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Business Standard
2 hours ago
- Business
- Business Standard
LIVE news updates: India has to now contend with China, America, Pakistan, says Congress
After US President Donald Trump imposed a 25 per cent tariff on India, the Congress on Thursday criticised Prime Minister Narendra Modi, noting that while he had earlier highlighted issues related to TOP — Tomato, Onion, Potato — price fluctuations, the nation was now facing political challenges stemming from CAP — China, America, Pakistan. The opposition party said that on the one hand President Trump criticises India strongly and imposes penalties on it for trading with Russia, while on the other hand, just before the Iranian President's visit to Pakistan, he announces a big partnership with Pakistan for hydrocarbon exploration and development, alongside a trade deal. Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, is set to move the Merchant Shipping Bill, 2024 in the Lok Sabha for its passage. The proposed legislation seeks to modernise and unify existing shipping laws to bring them in line with international maritime treaties to which India is a signatory. As per the list of business in the Lower House, the bill aims to consolidate and revise merchant shipping laws to ensure India meets its international maritime obligations. It also seeks to support the growth of Indian shipping and ensure the effective management of the country's mercantile marine in alignment with national interests. 11:13 AM India has to now contend with China, America, Pakistan, says Congress After US President Donald Trump announced a 25 per cent tariff on India, the Congress on Thursday took a swipe at Prime Minister Narendra Modi, saying that he once spoke of the TOP -- Tomato, Onion, Potato -- challenges in prices, but the country now has to contend with the political challenges arising out of CAP -China, America, Pakistan.
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Business Standard
3 hours ago
- Politics
- Business Standard
Sonowal to move shipping bill in LS; ST quota bill for Goa up for debate
Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal will move 'The Merchant Shipping Bill, 2024' to update and unify existing law to align with international maritime treaties. According to the list of business in the Lok Sabha, the bill will be moved for passage. The legislation will consolidate and amend the law relating to merchant shipping to ensure compliance with India's obligations under the maritime treaties and international instruments to which India is a party and also to ensure the development of Indian shipping and efficient maintenance of Indian mercantile marine in a manner best suited to serve the national interest. The Lower House will also take up the 'The Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024' for further consideration. The bill was moved by the Union Law Minister Arjun Ram Meghwal on December 17, 2024. The bill aims to enable reservation of seats in accordance with article 332 of the Constitution for effective democratic participation of members of Scheduled Tribes and to provide for the readjustment of seats in the Legislative Assembly of the State of Goa, in so far as such readjustment is necessitated by inclusion of certain communities in the list of the Scheduled Tribes in the State of Goa, according to the list of business in Lok Sabha. Meanwhile, in Rajya Sabha, Union Home Minister Amit Shah will move a resolution to extend President's Rule in Manipur for a further period of six months with effect from August 13, 2025. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal will move the Carriage of Goods by Sea Bill, 2025, for consideration and passage in the Upper House. The Bill, which has already been passed by the Lok Sabha, seeks to provide for the responsibilities, liabilities, rights and immunities of carriers in relation to the carriage of goods by sea, and for matters connected therewith. Both Houses of Parliament have witnessed heated exchanges and adjournments during the initial days of the Monsoon Session, but are expected to proceed with key legislative business today. The session is scheduled to continue until August 21.
NDTV
3 days ago
- Business
- NDTV
India, Japan Talks Focus On Economic Security, Space And Technology
Tokyo: India's Ambassador to Japan, Sibi George, met with Japan's Minister for Economic Security, Minoru Kiuchi, and discussed ways to boost the India-Japan Special Strategic and Global Partnership, particularly in the fields of economic security, space, and science and technology. "Ambassador @AmbSibiGeorge welcomed HE Mr Minoru Kiuchi, Hon'ble Minister for Economic Security of Japan, at India House, and discussed strengthening further India-Japan Special Strategic and Global Partnership, particularly in areas of economic security, space, and science & technology," the Indian Embassy in Japan said in a post on X, on Monday. Ambassador @AmbSibiGeorge welcomed H.E. Mr. Minoru Kiuchi, Hon'ble Minister for Economic Security of Japan, at India House, and discussed strengthening further India-Japan Special Strategic and Global Partnership, particularly in areas of economic security, space, and science &… — India in Japanインド大使館 (@IndianEmbTokyo) July 28, 2025 The meeting comes amid a series of recent diplomatic and strategic engagements between the two countries aimed at deepening bilateral cooperation. Earlier this week, the event "IPOI: India-Japan Partnership in Maritime Connectivity" was held at the Indian Embassy in Tokyo. Ambassador Sibi George delivered the inaugural remarks, with special addresses by Japan's former Defence Minister and MP Minoru Kihara, India's Secretary (East) P Kumaran, and Shingo Miyamoto, Director General at Japan's Ministry of Foreign Affairs. The discussions focused on enhancing maritime linkages across the Indo-Pacific. Last month, India's Union Minister for Ports, Shipping & Waterways, Sarbananda Sonowal, met Terada Yoshimichi, Japan's Vice Minister for International Affairs, in Oslo to expand maritime cooperation. The talks included possible Japanese investments in Indian shipyards, digital port systems, green technology, and developing sustainable islands in the Andaman & Nicobar and Lakshadweep regions. In April 2025, following a terror attack in Pahalgam, Japanese Prime Minister Shigeru Ishiba called Prime Minister Narendra Modi to offer condolences. Earlier, both PM Ishiba and Foreign Minister Iwaya had issued public messages expressing sympathy. The India-Japan relationship has seen steady high-level exchanges. In October 2024, PM Modi met PM Ishiba on the sidelines of the ASEAN Summit in Laos, where both leaders reviewed cooperation in infrastructure, connectivity, and defence. Strategic dialogues have also continued. In August 2024, the 17th India-Japan Foreign Ministers' Strategic Dialogue and the 3rd 2+2 Ministerial Meeting were held in New Delhi, underscoring the two countries' shared vision for peace, maritime security, and economic growth in the region.
Forbes
7 days ago
- Business
- Forbes
Tech Retirement Crisis: Vulnerable Industries And What They Must Do
As seasoned tech professionals with decades of institutional knowledge approach retirement, many industries risk losing the expertise required to maintain aging systems and tools. These legacy technologies often power critical operations but are unfamiliar to younger tech professionals, creating a widening skills gap. The retirement of veteran tech experts is a wake-up call for industries still tethered to outdated systems—the challenge isn't just replacing those systems, but also preserving the knowledge that keeps them running. Below, members of Forbes Technology Council highlight the industries most at risk and share what leaders can do now to transfer essential know-how and prepare the next generation to step in with confidence. 1. Ports Ports still rely on terminal operating systems (TOS) and EDI standards from the 1980s. Young engineers face a steep learning curve with cryptic interfaces and minimal documentation. To future-proof, leaders must digitize maritime workflows using AI-integrated APIs while creating simulation labs for cross-training younger talent on legacy systems—before the sea of knowledge ebbs away. - Jagadish Gokavarapu, Wissen Infotech 2. Financial Services Financial services is one industry that relies on legacy systems younger tech professionals can't maintain. To ensure continuity as technology leaders retire, organizations must urgently modernize by migrating to the cloud, unlocking AI and attracting top talent for future growth. - Chetan Mathur, Next Pathway Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify? 3. Automotive; Heavy Machinery Industries like automotive and heavy machinery rely on proprietary software and specialized control systems. As experienced engineers retire, there is a risk of knowledge gaps emerging. Leaders should implement mentorship programs in which older professionals share their expertise with their younger counterparts. Investing in intuitive training materials can also help bridge the generational divide. - Neel Sendas, Amazon 4. OT And Manufacturing Operational technology and manufacturing often run on legacy operating systems and hardware and rarely incorporate AI into critical workflows. While these sectors require deterministic outcomes, pairing AI models with strict guardrails—such as limiting outputs to a predefined set of approved results—can still boost efficiency and innovation without introducing undue risk to sensitive environments. - Keren Katz, Tenable 5. Corporate Banking Corporate banking risks falling behind as legacy systems outlast the talent trained to maintain them. To stay competitive, banks must modernize with interoperable cloud, SaaS and AI solutions; ensure structured knowledge transfer between generations; and foster a culture of innovation to future-proof operations, enhance compliance and meet rising customer expectations. - Alex Ford, Encompass Corporation 6. Professional Services Many professional services firms still rely on outdated tools—spreadsheets, siloed systems and tribal knowledge held by a few. Younger talent isn't trained on or drawn to these ways of working. As experts retire, firms risk losing both continuity and edge. Leaders must modernize workflows and capture knowledge in connected, accessible systems to future-proof their teams and retain their advantage. - Sarah Edwards, Kantata 7. Energy The energy sector still leans heavily on legacy SCADA systems and custom PLC setups that younger professionals rarely encounter. As veteran engineers retire, leaders should invest in cross-generational training programs and gradually modernize infrastructure—bridging knowledge gaps before they become operational risks. - Kirill Sagitov, COYTX GLOBAL LLC 9. Healthcare The healthcare industry continues to rely on legacy technology, such as EHR systems built with platforms like MUMPS, a language that is now unfamiliar to most new professionals. As experienced staff retire, younger pros lack the skills to maintain them. Leaders should prioritize mentorship, detailed documentation and phased modernization to ensure continuity and prepare for a tech-forward future. - Tannu Jiwnani, Microsoft 10. Aerospace The aerospace industry still relies on legacy systems, such as Fortran-based simulations and outdated telemetry tools. As seasoned experts retire, leaders must document key knowledge, modernize tools and build mentorship pipelines. Just as NASA blends Apollo-era wisdom with Artemis-era innovation, bridging generations ensures mission continuity and tech evolution without losing institutional memory. - Shelli Brunswick, SB Global LLC 11. Retail Retail is a prime example of an industry still dependent on legacy systems, siloed data and the deep expertise of long-tenured employees. As these experts retire, leaders should accelerate the shift to unified commerce platforms, modernize tools for frontline staff, and leverage AI for both onboarding and customer engagement to future-proof their operations. - Zornitza Stefanova, BSPK 12. Global Logistics Global logistics runs on fragile legacy EDI pipes, which younger pros rarely touch. Instead of patching, leaders should build a blockchain-backed trade graph. Pair retiring EDI experts with AI agents to translate workflows, compress the past and future-proof the industry. - Akhilesh Sharma, A3Logics Inc. 13. Utilities The utilities industry still runs on SCADA and COBOL—tools young tech talent rarely encounters. Leaders must build simulation labs for training, capture tacit knowledge digitally and layer modern APIs over core systems to ensure continuity before the grid's human backbone retires. - Mark Mahle, NetActuate, Inc. 14. Broadcast Media The broadcast media industry still runs on decades-old video playout servers, SDI hardware and proprietary codecs. As tech veterans retire, leaders must digitize tribal knowledge, modernize with IP-based workflows and train new talent through virtual production labs—before the signal fades on this critical yet aging infrastructure. - Roman Vinogradov, Improvado 15. Life Insurance The life insurance industry uses policy administration systems that need to be maintained for the lifetime of the insured (which is usually up to 40 or 50 years). The older books of business need to be migrated to modern systems to mitigate the risk of a loss of support due to retiring professionals. - Arnab Mukhopadhyay, VNS Health 16. Government Agencies Too many government agencies run COBOL systems, managing payments on half-century-old infrastructure. We can prioritize 'bridge' roles, pairing retiring experts with younger staff to transfer knowledge of both technical systems and the legal frameworks behind them. Leaders must modernize while preserving privacy protections through gradual adoption of new technologies. - Nick Hart, Data Foundation 17. Airlines The airline industry is deeply reliant on legacy reservation and operations systems built in languages like Fortran and TPF, which are unfamiliar to modern developers. Leaders should launch dual-track modernization: Pair retiring experts with junior engineers on active systems while building cloud-native replacements. Preserve tribal knowledge now or risk turbulence tomorrow. - Sandipan Biswas
News18
24-07-2025
- Business
- News18
Parliament Monsoon Session Live Updates: Both Houses To Resume After Day 3 Chaos Over Op Sindoor, Bihar SIR
Parliament Monsoon Session Day 4 Live Updates: Rajya Sabha MPs Ranjeet Ranjan and Akhilesh Prasad Singh have submitted a suspension of Business Notice in Rajya Sabha under rule 267, demanding discussion on the constitutional and electoral implications of Special Intensive Revision (SIR) of voter lists in Bihar. During the Monsoon Session of Parliament, Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal will move The Merchant Shipping Bill, 2024 for passage. The purpose of the Bill is to update and unify the laws related to merchant shipping in India. Meanwhile, the parliament monsoon session saw a chaotic adjournment on Wednesday, with the Opposition's protests demanding discussions on Pahalgam and Operation Sindoor, leading to the adjournment of both houses. The INDIA bloc leaders have also protested against Bihar's SIR issue outside the Parliament on Wednesday. Meanwhile, a detailed 16-hour-long discussion is set to be held on Operation Sindoor starting from July 28. Prime Minister Narendra Modi will also participate in the debate after concluding his foreign visit to UK and Maldives. The Defence Minister Rajnath Singh is also scheduled to respond to the detailed deliberations in the House. The opposition parties have been constantly demanding PM Modi's presence during the debate on Operation Sindoor. Congress leader and Lok Sabha Leader of the Opposition (LoP) Rahul Gandhi criticised the Prime Minister for his silence over repeated 'ceasefire' claims made by US President Donald Trump
