News and Articles

CCI imposes penalty on SAAR IT Resources Private Limited and others

Submitted by dhananjay on Mon, 08/05/2019 - 23:06

New Delhi : Competition Commission of India (‘Commission’) after detailed inquiry has found SAAR IT Resources Private Limited, CADD Systems and Services Private Limited and Pentacle Consultants (I) Private Limited  to be in contravention of the provisions of Section 3(3)(d) read with Section 3(1) of the Competition Act, 2002 (‘Act’),   for entering into an arrangement to rig the bids of a tender floated by Pune Municipal Corporation in the year 2015 for ‘Selection of agency for carrying out geo-enabled tree census using GIS & GPS Technology’.

Workshop on ‘Role of Technology in Reuniting Missing Children & Trafficked Persons’, at NCRB Auditorium, New Delhi

Submitted by dhananjay on Mon, 08/05/2019 - 23:03

New Delhi : A one-day Workshop on ‘Role of Technology in Reuniting Missing Children & Trafficked Persons’ was jointly organised by National Crime Records Bureau, Ministry of Home Affairs, in collaboration with Indian Police Foundation on 5th August, 2019. Shri K. V. Eapen, Secretary, Department of Administrative Reforms and Public Grievances, inaugurated the workshop. He highlighted the increased use of biometrics by police around the world and emphasized the need to use of advance technologies to aid investigation by police.  The keynote address was delivered by Prof.

RBI imposes one crore penalty on Corporation Bank for fraudulent transactions using a cancelled debit card

Submitted by dhananjay on Fri, 08/02/2019 - 22:56

Mumbai : The Reserve Bank of India (RBI) has imposed, by an order dated July 31, 2019, monetary penalty of ₹ One Crore on Corporation Bank (the bank) for non-compliance with the directions issued by RBI on (i) Cyber Security Framework in Banks and (ii) Frauds Classification and Reporting by commercial banks and select FIs.

This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

Commerce & Industry Minister urges Indian IT Companies to explore new markets

Submitted by dhananjay on Thu, 08/01/2019 - 22:50

New Delhi : Union Minister of Commerce & Industry and Railways, Piyush Goyal, held a meeting with senior managers of IT companies in New Delhi yesterday. The meeting was held to discuss opportunities for Indian IT companies to invest and grow their business in new markets like the Nordic countries, Eastern and Central Europe, Canada, Australia and Africa and also explore avenues for greater investments and growth in East Asian markets like China, Japan and Korea.

Lok Sabha passes Consumer Protection Bill, 2019

Submitted by dhananjay on Tue, 07/30/2019 - 23:04

New Delhi : The Lok Sabha today passed the Consumer Protection Bill 2019 after due consideration and discussion. The Union Minister for Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan said that the bill aims at protecting the interests of consumers by establishing authorities for timely and effective administration and settlement of consumers’ dispute. Moving the Bill, Minister of State for Consumer Affairs, Food and Public Distribution, Shri Raosaheb Patil Danve said the Bill aims to simplify a number of rules.