Parliamentary Standing Committee on Finance to meet today: From IBC to RBI, here is what's on the agenda…
Chaired by BJP MP Bhartruhari Mahtab, on the agenda for this Committee meet is: Record oral evidence of the representatives of State Bank of India, Bank of Baroda, Indian Bank and Indian Overseas Bank on the subject 'Review of working of Insolvency and Bankruptcy Code and Emerging Issues'.
Also, Reserve Bank of India (RBI) Governor, Sanjay Malhotra to brief the committee on the subject 'RBI's Evolving Role in India's Dynamic Economy'.
Meanwhile, the Parliamentary Standing Committee on Home Affairs is also set to meet at 11 am in Parliament House Annexe today and tommorow to discuss cyber crime and computing related issues, according to an ANI report.
Chaired by BJP MP Dr Radha Mohan Das Agrawal, the Parliamentary Standing Committee on Home Affairs comprises participants from various ministries and government organisations.
Topics of discussion on the agenda for this Committee meet, include: Cyber Crime – Ramifications, Protection and Prevention'. i. Reserve Bank of India (RBI); and
Ministry of Education and Centre for Development of Advanced Computing (C-DAC).
The Committee will again meet at 11 am in Parliament House Annexe Extension Building on July 11.
Topic of discussion on the agenda for tomorrow's Committee meet, include: 'Cyber Crime – Ramifications, Protection and Prevention'.
(This is a developing story, more updates coming…)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
C'garh cops ‘kidnapped' 8 Nadia workers: Mahua
Kolkata: Eight construction workers from Nadia, engaged by a Chhattisgarh-based private construction agency to work in Bastar's Kondagaon, had been "kidnapped" by Chhattisgarh police on July 12 and put in Jagdalpur prison, Trinamool's Krishnanagar MP Mahua Moitra alleged on Monday. Moitra said the workers' phones were switched off and the families had lost contact with them. The MP said these extra-judicial detentions took place despite the eight having valid Aadhaar and EPIC cards. In a statement on X, Moitra said: "They have been sent to prison under 128 BNSS, earlier 109 CrPC, which allows cops to act if they suspect anyone is hiding to avoid committing a cognizable offence. But the legal provisions stipulated have been completely ignored, no hearings were given. The police detained them on July 12, and now they are in prison." You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata She added that she had spoken to Y Akshay Kumar, the Kondagaon SP. Moitra said the SP — who is from Andhra and working in Chhattisgarh — could not respond to her queries. Moitra also posted the police verification reports of the eight detainees. Officers from Nadia's Thanarpara police station, under whose jurisdiction the eight live, have testified that they checked the EPIC and Aadhaar cards of all eight workers, and they were all Indian citizens. "Which law allows police to detain people who are Indian citizens to work anywhere in India?" the MP said.
Time of India
15 minutes ago
- Time of India
RS Software starts work to integrate global payments systems
Kolkata: Tech giant RS Software (India) Ltd, that had built the Unified Payments Interface (UPI) platform in 2015, is now working on a global payments integration platform to facilitate international trade flows. Tired of too many ads? go ad free now The company is also planning to invest over Rs 100 crore over the next five years to bolster the payments network system across the country. Raj Jain, CEO and MD of the company, said: "As UPI gains global recognition, govt has negotiated several bilateral agreements with different countries for the Indian diaspora to be able to pay for their purchases in those countries with UPI. We have worked with NPCI to execute many of these bilateral payment platforms' integration." RS Software is currently looking at bilateral payment platforms' integration in 10 countries, including the UAE, Singapore and France. Samik Roy, the newly appointed COO, will oversee the integration process. In 2024, the value of cross-border payment transactions was $162 trillion. Cross-border payments are challenged by issues like high fees, slow settlement times and poor transparency, making international transactions cumbersome and expensive. "This is where the opportunity is huge to help connect digital payment networks to facilitate global trade flows and make it easy for lower-value cross-border payments," said Jain. After the UPI platform launch, RS Software built the bill payments platform and in 2019 delivered the enterprise fraud and risk platform for the country.
India.com
30 minutes ago
- India.com
India, US Finalise Interim Trade Deal: GM Crops Rejected, Tariffs Realigned – What It Means For Exports, Innovation And Farmers
New Delhi: India and the United States are set to sign an interim trade agreement this week, covering key areas such as agriculture, processed foods and industrial tariffs. The deal has been finalised after months of negotiations between both countries. India has agreed to reduce tariffs on certain U.S. agricultural imports, including apples, nuts like blueberries and blackberries and selected processed food products. However, New Delhi has made it clear that there will be no agreement on genetically modified (GM) crops. According to officials, GM crops remain a red line due to domestic concerns and upcoming trade talks with the European Union (EUFTA). The deal includes a tariff structure where Indian goods entering the United States will face an average tariff of 11.5%, while U.S. goods entering India will face a 7% tariff. India has also refused a blanket tariff approach on automobiles. Instead, it has asked for separate slabs based on vehicle type and category. The United States is said to have accepted this proposal. There is also no agreement on dairy products. The United States had pushed for broader access to India's dairy market, but India has not accepted this, citing the potential impact on small farmers and rural incomes. Only processed dairy items will be allowed under the agreement. The deal comes at a time when the US is revising its trade approach with several countries. President Donald Trump has announced higher tariffs on exports from the European Union (EU), Japan, South Korea, Mexico and other nations, starting August 1. India is seen as a key trade partner in this changing environment. Meanwhile, a report by SBI Research suggests that India could benefit from this realignment. The study says India has a comparative advantage in chemical exports, including pharmaceuticals. If New Delhi captures just 2% of the U.S. chemical import market, this could add 0.2% to India's GDP. The report also highlights opportunities in the textile and apparel sectors. If India increases its share in the U.S. apparel market by 5%, it could add another 0.1% to GDP. India is also reviewing its Free Trade Agreement (FTA) with ASEAN countries. The aim is to address tariff gaps and prevent large-scale dumping of goods from countries like China through ASEAN partners. However, the SBI report also warns about potential risks to the Indian dairy sector. If the sector were opened to U.S. dairy imports, milk prices could fall by 15%, causing an estimated income loss of Rs 1.03 lakh crore to farmers. It could also result in a Rs 51,000 crore loss to India's gross value added (GVA), with major effects on rural employment. Final talks on the interim deal are expected to conclude this week. Officials from the Ministry of Commerce and Industry have already reached Washington for the signing. The agreement is part of broader trade discussions that may continue in the coming months.
