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    LEVEL PLAYING FIELD

    NBFC lobby group demands dedicated refinance bank, more level playing field with banks

    The Finance Industry Development Council (FIDC) has urged for a dedicated refinance window through Small Industries Development Bank of India (Sidbi) to reduce NBFCs' reliance on banks and address liquidity challenges. FIDC also seeks harmonisation of regulations with banks for tax benefits and recovery processes. RBI has raised concerns about NBFCs' heavy reliance on bank funding, prompting calls for regulatory alignment and improved access to funds for NBFCs.

    Modi will make sure India gains from changing world order: Author Amish

    Author and former diplomat Amish openly supports PM Modi in Lok Sabha elections, emphasizing the need for right leadership in India to benefit from changing world order. His documentary 'Ram Janmabhoomi Temple' explores the historical narrative around the temple's demolition.

    Senior-level adtech and martech roles combine creativity, tech and business sense

    The adtech (advertising technology) and martech (marketing technology) sectors require a unique balance of creativity, business acumen, and technological skills, especially at senior levels. Companies seek professionals with expertise in data analytics, AI/ML, and digital marketing, as these roles are crucial for connecting brands with customers and driving hyper-personalization.

    Senior-level IT services hiring in 2024 focuses on new-age skills

    IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.

    IPL 2024 playoffs: What are CSK and RCB's chances now after SRH enters top 4?

    Sunrisers Hyderabad (SRH) secured an IPL play-off spot with 15 points after rain forced their match against Gujarat Titans to be called off. They joined Kolkata Knight Riders and Rajasthan Royals in the play-offs. SRH's final league game will be against Punjab Kings on May 19, while Gujarat Titans were eliminated from play-off contention.

    Manchester City eyeing return to top of table with win at Spurs

    Manchester City aims to lead the Premier League over Tottenham Hotspur. Erling Haaland's form stands out, while Richarlison is injured. Heung-Min Son's performance declines. Rivalry between Celtic and Rangers noted.

    • We want to score more field goals: Craig Fulton, head coach, Indian men’s hockey team

      Coach Fulton shares insights on team adjustments, performance improvements, and challenges faced in Olympics preparation. Emphasizes the importance of balancing squad rotation, building depth, and preparing for top opposition in upcoming events for Paris Olympics.

      Mechanisms in place to track social media, difficult to look at everything: Delhi poll body chief

      Chief Electoral Officer P Krishnamurthy detailed the Delhi poll body's strategies to track paid news and social media, mentioning challenges in online platform oversight. The Election Commission focuses on countering misinformation and ensuring a level playing field during the elections.

      EC asks political parties to remove fake content within 3 hours

      Recently, fake videos showing Union Home Minister Amit Shah, Congress leader Rahul Gandhi, and actors Aamir Khan and Ranveer Singh were removed from specific social media accounts, and legal complaints were lodged.

      Big 4's dominance: Local companies call for level playing field

      Indian auditing firms are pushing for fair competition with multinational counterparts, expressing concerns over the Big Four's increasing dominance and alleged manipulation of regulatory loopholes. The Institute of Chartered Accountants of India (ICAI) recently investigated affiliates of EY, Deloitte, PwC, and KPMG, where the firms were able to obtain court stays against disciplinary actions by the ICAI disciplinary committee after years of scrutiny, according to local rivals.

      No level playing field; Only opposition raising real issues: Tejashwi Yadav

      Rashtriya Janata Dal leader Tejashwi Yadav is busy campaigning in Bihar for the Lok Sabha polls. Amid this, Yadav spoke to ET's Kumar Anshuman on the campaign, his outreach to the economically backward communities (EBCs) and the prospect of the INDIA bloc in the elections. Excerpts:

      Govt favours level playing field in telecom amid satcom entry

      The government is committed to maintaining a fair "level-playing field" in the telecom sector, especially regarding satcom services. Spectrum will be allocated administratively but at fair pricing. A letter will be sent to Trai for suggestions on pricing and modalities for satellite spectrum allocation. Parliament has not sought to change the 2012 Supreme Court judgment favoring auction as the preferred method for spectrum allocation. The government's recent filing with the Supreme Court was to inform them about specific cases requiring administrative allocation of airwaves, not to seek a change in the verdict.

      EC appoints special observers in states to ensure level playing field in LS polls

      Special Observers (General and Police) have been deployed in West Bengal, Uttar Pradesh, Maharashtra, and Bihar where the population is more than seven crore and also in Andhra Pradesh and Odisha where the simultaneous elections to the Assemblies are to be held, the poll authority said.

      Election Commission acts swiftly on violations ahead of Lok Sabha polls

      The Election Commission directed the removal of unauthorized political ads, swiftly transferring officials, and enforcing the model code of conduct. With the MCC now in effect, the EC aims to ensure fair play, particularly regarding the conduct of the party in power. The cVigil app has been instrumental in reporting violations, reflecting the EC's commitment to maintaining the integrity of the electoral process. The challenge lies in curbing surrogate violations and maintaining the decorum of political discourse amidst heightened campaigning.

      Kejriwal's arrest: Opposition seeks EC intervention, demands level playing field
      Model Code: EC asks govt to stop sending 'Viksit Bharat' messages on WhatsApp

      The Commission had received several complaints that such messages highlighting the government's initiatives are still being delivered on citizens' phones despite the announcement of the General Elections 2024 and the Model Code of Conduct entering into force. "In response, MeitY had informed the commission that although the letters were sent out before MCC came into force, some of them could have possibly been delivered to recipients with a delay because of systemic and network limitations," the ECI said.

      ECI shakes up district administration in four states, transfers non-encadred DMs & SPs

      The Election Commission of India issues transfer orders for non-cadre officers in Gujarat, Punjab, Odisha, and West Bengal, aiming to ensure fairness in the ongoing Lok Sabha Elections 2024. Officers in key positions like District Magistrate and Superintendent of Police are being transferred to maintain a level playing field. This move follows the Commission's commitment to fairness and integrity in the electoral process, as emphasized by Chief Election Commissioner Rajiv Kumar.

      Lok Sabha polls: Gujarat govt appoints new home secretary following ECI order

      AK Rakesh appointed as additional chief secretary of Gujarat by ECI, replacing Pankaj Joshi. Joshi held dual charges in the chief minister's office, potentially compromising impartiality and neutrality during the electoral process.

      CEC tells West Bengal officials to ensure level playing field during polls

      "The state machinery is primarily responsible for free and fair elections... Impersonation should not be tolerated," Kumar said. He assured that a sufficient number of central security forces will come to the state and they will be deployed in an impartial manner. Polls in West Bengal are known to be fiercely contested. It has also witnessed violence in the past. "CAPF's duty is to travel across the country and thus they have come here. It is the primary duty of state police and responsibility of all combined."

      Protect farmers, fishermen in developing nations: India at WTO

      India calls for a level playing field in agriculture, highlighting the disparity in subsidies provided by developed countries. They propose a 25-year moratorium on fishing subsidies beyond EEZs. They emphasize the importance of a permanent solution on public stockholding and advocate for common but differentiated responsibilities, Special and Differential Treatment, equity in fair trade, and protection of their sovereign rights.

      Opposition asks Govt and ECI to implement SC order and release donors' names

      They asked the Modi government to follow the judicial order and ECI to release the names of donors. Congress sounded caution against any move by the Centre to try and circumvent the order through an ordinance. A jubilant CPI(M) reminded all that it was the only political party among the petitioners in the case against the electoral bonds.

      Budget 2024: Need for crypto-friendly budget, level-playing field, says WazirX's Rajagopal Menon

      Rajagopal Menon says Indian crypto industry seeks level playing field, stable banking connections, and optimized taxes in upcoming budget. Regulatory measures expected to address TDS reduction, loss tax rule change, and taxation alignment with equity shares. Support for innovation and blockchain development crucial, G20 roadmap to be followed, optimized crypto taxes to boost investor confidence and encourage investment in Indian crypto ecosystem are needed. Closer collaboration between industry and government also needed for balanced regulation and mutual benefits.

      Anand Mahindra shares video of women playing cricket on hills, says 'India takes cricket to another or many levels'

      Anand Mahindra sparks joy with a viral video featuring a unique cricket match in India. The clip showcases women playing on terraced steps, defying traditional cricket fields. With players strategically positioned on different levels, the video reflects India's innovative cricket culture. The post garnered 828k views and diverse reactions. While many applauded the creativity, some raised concerns about potential risks on the uneven terrain. This unconventional take on cricket exemplifies India's passion for the sport and its ability to redefine traditional norms.

      Centre notified mineral auction rules to cap upfront payments

      In a recent development, the central government has introduced new revisions to the Mineral auction rules. These changes aim to ensure transparency and fair competition in the bidding process. According to the revised rules, the upfront payment for mineral auctions will now be capped at Rs 500 crore.

      Mahindra calls for EV level playing field amid Tesla's India entry plans

      Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, Reuters reported last month.

      Telcos push for D2M policy relook to ensure level-playing field

      Telecom operators have raised concerns over the government's draft policy on direct-to-mobile (D2M) networks, urging a reevaluation to ensure a fair playing field. They have warned of potential regulatory arbitrage if the policy is implemented hastily. The government is currently considering a proposal for D2M networks that would allow TV channels to be streamed on mobile devices without using cellular data.

      Set level playing field for English-educated urban and vernacular-medium rural youth in UPSC, says panel

      To address the issue of shortage of IAS officers, the Central government has been recruiting 180 IAS officers on annual basis. The Committee has recommended the DoPT to consider increasing the annual intake of direct recruit IAS officers to bridge the deficit, the report added. It also pointed out that the deficit of IAS officers stems partly from the fact that the promotion quota IAS vacancies are not being filled up by states on time.

      AIF industry: Sebi is at the perfect regulatory vantage point to undertake any requisite corrective measures

      Sebi has been alert in building a regime for a market that has emerged as one of the fastest-growing investment destinations. However, Sebi (Alternative Investment Funds) Regulations 2012 have undergone significant changes over the past decade. These changes have resulted in some regulatory excesses.

      Not to water down water neutrality

      NITI Aayog's initiative of defining "water neutrality" is a crucial step towards creating a fair assessment of industries and businesses' water consumption and conservation claims. The standard definition will prevent greenwashing and promote best practices for water conservation. The suggested definition obligates the claimant to prove their freshwater consumption is less than the verified water savings. The policy on water use should reflect the definition to sustain water resources.

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