- Thursday, December 26, 2024
By: Shubham Ghosh
HERE are news in brief related to Indian economy and business for Wednesday, January 3, 2024:
More than Rs 10,300 crore (£978 million) were siphoned off from India by cybercriminals since April 1, 2021, of which agencies managed to successfully block around Rs 1,127 crore (£107 million) in the country, Indian Cyber Crime Coordination Centre (I4C) said Wednesday. Over 452,000 cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7 per cent in 2022, with 966,000 cases being reported on the portal, director of I4C Rajesh Kumar told reporters in an interaction here. I4C is a body established by India’s home ministry to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner.
Indian commerce and industry Minister Piyush Goyal on Wednesday exuded confidence that during this fiscal, the country will maintain the last year’s export figures despite slowdown in global trade. He said that India’s exports of goods and services rose to $776 billion (£614 billion) in 2022-23 from $500 billion (£395.4 billion) two years ago. “Globally growth has been negative, international trade is in the negative territory, estimates are that this year international trade may fall, and in that perspective after having grown so rapidly we are looking at a phase of consolidation… “and I expect that the current year, we will maintain our figures of last year and strengthen our processes and our domestic capacities, capabilities to be able to grow at much faster rates in the years to come,” Goyal told reporters in New Delhi.
The high court of Delhi on Wednesday granted three vivo-India executives a week to file their reply to a plea by the economic crime-fighting agency Enforcement Directorate (ED) challenging an order for their release in a money laundering case. While additional solicitor general S V Raju argued that the trial court order was “totally perverse” and the matter required urgent adjudication, the counsel for the accused sought time to file their response. Justice Swarana Kanta Sharma listed the matter for further hearing on January 11 and said, “They will need to file a reply. I can’t deny them”. “The court grants time of one week to respondents to file a reply,” the court ordered.
Manohar Lal Khattar, chief minister of the northern Indian state of Haryana, on Wednesday said his government is planning to leverage the vast agricultural potential in African countries and will invite farmers willing to travel there for better opportunities. This ambitious endeavour aims to provide new opportunities for Haryana’s hardworking farming community, he told reporters here after a meeting of the state Cabinet. Khattar said in many African nations land is available in abundance. He said recently he spoke with some ambassadors of African nations and they said they can enter into an agreement with the state in this regard. Tracts of land will be offered where Haryana farmers can contribute their expertise and offer techniques, he said.
Arvind Kejriwal, chief minister of the Indian state of Delhi, on Wednesday skipped for the third time the summons issued by economic crime-fighting agency Enforcement Directorate (ED) in the Delhi excise policy case with his party Aam Aadmi Party (AAP) alleging that the repeated notices were part of a conspiracy to arrest him to stop him from campaigning for the upcoming national elections. The ruling Bharatiya Janata Party claimed Kejriwal did not want the truth to come out. The AAP, however, said Kejriwal was ready to cooperate with the agency but claimed the summonses were sent with the intention of arresting him. “Why has the notice been sent right before elections?” the party asked.
Initiatives of the government of the western Indian state of Gujarat such as Vidya Samisksha Kendra, Mission Schools of Excellence and scholarship schemes for students have transformed the state’s education sector and drawn the attention of stakeholders, officials said. The government has allocated Rs 43,651 crore (£4.1 billion) for education, including Rs 3,109 crore (£295.2 million) for the Mission Schools of Excellence and Rs 64 crore (£6 million) for 400 Gyan Setu Day Schools. Additionally, Rs 50 crore (£4.7 million) is designated for the annual school vouchers supporting 20,000 talented students under the Right to Education scheme, the officials said, ahead of the Vibrant Gujarat Global Summit to be held in state capital Gandhinagar from January 10 to 12.
(With agencies)
