretary (MSME and export promotion) Navneet Sehgal told Business Standard.

7.22 lakh out of 22.05 crore applicants got govt jobs between 2014-22: Centre

7.22 lakh out of 22.05 crore applicants got govt jobs between 2014-22: Centre

Rediff.com27 Jul 2022

A total of 22.05 crore applications were received during the period.

'Polyester Flags Go Against The Ethos Of Freedom Movement'

'Polyester Flags Go Against The Ethos Of Freedom Movement'

Rediff.com26 Jul 2022

'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'

Scottish cricket found to be 'institutionally racist'

Scottish cricket found to be 'institutionally racist'

Rediff.com25 Jul 2022

'The governance and leadership practices of Cricket Scotland have been institutionally racist'

'Public Sector Banks Don't Like To Loan To MSMEs'

'Public Sector Banks Don't Like To Loan To MSMEs'

Rediff.com21 Jul 2022

'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'

Eight months after rolling back farm laws, Centre sets up MSP panel

Eight months after rolling back farm laws, Centre sets up MSP panel

Rediff.com19 Jul 2022

Nearly eight months after the government repealed the three controversial farm Acts, it has constituted a high-powered panel under the chairmanship of former agriculture secretary Sanjay Agarwal to make the minimum support price (MSP) mechanism more effective and transparent as promised by Prime Minister Narendra Modi in his televised address announcing the repeal. The names of three members from the Samyukta Kisan Morcha (SKM), the main grouping that spearheaded the year-long agitation at Delhi's borders, have been withheld, pending receipt by the government, stated a gazette notification. NITI Aayog member Ramesh Chand, Indian Institute of Management-Ahmedabad Professor Sukhpal Singh, Indian Farmers Fertiliser Cooperative chairman Dilip Sanghani, secretaries of the Departments of Agriculture, Indian Council of Agricultural Research, Food and Consumer Affairs, Cooperation and Textiles, along with representatives from the state governments of Karnataka, Andhra Pradesh, Sikkim, and Odisha will also form part of the panel.

Repayment pressure to test banks' loan underwriting quality: Fitch

Repayment pressure to test banks' loan underwriting quality: Fitch

Rediff.com14 Jul 2022

Mounting repayment pressure for some borrowers, particularly micro, small and medium-sized enterprises, amid India's interest rate hikes will test banks' loan underwriting quality, Fitch Ratings said on Thursday. However, asset-quality risks from higher rates should generally be moderate for most banks, it said in a statement. Higher rates will also affect securities valuations and could make it harder for banks to raise fresh capital, particularly at state banks, although wider net interest margins (NIM) will have offsetting positive credit effects, it added.

I-T raids at manufactures of Dolo-650

I-T raids at manufactures of Dolo-650

Rediff.com6 Jul 2022

The Income Tax department Wednesday conducted searches at the premises of Bengaluru-based pharmaceutical company Micro Labs Ltd, the manufacturers of Dolo-650 tablet that was widely used by COVID-19 patients during the last over two years, on charges of alleged tax evasion. Officials said the department is looking at financial documents, balance sheets and business distributor networks of the company as part of the searches. The PTI has sent queries on the action to the company and a response is awaited.

'Amazon In India For Next 100 Years'

'Amazon In India For Next 100 Years'

Rediff.com4 Jul 2022

'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'

India gets $1.75 bn World Bank loan for health, private investment

India gets $1.75 bn World Bank loan for health, private investment

Rediff.com1 Jul 2022

The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.

New Interest Regime: Both Customers And Banks To Feel Pain

New Interest Regime: Both Customers And Banks To Feel Pain

Rediff.com29 Jun 2022

Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay.

Domestic toy makers see surge in sales after dip in Chinese imports

Domestic toy makers see surge in sales after dip in Chinese imports

Rediff.com27 Jun 2022

According to industry sources, domestic toy manufacturers are seeing a sharp rise in sales during the current financial year. On January 1, 2021, India had banned the sale of toys that are not certified by the Bureau of Indian Standards (BIS). This meant that all factories churning out toys to be sold in India had to be certified by the bureau along with mandatory product testing, including for units abroad.

Five years of GST: Recovery of input tax credit still a struggle

Five years of GST: Recovery of input tax credit still a struggle

Rediff.com27 Jun 2022

Agra has long been known for the Taj Mahal, but it is also a manufacturing hub filled with micro, small and medium enterprises (MSMEs) that make everything from electronic components to metal products, from paints and chemicals to footwear. And five years after the introduction of the Goods and Services Tax (GST), the MSMEs here complain that while the indirect tax regime has been transformative, cutting out the need to file multiple taxes, its biggest drawback has been the delay in credit refunds. Whoever you speak to - MSME owners, tax lawyers, or industry bodies like the National Chambers of Industries and Commerce (NCIC), Agra Footwear Manufacturers and Exporters Chamber (AFMEC) and Agra Shoe Manufacturers Association (ASMA) - they all emphasise that the GST continues to face some key challenges.

How Chandrakant Pandit shaped MP's Ranji triumph

How Chandrakant Pandit shaped MP's Ranji triumph

Rediff.com26 Jun 2022

Madhya Pradesh humbled domestic powerhouse Mumbai by six wickets in a one-sided final to win their maiden Ranji Trophy crown, at the M Chinnaswamy Stadium, in Bengaluru on Sunday. It was an achievement of sorts for coach Chandrakant Pandit, who exorcised the ghosts of losing one at the same venue 23 summers ago. It was a record sixth national title for Pandit as a coach.

'Get-rich-quick' days over for crypto investors

'Get-rich-quick' days over for crypto investors

Rediff.com24 Jun 2022

A sharp fall in the price of Bitcoin and other cryptocurrencies is another hard blow to the already sinking cryptocurrency market in India. Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets. The recent past has seen a much sharper fall in the price of the leading cryptocurrency, Bitcoin.

Little choice for beverage cos but to import paper straws

Little choice for beverage cos but to import paper straws

Rediff.com23 Jun 2022

Parle Agro, which sells beverages such as Frooti in small tetra packs, has already started importing paper straws. Dabur India, which sells its fruit juices in tetra packs under the brand Real, is also considering importing paper straws.

How to buy fresh vegetables and fruits

How to buy fresh vegetables and fruits

Rediff.com14 Jun 2022

Sight, smell and touch will help ensure that you are picking up something fresh and ready to use.

Satyendar Jain's photo sparks torture allegations from AAP

Satyendar Jain's photo sparks torture allegations from AAP

Rediff.com11 Jun 2022

A picture of arrested Delhi Minister Satyendar Jain with a harried and weary look circulating on social media on Friday drew sharp reactions from Aam Aadmi Party leaders and supporters.

Loans to get more expensive as banks hike lending rates

Loans to get more expensive as banks hike lending rates

Rediff.com10 Jun 2022

A day after the Reserve Bank of India's (RBI's) Monetary Policy Committee hiked the policy repo rate by 50 basis points (bps), several commercial banks, including ICICI Bank and Bank of Baroda, raised their external benchmark-linked loan rates by an equal amount on Thursday. HDFC, the country's largest mortgage lender, too, increased its interest rates on housing loans by another 50 bps. In total, it has raised rates by 85 bps since May 4, when the RBI had increased the repo rate by 40 bps in an off-cycle meeting.

Taken An SBI Loan, But Not Repaid It?

Taken An SBI Loan, But Not Repaid It?

Rediff.com6 Jun 2022

There are loans to salaried people where the borrower is employed, but has failed to make repayment. Such loans would be identified and sold in a pool to ARCs.

Hospitality deals pick up after a lull as HNIs, family offices check in

Hospitality deals pick up after a lull as HNIs, family offices check in

Rediff.com3 Jun 2022

After a two-year lull, the deal pipeline in India's hospitality sector, which has witnessed a strong revival since the second wave of the pandemic receded, is running full. Family offices, high net-worth individuals (HNIs) and institutional investors are looking at the sector with renewed interest, according to investment and transaction advisory firms working on multiple deals. Most of them declined to divulge details of the deals for reasons of confidentiality. The cumulative debt of the tourism, hotels and restaurant sector rose 8.2 per cent year-on-year (YoY) to Rs 64,408 crore as of March 25, 2022 against Rs 59,519 crore on March 26, 2021, according to the Reserve Bank of India.

Power outage: Jalandhar MSMEs' new struggle

Power outage: Jalandhar MSMEs' new struggle

Rediff.com20 May 2022

With the Covid-19 pandemic showing signs of ebbing and economic activity picking up, factory owners in Jalandhar had hoped that the worst was over. However, the heat wave in April and extensive power cuts that came with it, have crushed their hopes. The city's large number of micro, medium and small enterprises (MSMEs) are now gearing up for yet another struggle, this time to survive with the shortage of power that is severely impacting their operations.

Dating Quiz: What is a Thirst Trap?

Dating Quiz: What is a Thirst Trap?

Rediff.com20 May 2022

Take this dating quiz and find out if you're innocent, guilty or naughty.

MIM leader held over 'derogatory' post on Gyanvapi 'Shivling'

MIM leader held over 'derogatory' post on Gyanvapi 'Shivling'

Rediff.com18 May 2022

ACP, Crime Branch, J M Yadav said Danish Qureshi, a panelist on news channel debates, was arrested after his purported post on the micro blogging site on reports about discovery of a 'Shivling' inside Varanasi's Gyanvapi mosque complex during a court-mandated videography survey drew criticism from some quarters.

Twitter openly left-wing, censors right-wingers: Insider

Twitter openly left-wing, censors right-wingers: Insider

Rediff.com17 May 2022

People working at the company hate 'hated' Elon Musk's USD 44 billion bid to take control of the company.

Buzzing Manesar hub goes silent in powerless summer

Buzzing Manesar hub goes silent in powerless summer

Rediff.com16 May 2022

The intensity of power crisis this season has hit a new high with average coal stock dipping to less than eight days. The first of a pan-Indian series, based on a ground report, shows how the Manesar industrial hub is coping with the challenge. As the scorching heat wave and the lengthy power cuts intensify in Haryana, the usually bustling labour chowk of the Industrial Model Township (IMT) of Manesar wears a deserted look.

How govt will judge the performance of PSUs

How govt will judge the performance of PSUs

Rediff.com11 May 2022

The number of times public sector undertakings (PSUs) have held conference calls with investors, their capital management, and debt financing are among the parameters that the Centre will use to judge their performance for the first time, a senior official in the know said. The government will evaluate PSUs for FY22 based on new parameters that were finalised by the Department of Public Enterprises (DPE) in consultation with the Department of Investment and Public Asset Management (DIPAM) last year, the official said. The government had included more conditions in the memorandum of understandings (MoUs) - used to set annual targets - that public sector enterprises sign with the DPE every year. These included a consistent dividend policy, which seeks to transfer dividends by PSUs every quarter; and market capitalisation or share price improvement over the sectoral index on an annual average basis for listed companies.

Explained: Why M&As are rising in India & how investors can benefit

Explained: Why M&As are rising in India & how investors can benefit

Rediff.com4 May 2022

Tesla Inc chief Elon Musk is set to acquire micro-blogging site Twitter for about $44 billion. Back home, India Inc, too, is seeing aggressive merger and acquisition (M&A) activity with PVR-Inox and HDFC-HDFC Bank announcing their mergers recently. While Axis Bank recently acquired Citi India's India retail business, reports suggest Larsen & Toubro Infotech (LTI) and Mindtree could be eyeing a merger.

Hardik Patel drops Congress from Twitter bio, next step exit?

Hardik Patel drops Congress from Twitter bio, next step exit?

Rediff.com2 May 2022

Gujarat Congress working president Hardik Patel on Monday removed his designation and party poll symbol of 'hand' from his Twitter profile amid mounting speculation about his next political move after he launched a scathing attack on the state party leadership and praised the ruling BJP.

Bank credit likely to grow at 4-year high of 11-12% in FY23

Bank credit likely to grow at 4-year high of 11-12% in FY23

Rediff.com29 Apr 2022

Bank credit is likely to grow at a four-year high of 11-12 per cent in fiscal 2023, on the back of better economic growth and budgetary support from the government, according to a report. In the fiscal ended March 2022, bank advances have likely grown at 9-10 per cent. "Healthy economic growth and budgetary support from the government should lift bank credit growth by 200-300 basis points to 11-12 per cent this fiscal," Crisil Ratings said in the report. The higher credit growth expectation is also supported by the improved resilience of the banking system, it added.

Govt may not auction 27.5-28.5 Ghz band; leave it for satellite firms

Govt may not auction 27.5-28.5 Ghz band; leave it for satellite firms

Rediff.com29 Apr 2022

The government may not auction spectrum frequency range between 27.5-28.5 gigahertz and leave it for satellite services, according to official sources. The Telecom Regulatory Authority of India (Trai) had recommended a base price for this frequency range and suggested that it can be used for both mobile as well as satellite services. Two official sources acknowledged that Department of Telecom (DoT) is considering auctioning spectrum only up to 27.5 Ghz as sharing between the two services is difficult.

MG Motor, BPCL in JV to boost EV charging infrastructure

MG Motor, BPCL in JV to boost EV charging infrastructure

Rediff.com25 Apr 2022

Automaker MG Motor India on Monday said it has partnered with Bharat Petroleum Corporation Ltd (BPCL) to bolster EV charging infrastructure across the country. The partnership with BPCL will add momentum to EV adoption by expanding opportunities for intercity travel as the two entities will install EV chargers across highways and within cities, the automaker said in a statement. With BPCL's vast customer reach and operations and MG's strides in the EV space, the two entities can combine expertise to strategically identify charging sites, garner consumer insights, devise loyalty programs, and create technology to manage charging systems, it added.

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