-PTI/ The Hindu The Minister of State for Electronics and IT Sanjay Dhotre noted that the rising popularity of non-Banking financial companies (NBFCs) along with e-commerce has also expanded the scope of digital payments. Over 2.9 lakh cyber security incidents related to digital Banking were reported in 2020, Parliament was informed on Thursday. As per the information reported to and tracked by Indian Computer Emergency Response Team (CERT-In), a total number of 1,59,761;...

In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss 'fertilizer subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘fertilizer subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the budgetary...

-The Indian Express On Monday, around 100 Twitter accounts and 150 tweets related to the farmers’ protests went off the microblogging platform as the IT Ministry directed Twitter to remove these accounts under Section 69A of the Information Technology Act. From a temporary freeze on over 100 Twitter accounts seen as sympathetic to the farm protests to embedding spikes on roads, from diverting a Delhi-bound train to extending the internet Ban in...

-Hindustan Times Several announcements — a bad Bank, the proposal for a development financial institution, and Bank recapitalisation — aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)’s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore,...

-Livemint.com The Union government has finally stepped on the gas when it comes to spending. But after a temporary splurge in the rest of this fiscal year, the finance ministry will tighten its purse strings to bring down debt levels, the budget numbers suggest Even as countries across the world raised spending aggressively to counter the economic impact of the covid-19 pandemic, India had remained an outlier. Throughout the pandemic, the finance...