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Ransomware attacks leave customers powerless, companies ignore cyber threat

FB..NotPetya ransomware attack spreads around the world it’s making clear how important it is for everyone – and particularly corporations – to take cybersecurity seriously. The companies affected by this malware include power utilities, banks and technology firms. Their customers are now left without power and other crucial services, in part because the companiesdid not take action and make the investments necessary to better protect themselves from these cyberattacks.

Cybersecurity is becoming another facet of the growing movement demanding corporate social responsibility. This broad effort has already made progress toward getting workers paid a living wage, encouraging companies to operate zero-waste production plantsand practice cradle-to-cradle manufacturing – and even getting them to donate products to people in need.

The overall idea is that companies should make corporate decisions that reflect obligations not just to owners and shareholders, customers and employees, but to society at large and the natural environment. As a scholar of cybersecurity law and policy and READ MORE

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Cut in petrol, diesel prices show PM’s priority towards common man: Shah

BJP chief Amit Shah today said the Modi government’s decision to reduce petrol and diesel prices by Rs 2 shows its priority to giving relief to the common man and farmers at a time when oil price is rising globally.

The government had yesterday cut excise duty on petrol and diesel by Rs 2 per litre each to moderate the relentless rise in fuel prices witnessed for the last three months.

Lauding Prime Minister Narendra Modi for the decision, Shah said in a tweet, “The decision to reduce the impact of rising international oil price highlights the priority the Modi government gives to providing relief to the common man and read more

Demonetisation was an idiotic jolt: 8 things Arun Shourie spoke about

Slamming the Narendra Modi government over sliding economic growth and increasing job losses, Arun Shourie, who was a union minister in the BJP-led government of Atal Bihari Vajpayee, has likened demonetisation with suicide, saying the latter is too “a bold step”.
Former Disinvestment Minister Arun Shourie told NDTV that note ban was the largest money-laundering scheme ever, conceived and implemented entirely by the government.
It was an idiotic jolt, he said read more

When Taj Mahal ‘vanished’ from UP’s tourism booklet and Yogi govt was ridiculed

The Yogi Adityanath government in Uttar Pradesh was ridiculed on social media on Tuesday after its tourism department published a booklet that didn’t include the Taj Mahal in the list of tourism destinations in the state. The booklet includes the Gorakhnath Temple, whose head priest is Adityanath, apart from another Gorakhpur temple.

Washington Post, BBC and several other media outlets reported the story on Tuesday. “Is India neglecting its iconic Taj Mahal because it was built by Muslims?” wrote the Post. It reported that Adityanath had said a couple of month back how Taj Mahal “does not reflect the Indian culture”, and that the UP government had not allocated any heritage funds for read more

New Rs 100 note coming in April, old notes to be withdrawn gradually

The Reserve Bank of India (RBI) will soon release Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, having the signature of Governor Urjit R Patel. However, the Rs 100 banknotes in the earlier series will continue to be a legal tender.
According to Mint, RBI will start printing new Rs 100 notes in April (once Rs 200 notes have been printed), while the existing notes will be withdrawn from the market gradually without causing any disruption.
This is the fourth denomination that has been revamped since the government’s demonetisation on read more

77% Indians don’t save for retirement, most depend on children for support

By 2031, the population of people more than 65 years old is expected to grow the fastest (75%) among all age groups, yet only 23% were saving or planning to save for retirement in 2016, according to an August 2017 report of a committee on household finance set up by the Reserve Bank of India (RBI), India’s central bank.

Only 60% insurance policies received premium for the second year in 2016, the RBI report data show. In five years to 2016, the average number of policies that got second-year premium dropped to 58%. Only 29% policies received payment for the read more

After food orders, Zomato waives fees from restaurants for reservations too

Online restaurant guide and food ordering firm Zomato on Tuesday said the company has decided to waive fees from the restaurants accepting table reservations through it.

The company had last month decided to forgo commissions charged from around 70 per cent of restaurants on food orders placed through Zomato.
“Retrospectively from June 1, 2017 onward, our restaurant partners will not need to pay a ‘per cover’ fee or even a platform fee to accept seamless digital table reservations from Zomato. Yes, the service will be completely free,” Zomato Founder and read more

Expanding all arms: Check out Amazon’s unfolding India play

On a rapid expansion path to capture its last big frontier, Amazon India is systematically adding manpower, technological and financial muscle to all its arms in India.
Following the same growth path it did in the US market, the company has been in the last two years, testing and adding almost every vertical it has globally to the Indian market.
Bolstering one of its various subsidiaries yet again,Amazon IT Services (India)  Pvt Ltd, the oldest arm of the global e-commerce player in India is looking to raise fresh funds to expand its operations in India as it looks at technology as an enabler to grow its business and increase efficiency to its customers. The arm has increased its authorised capital to Rs 900 crore from Rs 400 crore, according to read more