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New Indian Express
14 hours ago
- New Indian Express
Man held for objectionable post against UP CM Adityanath
BALLIA: A man was arrested here for allegedly posting objectionable comments against Chief Minister Yogi Adityanath on a social media platform, police said on Thursday. A case was registered against Sanjay Bharti, a resident of Paligara village, based on a complaint filed by Moti Chandra Gupta. Bharti allegedly used abusive language and wrote objectionable comments against Adityanath on Facebook, the police said. Additional Superintendent of Police Kripa Shankar said the accused has been arrested and sent to jail. He has been booked under relevant sections of the BNS and Section 67 (punishment for publishing or transmitting obscene material) of the Information Technology (IT) Act, the officer said.
Hindustan Times
a day ago
- Business
- Hindustan Times
India blocked 1,524 gambling websites, apps since 2022: Centre in Lok Sabha
India issued blocking orders against 1,524 illegal gambling websites and mobile apps between 2022 and June 2025, the ministry of electronics and information technology (MeitY) informed the Lok Sabha on Wednesday. Online gaming attracts a GST of 28%. (Getty Images) 'From 2022 till June 2025, the government issued 1,524 blocking directions related to online betting/gambling/gaming websites and mobile applications,' MoS MeitY Jitin Prasada said in a written reply to a question raised by TDP MP Krishna Prasad Tenneti on July 23. The government had till February this year issued 1,410 blocking orders, Union minister Ashwini Vaishnaw had said during the budget session in February. This comes amid growing concern over offshore online gambling platforms that operate without following Indian tax rules or local regulations. The Directorate General of GST Intelligence (DGGI) has been authorised under the Information Technology (IT) Act and the Integrated Good and Services Tax (IGST) Act to direct intermediaries to block unregistered online gaming platforms, including foreign gaming platforms violating the IGST Act. Online gaming companies must register under the IGST Act to operate in India, even if they are based outside the country, and platforms that fail to comply risk being blocked. Online gaming attracts a GST of 28%, the government said. While the Centre didn't share the list of blocked platforms or of a state-wise breakdown, it said it supports states and Union Territories through advisories and financial assistance under various schemes for capacity building of their LEAs. 'The policies of the central government are aimed at ensuring an open, safe, trusted and accountable internet for its users,' Prasada said. These platforms, which the government has blocked, often use digital advertising on platforms like Google and Meta to reach Indian users, sometimes via surrogate advertising that masks their true nature. In a separate matter, the Enforcement Directorate (ED) has summoned Google and Meta executives as part of its money laundering investigation into illegal online betting platforms. These platforms are believed to have used ads on multiple websites to promote their services. ED is expected to record the executives' statements under the Prevention of Money Laundering Act on July 28.
Yahoo
3 days ago
- Business
- Yahoo
Weak Dollar May Offset Tariff Pain for S&P?500
Goldman Sachs reckons a weaker dollar might cushion S&P 500 profits even as tariff battles heat probably noticed tariff talk everywhere lately. Companies worry that higher trade barriers will slam their margins. At the same time, the trade?weighted dollar is down about 7% this year, and Goldman's team sees another 4% slide by year?end. That matters because almost a third of S&P 500 sales come from overseas. When the dollar falls 10%, earnings per share tend to pop by roughly 23%, all else equal. Tech giants feel it most. Nearly half of Nasdaq 100 revenue streams in from abroad, and the Information Technology sector tops 50 percent foreign sales. On the flip side, Goldman expects the U.S. economy to outpace most peers in 2025 and 2026, giving home?grown firms a boost. Yet rising tariffsnow forecast to hit a 19% effective rate by early 2027still pose a real threat to those with big international footprints. In an era when supply?chain security is under the microscope, currency moves can be a hidden tool for managing profit swings. A soft dollar won't erase tariff pain, but it can soften the blow. With Q2 earnings rolling in, Goldman's call on a weaker dollar underpins its view that the S&P 500 can climb another 10% over the next year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
3 days ago
- Business
- The Hindu
IT-BT dept hosts Global Collaboration Meet ahead of BTS 2025
The Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka, under its Global Innovation Alliance (GIA) initiative, hosted the Global Collaboration Meet in Bengaluru on Monday to promote the Bengaluru Tech Summit 2025 (BTS 2025) to its partner countries and international trade mission representatives. The meet was convened to further strengthen cross-border collaboration in the lead-up to BTS 2025, scheduled to take place from 18–20 November at BIEC, Bengaluru. Global collaborations 'This year we host the 28th edition of BTS, for the first time at the world-class Bangalore International Exhibition Centre. I warmly encourage all our GIA partner countries to make the most of this opportunity by bringing strong participation of country delegations, hosting national pavilions in the exhibition and curating country-focused sessions in the Global Convergence conference track,' said Ekroop Caur, Secretary to Government, Department of Electronics, IT & BT, and S&T. Beyond Bengaluru According to Ms. Caur, clusters outside Bengaluru including Mysuru, Dharwad, Belagavi, Hubballi and Mangaluru also have been receiving significant traction from foreign countries. Talking about the visit of a delegation from New Jersey to Mysuru, she said, 'We have done a Letter of Intent last year with them and we will be in due course doing an MOU. They are very keen on looking at Mysuru as one of the potential destinations. Similarly, there have been other engagements. We also do three events in each of the clusters as a run-up to BTS. All the three events do see a significant number of countries participating.' She also revealed that Innoverse, a deep tech incubator announced by the government at BTS 2024, will soon start physically incubating startups at the facility, which is in works at NGEF Layout, Indira Nagar. Growing in size The tech summit this year is expected to see more than 1,00,000 attendees, including startup founders, investors, delegates, speakers, and exhibitors. It will feature 10 tracks including IT & DeepTech, Electro-Semicon, Digital Health & Biotech, the Startup Ecosystem, Global Collaboration and India- USA Tech Conclave, AI Universe, Finverse, Defence & Spacetech and My Planet My Future, which focuses on sustainability and climate tech. A major highlight will be the 'Future Makers Conclave', an immersive programme to be attended by more than 2000 startup founders. Special programmes like the Rural IT Quiz, Bio Quiz, Bio Posters, IT, Bio and Exhibitor awards, and Global Leaders Reception will also be part of the summit.
New Indian Express
6 days ago
- Politics
- New Indian Express
SG creates fake ‘SC of Karnataka' X account to flag misuse, defends blocking orders in HC
BENGALURU: To demonstrate how platform 'X' can be misused, and the necessity to curtail its misuse, Solicitor General of India Tushar Mehta on Friday showed the Karnataka High Court a fake account in the name of the 'Supreme Court of Karnataka' which was verified by the platform X. Making a submission before Justice M Nagaprasanna, while hearing a petition filed by X Corp questioning the series of blocking orders issued by the Union government, Mehta drew the attention of the court by giving an illustration to defend the blocking orders. Mehta explained that they opened an account in the name of 'Supreme Court of Karnataka' on X, and it is a verified account. 'Now we can post anything on it, and viewers can say that the Supreme Court of Karnataka said it. The creator of the account remains anonymous,' he submitted. However, senior counsel KG Raghavan, representing X Corp, took serious exception to the demonstration of a fake account and also the contention of the Solicitor General, who in turn contended that the fake account was created only to demonstrate the element of misuse and was not used. Interfering at this stage, the court said a fake account is only an illustration that creating such accounts on the intermediary is easy, and it will not prejudice the case of X. Later, Raghavan informed the court that the said fake account has been blocked by X. X Corp moved the Karnataka High Court, seeking to declare that Section 79(3)(b) of the Information Technology Act, 2000 (IT Act) does not confer powers on the Union government to issue information-blocking orders under the IT Act. It prayed to the high court to declare that information-blocking orders can only be issued under Section 69A of the IT Act, read with the Information Technology (Procedure and Safeguards for Blocking for Access of Information by Public) Rules, 2009 (Blocking Rules). X Corp also requested the court to restrain the Union government from taking coercive or prejudicial action against them for not joining the censorship portal Sahyog, as the Ministry of Electronics and Information Technology (MeitY) has attempted delegation of power that it itself does not have, and should be struck down. Further hearing was adjourned to July 25.
