NOT Financial News

government will soon meet social media platforms on the deepfake issue, IT Minister Ashwini Vaishnaw said on Saturday, asserting that the safe harbour immunity clause will not apply if platforms do not take adequate steps to remove deepfakes. Vaishnaw told reporters that the government had recently issued a notice to companies on the deepfake issue, and the platforms responded, but added that the firms will have to be more aggressive in taking action on such content.

social media platforms on the deepfake issue, IT Minister Ashwini Vaishnaw said on Saturday, asserting that the safe harbour immunity clause will not apply if platforms do not take adequate steps to remove deepfakes. Vaishnaw told reporters that the government had recently issued a notice to companies on the deepfake issue, and the platforms responded, but added that the firms will have to be more aggressive in taking action on such content.

IPEF members concluding the negotiations for fair and clean economy agreements, India should follow a cautious approach while finalising the text of these pacts as new commitments need not restrict its policy space or tax revenue generation abilities, a report said. Think tank Global Trade Research Initiative (GTRI) said in its report that after the conclusion of the negotiations, the IPEF member countries, including India will now do domestic consultations and legal reviews and prepare final texts of the proposed agreements. While doing that, the government needs to «focus on ensuring that new commitments do not overly restrict its policy space or tax revenue generation abilities,» it said. This includes careful considerations in areas such as clean economy commitments, labour standards, and agricultural policies, it added. India, the US and 12 other members of the Indo-Pacific Economic Framework for Prosperity (IPEF) have this week concluded the negotiations on the clean and fair economy agreements with a view to strengthen the implementation of effective anti-corruption and tax measures and promote sustainable trade. It was announced after the third IPEF ministerial meeting held in San Francisco, California, this week.

skipper Pat Cummins on Saturday said that a "good wicket" may be on offer for the title clash at the Narendra Modi Stadium on Sunday. The highly anticipated clash between the two cricketing giants will mark a fitting end to what has been a spectacular event so far.

United Nations official on Friday renewed calls for a «humanitarian ceasefire» to allow aid to reach the 2.2 million people trapped in the bloody conflict between Israel and Hamas. «Call it what you will, but the requirement, from a humanitarian point of view, is simple. Stop the fighting to allow civilians to move safely,» UN humanitarian chief Martin Griffiths said in an address to the UN General Assembly. «We are not asking for the moon,» Griffiths said.

State Bank of India’s chairman Dinesh Kumar Khara on Friday said the Reserve Bank of India’s move on consumer loans would not affect the lender’s ability to grow. “I think overall, we are not really impacted as much in terms of our ability to grow and support the book which we have. But yes, of course, there could be certain other entities which might experience some kind of a pressure as far as supporting this kind of book is concerned,” Khara said in an interview with ET Now. The impact of the increased risk weight on personal loans, including credit cards, will be 55-60 bps, said the SBI chairman. Further, Khara said that SBI's capital adequacy ratio stood at 14.28% as of September end.

Arvind Kejriwal on Friday sounded the poll bugle and asked AAP workers to go to every household in the national capital and tell people about the «conspiracies» of the BJP and ensure it doesn't get a single seat here in the 2024 Lok Sabha elections. Addressing a congregation of AAP workers (karyakarta sammelan), Kejriwal also told them to ask people in every household if they want him to continue to serve as the chief minister from jail in case he is arrested or should he resign. «I have no lust for the chief minister's post.

Investors are getting smarter, not necessarily ‘adventurous’. That’s the reading by experts in the mutual fund industry, in light of the rising inflows into small-cap funds.

Commerce and Industry Minister Piyush Goyal has called upon the world leaders to join hands as a global community to construct a future where climate action is not a burden but an opportunity for innovation and growth. While speaking at the APEC Informal Leader's Dialogue in San Francisco on November 16, the minister also highlighted India's environmental leadership in meeting the renewable energy target of 175 gigawatts nine years ahead of the target.

Mastercard’s expert Ashok Venkateswaran has expressed skepticism about the current viability of widespread central bank digital currencies (CBDC), claiming that the broad adoption of CBDC could be “difficult,” according to CNBC.

The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.

André 3000 is ready to make a remarkable return to the music scene, but with an unexpected twist. His highly awaited upcoming album, "New Blue Sun," takes a significant departure from his rap roots, showing an innovative fusion of flute and woodwind tone instruments instead of the conventional vocals that defined his earlier work. The 48-year-old Grammy-winning artist recently talked about the reasons behind this creative shift.

More than 150 startups around the globe are chasing the same ambitious goal: meat conjured from animal cells that doesn’t require raising and killing animals

IDBI Bank Ltd may not be completed in the current fiscal year. Pandey said that the transaction is “on course" but there are aspects like the RBI's fit and proper criteria which need to be complied with. “We practically don't think that before March, we can conclude it (IDBI Bank stake sale)," he said.

S Jaishankar said on Wednesday that India is not ruling out an investigation into the killing of a Canadian Sikh activist in British Columbia, but said Canada must provide evidence in support of its allegations that agents of the Indian government were potentially involved in the murder. Jaishankar was responding to questions from veteran journalist Lionel Barber during a conversation titled ‘How a Billion People See the World' in London. “If you have a reason to make such an allegation please share the evidence because we are not ruling out an investigation,” said Jaishankar, who is on a five-day official visit to the UK. He said Canada has not shared any evidence with India to support its allegations. The minister further said freedom of speech and freedom of expression come with a certain responsibility and the misuse of those freedoms and the toleration of that misuse for political purposes would be very wrong. Referring to the attacks on the High Commission of India in Canada, he said Indian diplomats were intimidated in public, with no action from the authorities against culprits. India-Canada ties touched a new low, following Canadian Prime Minister Justin Trudeau's allegations in September of a “potential” involvement of Indian agents in the killing of Khalistan supporter Hardeep Singh Nijjar on June 18.

By David Kirton

Jyotiraditya Scindia calling Congress leader Priyanka Gandhi a «part-time leader», former Madhya Pradesh CM and state Congress president Kamal Nath said that what Scindia used to say for Shivraj Singh and the Prime Minister when he was in Congress is not «erased.» «What Jyotiraditya Scindia used to say for Shivraj Singh and PM when he was in Congress, is not erased. Now, he is saying for Congress what he used to say for them,» former MP CM said on Thursday. The war of words between Scindia and Priyanka Gandhi started when the Congress leader on Wednesday attacked her former party colleague, saying that the latter is «short in height but is high on arrogance». Priyanka Gandhi, addressing a public rally in Datia, Madhya Pradesh, also took a swipe at Scindia, calling him a 'traitor'.

Bombay High Court has said conducting a DNA test on the child of a rape victim after adoption would not be in the child's best interest. A single bench of Justice G A Sanap on November 10 granted bail to a man accused of raping a 17-year-old girl and impregnating her. The girl gave birth to the baby and put the child up for adoption.

Secularism for India does not mean being non-religious but an equal respect to all faiths, but the «appeasement» government policies of the past made the biggest religion of the country feel like it had to be self-deprecatory in the name of equality, External Affairs Minister S Jaishankar has said. During an interaction entitled 'How a Billion People See the World' at the Royal Over-Seas League in London on Wednesday evening, Jaishankar was asked if India had changed since the Nehruvian era to become less liberal and more «Hindu majoritarian» under the BJP-led government.

fixed deposits (FDs), you will be happy to know that the era of rising interest rates on fixed deposits is not over yet. Some factors that indicate this is credit growth remaining much higher than deposit growth; the recent decision of the Reserve Bank of India (RBI) to increase the investment limit of non-callable deposits to Rs 1 crore; and the expected higher food inflation due to El Niño hitting India’s food production. As an FD investor, you can take advantage of rising interest rates to invest in term deposits. But, first, let’s understand how interest rates of fixed deposits will be impacted in the short term and long term.

India won the semi-final match against New Zealand, its 10th consecutive win in the current ICC World Cup, to secure a place in the Final. Several Indian players contributed to this victory, including Virat Kohli, who achieved his record-breaking 50th ODI century, Shreyas Iyer with his second consecutive hundred, and the remarkable performances by Rohit Sharma, Shubman Gill, and Mohammed Shami. But, former England captain Nasser Hussain singled out Rohit Sharma as the true hero of the Indian team.