Tag: needed

  • International Regulation Needed for Crypto Activities, Says RBI Report

    International Regulation Needed for Crypto Activities, Says RBI Report

    New Delhi, January 2: Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities.

    In it’s financial stability report, which released on December 29, 2022, the central bank has said that “the turmoil in crypto assets market highlights their intrinsic volatility and structural vulnerabilities, whereas their interconnectedness with the traditional financial system is increasing”. Cryptocurrency Prices in India.

    The central bank has suggested that there should be consistency at the international level on regulatory and supervisory approaches. These regulatory approaches should be grounded in the principle of “same activity, same risk, same regulation” approach.

    The framework proposes that authorities should have appropriate powers, tools and resources to regulate, supervise, and oversee crypto assets activities and markets, both domestically and internationally, proportionate to the financial stability risk they pose. Demonetisation: Supreme Court Upholds Central Government’s 2016 Note Ban Decision, Says ‘There Was Consultation Between Centre and RBI’.

    In addition to this, the RBI report has further suggested that there is a need to prepare comprehensive governance and effective risk management frameworks, which address financial stability risks that arise from interconnectedness.

    (The above story first appeared on Morning Tidings on Jan 02, 2023 03:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Amazon Layoffs: CEO Andy Jassy Again Defends Mass Sackings, Says ‘Felt Like We Needed to Streamline Costs’

    Amazon Layoffs: CEO Andy Jassy Again Defends Mass Sackings, Says ‘Felt Like We Needed to Streamline Costs’

    San Francisco, Dec 2: Amazon CEO Andy Jassy has again defended massive layoffs at the company, saying, “we just felt like we needed to streamline our costs”.

    Jassy justified the mass layoffs at the New York Times DealBook Summit, citing economic uncertainty.

    Amazon’s retail business grew faster during the early days of the pandemic and “it forced us to make decisions at that time to spend a lot more money and to go much faster in building infrastructure than we ever imagined we would,” Jassy said during the event in the US, reports Fortune. Amazon Layoffs: Tech Giant Begins Firing 10,000 Employees, Alexa and Cloud Gaming Worst Hit.

    “We knew we might be overbuilding,” the Amazon CEO added.

    Although Amazon has not revealed the numbers, reports earlier said the company will lay off around 10,000 employees across its devices, retail, and human resources divisions.

    Earlier this month, Jassy warned employees that there will be more layoffs at the company in early 2023 “as leaders continue to make adjustments”.

    The e-commerce giant publicly confirmed some layoffs and Jassy announced more layoffs are coming as Amazon’s annual planning process extends into the new year.

    “Those decisions will be shared with impacted employees and organisations early in 2023,” he had said in a statement.

    “We haven’t concluded yet exactly how many other roles will be impacted (we know that there will be reductions in our Stores and PXT organisations), but each leader will communicate to their respective teams when we have the details nailed down,” Sassy added. Apple CEO Tim Cook Ignores Questions on Protests Affecting iPhone Manufacturing Companies in China.

    Amazon will prioritise communicating directly with impacted employees before making broad public or internal announcements.

    “This year’s review is more difficult due to the fact that the economy remains in a challenging spot and we’ve hired rapidly the last several years,” said Jassy.

    The massive job cuts have hit several divisions, especially the Alexa virtual assistant business and the Luna cloud gaming unit.

    “We communicated the difficult decision to eliminate a number of positions across our Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organisation,” Jassy further said.

    (The above story first appeared on Morning Tidings on Dec 02, 2022 12:17 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Param Bir’s claim serious, full investigation needed: Sharad Pawar

    Param Bir’s claim serious, full investigation needed: Sharad Pawar

    The NCP supremo said that the MVA government had no influence due to Mr. Singh’s allegations.

    NCP President Sharad Pawar on Sunday said that the allegations made by former Mumbai Police Chief Param Bir Singh against Maharashtra Home Minister Anil Dehsukh are serious and require a thorough investigation.

    Mr. Singh has claimed that Maharashtra Home Minister Anil Deshmukh wanted the police officers to collect 100 million monthly home from bars and hotels.

    Talking to reporters in Delhi, Mr. Pawar suggested that Chief Minister Uddhav Thackeray take a decision in the matter and also take action against Mr. Deshmukh.

    Mr. Pawar said that neither the Chief Minister nor the State Home Minister was responsible for the restoration of police officer Sachin Veg in the police force last year.

    The NCP chief said that he had spoken to Mr. Thackeray regarding Mr. Singh’s letter. He said, I would suggest Uddhav Thackeray to enlist the help of former IPS officer Julio Ribeiro to look into the claims made by Paramvir Singh.

    Mr. Pawar said that Mr. Singh made the allegations after his transfer to the homeguards on 17 March.

    The NCP supremo said that the MVA government had no influence due to Mr. Singh’s allegations. He said that efforts are being made to destabilize the Shiv Sena-NCP-Congress government in Maharashtra but they will prove to be fruitless.

    In an eight-page letter to Chief Minister Uddhav Thackeray, Mr. Singh alleged that Mr. Deshmukh used to call police officers at his official residence and gave them “collection targets” from bars, restaurants and other establishments.

    .

  • India to raise issues of Britain’s racism when needed: Jaishankar

    India to raise issues of Britain’s racism when needed: Jaishankar

    India will take with the United Kingdom if there is a need for alleged incidents of racism in Britain, Foreign Minister S Jaishankar said in Rajya Sabha on Monday. He described India as the land of Mahatma Gandhi and said that it can never turn its eyes away from casteism.

    Responding to concerns arising out of racism and cyber attacks by a BJP MP, Rashmi Samant of Indian origin was forced to resign as the President of the Students’ Union of Oxford University, the minister said. We have strong ties with and will take up such matters with great candor. When necessary.

    “I paid attention to the sentiments of the House,” he said. “I want to say that as the land of Mahatma Gandhi, we can never turn our eyes away from casteism, wherever it may be. Especially when it is in a country where we have so many expatriates, ”he said.

    Ms. Samant was the first Indian woman to be elected as the president of the Oxford University Students’ Union, who was forced to resign within five days of her appointment on several of her social media posts, which were labeled anti-Semitic and racist Was.

    BJP’s Ashwini Vaishnav said she was a victim of cyber attack and her parents’ Hindu religious beliefs were publicly attacked by a faculty member.

    Jaishankar said, “As a UK friend, we also worry about its iconic impact.”

    “What I want to say is that we have a strong relationship with the UK (and). We will take up such matters with great clarity.” “We will monitor these incidents very closely. When there is a need, we will increase it and we will always fight against casteism and other forms of intolerance. “

    Raising the issue through the mention of zero hours, Mr. Vaishnav said that the United Kingdom has a continuum of attitudes and prejudices from the colonial era.

    A bright student from Udupi, Karnataka, Ms. Samanta overcame all challenges to become the first Indian woman president of the Sangh. But “what treatment did he have?” He asked. “Shouldn’t this diversity be celebrated?”

    “Instead, he was cyberbulled to the point that he would have to resign. Even his parents’ Hindu religious belief was publicly attacked by a faculty member who was unaffected. If it happens in an institute like Oxford, what message goes to the world, ”he said.

    While she had issued a public apology for ‘unknowingly’ hurting someone’s feelings, Samantha believes she was unfairly targeted as a ‘conscious effort’.

    Mr Vaishnav also accused Prince Harry’s wife, Meghan Markle, of racism by UK royalty.

    “The behavior of a society is actually a reflection of its beliefs and value system. If such practices of racial discrimination are followed at the highest level in society, what will happen at lower levels, ”he asked.

    The two examples were not isolated, he said, adding that the treatment of migrants and their isolation on racial grounds in Britain is very well known around the world.

    A recent report has stated that the death rate of people of Asian descent due to COVID-19 is higher than the death rate in other communities in the UK. “Doesn’t this raise a bigger question about equal access to health and indeed the whole basic human rights issue?”

    He said that India is a country with a large expatriate in Britain. “We all have a natural concern. The era of colonialism has come to an end but the mentality still remains. This is where Britain needs to change. If it wants our respect, it has to be changed.

    You have reached your limit for free articles this month.

    Membership benefits included

    Today’s paper

    Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

    unlimited access

    Enjoy reading as many articles as you want without any limitations.

    Personal recommendations

    A selected list of articles that match your interests and tastes.

    Fast page

    Move seamlessly between articles as our pages load instantly

    Dashboard

    One-stop-shop to see the latest updates and manage your preferences.

    Talk

    We inform you about the latest and most important events three times a day.

    Support quality journalism.

    * Our digital subscription plans currently do not include e-paper, crosswords and print.

    .

  • Purchased spectrum as needed;  Ranked strong to be competitive in the market: VIL executives

    Purchased spectrum as needed; Ranked strong to be competitive in the market: VIL executives

    The official said that the company has enough spectrum to meet the requirement of customers and be competitive in the market.

    Spectrum acquisition in recent auctions to fill some gaps in some sectors has put Vodafone Idea Ltd (VIL) on a “strong foothold” in the market, to ensure that all elements are now offering better services And are ready to make attractive offers to customers, the company’s senior official said.

    Chief Regulatory and Corporate Affairs Officer of VIL, p. Balaji sought to “dispel the myth” that VIL would not have acquired large amounts of spectrum due to financial constraints.

    He insisted that the company only bid for more and more radiation, as it needed to boost its services and coverage. He said that the company has enough spectrum to meet the requirement of customers and be competitive in the market. PTI.

    “So we preferred to buy what we chose, because we had the largest spectrum pool among all private operators … Even now, after the auction, we are not the lowest on spectrum holdings among private operators,” he said. They said.

    The company “stayed true” to its business strategy through the integration process (merger of Vodafone India and Idea Cellular), “third-party verification and confirmation by benchmark” on service quality, and incremental partnership partnerships that bring value to customers is focused. , Mr. Balaji countered.

    “Whether it is capacity, partnership, coverage, customer experience, quality of service – all these elements are in place … We have an attractive offer for customers, and we will have our fair share of the market,” he said. VIL’s spectrum holding is 1,768.60 MHz after auction.

    For Vodafone Idea, the spectrum purchased at auction (11.80 MHz) was worth ₹ 1,993.4 crore. Industry sources said that its deferred option pays ₹ 574.6 crore as immediate advance payment, and encies 103.50 crore for the frequencies available at a later date. Its payment is determined according to the schedule set by the Department of Telecommunications (DoT).

    Asked whether the company had enough money to pay in advance on the spectrum purchased in the recent auction, Mr. Balaji said, “Yes, we will make the advance payment required by the DoT”.

    Mr. Balaji said, “11.8 MHz spectrum is what we need to meet our requirements.” On how VIL is seeing the 5G opportunity, Mr. Balaji said that the company has made significant investments in its network to make it 5G.

    “We have already made the largest deployment of 5G-ready technologies, including core cloudification, and they help deliver better quality services to our customers,” he said.

    VIL has applied to participate in the 5G trials and the government is expected to move forward.

    “These tests will allow us and other players to ensure that specific India use cases are put to trial simultaneously and will also allow, for the future whenever 5G is deployed on a larger scale To get them at the vertical level, ”said Mr. Balaji. .

    You have reached your limit for free articles this month.

    Membership benefits included

    Today’s paper

    Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

    unlimited access

    Enjoy reading as many articles as you want without any limitations.

    Personal recommendations

    A select list of articles that match your interests and tastes.

    Fast page

    Move seamlessly between articles as our pages load instantly.

    Dashboard

    One-stop-shop to see the latest updates and manage your preferences.

    Talk

    We inform you about the latest and most important events three times a day.

    Support quality journalism.

    * Our digital subscription plans currently do not include e-paper, crosswords and print.

    .