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Blockchain: Good, bad and ugly - The Hindu BusinessLine

Blockchain: Good, bad and ugly
The technology promises transparency in multi-stakeholder business set-ups. What can go wrong?
In January 2021, the Ministry of Electronics and Information Technology (MeitY), Government of India, published a draft of the National Strategy on Blockchain, which mentions 17 different uses of national importance for blockchain technology. It is interesting to see that slowly, but steadily, the Government is focusing on the business value of this simple yet powerful technology, which has been much discussed over the last few years.
Blockchain is not a new concept; the idea of using hash chains to secure pieces of data, or the concept of cryptographically secured distributed consensus has been around for some decades. However, Bitcoin, the widely debated cryptocurrency, was responsible for popularising blockchain by demonstrating its power in a decentralised set-up. Later, enterprises began finding various exciting business uses for this tech ....

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Never threatened social media platforms' staff of jail term: IT ministry

Never threatened social media platforms staff of jail term: IT ministry
The IT Ministry said the recent guidelines on social media platforms simply require them to put in place a robust grievance redressal mechanism for its users
BusinessToday.In | March 14, 2021 | Updated 18:14 IST
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The Ministry of Electronics and Information Technology (MeitY) has clarified the government never threatened employees of any social media platform. None of the government communications, either written or oral, have ever threatened the employees of any of the social media platforms of jail term, MeitY said.
Reacting to reports that suggest Facebook, WhatsApp and Twitter employees being threatened with jail term, the IT Ministry said social media platforms are obliged to follow the laws of India and the Constitution of India, just like all other businesses in India have to. ....

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Top news of the day: Trivendra Singh Rawat resigns as Uttarakhand CM; Modi inaugurates 'Maitri Setu' between India and Bangladesh, and more

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Uttarakhand Chief Minister Trivendra Singh Rawat gestures during a press conference after tendering his resignation to Governor Baby Rani Maurya in Dehradun on March 9, 2021. | Photo Credit:
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The major news headlines of the day, and more.
The crisis over Mr. Rawat’s continuance arose after the national leadership of the party despatched two central observers to the State after consistent complaints on Mr. Rawat’s style of functioning within the party and reported popularity in the State. A meeting of the BJP Legislature Party is scheduled for March 10. ....

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Delhi High Court issues notice in challenge to the new IT intermediary guidelines

A division bench headed by Chief Justice DN Patel was hearing the petition filed by Foundation for Independent Journalist , a trust which owns The Wire , Founder and Editor-in-Chief of The News Minute Dhanya Rajendran and Founding Editor of The Wire MK Venu. ....

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Banks Wrote-off Rs 1.15 Lakh Crore in First Three Quarters of FY21: Anurag Thakur

Banks Wrote-off Rs 1.15 Lakh Crore in First Three Quarters of FY21: Anurag Thakur
Minister of state for finance Anurag Singh Thakur also told the Lok Sabha that non-performing assets of banks have declined because of the government s strategy of recognition, resolution, recapitalisation and reforms.
Minister of State for Finance Anurag Thakur speaks in Lok Sabha during the ongoing Monsoon Session of Parliament, amid the coronavirus pandemic, in New Delhi, Friday, Sept. 18, 2020. Photo: PTI
Government09/Mar/2021
New Delhi: BanksÂ have written off bad loans to the tune of Rs 1.15 lakh crore during the first three-quarters of the current fiscal, theÂ Lok SabhaÂ was informed on Monday. ....

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