Do prelim probe before filing FIRs against businessmen, UP police told
The order has been issued in a bid to further improve ease of doing business and ensure no adverse environment is created for investors. However, this direction is not applicable for cognisable offences. Key Points
Economic TimesRight strategy is to keep cash in portfolio and buy on 10-15% dips: Dipan Mehta
Dipan Mehta advises keeping cash in the portfolio for strategic reasons, as investing during a correction ensures excellent returns in the next three years. Compliance and responsible lending are priority for NBFCs like IIFL and JM Financials. At 25-30% correction, a whole host of midcap ideas also will come through. Right now investors need to really assess the risk return profile of their portfolios. Key Points
Economic TimesHard-coded law enforcement is possible but it needs some latitude too
Law adherence can technically be encoded in software but there’s a reason it must not be over-strict. Leeway within the law has value. Key Points
mintFM asks PSBs to follow transparent NPA recognition norms, pursue robust risk management
All the major financial parameters viz., credit deployment, profitability, asset quality, capital adequacy etc. indicate that the performance of PSBs has significantly improved. They're adequately capitalised, resilient, and have sound financial health. Key Points
Economic TimesEnergy insecurity biggest threat to sustaining India’s elevated growth rates in longer term, says CEA
Energy security is the single-biggest worry for India's sustained economic growth, says chief economic adviser V Anantha Nageswaran. He called on global lenders not to entirely abandon fossil-fuel projects in the name of Green economy, as developing countries must ensure affordable, sufficient energy for economic growth. He said private investment would unfold gradually with several sectors, including steel and cement, already picking up. The Indian economy grew 9.1% in FY22, helped by a favourable base, and is expected to have grown 7% or more in the last fiscal year. Key Points
Economic Times
Amid Covid surge, Leh makes masks compulsory in public places
The Leh district administration has ordered mandatory mask-wearing in public places due to rising COVID-19 cases. The District Disaster Management Authority CEO, Santosh Sukhadeve, urged people to maintain social distancing and avoid unnecessary gatherings. Heads of departments and sub-divisional magistrates will ensure compliance. Key Points
Economic TimesButtigieg vows to 'do everything we can' to ensure Cruise, other self-driving vehicles safe
WASHINGTON (Reuters) - U.S. Transportation Secretary Pete Buttigieg said Monday the federal government will do "everything we can" using existing regulatory powers to ensure General Motors robotaxi Key Points
ThePrintHaryana giving special incentive to farmers to adopt crop diversification
In this direction, the state government took the initiative and started its ambitious Mera Pani-Meri Virasat Scheme, under which the key objective is to ensure water conservation while crop diversification. This scheme is proving to be very effective, and considering its success, a target of saving 42,480 crore litres of water has been set for the year 2023-24, it said. Key Points
Economic TimesMoS IT Rajeev Chandrasekhar flays Sachin Tendulkar’s deepfake video
In the video, Tendulkar is seen promoting the app saying his daughter Sara uses it to make daily gains to the tune of Rs 1.8 lakh by predicting the outcome of the game. Key Points
Economic TimesSamunnati facilitates farm gate procurement to direct export of 275 MT of seedless grapes to Netherlands
Agricultural enterprise Samunnati has facilitated farm gate procurement to direct export of 275 MT of Thomson seedless grapes to Netherlands for the grapes season 2023. To ensure a seamless value chain, Samunnati facilitated farm gate procurement, end-to-end primary processing, cold storage, packaging, and certification, all the way up to the export stage. Key Points
Economic Times
Don't let the rain dampen your home: Essential monsoon maintenance tips for home
As the monsoon approaches, it's crucial to safeguard your home from potential damage. Discover six tips to protect your space during this rainy season. Key Points
Hindustan TimesAI in Washington’s crosshairs but consensus far from certain
Some proposals focus on AI that may put people's lives or livelihoods at risk, like in medicine and finance. Other possibilities include rules to ensure AI isn't used to discriminate or violate someone's civil rights. Key Points
The Indian ExpressSouth Indian Bank MD on not opting for reappointment & transition to new leadership
Murali Ramakrishnan, MD and CEO of South Indian Bank, has announced that he will not seek re-appointment when his tenure ends in September. Ramakrishnan explained that his decision was purely personal, and that he had finished implementing organisational changes that would keep the bank running smoothly until his tenure ends. He added that he would spend the next six months ensuring a smooth transition for his successor, who must manage challenges created by changes in the banking sector . Key Points
Economic TimesPM Economic Advisory Council calls for regulating AI via complex adaptive system approach
The Economic Advisory Council to the PM has emphasised the need to regulate artificial intelligence (AI) using a complex adaptive system (CAS) approach. This includes establishing guardrails, partitions, manual overrides, and authorization chokepoints. The council also suggests mandatory audits, liability protocols, and the creation of a specialist regulator for the AI sector. Concerns about uncontrolled AI propagation and its potential risks have led to a demand for regulatory frameworks that ensure safe, ethical, and transparent AI development and deployment. Key Points
Economic TimesTenders for all weather Mughal road, Amarnath Marg in Kashmir to be floated this year: Nitin Gadkari
Gadkari, while reviewing the progress of 13.14 kms long Zojila tunnel, which is the Asias longest tunnel that connects Sonamarg with the Kargil in Ladakh, said that 38 percent work on this project is complete and the government will try to ensure the completion of work before the 2026 deadline. Key Points
Economic TimesJake Sullivan meets Wang Yi to ‘manage’ tense Sino-US ties
Beijing, August 27 The United States and China are working to ensure the competition between them does not veer into conflict, a top White House official said Tuesday as the two sides started talks on a relationship that has been... Key Points
The TribuneView: Attitudes of parents and schools towards other careers must change
A prerequisite for the acceptance of different professions, though, is a change in our attitude. Parents want children to become doctors, engineers or bureaucrats due to the automatic 'respect' and awe these careers ensure. At another level, swaggering gangsters dispensing ersatz 'justice' in their areas also draw admiring wannabes for the same reason. Careers as, say, school teachers, chefs, graphic artists or cabin crew do not ellicit that same 'respect' in India yet. Key Points
Economic TimesNHRC issues notice to DGCA over wheelchair passenger death
India Business News: The National Human Rights Commission (NHRC) has issued a notice to the Directorate General of Civil Aviation (DGCA) over the death of a wheelchair passenger at the Mumbai airport. The NHRC is seeking a report on the incident and steps taken to prevent such incidents in the future. Key Points
Times Of IndiaAs a leader, India must ensure a successful meet: WTO DG Ngozi Okonjo-Iweala
India, Brazil and South Africa are the troika of the G20, the WTO DG said. “We hope they will work together to ensure MC13 is a success... the entire package… not one issue or the other… it is across the board,” she told ET. “Not just G20, they are also BRICS (members)… they should support the UAE to ensure the UAE is a successful host, like it was for COP28,” she said, referring to the climate summit held late last year in Dubai. Key Points
Economic Times