MINISTRY S DATA
Govt's gross liabilities rise by 3.4 pc to Rs 171.78 lakh crore at March-end: Finance Ministry
Government's total gross liabilities rose to Rs 171.78 lakh crore by March 2024 from Rs 166.14 lakh crore in December. Public debt, at 90.2% of total, saw a 3.4% increase in Q4 2023-24. Indian bond yields softened due to fiscal adjustments, while US treasury yields were volatile. Ownership patterns of securities shifted.
Korean Air flight descends 25,000 feet in five minutes due to depressurization, passengers hospitalized with nosebleeds
A Korean Air aircraft flying to Taiwan had to return to Incheon Airport due to an unexpected depressurization. The 737 Max has a problematic past, including crashes in Ethiopia and Indonesia in 2018 and 2019.
"Disappointing...": BJP leader Rajeev Chandrasekhar on NEET UG exam issue
BJP leader Rajeev Chandrasekhar expressed disappointment over students being disadvantaged in the NEET UG exams but praised the government's steps to ensure exam integrity. The NTA, which conducted the exams, faced criticism for alleged irregularities. The Ministry of Education formed a high-level committee, led by Dr K. Radhakrishnan, to recommend reforms for transparent and fair exam conduct, data security, and NTA functioning. The committee will submit its report in two months.
HM Amit Shah suggests creation of large ponds in northeast, use of ISRO data for flood control
Union Home Minister Amit Shah has proposed the creation of at least 50 large ponds in the northeast to divert water from the Brahmaputra River, aiming to help tackle floods and develop agriculture, irrigation, and tourism. He also highlighted the importance of using satellite imagery provided by the Indian Space Research Organisation (ISRO) for flood and water management. Shah also highlighted the need to upgrade the forecast system of river water levels for better flood management.
Formal job creation under ESIC down by 7.8% in April to 1.64 million as compared to 1.78 million in April 2023
The provisional payroll data, released by the ministry of labour and employment shows that out of the total 1.64 million employees added during the month, 0.78 million employees or 47.6% of the total employees added to ESIC were up to 25 years of age, suggesting more jobs have been generated for the youth of the nation.
DPDP rules nearly ready, industry consultations likely soon: Ashwini Vaishnaw
Consultative process planned for DPDP Act rules. Creating a digital by-design platform for implementation. Stakeholder feedback crucial for final rules.
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Just a few clicks away: Pan-India school data
What if with a few clicks on computer, one could pinpoint why students in a particular school in Bihar are doing poorly in Mathematics or why the attendance of girl students is consistently low in schools in a particular block in Maharashtra, or whether a mid-day meal was served to all children in a district in Assam or not?
IT ministry appoints new group coordinator of cyber laws division
Deepak Goel, Scientist G of NIC, appointed as Group Coordinator of Cyber Laws and Data Governance division of MeitY, replacing Sandip Chatterjee.
Govt may release DPDP rules for public consultation before start of Parliament session
The DPDP Act, passed in August, aims to have administrative rules notified within a year to ensure compliance. The Act focuses on personal data collection, processing, and storage, marking India's first regulation on digital personal privacy. The rules are crucial for data protection, stakeholder engagement, and regulatory enforcement.
Tokyo shares range-bound after mixed US finish
Tokyo stocks traded in a narrow range on Friday after a mixed finish on Wall Street as investors await key US jobs data. "The Tokyo market is expected to stay within a narrow range in early trade after the US market ended mixed," brokerage house Monex said.
Gold prices drift higher ahead of US payrolls data
Gold prices rose on Thursday as investors awaited U.S. non-farm payrolls data to determine potential interest rate cuts.
New govt to build on past success in tech; more initiatives in offing, says IT Secretary
NDA set to form government for a third term, IT Secretary S Krishnan discusses tech initiatives. Meity to continue new initiatives, build on past successes.
Sweltering heat triggers 15% rise in India's power consumption in May
India's power consumption surged by 15% to 156.31 BU in May 2024 due to scorching heat, leading to increased use of cooling appliances. Peak power demand hit a record high of 250.07 GW, surpassing the previous peak of 243.27 GW. Experts project a peak demand of 260 GW this summer, driven by soaring temperatures.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
Congress slams Devendra Fadnavis over FDI data, says Maharashtra has always been on the top
The MVA government under Uddhav Thackeray fell in June 2022 after Eknath Shinde led a rebellion in Shiv Sena and joined hands with the BJP to become the chief minister. Congress is an MVA partner.
Dollar ascendant as surging US yields spur demand for safe havens
The dollar surged to a two-week high against major peers on Thursday due to a rout in Treasuries, boosting its appeal with higher U.S. yields and demand for safe haven assets.
India's coffee exports rise 12% to $1.28 billion in 2023-24
India's coffee exports increased by 12.22% to USD 1.28 billion in 2023-24 due to higher demand for Robusta coffee in global markets. The country, Asia's third-largest coffee producer, exports Arabica and Robusta varieties. Coffee shipments increased by 13.35% to 1,25,631 tonnes during January-March 2023-24.
Govt saying aye to laying strong AI foundation
The government may rope in higher education institutes, key researchers for the model that can be customised for wide range of applications. It will be trained on publicly available data, digitised records of books, journals and research papers from public libraries.
290 cases of COVID-19 variant KP.2, 34 cases of KP.1 detected in India: INSACOG data
India has reported 290 cases of KP.2 and 34 cases of KP.1, both sub-lineages of COVID-19 responsible for a surge in cases in Singapore. However, a Union health ministry source said these are all sub variants of JN1, and there is no associated increase in hospitalization or severe cases. The Indian SARS-CoV-2 Genomics Consortium (INSACOG) has found 34 cases of KP.1 across seven states and UTs, with Maharashtra reporting the highest number at 148.
Peak power demand hit 229.6 GW on Saturday
India's peak power demand hit 229.6 GW on May 18 during a severe heatwave, meeting the estimated 235 GW. Last year's peak was 243 GW in September despite monsoon deficits. Maximum temperatures reached 46 degrees Celsius in affected regions, leading to high electricity demand.
EPFO created 11.4% more formal jobs in 2023-24 at 15.4 million, shows payroll data
The provisional payroll data, released by the ministry of labour and employment on Monday, shows 1.44 million net members were added to EPFO in March, 2024 vis-a-vis 1.54 million added in February out of which 0.74 million were new members.
Most states out with draft rules under new labour codes, about 3 cr job opportunities in 2022-23: Labour secretary
Labour secretary Sumita Dawra said the labor reforms have been put in place with an eye on ease of doing business, simplification, and reduction in compliance burden, decriminalization and seamless dispute resolution, promotion of labor market flexibility at the same time in harnessing female participation, leveraging technologies, and meeting the scale needs of the economy, whether at the national or international level.
Dollar drifts as traders eye US inflation data; frail yen in focus
The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers.
New functionality in AIS rolled out for taxpayers
CBDT introduces AIS feature for real-time taxpayer feedback on transactions, enhancing data accuracy, compliance, and taxpayer services, covering tax deductions and financial data sources.
Indian exports up in 115 nations out of 238 destinations in 2023-24
Despite global economic uncertainties, India's exports increased to 115 countries out of 238 destinations in 2023-24. The merchandise exports slightly declined by 3% to USD 437.1 billion, while services exports rose to USD 341.1 billion. Overall exports (goods and services) reached USD 778.2 billion. India's rank in world merchandise exporters improved from 19th to 17th, with a marginal increase in share from 1.70% in 2014 to 1.82% in 2023.
Registration of biometric data for over 5K illegal immigrants in Manipur from Myanmar completed: CM N Biren Singh
Manipur Chief Minister N Biren Singh has confirmed that out of 5457 illegal immigrants detected from Myanmar, 5173 have been registered. The deportation process is underway, with 77 illegal migrants, including 55 women and five children, deported to their country since March 8. The Myanmar nationals fled to Manipur after the Military junta seized power in February 2021. Since then, over 5,000 Myanmar nationals have taken shelter in Manipur, while over 32,000 have taken shelter in Mizoram.
Saudi Arabia plans big investments in Central Asian hub of Uzbekistan
The 3rd Tashkent International Investment Forum (TIIF) in Uzbekistan attracted over 2.5 thousand participants from 93 countries, leading to the signing of agreements worth $26.6 billion. The event highlighted the importance of regional energy projects, including the construction of Kambarata HPP-1 and Yavan HPP, for the entire region. As a result, agreements totaling $26.6 billion were signed, demonstrating the high investment attractiveness of Uzbekistan and the success of the forum.
Details of UK military personnel exposed in huge payroll data breach
British officials have revealed a data breach in a payroll system, exposing the names and bank details of thousands of serving British soldiers, sailors, and air force members. Defence Secretary Grant Shapps is set to outline a plan in the House of Commons to support and protect personnel. While the ministry did not comment on suspicions of Chinese involvement, Cabinet Minister Mel Stride stated that no accusations have been made yet. The breach, affecting a third-party system, has raised concerns, although investigators have not found evidence of data removal.
UK defence ministry targeted in cyberattack: govt
Britain's Ministry of Defence has faced a significant cyberattack targeting a third-party payroll system, according to government officials. While the attack's origin has not been officially confirmed, former minister Tobias Ellwood suggested it had the hallmarks of a Chinese cyberattack. The breach reportedly exposed the personal information, including names, bank details, and addresses, of current and former armed forces members. The Ministry of Defence swiftly took the affected database offline, and Defence Secretary Grant Shapps is expected to provide more information to Parliament.
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