Month: July 2021

Covid-19 has pushed job loss to 22 million Plus as per OECD

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About 22 million jobs disappeared by the end of 2020 in industrial nations. The Paris-based institution said a full recovery to pre-pandemic levels of employment won’t come until the end of next year.   The Organisation for Economic Co-operation and Development (OECD) has said in a report.  There are still over 80 lakh people unemployed than before the COVID-19 pandemic, OECD added.   But this light burns more brightly for some than others. We know that the COVID-19 pandemic has deepened already existing social and economic divides, between those with high…

Five New Ministers from JPC on Data Protection Bill joined the Cabinet

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Five members of the Joint Committee on the Personal Data Protection Bill, including its chairperson Meenakashi Lekhi, were among those inducted into the Union Council of Ministers on Wednesday.   Besides Lekhi, four others who have been made ministers are Lok Sabha member Ajay Bhatt and Rajya Sabha members Rajeev Chandrasekhar, Bhupender Yadav and Ashwini Vaishnaw.   The panel has held several meetings and summoned representatives of Twitter, Facebook, Google and e-commerce major Amazon. The draft data protection bill proposes to put restrictions on the use of personal information of people without their explicit consent.   A question…

Modi government expands cabinet, Ashwini Vaishnaw gets Railways and IT Ministry

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As part of a mega cabinet reshuffle of Prime Minister Narendra Modi’s 77-member Council of Ministers yesterday, Ashwini Vaishnaw , the former IAS officer of the 1994 batch, will be the new Railway Minister as well as Ministry of Communications and Information under the Modi government’s mega cabinet expansion.   Vaishnaw is a Rajya Sabha MP for Odisha. He handled important responsibilities for over 15 years and was particularly known for his contribution to the PPP framework in Infrastructure.   The 50-year-old former IAS officer-turned-entrepreneur, an alumnus of IIT Kanpur and Wharton School of Business. At the…

Microsoft has urged Windows users to install a security update immediately

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Microsoft urges Windows users to install a security update IMMEDIATELY after researchers find a serious vulnerability in the operating system that could let hackers install programs, which allows multiple users to access a printer and view and delete data or even create new user accounts on your computer.   The vulnerability, known as PrintNightmare, is within Windows Print Spooler, a software programme that runs by default on Windows. Researchers at cybersecurity company Sangfor accidentally published a how-to guide for exploiting it.   All versions of Windows are vulnerable, according to Microsoft, including its most recent…

Cabinet reshuffle, Amit Shah to monitor Ministry of Cooperation

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In a recent cabinet reshuffle that took place yesterday, Prime Minister Narendra Modi is going to monitor the Ministry of Science & Technology and Amit Shah will monitor the Ministry of Cooperation, in addition to the Home Ministry.   Anurag Thakur has been made the Minister of Information and Broadcasting and Minister of Youth Affairs and Sports. Meanwhile, Kiren Rijiju has been made the Minister of Law and Justice. Ministry of Health, & Chemicals and Fertilizers to be clubbed, Hardeep Puri gets urban development, housing ministry clubbed with petroleum.   This new ministry will provide a separate administrative,…

Google, Facebook and Twitter won’t have to pay domestic tax under new IT rules

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It seems a golden time for the global tech companies including Google, Facebook and Twitter, appointing grievance officers beneath new information technology(IT) guidelines does not suggest that they have an “everlasting institution” in India.   But when their native workplace performs enterprise features and contributes to the income of a father or mother agency overseas, it could appeal to home taxes stated by two folks within the income division.   Despite having local offices in the country, their entire income does not come under the tax net due to different tax structures under which they operate.…

Accelerating the financial services transformation agenda during changing times

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COVID has forced us to adjust fundamental aspects of our lives with little warning and against a background of anxiety and uncertainty. As the end of 2020 nearing, marketing and sales teams are aligning efforts to increase their pipeline and find more sales-ready leads to start off the new-year in a stronger way. Brands are getting impacted in their top line positively by relooking at their product portfolio and optimizing pricing and promotions especially in the upcoming festive season which will see attractive pricing, cashbacks and consumer financing schemes. The…

Work from home, remote work, telecommuting helped us during pandemic

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The culture of flexible work has been the new mantra of many corporates, even though there are many weaknesses, it’ll continue further, since there is no alternative. Many industries are restructuring the way they operate to accommodate this new way of conducting business. The new workforce (consisting mostly of millenials) consider work-life balance over everything else when working for an organization. The pandemic has confined millions of people around the world to their homes, and they can no longer easily access products themselves. Home deliveries have become a viable option, causing an uptick in the…

Covid-19 has brought the biggest transformation in the mankind

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 As remote working has become the new normal with the outbreak of Covid-19, cybercrime has reached a new height. Today we are living in an age of digital transformation, but unfortunately as seen in the last 20 years, the industries were never able to accomplish this transformation before COVID-19 broke through. The pandemic has forced us into this digital transformation. Everything has converted our world – fun, entertainment, communication, watching movies, banking transactions, purchasing, teaching & learning and our social interactions into one single gadget. This is a new paradigm,…

It is time to empower the workforce of future through digital adoption

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There were several new technologies have evolved along the way. Companies have started embracing these technologies to enable digital transformation and enhance their business operations and 70% of companies either have a digital transformation strategy in place or are working on one. There is no denying that the ongoing pandemic has forced organizations to go one step ahead to protect their systems and networks. It has mostly become harder than ever to do so, partly because employees are doing work from home. In this process, they’re trying and learning new…