Google’s ‘Internet Saathis’ now cover 2.6 lakh Indian villages


Google Indias ‘Internet Saathi‘ programme aimed to empower rural women how to use the Internet has now added two more states — Punjab and Odisha — thus reaching 2.6 lakh villages in 20 states, the company announced on Tuesday. Launched as a pilot project in 2015 along with Tata Trusts, ‘Internet Saathi’ programme focuses on

Cheaper fuel cost eases India’s June WPI to 2.02%

Lower prices of key transportation fuels along with manufactured items eased India’s annual rate of inflation based on wholesale prices to 2.02 per cent in June from 2.45 per cent in May, official data showed on Monday. Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce

Rainy days: Slowdown to further decelerate automobile production

With the ongoing sales slowdown showing little signs of abating, India’s automobile industry might further decelerate production, leading to eventual job losses.Apart from the slowdown, a weak Monsoon, inventory pile-up and stock management of BS-IV vehicles vis-a-vis BS-VI will hamper any production growth. The automobile sector has been impacted the hardest among major manufacturing sectors

US stocks close higher amid rate cut hopes, data

US stocks ended higher on Friday, ending the week on a strong note, amid broad optimism on potential rate cuts and decent US producer prices.The Dow Jones Industrial Average rose 243.95 points, or 0.90 per cent, to 27,332.03. The S&P 500 was up 13.86 points, or 0.46 per cent, to 3,013.77. The Nasdaq Composite Index

Nearing completion Swachh Bharat sees cut in allocation: Official

Governments much publicised Swachh Bharat Mission aiming to enhance the level of sanitation in India and make the country open defecation free (ODF) seems to be on its way out making way as other important schemes on solid waste management and drinking water is expected to get higher funding. The Finance Ministry has decreased allocation

‘WhatsApp messages can be traced without diluting encryption’

With India pressing for traceability of WhatsApp messages to check the spread of fake news, a member of the National Security Advisory Board (NSAB) has stressed that the issue can be easily resolved without diluting end-to-end encryption and affecting the privacy of users.”If WhatsApp says it is not technically possible to show the originator of

Railways plan to execute 491 projects in northeast

The Railway Ministry will execute 491 projects in seven northeastern states at a cost of Rs 6.48 lakh crore, Lok Sabha member from Tripura Pratima Bhowmik said on Thursday quoting Railway Minister Piyush Goyal. Bhowmik in a statement from New Delhi said that Goyal in his reply to her question in Parliament on Wednesday said

Budget extends tax on NRIs for receiving gifts from resident Indians

The expensive gift that you kept for your overseas cousin or friend may attract tax from this year with the Budget 2019-20 proposing to impose withholding tax all such transfers, plugging an earlier loophole that allowed its tax- free treatment. The Finance Bill 2019 has imposed tax on any sum of money paid or any

Housing sales in major cities fall 13% in April-June: Anarock

Sale of housing units across seven major cities in the country declined by 13 per cent on quarter-on-quarter (QoQ) basis during the April-June quarter of 2019, an Anarock report said on Tuesday. Sales declined to 68,600 units from 78,520 units in the January-March quarter, the report said.”As anticipated, residential real estate activity remained largely tepid

MBD Group celebrates 9th Founder’s Day

Founder’s Day is the most awaited annual celebration for every member of MBD family. This year it marks the 74th birth anniversary of our Founder, Shri Ashok Kumar Malhotra–an exemplar for business and society. Every year on 10 July MBDians renew their pledge to pursue his vision and values. The theme of MBD Group’s 9th

Budget for more power to customs officers, industry fears misuse

While the government on one hand claims to ensure ease of doing business, the Budget proposal authorising customs officers to detain a person for verification in the interest of revenue or for preventing smuggling has serious scope for misuse. Such persons would be required to undergo authentication and an enabling provision has been proposed in

India among top 5 nations who tweet most about Bitcoin

India is among the top five countries that tweet the most about Bitcoin and Facebook’s upcoming “Libra” cryptocurrency. The US leads in the volume of tweets referencing Bitcoin and “Libra” digital coin that is expected to come in 2020, revealed crypto-trading platform The TIE in a series of tweets. The study found that 38.9 per

Jai Kisan! Big farm push expected in first Budget of Modi 2.0

Finance minister Nirmala Sitharaman, who will present her maiden Budget, is likely to fulfil many of the promises made by the Prime Minister during his toiling poll campaign culminating in the historic mandate. Taking forward the setting up of a separate ministry for fisheries (one of the promises made by Modi), the Budget will have

Attracting private investment in industry a challenge, says Economic Survey

The Indian industry and infrastructure sector’s real challenge is to bring in adequate private investment in collaboration with the public sector, said the Economic Survey 2018-19.”The real challenge lies in bringing adequate private investment across the country with the collaboration of public sector. Along with physical infrastructure; provision of social infrastructure is also equally important

US-India Forum to honour Wipro’s Premji, Mastercard’s Banga

Wipro Chairman Azim Premji and Mastercard Chief Executive Officer Ajay Banga would be honoured with the global excellence award for their contribution to strengthening economic ties between the US and India, said a partnership Forum on Wednesday. “Premji and Banga will receive the 2019 global excellence award at the second annual leadership summit of the

Will hire more talent across verticals: Samsung India

Samsung India on Tuesday said that after generating 2,000 new jobs in the past one year, the south Korean giant would hire more talent across verticals throughout the year as it “continuously realigns resources” as per business priorities. Reacting to a media report that said Samsung is slashing 1,000 jobs in India in the face

BSNL says it will not be closed down

Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company. In a statement issued here, the company said: “There is no proposal to close down BSNL as wrongly reported in a section of the press. Due to stiff

Budget discussion may start from July 8: FinMin

Parliament is likely to start discussion on the General Budget on July 8 while voting on Demands for Grants is likely between July 11-17 as the Narendra Modi government presents the first Budget of the second term on July 5.”The tentative dates for discussion and voting on demands-for-grants for 2O19-20 are expected between July 11-17.

Instagram threatening Amazon with its e-trade plans

The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends to do. In his first public interview on the company’s future strategy since taking over at

WhatsApp to end Android 2.3.7 and iOS 7 OS support in 2020

Facebook-owned mobile Messaging service WhatsApp would no longer support devices using the Android 2.3.7 operating system and iPhones using iOS 7 after February 1, 2020.WhatsApp’s updated FAQs said on Tuesday that users whose devices have those operating systems “can no longer create new accounts, nor re verify existing accounts” after that date. The company said