ASSESSMENT
What is Barack Obama’s assessment of Joe Biden’s election campaign? What does he say in private?
A report claims that Barack Obama has confided privately to a group of trusted aides that Biden’s chances of a victory look bleak. He continues to support Biden and has lashed out at Trump.
Israel orders Palestinians to flee Khan Younis, signaling likely new assault on southern Gaza city
The Israeli army instructed a large-scale evacuation of Palestinians from much of Khan Younis on Monday. This order indicates that Israeli troops are likely preparing to launch a new ground assault into Gaza's second-largest city. The directive suggests Khan Younis will be the next target of Israel's raids into areas of Gaza previously invaded during the ongoing conflict, as they continue to pursue regrouping Hamas militants.
India's healthcare in critical condition: 4 out of 5 public health centers below par, reveals new Govt report
A recent Indian government self-assessment reveals that most public health facilities, including district hospitals and primary centers, fall short of essential standards. Only 20% meet benchmarks for infrastructure and resources, with 42% scoring below 50%. Initiatives aim to bring 70,000 facilities to standard within 100 days, backed by inspections and funding under the National Health Mission. This highlights urgent reforms needed to enhance healthcare nationwide, promising better services and equity in healthcare delivery.
Proactive measures initiated after Delhi airport canopy collapse incident, says Aviation minister Ram Mohan Naidu
Following the canopy collapse at Delhi Airport's Terminal 1, Civil Aviation Minister Ram Mohan Naidu announced immediate measures. A war room was established to ensure refunds or alternate flights for affected passengers within seven days. The Minister expressed condolences for the loss of life and emphasized safety measures, including inspections by IIT Delhi engineers. Flight operations have shifted to Terminals 2 and 3, with advisories issued to airlines to maintain fare stability. Long-term safety policies are under review.
Departments advised against blanket approval of Chinese FDI
There must be review and monitoring, including through robust IT tools and databases, when it comes to FDI from countries of concern, highly placed sources told ET. Once a system is in place, disposal of cases should take place through a time-bound mechanism, sources pointed out.
Makeover likely to give faceless I-T assessment a friendlier face
"It is being reviewed to assess effectiveness," said an official, adding that there is a line of thinking that it should be made optional for taxpayers. Another official said the idea is to address challenges in its implementation to ease compliance further for taxpayers. A final call will be taken shortly, the official said. The scheme was introduced on April 1, 2021, to reduce the human interface in tax disputes and assessments.
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RBI's timely action reduced vulnerabilities in unsecured loans: Shaktikanta Das
The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Thursday that timely actions by the central bank have helped in moderating vulnerabilities related to unsecured loans. This statement was made during the Second Global Conference on Financial Resilience organized by the College of Supervisors.
Proposed Rs 72,000-cr 'Mega Infra Project' in Great Nicobar poses grave threat to tribals, should be reviewed: Congress
The Congress has called for a halt to a proposed Rs 72,000-crore infrastructure project in Great Nicobar Island, citing grave threats to tribal communities and the ecosystem. Congress leader Jairam Ramesh highlighted concerns over forest land diversion, inadequate consultations, and violations of legal and constitutional provisions safeguarding indigenous groups. He demanded immediate suspension of clearances and impartial review by parliamentary committees.
Steering climate risk: How banks can be future-ready
Companies worldwide are assessing climate change risks, including the banking and financial services sector. Climate variability impacts sectors like agriculture, infrastructure, and energy, heavily reliant on banks for financing.
SBI launches digital business loans for small and medium cos
SBI launches SME digital loans programme using data from tax and GST returns for quick credit assessment and loan approval up to ₹50 lakh in 10 seconds without human intervention.
Climate change: Cos need some big changes on compliances
World Environment Day holds significance for companies amidst climate change. India Inc's environmental compliance record shows room for improvement. Only 122 of the top 1,000 companies disclosed conducting EIAs in their FY23 reports sourced from Prime Database.
CBSE detects huge difference in theory & practical marks, asks schools review assessment procedures
CBSE detects significant variation in theory and practical marks, advises schools to review internal assessment procedures for realistic assessment and value addition.
Brett Lee granted tax relief by ITAT due to invalid notice service
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) provided relief to former Australian cricketer Brett Lee in a tax case, ruling that the notice served to him under the Income Tax Act was beyond the limitation period. The case involved a ₹3 crore endorsement fee received by Lee for the assessment year 2013-14 from three Indian entities. The tribunal found that the notice, sent a day before the deadline and to the wrong email address, was invalid. As a result, the assessment order was quashed.
Adopting global standard, infra, risk-based regulation to help India improve quality of goods for exports: GTRI
The GTRI also recommended support to SMEs, avoiding quality control orders becoming non-tariff barriers, regulatory impact assessment, developing globally acceptable standards and inking mutual recognition pacts with trading partners to strengthen India's quality systems.
Income tax dept imposes penalty of Rs 4.68 cr on L&T
Indian multinational conglomerate Larsen & Toubro Ltd has been fined over Rs 4.68 crore by the income tax department for the tax proceedings of its former subsidiary, L&T Hydrocarbon Engineering Limited. The penalty was imposed due to the adjustment in the company's income tax assessment for the 2020-21 assessment year.
Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
Maximizing job opportunities in Canada: A guide for Express Entry candidates
Canada's economic immigration programs are vital for expanding the national workforce, with nearly all recent growth attributed to them, according to CIC News. To address labor needs, initiatives often connect with immigration programs, like hiring from the Express Entry pool. Employers must meet criteria, including offering skilled work and proving a lack of domestic candidates. Through the Job Match feature of the Job Bank, employers can match job postings with suitable candidates.
Bengal govt survey underway to assess damage caused by cyclone Remal: TMC's Abhishek Banerjee
Trinamool Congress (TMC) leader Abhishek Banerjee said that a survey by the West Bengal government to assess cyclone 'Remal' damage was being conducted. He promised Rs 1.2 lakh compensation per house within two weeks. Banerjee criticised the BJP for not supporting victims and urged voters to reject divisive politics. He predicted that the INDIA bloc would win the Lok Sabha elections.
ETMarkets AIF Talk: This Rs 300 crore fund manager unveils M.E.R.I.T strategy to pick investments for portfolio
Himanshu Kohli, Co-founder of Client Associates, discusses identifying themes early for investors and the fund philosophy emphasizing value in business with strong fundamentals and execution. He mentions raising Rs 300 crore in AUM.
Commerce dept mulls trade pact talks SOP, chapter on critical minerals in Chintan Shivir
The government in New Delhi is focusing on critical minerals in FTAs, data adequacy issues, and challenges in e-commerce. SOP for trade pacts, real-time negotiation challenges, and data sovereignty issues were discussed by the commerce ministry.
Commerce ministry working on standard operating procedure for FTA negotiation
The commerce ministry recently conducted a 'Chintan Shivir' in Rajasthan's Neemrana to discuss issues related to Free Trade Agreements (FTAs). The event included deliberations on standard operating procedures (SoPs) for FTA negotiations, capacity building, and addressing contemporary issues like labor, environment, and gender. Participants emphasised the importance of economic assessment, digital trade challenges, and interdisciplinary support for successful negotiations. They highlighted the need for expertise in law, economics, data analytics, and industry-specific knowledge.
The rise of AI in recruitment process: How companies are using artificial intelligence for hiring
Companies use AI tools like GenAI bots for candidate sourcing, resume screening, and skills assessment. HR executives say AI makes hiring quicker and more efficient. Genpact launched IMatch, an AI-based job-matching engine, resulting in improved productivity and faster hiring.
Over 50 pc of world's mangroves at risk of collapse, climate change leading factor: IUCN
Global mangrove assessment reveals over half at risk, 1 in 5 severely, due to climate change and threats like deforestation. IUCN's Red List used to measure health of ecosystems.
India held two-day "Chintan Shivir" to formulate strategy and SOPs for FTAs
The commerce ministry's two-day "Chintan Shivir" aimed to develop strategies for free trade agreements (FTAs), focusing on India's trade vision for 2047 and new FTA disciplines. Experts emphasized consultation with stakeholders and timely sharing of negotiation details. India is negotiating FTAs with various countries, including the UK, EU, Australia, Eurasian Economic Union, and Peru. Negotiations for the India-EU FTA are at a crucial stage, while the India-UK FTA has made progress but faces challenges like tariff reductions and fair treatment of Indian workers in the UK.
Centre to evaluate PM KISAN scheme to assess its impact on farmers
To be undertaken by the Development, Monitoring and Evaluation Office of NITI Aayog, the evaluation is being done to understand the success of the scheme in supplementing the financial needs of the farmers, its impact on farm income and the extent to which it has reduced dependence on moneylender. The scheme costs the government Rs 60,000 crore a year.
RBI warns NBFCs a mode they use for giving loans may bring grief
Bank Loans: The Reserve Bank of India has issued a caution to non-bank finance companies, advising them against becoming overly reliant on algorithm-based credit models. RBI Deputy Governor Swaminathan J flagged the importance of maintaining a balanced approach in credit assessment, highlighting potential risks associated with over-reliance on historical data and algorithms.
How to make every rupee count
The international aid squeeze has led to a reduction in official development assistance (ODA) to food systems, creating a financing gap of $350 billion per year. Multilateral development banks (MDBs) and international financial institutions (IFIs) play a crucial role in this context but need to improve impact assessment and reporting. The World Bank has shown leadership with its scorecard, but more needs to be done to quantify the cost of inaction.
Karnataka SSLC 10th Result 2024 now live: Check toppers, pass percentage, how to check score, and other details
SSLC 10th Result 2024 Karnataka: The Karnataka School Examination and Assessment Board (KSEAB) is gearing up to announce the Karnataka SSLC Result 2024 shortly. Students who appeared for the Karnataka Secondary School Leaving Certificate Exams 2024 can expect to access their results on the official websites at karresults.nic.in or kseab.karnataka.gov.in/english. Here's how to check results, date, time, pass percentage, and other details.
Karnataka SSLC 10th Toppers' List 2024: Check KSEAB class 10 merit list with names, marks, ranks
Karnataka SSLC Toppers List 2024 : In Karnataka, students are on the edge of their seats awaiting the release of the Karnataka SSLC results for 2024. Expected to be announced on May 9, these results are not only a crucial milestone for students but also an eagerly anticipated event for parents, educators, and the broader community. Stay tuned for updates on the SSLC toppers and the overall performance of students across the state.
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