US makes renewal of H-1B visa more difficult

October 26, 2017

WASHINGTON/NEW DELHI: The Trump administration has made it more difficult to renew non-immigrant visas such as H-1B and L1, popular among Indian IT professionals, with a new directive saying the burden of proof lies on the applicant even when an extension is sought. The new directive came even as external affairs minister Sushma Swaraj said in Delhi that she had raised the issue of H-1B visas+ with visiting US secretary…

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Government To Simplify Aadhaar-Based Verification Of Existing SIMs

October 26, 2017

The government has initiated a series of measures, including allowing re-verification at subscribers’ doorsteps and One Time Password (OTP) based authentication of existing users, to make the entire exercise easier for telecom subscribers. New Delhi: The process of re-verification of existing mobile subscribers using Aadhaar is set to become simpler and more convenient, according to an official source. The government has initiated a series of measures, including allowing re-verification at…

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Banking Shares Surge On Government’s Rs. 2.11-Lakh-Crore Recapitalisation Plan

October 26, 2017

Investors sent shares of State Bank of India, the biggest lender, up as much as 29 per cent to their highest since January 2015. The benchmark NSE Nifty rose as much as 1.3 per cent, touching a record high. Mumbai/New Delhi: Banking shares soared on Wednesday, sending indices to record highs after the Cabinet approved a $32.4-billion plan to recapitalise its state banks over the next two years, although it…

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Social media, cyberspace have increased threat of terrorism: Nirmala Sitharaman

October 25, 2017

NEW DELHI: Defence minister Nirmala Sitharaman on Tuesday said that “social media and cyberspace” have increased the threat of terrorism, as they can be used to manipulate people’s minds. “Social media and cyberspace have expanded the threat (of terrorism), as these are exploited by terrorists to develop less visible but lethal ways and means of manipulating minds of the people,” she said in an address at the fourth ASEAN Defence…

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Efforts On To Bring Petroleum Products Under GST, Says Dharmendra Pradhan

October 25, 2017

“We are trying to build the consensus with the state governments on this issue democratically,” said Mr Pradhan. Indore: Union Minister Dharmendra Pradhan said on Tuesday that efforts are on to build a consensus with the state governments over bringing in petroleum products under the ambit of the Goods and Services Tax (GST). His statement has come at a time when the demand for levying GST on petroleum products has…

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Crackdown on touts! East Coast Railway launches drive against unauthorised ticket vendors

October 24, 2017

The vigilance wing of East Coast Railway (ECoR), along with Railway Protection Force (RPF), has launched a drive against unauthorised ticket vendors and touts as part of their efforts to make the reservation system more transparent. The vigilance wing of East Coast Railway (ECoR), along with Railway Protection Force (RPF), has launched a drive against unauthorised ticket vendors and touts as part of their efforts to make the reservation system…

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Banks prefer to increase PoS machines than ATMs

October 24, 2017

CHENNAI: Banks are now more keen on expanding their points of sale (PoS) network than ATMs due to the government’s focus on digital transactions after demonetisation and lower amounts of cash in circulations. According to RBI data, banks have increased PoS machines by 95% this August to nearly 29 lakh from last year. In comparison, the number of ATMs has only increased 2.5% to 2.2 lakh machines. For PoS makers,…

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Government may lower visa fee to attract tourists in lean season

October 24, 2017

Foreigners may get to pay a lower visa fee for vacations in India during the lean season, with the government considering concessions aimed at making the country a year-round destination for tourists from all over the world. The idea, mooted by group of young CEOs at a recent Niti Aayog event, has found favour with the tourism ministry, which has started talks with the ministry of external affairs to work…

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U.S. Warns Public About Attacks on Energy, Industrial Firms

October 23, 2017

The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed via email late on Friday that the nuclear, energy, aviation, water and critical manufacturing industries have been targeted along with government entities in attacks dating back to at least May. The U.S government issued a rare public warning about hacking campaigns targeting energy and industrial firms, the latest evidence that cyber attacks present an increasing…

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Linking Aadhaar to bank accounts mandatory, clarifies RBI

October 23, 2017

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not mandatory to link Unique Identification Authority of India-issued Aadhaar to bank accounts. “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017,” the central bank said…

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ATM malware has evolved to attack banks’ corporate network: Report

October 23, 2017

BENGALURU: ATM malware has evolved from requiring physical access to infect the machines to now successfully attacking network-based access using the bank’s corporate network, a new report said on Tuesday Global cyber security solutions leader Trend Micro and Europol’s European Cybercrime Centre (EC3) released a comprehensive report titled “Cashing in on ATM Malware”, that details both physical and network-based malware attacks on ATMs as well as highlights where the malware…

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Do you have gold in your locker? You’ll be taxed depending on how long you have kept it

October 21, 2017

Do you have gold in your locker? You’ll be taxed depending on how long you have kept it If you have been religiously investing in gold around every Diwali for the last 10 years, you must be a rich person now. The yellow metal has risen three-fold in the last decade. However, before you think of taking out your gold from the locker and selling it to realize the gain,…

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