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FM rolls out loan guarantee scheme for tourist guides, travel agencies

FM rolls out loan guarantee scheme for tourist guides, travel agencies

New Delhi: At a time when the tourism sector has been among the worst-hit segments in the economy and small stakeholders have been facing financial difficulties, Finance Minister Nirmala Sitharaman, on Monday, announced that loans will be provided to registered tourist guides and other travel and to...

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SEBI tightens norms for provisional rating by credit rating agencies

SEBI tightens norms for provisional rating by credit rating agencies

Mumbai: The Securities and Exchange Board of India (SEBI) has strengthened the regulations for provisional rating for debt instruments by credit rating agencies.As per the new norms, all provisional ratings for debt instruments shall be prefixed as 'Provisional' before the rating symbol in all commu...

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SolarWinds: Understanding how a malware hack targeted big US agencies

SolarWinds: Understanding how a malware hack targeted big US agencies

Governments and major corporations worldwide are scrambling to see if they, too, were victims of a global cyberespionage campaign that penetrated multiple U.S. government agencies and involved a common software product used by thousands of organizations. Russia, the prime suspect, denies involvement...

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Install CCTVs with night vision at CBI, NIA, ED offices also, orders SC

Install CCTVs with night vision at CBI, NIA, ED offices also, orders SC

New Delhi: The Supreme Court on Wednesday said whenever there is information of force being used at police stations resulting in serious injury and/or custodial deaths, it is necessary that persons be free to complain for redressal.Against this backdrop, the top court directed the Centre to install ...

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Hackers stole source code from govt agencies, private firms: FBI

Hackers stole source code from govt agencies, private firms: FBI

San Francisco: The US Federal Bureau of Investigation (FBI) has issued a security alert saying threat actors have stolen source code from government agencies and private firms and are abusing it to gain access to critical information.The FBI alert warned the owners of SonarQube, a web-based applicat...

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More trouble for MIAL as SBI likely to appoint forensic auditor

More trouble for MIAL as SBI likely to appoint forensic auditor

New Delhi: More trouble is brewing for GVK Infrastructure and Power, including Mumbai International Airports Limited (MIAL) after the action by enforcement agencies as the lenders are in the process of appointing a forensic auditor. Top banking sources revealed that this is imminent after the PWC wa...

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'Covid-19 may boost state procurement agencies' liquidity'

'Covid-19 may boost state procurement agencies' liquidity'

New Delhi: India Rating and Research expects the Covid-19 pandemic to boost state procurement agencies' liquidity position in FY21.The rating agency expects the pandemic to have a positive impact on the cash flow from operations (CFO) of state procurement agencies (SPAs) in FY21, due to higher offta...

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Govt to levy interest on late payment to MSMEs for GeM purchase

Govt to levy interest on late payment to MSMEs for GeM purchase

New Delhi: Government departments and agencies will have to pay interest on late payment to vendors, largely MSMEs, for products procured through the Government e-Martketplace (GeM), starting October 1.Through an office memorandum, the Department of Expenditure of the Ministry of Finance on Friday s...

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Strong action against illegal agencies sending immigrants abroad: MoS MEA

Strong action against illegal agencies sending immigrants abroad: MoS MEA

 The Minister of State for External Affairs, Muraleedharan today asserted that the government would take strong action against unregistered and illegal agencies sending immigrants abroad.He said that there was an urgent need to identify and prosecute such agencies for their illegal activities.S...

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6-month extension to contractors of central agencies, departments

6-month extension to contractors of central agencies, departments

New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced a six month extension of contracts for contractors by all central agencies and departments including railways, the Central Public Works Department, and Ministry of Road Transport & Highways.The extension would not come with an...

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