Asia Bizz » India

India least prepared for probable cyber attacks : Survey

Anita — Thu, 02 Feb 2012 14:37:21 +0000

Asia Bizz: A new survey has revealed that India is among the few countries in the world, along with Romania and Mexico, which is not yet prepared to defend itself against the emerging cyber attacks. The survey which has been backed by McAfee cyber defense and it has mentioned that countries like Finland, Israel and Sweden are in the lead in terms of ‘cyber-readiness’.

The survey states that countries like UK, US, Germany, Spain and France rank favourably in the survey. The rankings in the survey are based on the experts perceptions of a country’s cyber – readiness as well as the ability to deal with the range of threats and attacks.

The survey has also taken into consideration basic security measures like adequate firewalls and anti-virus protection. It also includes more complex matters like well informed governance and education.

Raj Samani, the chief technology officer of McAfee, said that the subjectiveness of the report is the biggest strength. Samani added that the report has also considered the perception of cyber readiness by the individuals who understand and work in cyber security on a day-in and day-out basis. The report has also stressed on the need for greater information sharing making law and also enforcement of more powerful laws to combat cyber attacks.

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India calls Taiwan makers to bid for Aakash tablet PC

Anita — Mon, 02 Jan 2012 09:47:18 +0000

Asia Bizz: Since the Indian government is planning to launch the second generation of Aakash Tablet PCs, it is now soliciting Taiwan based PC makers to participate in the bidding. Sandeep Yadav, the convener of the project says that it will be possible to lower the selling price of the Aakash tablet PCs to US$35.

Earlier, the international bidding for the new Aakash tablet PC project was planned in the month of December 2011, but it is expected to get delayed to January 2012, the industry sources said. At present, the shipments of the new Aakash tablet PC have reached up to 8,000 units for the trial use by the students.

The government of India is also planning to ship 200 million units of the new Aakash in the upcoming years so as to connect all the major universities in the country. The new Aakash will be unveiled in the month of January 2012 or February 2012.

The first generation of the Aakash tablets are manufactured by the UK based Datawind. 10 to 20% of the components of the tablets are supplied by Taiwan makers. The tablet which is the world’s cheapest tablet has become more and more popular in the country and is at present in high demand.

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Corruption to be avoided in India through e-governance?

Agatha Vyland — Wed, 12 Oct 2011 16:24:02 +0000

Asia Bizz: Seems like Anna Hazare will have a helping hand now. On Thursday, September 28, the Indian government said that it is now essential to institutionalize the e-governance system which would help in reducing the human interface and would also keep a check on corruption.

Kapil Sibal, the Indian telecom minister said that it is important to have a law to ensure that the corrupt people are punished and dealt with expeditiously and also very strongly so that a fear can be created in the minds of the people who try to violate the law. Sibal added that just the law is not enough and that there must be a system that would reduce the human element in the delivery of public services.

The minister said that the e-governance would help in eliminating human effort in delivering the public services. He gavce the example of Income Tax Refunds, when sometimes the officials demand money to give a refund.

It was suggested by the minister that such things can be avoided by introducing e-governance and reducing human interference. Through e-governance, one can be assured that the tax refunds has been finalized and is delivered to the account. So the human effort is exempted and corruption is also avoided.

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Sakshat Android tablet to be released in India this month

Samron Jude — Thu, 16 Jun 2011 21:26:29 +0000

Asia Bizz: The Indian market will soon have a low cost tablet, which will be available for just $35. The Government of India has supported the new low-cost tablet project, after a wait of more than six months.

The tablet, which has been named â€˜Sakshatâ€™, is expected to be launched by the end of this month. A similar low-cost laptop was manufactured by the Massachusetts Institute of Technology, which will run on Linux OS. The $100 laptop will be developed by the HCL Technologies.

â€˜Sakshatâ€™ will come with an inbuilt keyboard, 7 inch touch screen, multimedia content, video conferencing facility, 2 GB RAM, Wi-Fi connectivity, USB port and a 32 GB hard drive. Moreover, the tablet will also be supporting internet browsing, Open Office and SciLab.

Reports have stated that the government has decided to deliver 10,000 â€˜Sakshatâ€™ tablets to the IIT Rajasthan, India by the end of June 2011. The tablet will cost at just Rs. 2,200. In the upcoming months, more than 90,000 tablets will be ready for launch. The government has also planned to further reduce the cost of the tablet by 50%, after which the tablet will be costing at just Rs. 1,100. It is time to wait and watch if the new low cost tablet manages to dominate the market.

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India’s Second Quarter GDP Rises To An Impressive 8.8%, Positive Growth In Indian Economy

Freddie — Tue, 31 Aug 2010 07:52:58 +0000

Asia Bizz: India’s Second Quarter GDP Rises To An Impressive 8.8%, Positive Growth In Indian Economy

India is now becoming a giant economy and a key player in the world market. The GDP of India rose to 8.8% in the second quarter for 2010. Positive signs for the Indian economy, as it has been noticed by the experts that India’s economy rose the fastest in the last quarter in the past two years.

India is said to the be 11th biggest economy in the world but is the second fastest growing economy in the world, just behind its neighbour China. According to the Indian statistics, strong development in the Industrial and Mining sector has helped to boost the Indian economy.

The Industrial output in India rose by 12% and in the mining sector it rose by 9%. The Reserve Bank Of India has stated that it had seen an annual growth of 8.5% steadily. The main priority of the Reserve Bank is to curb the ongoing inflation, which peaked at 11% last month. Interest rates have been increased by the banks to contain the inflation, but it could slow down the growth of the Indian economy in the coming months. But even thought there has been a rise in the interest rates there hasn’t been much change in the distribution of loans, the Indian customer is hardly affected with the hiked interest rates.

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The New Campus of Insurance Institute of India to be Inaugurated Today – June 8, 2010

sharjil s — Tue, 08 Jun 2010 05:50:09 +0000

Asia Bizz: The New Campus of Insurance Institute of India to be Inaugurated Today – June 8, 2010

The Finance Minister of India, Shri Pranab Mukherjee will be inaugurating the new building of Insurance Institute of India – which is Indiaâ€™s oldest insurance institute – at Bandra -Kurla Complex on Tuesday June 8, 2010 in Mumbai, India.

Reports say that Mr. Ashok S. Chavan, the Chief-Minister of the state of Maharashtra, is the chief guest for the event, and the Chairman of IRDA, Shri J. Hari Narayan, is the guest of honor.

The Institute conducts 3 levels of professional examinations- Licentiate, Associate ship and Fellowship twice in a year. Successful candidates are awarded certificates and Diplomas at the end of every academic year. The registrations for the examinations are done through the associated institutes and can also be done via the internet.

Every year, the examination is conducted in almost 120 centers across India and even including some centers overseas. Currently, examinations are conducted in both Hindi and English.

The Insurance Institute of India has long dreamt to have its very own space with the high-tech infrastructure and today, they have fulfilled their dream by constructing this 6 storeyed building which moves over 60,000 sq. ft. area. The new building of the Insurance Institute of India is reportedly well equipped with all the required modern amenities.

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Micra, Now Made in India

sharjil s — Tue, 25 May 2010 05:34:33 +0000

Japnese-France joint venture Renault Nissan Automotive India on May 24, 2010 started commercial production of its compact Hatchback car Micra.

Domestic sales will begin from July and international from September.The expected price of the Micra would be around 4.5 lakh

Nissan India is pitching Micra against Maruti Swift, Hyundai i10 and Ford Figo in the B and B+ segments

The booking amount is Rs 50,000. The launch will be supported by comprehensive print, digital, radio and TV campaign shortly.

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IDBI Mutual Fund Launches its First NFO – IDBI NIFTY Index Fund

sharjil s — Mon, 03 May 2010 11:55:20 +0000

NFO will enable investors to be a part of the India Growth Story

IDBI Asset Management Ltd. (IDBI AMC), aÂ wholly-owned subsidiary of IDBI Bank Ltd,Â has launched its first new fund offer (NFO) for the Indian investors â€“ â€˜IDBI NIFTY Index Fundâ€™.

According to reports, this fund will give investors diversification across 50 stocks in 22 sectors and will represent over 60% of NSEâ€™s total market capitalisation.

Speaking about IDBI’s first New Fund Offer, Mr. Krishnamurthy Vijayan, MD & CEO of IDBI Asset Management Ltd., said,

â€œA Nifty Index Fund offers multiple advantages to existing as well as first-time investors. An investor can own the top 50 blue chip companies Â across 22 sectors which represent the India growth story. The fund portfolio is pre-defined and independent of human judgement. The investor will pay lower charges than what he would have to pay for an actively managed fund.â€

Visit www.idbimutual.co.in for more details

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Pakistan May Supply Nuclear Weapons to Taliban to do their Dirty Work

Samron Jude — Thu, 22 Apr 2010 18:24:35 +0000

The US commission has said that, Pakistan may just give in the nukes that they possess to the extremists group Taliban, to use it against India, without Pakistan itself doing the dirty work. If such an incident has to break out, then someone is going to make some decisions.

Mr. Graham, head of the US high commission said that they worried over the safety of these weapons. One of their recommendations were to work a fail-safe plan for both countries.

During the cold war, US and Russia were countries possessing nuclear powers, and if any missteps could be taken, they acquired the red phone between the two countries – none of this however exists between India and Pakistan. India and China,on the other hand, are improving their relations from past few months, but no development can be seen on the Indo-Pak side.

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Reliance Venture in pact with MIT for youth biz fest

sharjil s — Mon, 08 Mar 2010 13:56:20 +0000

ADAG group firm Reliance Venture Asset Management announced that it has entered into an agreement with Massachusetts Institute of Technology (MIT) for the 2010 edition of the college’s entrepreneurship competition.

The MIT $1,00,000 is an entrepreneurship competition that awards over USD 350,000 in cash and prizes, including USD 100,000 in cash for the grand prize, to outstanding student entrepreneurs whose business plans have the potential to transform into a successful venture, the release added.

As part of the exclusive India arrangement, the company will mentor winners and offer opportunities to develop business ideas in emerging countries such as India through its incubator program

Click here for more information