Latest news with #Governance
India Gazette
a day ago
- Business
- India Gazette
Union Minister Manohar Lal Khattar meets President Asian Development Bank Masato Kanda
New Delhi [India], May 31 (ANI): Minister of Housing and Urban Affairs and Power, Manohar Lal Khattar and the Asian Development Bank President, Mr. Masato Kanda met today at Shram Shakti Bhawan to discuss ADB's unflagging support and investment in the Indian Urbanisation, said a release from the Ministry of Power. According to the release, the meeting emphasised ADB's past support extended to various developing sectors and highlighted potential areas of investment to achieve the glorious vision of 'Viksit Bharat 2047'. Union Minister Lal and President Kanda discussed a range of issues, addressing India's development in Mass Transit Systems, Inclusive Housing, Urban Sanitation and Infrastructure, Urban Governance and Reforms, among other topics. The Hon'ble Minister shed light on the expanse of the development boom experienced by the mobility sector, as successful models of Multi-Modal Transit Systems are being deployed and scaled up throughout the country. According to the release, the Minister emphasised the significant progress made under key flagship missions such as Swachh Bharat Mission, AMRUT, and PMAY-Urban, and underscored the opportunity for ADB to align its investments with India's urban development agenda to advance the shared vision of creating sustainable, inclusive, and connected cities. ADB's President, Kanda, congratulated India for the steadfast growth witnessed in the Rapid Rail Transit System (RRTS) and called the progress impressive. He also commended on how the Rail Network tactfully managed air pollution, transportation and social challenges, and how it is a matter of immense pride to be associated with the project. Continuing on this pattern of growth, the President advised how such efforts can be amplified by using integrated planning and holistic development, ensuring the involvement of private players equipped to deploy innovation on the ground for path-breaking results. As per the release, both officials discussed the importance of the Urban Challenge Fund being forward-looking in its design, with strong support from municipal corporations to improve the bankability of projects. The Minister appreciated ADB's collaboration in developing knowledge frameworks aligned with the priorities outlined in the Union Budget 2025-26. The Fund envisions cities as Growth Hubs, serving as blueprints for transforming water, sanitation, and waste services in 100 Indian cities. The Minister also expressed interest in ADB initiating demonstration projects that could serve as lighthouse models for future urban development. The meeting concluded with a vote of thanks from Srinivas Katikithala, Secretary, Housing and Urban Affairs, with an expression of appreciation for ADB's partnership and commitment. (ANI)
Bloomberg
3 days ago
- Business
- Bloomberg
ECB's Kazimir Convicted of Bribery and Given €200,000 Fine
European Central Bank Governing Council member Peter Kazimir was found guilty of bribery and handed a €200,000 fine ($225,380). A court near Bratislava, Slovakia, where Kazimir also heads the central bank, said Thursday if he fails to pay the fine he will need to serve a one year sentence in prison.
The Herald
3 days ago
- Business
- The Herald
DA welcomes RAF CEO Collins Letsoalo's placement on special leave
The placement of Road Accident Fund CEO Collins Letsoalo on precautionary leave is a long-overdue but necessary step to ensure that the Special Investigating Unit (SIU) can conduct its preliminary investigation without interference or influence, the DA said on Wednesday. The transport department said the decision was in the interest of good governance and a precautionary step to facilitate ongoing investigative processes. 'It does not imply any prejudgment or adverse finding against the CEO.' The DA said Letsoalo's temporary removal from office must facilitate full transparency and accountability, particularly in light of serious allegations concerning the RAF's governance failures, financial mismanagement and possible misconduct. Briefing the standing committee on public accounts (Scopa) last month, the SIU said it had experienced a lack of co-operation from the RAF in its investigation into the affairs of the entity. 'There were instances where the SIU had to resort to opening a criminal case against a RAF executive for failure to adhere to a lawful subpoena issued by the SIU in terms of the SIU Act,' SIU head Any Mothibi said last month. The DA said the ministry of transport's support for the decision to place Letsoalo on leave must be followed by full co-operation with Scopa and law enforcement agencies. 'The precautionary suspension of the CEO is just the beginning. The DA will not rest until justice and good governance are restored at the RAF.' TimesLIVE
National Post
4 days ago
- Business
- National Post
New Report Reveals Opportunities to Optimize ServiceNow Operations as Platform Adoption Accelerates
Article content COVINA, Calif. — xtype, the Multi-Instance Governance Platform company, today released its inaugural 2025 State of ServiceNow Operations Report, revealing valuable insights into how organizations are governing their ServiceNow implementations. The comprehensive study examines operational practices across instance management, development processes, security, and governance – as well as Gen AI adoption – as organizations expand their ServiceNow footprints. Article content Key Findings Article content The 2025 State of ServiceNow Operations Report is based on comprehensive survey data collected from ServiceNow customers across industries in Q4 2024. The study analyzed customer behaviors, operational patterns, and technology adoption trends across organizations with varying platform maturity levels, uncovering several valuable insights: Article content Multi-Instance Management Practices: 70% of organizations report that clone-down processes impact development workflows, with 43% performing clone-downs quarterly. Early-stage users (0-2 years) typically maintain just two development instances, while 55% of mature teams manage 4+ instances, demonstrating how complexity scales with adoption. Governance and Security Landscape: The report reveals varied approaches to governance, with 30% restricting admin privileges to development instances only, while 16% provide full admin access across all environments. In terms of audit practices, 25% track audit logs in spreadsheets, and in healthcare specifically, 20% maintain no formal audit logs despite regulatory requirements. Industry-Specific Patterns: In heavily regulated sectors like healthcare and financial services, organizations are adapting their ServiceNow operations to meet demands, with 66% of financial services organizations maintaining larger teams (16+ members). Additionally, 83% of retail organizations cite governance and compliance as a top operational challenge. Article content The report identifies distinct operational patterns based on platform maturity: Article content Early-Stage Users (0-2 years): 65% manage deployments via spreadsheets and 75% maintain at least two development instances. Without proper instance management tools, these organizations struggle to scale effectively. Growth Stage (3-5 years): This largest segment (41% of respondents) shows evolving process maturity, with 67% performing clone-downs monthly or quarterly. However, 73% report extended developer downtime during these processes, translating to significant productivity losses. Many organizations in this category cited 'environment sync issues' as a persistent challenge. Mature Users (6+ years): Despite their experience, only 57% utilize commercial tools for deployment automation, with the remainder still relying on homegrown solutions or manual processes. Most concerning, even at this stage of maturity, 55% identified 'customization versus standardization' as their primary operational challenge when managing dev, test and production instances. Article content 'These findings expose critical challenges in ServiceNow instance management as organizations scale their implementations,' said Ron Gidron, CEO of xtype. 'ServiceNow isn't one system anymore—it's dozens. Customers are running production, test, dev, training, and regional environments with no visibility, fragmented changes, inconsistent policies, and risky workarounds. This is no longer a DevOps problem—it's a governance problem. And xtype is the first platform purpose-built for it.' Article content Gidron continued, 'The security findings reveal a systemic governance failure. With many allowing unrestricted admin access and operating without any cross instance audit trails. In healthcare, the fact that 1 in 5 organizations lack formal audit logs isn't just risky—it's a regulatory crisis waiting to happen. This isn't a tooling issue. It's a lack of visibility, control, and accountability across environments. Without governance, these teams are flying blind.' Article content The report reveals significant momentum in AI adoption and other advanced technologies: Article content Gen AI Implementation: While 14% have already implemented Gen AI capabilities within their ServiceNow environments, a substantial 70% plan to adopt within the next 12 months. This demonstrates strong interest in leveraging ServiceNow's latest AI innovations to automate processes and enhance service delivery. AI Adoption by Industry: Technology and telecom sectors lead in AI adoption, with 33% having already implemented Gen AI solutions – more than double the overall average. Additionally, 82% of large teams (16+ members) plan to adopt Gen AI within the next year. Creator Studio Traction: 11% of organizations are currently using ServiceNow's Creator Studio, with an additional 41% planning to adopt it. However, adoption intent varies significantly by industry, with 60% of financial services respondents indicating no current plans to implement it. Platform Expansion: Nearly 100% of respondents plan to onboard at least one new ServiceNow module in the coming year, indicating exceptional confidence in the platform's value proposition. Article content 'Our data shows that ServiceNow customers are enthusiastically embracing the platform's expanding capabilities, particularly around AI,' said Scott Willson, Head of Product Marketing at xtype. 'The strong planned adoption rates for Gen AI—70% within a year—demonstrate that organizations see tremendous potential in these new capabilities. However, maximizing AI's value requires a solid operational foundation. Organizations that proactively address instance management challenges, implement strong governance frameworks, and automate key processes will be best positioned to leverage AI and maximize the platform's transformational potential.' Article content Founded in 2020, xtype is the first and only governance platform for ServiceNow. Built for multi-instance environments, xtype gives platform teams real-time visibility, control, and automation to accelerate delivery without losing compliance. Global leaders in banking, insurance, and healthcare trust xtype to reduce risk, enforce policy, and move faster with confidence. Article content Article content Article content Article content Article content Article content
The Hindu
6 days ago
- Politics
- The Hindu
All set for TDP's first Mahanadu in Kadapa from May 27
The stage is set for the commencement of the Telugu Desam Party (TDP)'s first-ever Mahanadu, the annual conclave,here on May 27 (Tuesday). Kadapa has been the citadel of the family of former CM Y.S. Rajasekhara Reddy for decades but it has been broken by the NDA partners — TDP, Jana Sena Party and BJP — in the 2024 general elections. In fact, the TDP-led alliance had achieved a stunning victory not only in Kadapa district but throughout the Rayalaseema region infamous for its backwardness and faction violence. Starting Tuesday, the TDP will throw light on its plans for the development of Andhra Pradesh (A.P.) for the next four years, while harping on the YSR Congress Party (YSRCP) misrule, touching on a wide range of its policies that purportedly pushed the State backward in various spheres. Reports On Day One of the mega event, being conducted near C.K. Dinne village near the district headquarters, tributes will be paid to the TDP founder and former CM N.T. Rama Rao. The party's general secretary and treasurer will submit their reports and it will be followed by a speech by TDP State president and Gajuwaka MLA Palla Srinivasa. Chief Minister and party national President N. Chandrababu Naidu's inaugural address will follow. Mr. Naidu will kick off discussions on the organisational structure and its future plans, in addition to the implementation of the party's core principles. During the day, leaders will move a six-formula resolution and propose certain amendments to the rules and regulations of the party. Most importantly, the leaders will notify the election of the party's national President (which is going to be a mere formality) at 1 p.m. The second day will feature detailed deliberations on development and welfare programs taken up by the TDP-led NDA government. A photo exhibition and blood donation camps are being conducted as part of the event. The TDP's six-formula resolution includes a policy to shape aspiring and eligible activists into leaders, Yuva Galam (welfare of the youth, investments, employment opportunities, decentralisation of development, development of backward areas, and WhatsApp Governance), supporting the global Telugu community and involving them in the State's growth, women welfare and empowerment, social justice and prosperity of the poor (eradicating poverty through the P-4 initiative, housing for the weaker sections, and making healthcare and education accessible to all towards achieving Swarnandhra Vision-2047), and supporting farmers with due focus on the construction of irrigation projects. Tight security Elaborate arrangements have been made for the Mahanaduon a sprawling ground near Kapada. Mr. Palla Srinivasa Rao, several Ministers, MLAs and Politburo members personally monitored the steps taken for successful conduct of the prestigious event, while the police deployed a large number of personnel to avert any untoward incident and for controlling traffic. Due focus is going to be laid on plans for the development of Rayalaseema which has been mainly beset by the tardy progress of pending major irrigation projects.
