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video was shot from a car which was also waiting at the same signal. Since the video has been posted, it has got over 58,000 views on Facebook. In the comments sections, netizens looked divided by the whole situation.

₹250 crore and minimum ₹50 crore can be imposed on entity violating the norms. "No suit, prosecution or other legal proceedings shall lie against the central government, the board, its chairperson and any member, officer or employee thereof for anything which is done or intended to be done in good faith under the provisions of this Act or the rules made thereunder," the bill said.

Lok Sabha on Monday passed the Digital Personal Data Protection Bill, 2023 which lays down the obligations of entities handling and processing data as well as the rights of individuals. The bill proposes a maximum penalty of Rs 250 crore and minimum of Rs 50 crore on entities violating the norms. The norms will apply to personal data collected within India from data principals online, and personal data collected offline, but subsequently digitised. It will also apply to such processing outside India if it is for offering goods or services to individuals in India. Union Communications, Electronics and Information Technology Minister Ashwini Vaishnaw had tabled the bill in the lower house on August 3. Opposition had demanded that it should be sent to the standing committee for scrutiny. While moving the bill, Vaishnaw had rejected suggestions that it was a money bill saying it was a «normal bill». The bill provides for the processing of digital personal data in a manner “that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes”.

IndiGo, India's largest airline, is seeking more g... moreIndiGo, India's largest airline, is seeking more global partners and exploring codeshare agreements with international airlines to fuel its global expansion plans.

PSU stocks have had a very strong run. And the one thing which is actually going in the favour of all the PSU banks is that as we move towards May of next year, the infrastructure spend and all the public government spend is only going to accelerate further which is good news for all the PSU banks," says Chakri Lokapriya, CIO & MD, TCG AMC.Do you also believe that perhaps that linear move in some of these PSU stocks is now behind us?PSU stocks have had a very strong run.

Reliance Industries: Reliance Industries Ltd (RIL) has sought the nod of shareholders to appoint Mukesh Ambani as chairman and managing director of the company for another five years till 2029. During this period he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years of age for the chief executive of the company and requires a special resolution by the shareholders for him to be appointed beyond that age bar, according to a PTI report.

Editors Guild of India has raised concerns about the Digital Personal Data Protection (DPDP) Bill, urging the Lok Sabha speaker to send the draft law to a Parliamentary Standing Committee so that some of the issues potentially having a “chilling effect on journalistic activity in the country” could be discussed. The Information Technology ministry has also been urged to reconsider the bill so that access to a free Press, essential to a vibrant democracy, isn’t curbed.

Maruti 800 king of the Indian road, the latest available data show companies are launching a disproportionate number of autos and other products at the higher end, reflective of a K-shaped recovery following the pandemic, said market researchers and senior industry executives. That’s narrowing choices at the lower end, where demand has been languishing in the past few years, they said. The number of car models available in the sub Rs 10 lakh category more than halved to 27 in the June quarter from 57 in FY19, according to data available with manufacturers. Models priced over Rs 10 lakh almost doubled to 50. Of the half a dozen or so passenger vehicles unveiled this fiscal year, only the Maruti Suzuki Fronx and the Hyundai Exter have variants priced below Rs 10 lakh. The Maruti Suzuki Jimny and the new Kia Seltos as well as the forthcoming Citroen C3 Aircross and the Honda Elevate are all tagged upward of Rs 10 lakh. In consumer durables, of the 170 televisions launched in the current calendar year, 100 were in the premium 50-inch-plus display size. According to electronics industry market researcher GfK India, the share of such premium televisions in total sales has grown almost four times since 2019 in the first six months of this year. GfK India data show the number of laptops priced above Rs 50,000 stood at 69% of the total models launched in the January-June period compared with 47% in the same period of 2019.

New Delhi: The Centre anticipates objections from World Trade Organization (WTO) members over the recently imposed import restriction on IT hardware such as computers and electronic items but believes the move won’t lead to the opening of a formal dispute at the international trade body, a government official said. Trade experts believe India, which imports over $8 billion of the listed products, could be dragged to the WTO for the restriction. Fears of a pushback from countries also come against the backdrop of an ongoing WTO dispute over Indian import duty on information communications technology (ICT) products with half-a-dozen countries.

Rajeev Chandrasekar said on Sunday.India has an exciting opportunity and to make that opportunity fruitful, it should focus on developing commercially and globally competitive technology, he said at an event here. «The government is fully committed to making sure that DIR-V (Digital India RISC-V) microprocessor is the Indian ISA (Instruction Set Architecture), and we are ready to back the industry in developing cutting edge competitive systems,» he said in a virtual address at the Digital India RISC-V Symposium.

Imphal West district to facilitate the general public to purchase essential items including medicine and food items, announced the DM Imphal West on Sunday. «The restriction of movement of general public outside their residences is hereby lifted from 05:00 AM to 12:00 noon of August 7, 2023 (Monday) for all areas of Imphal West District, » the notice read.

Indirect Taxes and Customs or CBIC (formerly knows as Central Board of Excise and Customs) was set up in 1964. Last in 2014, a cadre restructuring and reorganisation of field formation was undertaken under which 23 central excise zones, 4 service tax zones, 11 customs zones, 60 appeal commissionerates, 45 audit commissionerates, 8 large taxpayer units and 20 directorate generals/directorates were approved to be set up.

ICICI Bank-Videocon's 2019 case, the Central Bureau of Investigation (CBI) has claimed that credit facilities sanctioned by the bank to the Videocon group turned into non-performing assets (NPAs) of more than ₹1,000 crore. The anti-money laundering agency said it in the charge sheet filed against the ICICI Bank's former CEO Chanda Kochhar, her husband Deepak Kochhar, and Videocon founder Venugopal Dhoot on Saturday.

The latest introduction by SEBI of a simplified process for the primary issuance of bonds by corporates could be quite helpful. Unlike equity issuances, bond issues are more frequent and very time and cost-sensitive. Private placement is the right approach for these kinds of issuances.

Government restricts import of laptop, computers, tablets] for computing devices such as laptops, tablets, all-in-one personal computers (PCs), and servers that has now been [Government delays licensing mandate for import of laptops and PCs by 3 months] pushed by three months to 1 November, the idea of becoming an Atmanirbhar Bharat or a self-reliant India in the information technology (IT) hardware space remains a compelling, and logical proposition for the country on many counts. First, it will help the country reduce its imports from China (India’s trade deficit with China stood at $83.1 billion in 2022-23), pre-empt other geopolitical pressures that impact trading, and strengthen the country's hardware supply chain.

Directorate of Revenue Intelligence (DRI) Ahmedabad on Saturday arrested three masterminds of a smuggling racket operating through the Mundra Special Economic Zone (SEZ) and recovered smuggled goods valued at Rs 100 crores. The DRI said that these three accused were involved in the smuggling of E-Cigarettes, branded mobile accessories, premium branded shoes, bags, perfumes, and electronics items through the Mundra SEZ.

NIA) on Saturday said it has arrested the sixth accused in connection with the IS Maharashtra module case related to IS' conspiracy to disrupt peace in the country. The accused was identified as Aakif Ateeque Nachan. The NIA said that he was arrested for his involvement in the fabrication and testing of Improvised Explosive Devices (IED) for commission of terrorist acts and arranging a hideout for two other terror operatives.

Chandrayaan-3 spacecraft, which has covered about two-thirds of the distance to the Moon since its launch, successfully entered into the Lunar orbit on Saturday, former ISRO scientist Tapan Mishra said the lunar mission was an illustration of the country breaking new grounds in space exploration. Speaking to in Kolkata, Mishra said, «Our rockets (launch vehicles) are not very powerful. Once the rockets escape the earth, they need a velocity of 11.2 km/s to make further progress.

On August 3, 2022, when the Personal Data Protection (PDP) Bill was withdrawn from Parliament, government officials acknowledged the many complexities and serpentine iterations that had crept into the bill through the years. A senior official from the Ministry of Electronics and Information Technology compared the bill to a broth that had been touched by too many cooks.

Forty-four companies, including top brands, have already applied for incentives under the production-linked incentive (PLI) scheme for IT hardware manufacturing, a top government official said. The recently notified import restrictions on products such as laptops and tablets were introduced from a security perspective but will spur local production and won’t lead to supply disruptions, according to this person. IT hardware companies have been told about the licensing portal where it takes five to 10 minutes to get approval for an import licence, this official said.