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Nepal Bans TikTok, Citing Disruption of Social Harmony

17Nov By PriyankaNo Comments

News

Nepal Bans TikTok, Citing Disruption of Social Harmony

In a recently held meeting, Nepal banned the immensely popular social media application, TikTok. The move comes in response to concerns regarding the app's impact on "social harmony" within the country. Foreign Minister Narayan Prakash Saud has announced the immediate enforcement of the ban. Minister Saud emphasized that the decision was crucial in order to regulate the usage of the social media platform, which had been causing disruptions to social order, goodwill, and the dissemination of indecent content. To foster accountability, the government has demanded that social media companies register and establish liaison offices in Nepal, fulfill tax obligations, and adhere to the nation's laws and regulations. While it remains unclear what specifically prompted this ban, speculation p...

Know Why RBI Banned Paytm Payments Bank to Open New Accounts

20Dec By Gauri SinghNo Comments

INDIA

Know Why RBI Banned Paytm Payments Bank to Open New Accounts

It had been reported that RBI had banned Paytm’s payments bank from opening new accounts and e-wallets in August. Want to know why? We have the answer. RBI for the first time has disclosed the reasons behind the move. The four reasons! The apex financial authority of India said that the Noida-based company was in violation of know-your-customer (KYC) rules while on-boarding users. These precise violations are not clear. Secondly, it has also been stated that the RBI was also not contended with the close relations between Paytm founder Vijay Shekhar Sharma’s One97 Communications and the entity that runs Paytm Payments Bank (PPB). The bank is owned 51% by Paytm owner, while the rest is owned by One97 Communications and its subsidiaries. The a...

13Dec By Gauri SinghNo Comments

INDIA

Indian Govt Orders Ban on Online Sale of Medicines

The Delhi high court has reportedly announced a ban on sale of online medicines by e-pharmacists across the country and directed the Centre and the AAP government to immediately implement the order.A bench of Chief Justice Rajendra Menon and Justice V K Rao passed the order. Delhi-based dermatologist Zaheer Ahmed complained that lakhs of medicines were being sold on the internet every day without much regulation, posing a huge risk to patients and doctors alike. Ahmed also pointed out that online sale of medicines is not permitted and is not legal under the Drugs and Cosmetics Act, 1940 and Pharmacy Act, 1948.The petitioner highlighted that even though the Drug Controller General of India in 2015 clearly directed all state drug controllers to protect the in...

No Intentional Wrongdoing in Satyam fraud: Price Waterhouse

11Jan By Press Trust of IndiaNo Comments

News

No Intentional Wrongdoing in Satyam fraud: Price Waterhouse

Price Waterhouse today said there has been no intentional wrongdoing by its firms in the Satyam case and expressed confidence of getting a stay on the Sebi order. The audit major also said it has learnt the lessons from Satyam case and invested heavily over the last nine years in building a robust and high quality audit practice. Finding Price Waterhouse guilty in the multi-crore Satyam scam, Sebi has barred its network entities from issuing audit certificates to any listed company in India for two years. Besides, the watchdog has ordered disgorgement of over Rs 13 crore wrongful gains by the audit major and its two erstwhile partners who worked on the IT major's accounts. "As we have said since 2009, there has been no intentional wrongdoing by PW firms in the unprecedented man...

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

31Mar By reutersNo Comments

News

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

India's reaction to an Amazon.com website selling doormats resembling the country's flag involved an unprecedented public and private offensive against the US company by Prime Minister Narendra Modi's government, a document shows. Foreign minister Sushma Swaraj publicly threatened in January to rescind visas of Amazon employees if the doormats were not removed from its Canadian website. But a document seen by Reuters shows the government went even further in private, asking its US and Canadian embassies to raise the matter "strongly" with Amazon's senior leadership. India also escalated the matter to Amazon CEO Jeff Bezos and prompted a global audit by the company to "ensure that such products are not listed on any of its other" websites around the world, according to the docu...

India bans import of milk, some mobile phones from China

25Apr By Press Trust of IndiaNo Comments

News

India bans import of milk, some mobile phones from China

India has banned import of milk and milk products, certain mobile phones and a few other items from China after finding them sub-standard or not following security codes. Commerce Minister Nirmala Sitharaman said in Lok Sabha that India banned import of milk and milk products from China as their quality was unacceptable. Sitharaman said some mobile phones, which do not carry International Mobile Station Equipment Identity number or other security features, and some steel products have also been banned from importing from China. "Complete ban of import from any country is not possible now due to WTO rules even if we have problems diplomatically, territorially or militarily," she said. The Minister said India's trade deficit with China stood at $48.68 billion (nearly Rs 32.4 lakh...

17Jan By No Comments

News

Pak to lift ban from Youtube soon

Karachi, Jan. 16(ANI): Pakistan is likely to lift the ban on YouTube within days to reciprocate the move by Google, the parent company, which launched a localised version of the website in Pakistan earlier this week. The internet giant, announced the launch of YouTube's localised versions for Nepal, Pakistan, and Sri Lanka, addressing Islamabad's long-standing dispute regarding the availability of blasphemous content on the world's largest social video sharing platform. YouTube has remained blocked in Pakistan since September 2012, reported The Express Tribune. The Silicon Valley based giant has already taken care of Islamabad's concerns,but the delay in restoring access to YouTube is on part of the IT ministry. The government has made commitments to lift the ban several times ...