With a view to making banking sector more secure, the RBI has proposed several measures, including introduction of a system under which a person would be able to block his stolen ATM card through an SMS. The RBI has also proposed a raise in insurance on bank deposits to Rs 5 lakh and having a single common toll free call number for all banks, besides zero liability against loss i
Raising concerns over online fraud schemes duping the public of their hard earned money, the Bombay High Court on Wednesday directed the Economic Offences Wing of the city police to state what strategy it proposes to develop to tackle such offences. "There has to be some strategy to probe such offences where people are lured into investing money by some websites in t
In the biggest ever series of cyber attacks uncovered to date, hackers were found to have broken into networks of the Indian government, United Nations and US defence companies, with security experts pointing to China as the culprit. Seventy-two organisations, including major US defense groups, have been victims of the cyber attack that began in 2006, making it one of the larges
Microsoft on Wednesday kicked off a contest aimed at turning the tables on hackers by offering big money prizes for innovative tactics to foil cyber attacks. The US software titan launched the premier BlueHat Prize competition at a major Black Hat computer security conference in Las Vegas. "As the risk of criminal attacks on private and government computer systems continues
E-commerce firm HomeShop18 on Wednesday said it has acquired online books retailer CoinJoos.com for an undisclosed amount. "This is the first acquisition by the company and is aimed towards strengthening books business and tap the massive market accessing the technology and resources of CoinJoos.com," Homeshop18.com Vice President E-commerce Narasimha Jayakumar told PT
Telecom Minister Kapil Sibal has asked the DoT to evolve guidelines to reduce the element of its discretion while deciding penalty for violation of licence conditions and make the process as scientific as possible. As of now the Department of Telecom (DoT) has been levying maximum penalty of Rs 50 crore for all cases of violations of license conditions. The DoT should evolve guid
UIDAI Chairman Nandan Nilekani on Wednesday briefed the Chairman of the Empowered Committee of State Finance Ministers on GST Sushil Modi here about the IT initiatives for the roll out of Goods and Services Tax. Nilekani discussed with the Bihar Deputy Chief Minister, who also holds the state finance portfolio, an initiative for centralised IT infrastructure for Goods and Services Tax (GST) acr
A total of 117 government websites were defaced during the period January - June, 2011 as per a written reply by the minister of state for communications and information technology, Sachin Pilot in the Lok Sabha. All the affected organizations and departments were requested to provide web server logs of hacked websites for analysis and identifying nature and type of attack and v
Minister of state (MoS) for communications and IT, today clarified in Lok Sabha that government has formulated the IT rules notified on 11.4.2011 after wide consultation with industry Associations and stakeholders and the rules were duly endorsed by industry Associations. The industry Associations in their comments did not raise the issues particularly pertaining to compromising the priva
The minister of state for communication and IT, Sachin Pilot today informed Lok Sabha through written reply that the government has set up a Committee to look into the aspects of interception of encrypted communications comprehensively for all types of services so as to address the needs of security agencies. The reply further stated that several service providers are providing s
Rajasthan Chief Minister Ashok Gehlot today launched `Aadhar` scheme for issuing unique identification number to the people in the state. The Chief Minister launched the scheme for Ajmer, Jodhpur and Udaipur postal circle through video conferencing at a function here. The 12-digit unique number will store basic demographics and biometric information of each individ
The government has initiated action to transfer food entitlements through an electronic system to beneficiaries under Targeted Public Distribution System (TPDS) by taking up pilot schemes on Computerization of TPDS operations and Smart Card based delivery of essential commodities. This information was given by the minister of state in the ministry of consumer affairs, food & public distribu
The Crime and Criminal Tracking Network Systems (CCTNS) Project has been launched recently and nearly 15015 police stations and 7000 higher offices including circles, disricts, sub-divisions , state headquarters, etc. throughout the country have been proposed to be automated. This was stated by Jitendra Singh, minister of state in the ministry of home affairs in written reply
An e-biz portal, which will allow entrepreneurs to seek clearances - both from central and state government, will be inaugurated in Andhra Pradesh in January. The pilot project, an initative of Minister of State for Commerce and Industry Jyotiradiya Scindia, will allow businesses to file various returns, pay taxes and submit compliances through a single interface.
Drivers breaking traffic rules now will not be able to skip from the eyes of Gurgaon police as the force today launched a `third eye` project wherein 50 constables will be equipped with mobile to click pictures of the violators. Launching the project in collaboration with mobile company Nokia, Millennium City Welfare Society and software company Denave, Gurgaon Police Commissione
The Uttarakhand government today decided to link all police stations and pickets in the state with the police headquarters by December this year. A decision to this effect was taken at a meeting here, presided over by Chief Secretary Subhash Kumar and attended among others by state DGP J S Pande, an official release said. An integrated system would be installed for
United Stock Exchange of India (USE), country`s specialist currency exchange, today announced a tie-up with Omnesys Technologies to provide an "algorithmic" trading platform to its members. USE said that increasing number of its trading members are opting for trading currency markets deploying algorithmic strategies, and becoming active on the automated trading operatio
With the publishing industry gradually witnessing a paradigm shift from print to digital and the huge popularity of Indian writers, a leading company has opened its doors to electronic publishing and distribution worldwide to South East Asian publishers. Konark International, an associate of Konark Publishers India, is offering its services to the ever-growing market with apparen
In a development that may impact the telecom sector in a major way, the Telecom Ministry is understood to have endorsed Trai`s proposal of allocating up to 10 Mhz of GSM spectrum in metros like Delhi and Mumbai. With this operators like Bharti, Vodafone and Idea would be able to retain spectrum up to 10 Mhz in metros but would have to return beyond this. This would help operators
Consumer right activist CUTS International has urged competition watchdog CCI to investigate potential misuse of dominant position by social networking site Facebook. CUTS has written to the Competition Commission of India (CCI) regarding Facebook Inc and its newly introduced payment system `Facebook Credits`, which could be spent across various games or applications on the popul
