-Livemint.com/ Bloomberg Foreign exchange reserves dropped by $5.14 billion in the seven days ended October 12, the biggest weekly decline since November 2011, as the RBI stepped up action to prop up the rupee Mumbai: India made the biggest dent in its foreign exchange reserves in seven years as the central bank stepped up action to prop up Asia’s worst-performing currency. Reserves dropped by $5.14 billion in the seven days ended October 12,...
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Not enough jobs, private investments missing: What's wrong with the world's fastest growing economy? -Dinesh Unnikrishnan
-Firstpost.com A report from rating agency CARE, released early this week, revealed that India's employment scenario is not looking good. It said job growth in corporate India moderated to 3.8 percent in fiscal year 2018, from 4.2 percent in the previous fiscal and the problem is most severe with smaller companies. The report, based on an analysis of over 1,600 corporates, said smaller companies with net sales of less than Rs...
More »NHRC turns 25 -- and that's pretty much all it has achieved -Apurva Vishwanath
-ThePrint.in India’s rights watchdog NHRC — labelled ‘toothless tiger’ — is swamped with cases but has little resources to address them. This, despite an ‘A’ rating from UN body. New Delhi: On paper, the National Human Rights Commission (NHRC), which turned 25 last week, is a success story. In February, the Global Alliance of National Human Rights Institutions (GANHRI), a UN body based in Geneva, re-accredited India’s apex rights watchdog with the ‘A’...
More »120 crore Aadhaar Records Breached in First Half of 2018:: Gemalto
-Moneylife.in During the first half of 2018, there were 945 data breaches leading to 4.5 billion (450 crore) data records being compromised. According to the Breach Level Index of digital security firm Gemalto, India's Aadhaar witnessed 1.2 billion (120 crore) data breaches in March, making it the second highest breaches across the world after Facebook. During the first half of 2018, there were 945 data breaches leading to 4.5 billion (450 crore)...
More »Make in India has become Assemble in India for Chinese mobile phones -Vineet Sachdev, HT
-ThePrint.in Chinese firms have started assembly in India but as yet import telecom parts substantially from home country, govt study shows. New Delhi: India imported $6.3 billion worth of mobile phones from China in 2014, the year Narendra Modi became the country’s prime minister. This number has declined continuously and reached $ 3.3 billion in 2017 according to a study conducted by the ministry of commerce and industry. This would suggest that the...
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