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The Economic Times, BY PTI | JAN 29, 2018 Infosys Foundation, the philanthropic arm of IT major Infosys, today said has signed a MoU with the Kailash Satyarthi Children's Foundation for a grant to create a child-friendly village towards improving children's health, providing education and creating a non-violent environment.  Infosys Foundation will disburse this grant over the next three years, a release said.  The Kailash Satyarthi Children's Foundation is a non-profit organization, envisions a world where every child is free, safe, healthy, educated and has the ability to discover their potential. Kailash Satyarthi has been at the forefront of the global movement to end child slavery and exploitative child labour and was jointly awarded the Nobel Peace Prize in 2014.    Link- https://economictimes.indiatimes.com/news/company/corporate-trends/infy-arm-to-fund-kailash-satyarthi-childrens-foundation/articleshow/62697363.cms

Livemint,  Jan 29 2018 By Isha Trivedi, Mumbai Biocon Ltd and Mylan N.V. said on Monday that the European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has issued a positive opinion and recommended approval of insulin glargine injection, co-developed by the companies, for diabetes treatment. The CHMP’s positive opinion will be considered by the European Commission and the regulator’s decision on approval of this product, to be sold under the name Semglee, is expected in April, the companies said in a joint press release. As part of the marketing authorization application to the EU regulator, the companies had submitted requisite data to show similarity of its insulin glargine to the reference product, Lantus, of Sanofi. “This (CHMP’s recommendation) is an outcome of our commitment to be a credible, global insulins player on the back of significant investments together with our partner Mylan in global scale manufacturing and R&D (research and d

By PTI, January 29, 2018 Sterling Biotech director Rajbhushan Omprakash Dixit is to be confronted with various documents and co-accused to unearth the larger conspiracy in a money laundering case related to a ₹5,000 crore bank fraud case. A Delhi court has extended till February 7 the Enforcement Directorate (ED) custody of a director of a Gujarat-based pharma firm in a money laundering case related to a ₹5,000 crore bank fraud case. Additional Sessions Judge Sidharth Sharma extended the custody of Rajbhushan Omprakash Dixit, a director of Sterling Biotech, after Special Public Prosecutor Nitesh Rana, appearing for the ED, said his further custodial interrogation was required by the agency. Mr. Rana told the court that the accused, arrested on January 25, is to be confronted with various documents and co-accused to unearth the larger conspiracy. Third arrest This is the third arrest in the case. The ED arrested Anup Prakash Garg, a former director of Andhra Ba

The Hindu, The Hindu Net Desk,  January 29, 2018 Survey reveals 10 new facts of the Indian economy The Economic Survey 2018 has estimated that the Indian economy will grow by 7-7.5% in 2018-19, thereby re-instating India as the world’s fastest-growing major economy. Tabled in Parliament on Monday by Finance Minister Arun Jaitley, the Survey says the second half of Financial Year 2018 can clock 6.75% growth. 10 new economic facts The Economic Survey has relied upon analysis of the new data to highlight 10 new economic facts: Large increase in registered indirect and direct taxes There has been a 50% increase in the number of indirect taxpayers. There has also been a large increase in voluntary registrations, especially by small enterprises that buy from large enterprises wanting to avail themselves of input tax credit. The Survey states that major producing States’ fear that the shift to the new system would undermine their tax collections had been alla

The Hindu Business Line,  KV KURMANATH,  January 28, 2018,  HYDERABAD Hackers quickly turn their eyes to places where the money is. Finding the buzz around bitcoins across the world, they are trying to exploit the euphoria. The users have either lost huge amounts of money or on the verge of losing it. Technically, experts say, the bitcoin protocol is difficult to barge in. This, they feel, would mar the image of crypto currencies, whose USP being a safe currency. Bugs in the wallets, traditional techniques that can make your devices slaves to hackers and vulnerabilities in the bitcoin exchange market places are some of the methods that hackers are using to target the bitcoin users. Moreover, over 40 exchanges have disappeared into the thin air so far, some maybe on genuine reasons and others due to fraud or cyber compromises. "The underlying technology architecture and encryption standards of the Bitcoin protocol is difficult to exploit. Attackers are using easier rout

The Hindu Business Line,  BY Amiti Sen,  January 30, 2018 Export incentive packages announced by the government to support vulnerable sectors do have a positive impact on performance of some categories, the Economic Survey has highlighted. A case study of the  ₹ 6,000-crore export package announced for the apparel sector by the government in June 2016 published in the Survey shows that the growth in clothing exports (manmade fibre) compared to other labour-intensive and manufacturing goods, which did not receive the incentives, was much higher. Incentive packages Exporters, however, point out that while incentive packages play a vital role in boosting export growth, proper implementation of the package was equally important to maximise gains. “The package, which included rebates on State levies (ROSL), started off well and was a big help in increasing exporters. But for the last five-six months, payments to exports are stuck as Customs has not received money from t

The Hindu Business Line,  NAYANIMA BASU  January 29, 2018 In what could spell the death-knell for Ordnance Factory Boards (OFBs) and Defence Public Sector Undertakings (DPSUs), the Ministry of Defence has decided that it will not make any further investments in these establishments, while product introduction and creation of additional capacity will have to be undertaken by the private sector. In an internal policy move, the government has also decided that core military hardware, such as battle tanks, combat vehicles and specialised military trucks, will remain in the domain of the government-owned enterprises. Modernisation, upgrades, repowering, product launches and improvement in operational efficiencies are to be carried out with the help of private players with proven track records in a particular field, Defence Ministry sources told  BusinessLine . The decision is believed to have been taken after Defence Minister Nirmala Sitharaman carried out a major review of the

The Times of India,  Rajat Pandit |  TNN  |  Jan 30, 2018, New Delhi India is yet to get cracking on its long-pending project to build six advanced stealth submarines, with land-attack cruise missiles and air-independent propulsion for greater underwater endurance, over a decade after the initial approval from the defence ministry. Defence sources, in fact, say the acceptance of necessity (AoN) for the around Rs 70,000 crore ($10.9 billion) diesel-electric submarine project called "Project-75 India" is set to expire once again on February 6 without "any concrete progress" being made to select the Indian shipyard and the foreign collaborator for it. Though the AoN for the project, which was first accorded way back in November 2007, will be extended, it must be remembered that it will take another seven to eight years for the first submarine to roll out after the final contracts are actually inked. This is yet another grim reminder of the sheer lack of

 PTI | JAN 29, 2018, New Delhi The UIDAI today sought to allay fears over data protection and privacy issues around the 12 digit biometric identifier, asserting that Aadhaar is an identification not a profiling tool.  It also stressed that Aadhaar data is governed by strong laws.  Fielding questions on Twitter in a live chat, Unique Identification Authority of India (UIDAI) CEO Ajay Bhushan Pandey said that Aadhaar is based on minimum information and biometrics which is "least intrusive".  To a specific query on whether UIDAI will go for DNA profiling in future, Pandey said that there were no such plans.  "We take fingerprint, Iris and photo...We have no plans to take something like DNA... photo, fingerprint and Iris is good enough for de-duplication, generating Aadhaar and to authenticate any person," he said.  The UIDAI chief dismissed concerns that linking of various information with Aadhaar could lead to government monitoring, surveilla

 ET ONLINE | JAN 27, 2018 Just after Prime Minister Narendra Modi showcased a democratic and developing India to the global leaders at the annual meet of World Economic Forum at Davos in Switzerland, India's former RBI governor Raghuram Rajan punctured Modi's India pitch.  Modi said,"In India, 'Democracy, Demography and Dynamism' together are shaping the country's destiny and leading it towards the path of Devepolment." He also said, "Our Mantra is 'Reform, Perform And Transform."  However, Rajan did not agree. Speaking to ET Now, he doubted if the way the Modi government was functioning was really democratic. He said only a small clique was making all the decisions while bureaucrats were sidelined.  Talking of stalled infrastructure projects, Rajan said there was the need for political focus on implementation. "I worry that we are not getting decisions taken by the bureaucracy. Mr Jaitley has talked time and again abou

News 18, Mufti Islah  | CNN-News18, January 28, 2018,   The Jammu and Kashmir Police have filed a murder and attempt to murder case against Major Aditya of Garhwal Rifles for killing two Kashmiri civilians and causing injuries to eight others in firing at Ganowpora Shopian on Saturday. The FIR was filed at the behest of the ruling PDP-BJP government. Two people were killed and several others injured after the Army opened fire on protesters in Shopian district of south Kashmir on Saturday. The district administration had ordered a magisterial inquiry into the incident and set a deadline of 20 days for the probe report. Shopian SSP Sri Ram Ambarkar said that an Army convoy was pelted with stones at Ganapora area in the district and the soldiers opened fire in retaliation, resulting in injuries to a few youths. Also, Chief Minister Mehbooba Mufti called up Defence Minister Nirmala Sitharaman to express anguish over the civilian deaths. “The chief minister sai