
SSC chairman refutes allegations, clarifies eduquity's role in exam process
Technical glitches reported during the exams were attributed to delays in the new security software rather than hardware faults. The Aadhaar-based verification system, he noted, has significantly curbed impersonation, preventing candidates from appearing under multiple identities and leading to a drop in overall registrations.The chairperson also highlighted operational improvements introduced by Eduquity, including a Command Control Room (CCR) and a one-click VoIP system, aimed at boosting efficiency and transparency.On government action, he confirmed that Ernst & Young (EY) has been appointed as the audit agency. Preliminary findings suggest that fewer than 5% of candidates encountered issues during the examination, and all such candidates will be offered a fair chance to reappear.The interview underscored that Eduquity has adhered to its responsibilities for transparency, and the SSC urged the public to rely on verified information rather than speculation.- Ends

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Time of India
an hour ago
- Time of India
Loss of face, but AAP prevents more damage by withdrawing land pooling policy
Jalandhar: Though it is a loss of face for the Aam Aadmi Party govt and the biggest U-turn so far, by withdrawing the Land Pooling Policy, the ruling party prevented more damage to itself. Tired of too many ads? go ad free now As the opposition to the policy grew bigger with every passing day, it became oxygen for the opposition parties, especially for Congress and Akali Dal, as well as for all the critics of the state govt. On Punjabi social media, the state govt and the ruling party completely lost the narrative on the issue, as even their own were not coming forward to justify it. When the state govt has been discrediting farm groups and the latter also lost space due to their own flaws and follies, after the big victory of making the Modi govt to withdraw the three farm laws, the policy made the badly divided farm groups to unite. When AAP is known for strong discipline and every leader and worker has to follow the instruction by the party's central command, yet the MLAs and constituency in-charges, in whose areas the villages were coming under the scheme, did not dare to go to the villages to explain it to the people or to post their own statements on their social media accounts. They confined themselves to sharing the posts of the party's social media accounts. No social or economic group came forward to defend the policy even as the fault lines, subtle or explicit, exist. No party worker on the ground was ready to go among the people to justify the policy, especially after two party workers suffered the ignominy of being confronted by the farmers in Jalandhar village Kot Kalan on the night of July 24, their publicity material taken away and torched. The fear only increased among party workers as there was no dearth of videos on Punjabi social media where men and women from the affected villages issued warnings of serious physical consequences if anybody entered their villages. Tired of too many ads? go ad free now Hoardings were in the affected villages 'banning' entry of AAP leaders. From among the senior party leaders, only Chief Minister Bhagwant Mann, State President Aman Arora, Finance Minister Harpal Cheema, Industries Minister Sanjeev Arora, and MP Meet Hayer appeared more vocal in justifying the policy, while other ministers and MLAs preferred to stay silent. More than the farmers, the withdrawal of the policy has come as a big relief for the AAP leaders and workers, especially in the rural areas. They found themselves in a piquant situation, as on one side the Delhi-based party leadership strongly pushed the policy, but on the other, the intensity of the negative reaction increased. MSID:: 123239495 413 |


Time of India
an hour ago
- Time of India
Nvidia strikes $3 billion revenue-sharing deal with Trump administration to resume AI chip sales in China
Nvidia struck a deal with the Trump administration to continue selling chips to China. The agreement involves Nvidia sharing revenue with the US government. This decision followed earlier export restrictions on Nvidia's H20 chips. Analysts suggest this move is better than letting Chinese companies dominate the AI market. However, some worry it might push China towards domestic chipmakers like Huawei. Tired of too many ads? Remove Ads Nvidia and AMD face criticism over China deal Tired of too many ads? Remove Ads China's chip market and Nvidia's challenges FAQs Nvidia made a special deal with the Trump administration to keep selling chips to China. The deal means Nvidia will share up to $3 billion in revenue with the US government this fiscal year to sell its H20 chips in Trump confirmed the deal on Monday, saying he granted export licenses to Nvidia in exchange for 15% of the China sales revenue. Trump called Nvidia CEO Jensen Huang 'a brilliant guy' during the from multiple media outlets, including the Financial Times and Washington Post, said Nvidia and AMD made similar deals with Trump, citing unnamed sources. Some trade experts called the deal 'blackmail' and said it might violate the US Constitution's ban on export taxes, as per the report by Washington did not officially confirm the deal but said they follow US government rules and hope export controls allow them to compete in China and worldwide. Nvidia and AMD shares dropped slightly on Monday after the news. China is very important to Nvidia, making up 13% of its revenue last fiscal year, as stated by Yahoo has tried selling lower-power chips to China due to tighter US export controls for national security reasons. Nvidia launched its H20 chips (based on Hopper technology) in 2024. In April, the Trump administration unexpectedly banned Nvidia from exporting H20 chips to China, causing Nvidia to lose billions and its stock to fall sharply. The export ban was lifted in July, but US lawmakers still worry about China's AI Street expects Nvidia to recover $15 billion in lost sales in the second half of the year, reaching about $20 billion total revenue from China for fiscal year 2026. If the revenue reaches $20 billion, the US government could earn $3 billion from the deal (15% of sales).Analyst Stacy Rasgon from Bernstein said it's better for Nvidia and AMD to sell AI chips to China than to let Chinese companies like Huawei take over the AI market, as per the Yahoo Finance is a big Chinese tech company making chips to compete with Nvidia's H20 chips. Nvidia says US export controls might help Chinese rivals like Huawei to grow stronger. Currently, the revenue-sharing deal covers only Nvidia's H20 chips. (Trump's comment).In July, Nvidia also released new chips with its latest Blackwell architecture for the Chinese Rasgon expects China to start buying these new Blackwell-based chips from Nvidia as export rules allow. However, analyst Gil Luria from DA Davidson warns the deal could push China to rely more on domestic chipmakers like Huawei. Luria says China might not want to buy from US companies if they have to share money with the US government, according to the report by Yahoo made the deal to get permission to sell its H20 AI chips to China while sharing part of the revenue with the US US government could earn up to $3 billion from Nvidia's revenue-sharing deal based on 15% of the China sales.

Business Standard
an hour ago
- Business Standard
Trump urges China to quadruple soybean buys amid tariff truce talks
US President Donald Trump on Sunday urged China to quadruple its soybean purchases ahead of a key tariff truce deadline, sending Chicago soybean prices higher, though analysts were quick to question the feasibility of any such deal. In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the US. "Rapid service will be provided. Thank you President XI," Trump said in his post. The most active soybean contract on the Chicago Board of Trade (CBOT) jumped 2.38 per cent to $10.11 a bushel at 0637 GMT on Monday after Trump's post. The contract was steady earlier. China, the world's largest soybean buyer, imported roughly 105 million metric tons last year, just under a quarter coming from the US and most of the remainder from Brazil. Quadrupling shipments would require China to import the bulk of its soybeans from the US "It's highly unlikely that China would ever buy four times its usual volume of soybeans from the US," said Johnny Xiang, founder of Beijing-based AgRadar Consulting. A tariff truce between Beijing and Washington is set to expire on August 12, but the Trump administration has hinted that the deadline may be extended. It is unclear if securing China's agreement to buy more US soybeans is a condition for extending the truce as Trump looks to reduce China's trade surplus with the US China's soymeal futures fell 0.65 per cent to 3,068 yuan per metric ton on expectations US imports could increase supply. China's Ministry of Commerce did not immediately respond to a Reuters request for comment. Under the Phase One trade deal signed during Trump's first term, China agreed to boost purchases of US agricultural products, including soybeans. However, Beijing fell far short of meeting those targets. This year, amid Washington Beijing trade tensions, it has yet to buy any fourth quarter US beans, fuelling concerns as the US harvest export season approaches. "On Beijing's side, there have been quite a few signals that China is prepared to forego US soybeans altogether this year, including booking those test cargoes of soymeal from Argentina," said Even Rogers Pay, an agricultural analyst at Trivium China. Reuters previously reported that Chinese feedmakers have purchased three Argentine soymeal cargoes as they aim to secure cheaper South American supplies amid concerns about a possible soybean supply disruption in the fourth quarter. US soybean industry has been seeking alternative buyers, but no other country matches China's scale. Last year, China imported 22.13 million tons of soybeans from the US, and 74.65 million tons from Brazil.