Aviation safety: Parliament panel flags DGCA staff shortage; half of all posts vacant, push for autonomy

[ad_1] A Parliamentary panel has raised alarm over the “existential threat” posed by severe staffing shortages at the Directorate General of Civil Aviation (DGCA) and pressed for granting the regulator both financial and administrative autonomy through a time-bound plan.The Department-Related Parliamentary Standing Committee on Transport, Tourism and Culture, chaired by JD(U) leader and Rajya Sabha…

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GST reform push: Centre proposes GST exemption on life and health insurance; GoM to submit report by October

[ad_1] The Centre has proposed exempting individual life and health insurance policies from GST, Bihar Deputy Chief Minister and convenor of the Group of Ministers (GoM) on insurance Samrat Choudhary said on Wednesday. At present, insurance premiums attract 18% GST.“The Centre’s proposal is clear that the individual insurance policies should be exempt from GST. This…

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China tech slowdown: Baidu quarterly revenue dips on weak consumer demand; AI bets, robotaxi push offer growth hope

[ad_1] Chinese internet major Baidu reported a fall in quarterly revenue on Wednesday, hit by sluggish domestic consumption even as the company ramped up its artificial intelligence drive and overseas robotaxi ambitions.Baidu posted revenue of 32.7 billion yuan ($4.56 billion) in the April-June quarter, a 4% year-on-year decline, according to its filing with the Hong…

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Infosys hands out significantly higher bonus! Employees get average 80% payout; big hike over previous one

[ad_1] Infosys bonus distribution covered employees at levels 4, 5 and 6, comprising the majority of the organisation’s 323,000 workforce. Infosys, India’s second largest IT services firm, has distributed performance bonus letters to qualifying staff members for the April-June (Q1FY2025-26) quarter. The IT giant is paying out a significantly higher average bonus compared to the…

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Rare earth minerals trade shift: China’s exports jump 75% in July to 6-month high; shipments to US and Europe rebound as curbs ease

[ad_1] China’s exports of rare earth magnets bounced back strongly in July, climbing to a six-month high and signalling that trade flows of the critical minerals essential for electric vehicles have returned to levels seen before Beijing tightened export controls.Data released by the General Administration of Customs on Wednesday showed that exports from the world’s…

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Rs 1.3 crore lost in cyber scam: Chandigarh cyber cell arrests Mumbai man for fraud; police issues advisory to public

[ad_1] NEW DELHI: Chandigarh Police’s Cyber Crime unit arrested a 34-year-old man from Mumbai for allegedly defrauding a city resident of Rs1.3 crore through an elaborate WhatsApp impersonation scam. The accused, identified as Joshua Oscar Nevis, allegedly posed as the victim’s employer and tricked him into transferring the money. Fraud via WhatsApp Impersonation According to…

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Online Gaming Bill tabled in Lok Sabha: Government cracks down on digital betting, gambling; seeks total ban

[ad_1] Online Gaming Bill tabled in Lok Sabha The Online Gaming Bill was tabled in the Lok Sabha, after being cleared by cabinet, on Wednesday, with the government describing it as a move that “strikes a balanced path—encouraging innovation and youth engagement through safe and positive online gaming, while firmly prohibiting harmful online money games.”Titled…

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Crypto market losing steam? Bitcoin slides toward $113,000 after $124,000 peak, Ethereum near $4,100- What experts have to say

[ad_1] Bitcoin value slides (AI image) Bitcoin declined towards $113,000 on Wednesday following its peak of $124,000 last week, whilst Ethereum remained around $4,100, indicating market uncertainty, as per analysts, quoted by Economic Times.“The crypto market is caught in a fragile moment, where sentiment is swinging faster than prices themselves. Bitcoin slipping toward $113,000 and…

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‘A global hub for export’: India eyes 10% share of global green hydrogen demand by 2030; 862,000 tonnes of production allocated across 19 firms

[ad_1] India intends to secure approximately 10% share of worldwide green hydrogen demand, projected to surpass 100 million metric tonnes by 2030, according to Shripad Naik, minister of state for power and new and renewable energy, speaking on Tuesday. Under the National Green Hydrogen Mission, Substantial progress has been achieved towards production goals, with 19…

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