Tit for tat: China imposes fresh tariffs on U.S. goods

Tit for tat: China imposes fresh tariffs on U.S. goods What has happened? China’s Commerce Ministry on Wednesday listed 106 U.S. products, which will be subjected to a 25% tariff, in retaliation to Washington’s intent to impose fresh tariffs on Chinese products worth $50 billion. The items include soya beans, cars, chemicals and aircraft, triggering… Continue reading Tit for tat: China imposes fresh tariffs on U.S. goods

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Govt. forms committee to regulate news portals

Govt. forms committee to regulate news portals What has happened? The Ministry of Information and Broadcasting has instituted a committee to regulate online portals, including news websites, entertainment sites and media aggregators Who shall be the members of the committee? The 10-member committee will include Secretaries of the departments of Home, Legal Affairs, Electronics and… Continue reading Govt. forms committee to regulate news portals

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Consent is crucial

Consent is crucial Context Data protection Backdrop Data science and data protection are in news due to two recent incidents Data breach at Facebook, which saw allegations of the U.K.-based Cambridge Analytica (CA) illegally accessing over 87 million users’ information for personalisation of digital campaigns Allegations are being made that the official mobile apps of… Continue reading Consent is crucial

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RBI bars banks from dealing with virtual currencies

RBI bars banks from dealing with virtual currencies What has happened? The Reserve Bank of India (RBI) has asked banks to stop providing service to any entity dealing with virtual currencies, with immediate effect. Three-month deadline Regulated entities that are already providing such services should exit the relationship within three months. After advising all stakeholders… Continue reading RBI bars banks from dealing with virtual currencies

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‘Tax on alcohol, tobacco to benefit poor’

‘Tax on alcohol, tobacco to benefit poor’ What has happened? Levying taxes on unhealthy products can produce major health gains for the poorest in society, especially if tax revenues are used to fund pro-poor programmes, noted a study published in the Lancet on Thursday. These unhealthy products include soft drinks, alcohol and tobacco. Poor households most affected… Continue reading ‘Tax on alcohol, tobacco to benefit poor’

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Wilful default of loans hits honest taxpayers, says Kovind

Wilful default of loans hits honest taxpayers, says Kovind Context President calls for more women to join India’s work force  What has happened? President Ram Nath Kovind on Thursday said wilful and criminal default on bank loans had hurt innocent citizens and honest taxpayers had to bear the brunt of such frauds. Background Inaugurating the… Continue reading Wilful default of loans hits honest taxpayers, says Kovind

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