I T ACT
AI power in rural Bihar: How i-Saksham is empowering young women with help from Google’s AI
A not-for-profit organisation taps Google AI to bridge gender gap, foster community development and create a network of women leaders who can drive social progress and educational initiatives in underserved regions.
Supreme Court to consider setting up bench to hear pleas against passage of laws as money bills
Earlier, the top court had said it would constitute a seven-judge bench to consider the issue of validity of passage of laws like the Aadhaar Act as a money bill.
'Oppn always has to be ready for elections in Parliamentary democracy': Chidambaram amidst Lalu's prediction of NDA fall
Congress leader and Rajya Sabha MP P. Chidambaram has emphasized the importance of opposition parties being prepared for elections in a parliamentary democracy. This comes after Rashtriya Janata Dal Chief Lalu Yadav suggested that the Narendra Modi-led National Democratic Alliance (NDA) government could fall by August, leading to elections at any time.
US President Joe Biden signs into law bill enhancing US support for Tibet
President Joe Biden signed "The Resolve Tibet Act," urging China to peacefully resolve its occupation of Tibet through dialogue with the Dalai Lama or his representatives. The Act aims to address China's repression of Tibetan people's rights and promote a negotiated settlement based on international law. It empowers Tibetans to counter Chinese disinformation and calls for genuine autonomy and self-determination for Tibet. The US and Tibetan organisations welcomed the law.
Trai told to suggest pricing & terms for satellite spectrum
The Department of Telecommunications (DoT) has requested the Telecom Regulatory Authority of India (Trai) to propose pricing, terms, and conditions for the administrative allocation of satellite airwaves under the newly enacted Telecommunications Act, 2023. This move comes as the Act mandates spectrum allocation for satellite services without auctions. Trai officials, while confirming the reference from DoT, anticipate providing recommendations after consulting stakeholders, aiming to finalize rules by year-end. This administrative spectrum allocation is intended for point-to-point connections, excluding direct retail consumer services, pending definition through forthcoming regulations.
Bounce Infinity to assemble, sell UK’s Zapp i300 electric two-wheelers in India
Bounce Infinity will manufacture and distribute the i300 range of vehicles, which Zapp had first introduced in 2018. The firm also sells its range of electric scooters. It had raised $20 million in a funding round in January last year, with participation from the likes of Peak XV Partners, Chiratae Ventures and Accel.
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Budget 2024: Zerodha's Nithin Kamath wants govt to add additional exemption in capital gains tax
Section 54F of the Income Tax Act offers an exemption on long-term capital gains earned from selling assets (excluding residential houses), if the sale proceeds are used to buy or build a new residential house.
Bounce Infinity to assemble, sell UK’s Zapp i300 electric two-wheelers in India
Bounce Infinity, previously Wicked Ride, will manufacture Zapp's i300 two-wheelers in Bhiwadi. With post-COVID-19 rebranding and $20 million funding from investors like Accel, Bounce shifted to scooter rentals. Targeting a 45% market share by 2030, its operating revenue increased sixfold in 2022-23. However, 2023-24 financials are pending.
Stock ‘GIFT’ to founders of tech cos, unicorns comes under ED lens now
The ED is investigating technology firms and unicorns for violating FEMA through offshore fundraising tactics. The 'gift' of shares to Indian founders is under scrutiny, raising concerns over overseas direct investment. Indian promoters are being questioned and may need to explain past transactions.
Rahul Gandhi urges PM Modi to visit Manipur, says he will add pressure on govt to act
Rahul Gandhi urges PM Modi to visit Manipur after visiting relief camps. PM Modi states efforts to normalize situation with over 11,000 FIRs filed and 500 arrests. Both central and state governments working to restore peace in Manipur.
'Dreaming of Khalsa Raj not a crime': Amritpal Singh disowns mother's statement
Radical Sikh preacher Amritpal Singh distances himself from his mother's statement denying Khalistani support, emphasising his commitment to the 'Panth' and Sikh Raj in an official statement. Singh warns his family against compromising on Sikh ideals and clarifies his stance on the matter, following his oath-taking as a Lok Sabha member. Singh, currently jailed under the National Security Act, won the Khadoor Sahib seat in the 2024 elections.
EU vs Big Tech: the cases keep mounting
European regulators have launched a series of probes into Big Tech. In the latest move, the European Commission asked Amazon for more information on its compliance with the Digital Services Act (DSA), which requires Big Tech players to do more to tackle illegal and harmful content on their platforms.
Delhi's latte-me-pay culture brewing
Delhi's 'brewtherly' pay-it-forward coffee trend, 'Mocha Hood,' includes suspense, fiscal heroism, and caffeinated kindness. Baristas adapt charges subtly, central to this culture. Social etiquette challenges and existential crises accompany growing queues, making each coffee purchase a crucial character statement.
Regional labour office gives a clean chit to Foxconn on alleged case of discrimination against married women
In its submission to the labour ministry on Wednesday, the regional labour commissioner, Chennai, said there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn's Chennai iPhone factory.
These two stocks can act as Rahul Dravid of your portfolio: Gautam Shah
So, I like the power PSUs, but I am not a big fan of the defence and the railway PSUs anymore. And we have seen this post June 4th that PSU as a basket has not been moving with the market on a daily basis.
I am legally separated from my husband. Do I have right to wedding jewellery and gifts received as streedhan?
Readers estate planning queries answered.
Deemed university not covered under RTI Act unless government-controlled, Delhi HC
The Delhi High Court ruled that universities deemed under the UGC Act are not inherently public authorities under the RTI Act. The court emphasized the importance of balancing privacy concerns and public interest, highlighting the need for government control or financing to trigger RTI obligations, safeguarding individuals' privacy rights.
Labor Ministry seeks detailed report from Tamil Nadu government on discriminatory hiring practice at Foxconn plant
The Indian government has requested a detailed report on hiring practices at Foxconn's iPhone plant in Tamil Nadu, following reports of married women being excluded from assembly operations. The ministry of labour and employment has directed its regional office to provide the report, as section 5 of the Equal Remuneration Act, 1976 stipulates no discrimination in recruitment.
Apple delays rollout of AI features in Europe
Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of "regulatory uncertainties" linked to the EU's new landmark legislation to curb the power of big tech. Apple earlier this month unveiled "Apple Intelligence," its suite of AI features for its coveted devices as it looks to reassure users that it is not falling behind on the AI frenzy.
Apple expands iPhone satellite connectivity with latest OS update, but itwon’t reach Indian iPhones yet
Apple has enhanced satellite connectivity on iPhones with iOS 18, enabling users to send and receive messages via satellite in areas with no cellular or Wi-Fi coverage. Initially limited to emergency services, this feature is now available for regular messaging in 16 countries, but is yet to be launched in India pending regulatory approvals. The update leverages existing satellite technology and allows users to seamlessly switch to satellite for messaging, ensuring connectivity even in remote areas without the need for a satellite terminal.
We, the children, must receive protection
A recent investigation revealed that nearly 10,000 minors were wrongly held in adult prisons in India between Jan 2016 and Dec 2021, based on an iProbono report and RTI responses. The Juvenile Justice (Care and Protection of Children) Act 2015 prohibits placing children in adult prisons.
Rare move by govt: IL&FS, two subsidiaries ordered to recoup Rs 150 crore from ex-directors after accounts farce
This comes after IL&FS and the two arms in question had to recently reissue their account statements to show losses of Rs 9,600 crore for financial years 2013 to 2018, instead of a profit of Rs 1,869 crore originally shown. The original account had to be superseded following the unearthing of massive irregularities.
Nepalese citizens' plea puts I-T in dock for invoking Black Money Act
Two Nepalese citizens have challenged the Indian Income Tax Department's invocation of the Black Money Act against them, arguing that they are tax residents of Nepal, not India. The case raises questions about how the law applies to foreigners from countries with double tax avoidance treaties with India. Specifically, the case highlights issues concerning Nepal, where citizens can move freely in and out of India without passports due to a "Treaty of Friendship" between the two countries.
Over 9,600 children jailed in adult prisons between January 2016 and December 2021: Study
A study by legal rights body iProbono reveals that over 9,600 children were wrongly held in adult prisons in India from 2016 to 2021. The study obtained data through the RTI Act, exposing flaws in the juvenile justice system. Many states showed discrepancies and lack of compliance, highlighting a pressing issue.
ICICI Securities questions the maintainability of the class action contesting the delisting and merger
The case pertains to ICICI Securities' announcement last year, which allowed delisting and merger with ICICI Bank, with 67 shares of ICICI Bank being offered for every 100 shares of ICICI Securities.
Mehbooba Mufti opposed withdrawal of AFSPA from Jammu & Kashmir when I was CM: Omar Abdullah
Omar Abdullah accuses Mehbooba Mufti of opposing AFSPA removal in Jammu and Kashmir, while addressing the crisis within the National Conference over supporting candidates for the Ladakh Lok Sabha seat, leading to resignations and seat-sharing disagreements with the Congress.
New MSME payment clause in I-T Act: Supreme Court tells traders to move HC
On Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, small, and medium enterprises (MSMEs) within 45 days to avail tax benefits.
Apple's iPadOS subject to tough tech rules, EU says
Apple's iPad operating system is labeled a gatekeeper by EU antitrust regulators under the Digital Markets Act. The ecosystem locks in both business and end users, with Apple given six months for compliance.
Consumers sue Apple, taking page from US Justice Department lawsuit
At least three proposed class actions have been filed since Friday in California and New Jersey federal courts by iPhone owners who claim Apple inflated the cost of its products through anticompetitive conduct.
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