-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;...

-The Hindu The proposed construction of a mega financial-tourist complex on Little Andaman Island will place at risk a fragile ecosystem and result in habitat loss of the vulnerable Onge tribe and rare wildlife A plan for the sustainable and holistic development of the 680 sq km, fragile Little Andaman Island in the Andaman and Nicobar group has raised the alarm among conservationists. The ‘Sustainable Development of Little Andaman Island - Vision Document’,...

-The Hindu The issue is about checking their monopoly power while encouraging their positive externalities and consumer surplus There are ongoing investigations worldwide, including in the European Union and the United States, on the abuse of monopolistic power by the Big Tech firms, especially Facebook and Google. Many compare this with the earlier antitrust investigations in the U.S. on the telecom industry and the break-up of the AT&T dictated by the Department...

-NetworkIdeas.org India’s Constitution puts the bulk of responsibility for the basic goods and services to be provided to citizens on to state governments. That is also why it mandated that independent Finance Commissions be appointed every five years to determine the distribution of tax revenues between Centre and the various states. Successive Finance Commissions (FCs) have also recognised that state governments necessarily require more resources to fulfil their obligations, which is...

-Hindustan Times The concentration of political and economic power has made democratic contestation challenging. Citizens are finding other methods Fearing that India’s controversial proposed farm laws will disproportionately benefit a few corporate magnates, farmers have made Mukesh Ambani’s Reliance storefronts and Reliance Jio infrastructure the sites of major protest over the past few months. While Ambani has insisted that his company has no plans to enter corporate farming, his purported political networks...