Blockchain can improve India's trade finance system: Report Blockchain can improve India's trade finance system: Report 15:33 hrs New Delhi : Blockchain along with other digital technologies including artificial intelligence (AI), machine learning and robotic process automation could resolve inefficiencies in the country's current trade finance system and make the process efficient, a recent study said. Titled "Role of trade finance for inclusive growth", the joint study by Assocham and professional services firm Deloitte said here on Thursday: "Blockchain's application for identity management and 'know your customer' (KYC) looks quite promising." Banks in India should start conducting proof of concept with blockchain technology to get a deeper understanding of its likely implication in trade finance if implemented in the overall system, the study noted. However before a widespread adoption, blockchain must address certain implementation challenges - onboarding users, regulatory acceptance, changing role of banks, infrastructural issues and firms and businesses operating on a small scale, it said. It added that innovation in AI is also moving very fast and it too has enormous application to solve real problems. It could be used to detect transactions quality, or opportunity to market cross channels, to ensure banks are utilising their resources optimally, the study said. On the state of the country's trade, the study said, while 2017 saw global trade expansion as a consequence of acceleration in trade growth in the first six months of the year, India's slow growth of trade has been a concern. "Many are attributing this short term down turn as a negative fallout from the reforms - demonetisation and goods and service tax (GST)," it said. The report however said that fine-tuning GST data that feeds information technology platforms will have a significant impact on trade finance. SEARCH
Thursday, March 15 2018
UP has sent a clear message: Telangana Minister after BJP's bypolls defeat UP has sent a clear message: Telangana Minister after BJP's bypolls defeat 11:49 hrs Hyderabad : Telangana IT and Municipal Minister KT Rama Rao on Thursday said that the public of Uttar Pradesh has sent a clear message by not giving the mandate to the ruling Bharatiya Janata Party (BJP) in the Lok Sabha by-election held for two constituencies. "Interesting to see the election results of the Loksabha seats vacated by UP CM & his Deputy CM. The state that catapulted BJP into the hot seat in Delhi has sent a clear message that nothing is permanent. The other Notional party has lost its deposits & relevance yet again," KTR tweeted. The BJP received an unexpected blow in the by-elections after it lost both Gorakhpur and Phulpur seats, which were previously held by Chief Minister Yogi Adityanath and Deputy Chief Minister Keshav Prasad Maurya respectively. Both seats, especially Gorakhpur, were hence seen as a matter of prestige for the party ruling in both state and Centre. In the last Assmebly elections, the BJP had dethroned the Samajwadi Party from the state government, but the recent bypolls saw a turn in the electoral mood, as the SP, in alliance with the Bahujan Samajwadi Party (BSP), registered victory in both Lok Sabha seats.
Thursday, March 15 2018
Awareness rally on 'save girl child' held in Amritsar Awareness rally on 'save girl child' held in Amritsar 12:45 hrs [India], Mar 15 (ANI): In an endeavour to improve sex ratio in the state of Punjab, the District Administration of Amritsar organised "Beti bachao, Beti padhao" rally. Over 200 girls participated in the rally. The participants raised slogans like 'save the girl child' and displayed placards. The rally commenced from BBK DAV College and covered all the important areas of the city. An organizer told ANI, that the declining sex ratio had become a great issue of concern and hence to raise awareness in this regard the rally was organised. "This is a part of various activities planned in the district to carry forward the message of saving the girl child. This is a girl college so we are starting from here. We want to spread a message that save the girl child only then our society will remain sustainable, as the women are the centre of creation," he said. (ANI)
Thursday, March 15 2018
Pakistan calls back envoy to India for meeting over harassment allegations Pakistan calls back envoy to India for meeting over harassment allegations Source : SIFY 15:32 hrs Islamabad : After the recent diplomatic tensions, Pakistan has called back its High Commissioner to India Sohail Mahmood to return home for an unspecified time. It has summoned the envoy for a meeting to discuss the recent incidents of alleged harassment of its diplomats in the Indian capital. Speaking at his weekly press briefing, Pakistan Foreign Office spokesperson Dr Mohammad Faisal said the Indian government has not taken measures to safeguard Pakistani diplomats and their families in India, adding that the Pakistani government lodged protests over the matter with the Indian deputy high commissioner as well as Indiaâs External Affairs Ministry. A few days ago Pakistan and India trade harassment claims of their High Commissions. Islamabad complained that its diplomats were being subjected to different kinds of harassment in India. However, New Delhi in turn alleged that several Indian mission staffers in Islamabad have been severely "harassed and intimidated". The Pakistani Ministry of Foreign Affairs claimed that its Deputy High Commissioner's car was chased and his driver was abused by a group of men in the Indian capital last week. Responding to allegations, New Delhi assured last week that "India makes all efforts to provide a safe and secure environment for diplomats to work in". It added the Indian officials had also faced "harassment" last year in Pakistan but they chose to deal with it through "quiet and persistent diplomacy". SEARCH talking point on sify news Latest Features
Thursday, March 15 2018
Court verdict in another fodder scam case against Lalu Yadav today Court verdict in another fodder scam case against Lalu Yadav today 12:06 hrs Ranchi : The judgement in the fourth fodder scam case involving former Bihar Chief Minister Lalu Prasad will be delivered on Thursday by a special CBI court here. The hearing in the fodder case -- relating to fraudulent withdrawals of Rs 3.13 crore from December 1995 to January 1996 from the Dumka treasury -- was completed on March 5. Besides Lalu Prasad, another former Chief Minister Jagannath Mishra and 30 others are accused in this case. Lalu Prasad was convicted in the first fodder scam case in 2013 and awarded five years in jail. The Rashtriya Janata Dal chief was convicted by a special CBI court in the second case on December 23, 2017, and awarded three-and-half years' imprisonment on January 6. He was convicted in the third case on January 24, related to fraudulent withdrawals from the Chaibasa treasury, and awarded a five-year jail term. He now faces two other cases -- one in Ranchi and one in Patna. The multi-million-rupee fodder scam surfaced in the 1990s when Lalu Yadav was Chief Minister of undivided Bihar. The probe was handed over to the Central Bureau of Investigation on Patna High Court's order. The bulk of the cases were transferred to Ranchi after Jharkhand was carved out of Bihar in 2000.
Government of Andhra Pradesh: Agriculture Department – Budget Estimate 2017-18 – Budget Release Order for Rs. 1,48,50,000/- (Rupees One crore Forty eight lakhs Fifty thousands only) – Administrative SanctionMonday, February 19 2018
Tamil Nadu Government : PENSION – Contributory Pension Scheme – Accumulations at the credit of subscribers to the Contributory Pension Scheme (both Employees and Employers Contributions) – Rate of interest for the financial year 2017-2018Saturday, February 17 2018
Tripura State Government: Pre-planned attack launched by IPFT(NC) group miscreants on Sri Ramendra Debbarma, CPI(M) candidate for 12-Takarjala (ST) constituency and CPI(M) Local Committee office at TakarjalaWednesday, February 14 2018
Finance Department – Loans and Advances – House Building Advance – Sanctioned to Sri K.Adinarayana, Deputy Secretary to Government, Finance Department towards H.B.A.(Site-cum-Construction) – Release of 2nd instalment – Sanctioned – Orders – IssuedThursday, February 8 2018
Tamil Nadu State Government News : PENSION – Contributory Pension Scheme – Accumulations at the credit of subscribers to the Contributory Pension Scheme (both Employees and Employers Contributions) – Rate of interest for the financial year 2017-2018Friday, February 2 2018
Statutory Boards/State Transport Undertakings – Payment of Adhoc Bonus to the employees in ‘C’&’D’ groups in Statutory Boards and Pongal Prize to Pensioners/Family Pensioners of Statutory Boards/State Transport UndertakingsFriday, February 2 2018