Before every annual Budget, the real estate sector trots out a highly optimistic (and unrealistic) wish list to the Finance Ministry. Whether the industry actually expects the upcoming Budget to cure all its woes with a wave of its magic wand is beside the point. Unrealistic expectations — many completely outside the purview of the Finance Ministry — have become the norm.
Plan and Policy
Plan & Policy
In 2018, an engineering company in Mumbai was the victim of a cyber attack, who made transfer of over Rs 20 lakh from their accounts. According to the registered FIR by Powai police, it was a case of Man-In-The-Middle (MITM) attack, where attackers intercepted the communication of the company and targeted the hacked parties for transferring the money in hacker’s account. No arrests have been made in the case as yet. MITM is a public domain wireless attack, which can be performed very easily by a small level hacker.
Hundreds of Rohingya Muslim families have left India for Bangladesh since seven Rohingya men were deported to their home country Myanmar in October, community leaders said on Thursday, and more were preparing to flee a crackdown.
Trai chairman RS Sharma on Thursday expressed hope that the telecom sector is set to achieve stability soon post consolidation and the country needs heavy investment in fibre if it is to succeed in 5G technology and services roll out.
Refuting strongly the allegation of giving away valuable telecom spectrum without auction and thereby defying the Supreme Court order, telecom minister Manoj Sinha on Wednesday said administrative allocation of microwave spectrum did not violate the apex court order as the order was only for access spectrum not backhaul like microwave and the entire process was done under TRAI recommendations.
Traders' body CAIT on Wednesday urged the government not to accede to any demand by large e-commerce players or US associations for changes or delayed implementation of revised FDI norms for e-commerce alleging that these firms are lobbying hard and its time government should probe their business. CAIT will launch a nation-wide protest if the government accedes to the e-commerce player’s demand to change or delay the implementation of revised FDI norms for e-commerce.
The Cabinet on Wednesday approved a Rs 22,594-crore expansion of Numaligarh refinery in Assam for increasing the capacity by 6 million tonnes per annum to meet the fuel demand of north-eastern India.
The government will provide a Rs 1,020 crore viability gap funding for the project, said Coal and Railway Minister Piyush Goyal in a news briefing on Cabinet decisions.
Exide Industries Ltd, the country’s largest lead acid storage battery maker, has now rolled out a new range of next generation online UPS called Power NXT. Using cutting edge technology, these online UPS range is targeted at the burgeoning SOHO (small office home office) segment as well as large format retailers.
The BJP will kick-start a three-day series of rallies to be addressed by party chief Amit Shah across West Bengal on January 20, a day after Mamata Banerjee's mega show featuring opposition leaders from across the country. The announcement by state BJP president Dilip Ghosh comes amid an apex court directive asking the state government to allow the saffron party to hold public meetings.
A day after two independent MLAs withdrew support to the ruling coalition in Karnataka, Congress general secretary KC Venugopal on Wednesday asserted that none of his party legislators were going to quit and said a clear picture would emerge on Thursday.
"Not even one MLA is going to quit Congress. I have contacted my MLAs, and therefore, I am telling you this very confidently. In fact, by Thursday evening, you will have a clear picture about Karnataka," he said.