Scheme

The Indian National Space Promotion and Authorization Centre (IN-SPACe) on Monday announced the launch of a seed fund scheme for start-ups operating in the area of urban development and disaster management by using space technology. As part of the scheme, selected start-ups will receive seed funding for transforming an original idea into a prototype using space technology, ISRO facility support including Earth Observation (EO) data for validation of the concept, mentorship support, and access to data algorithm as transfer…

The government’s new drone scheme for women’s self-help groups (SHGs) will boost opportunities and growth for the drone industry and create a win-win situation for both industry and agriculture, senior executives said.“I think this is the biggest news that the drone industry has ever received, because such amounts of funds have never been allocated (in relation to the drone industry),” Agnishwar Jayaprakash, founder and CEO of drone-maker Garuda Aerospace, told ET.Elevate Your Tech Prowess with High-Value Skill…

Delhi's LG VK Saxena has approved the 'Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023'. This mandates a swift transition of commercial vehicle fleets used by aggregators, delivery services, and e-commerce companies to electric vehicles after 2030…

The European Union is considering broadening the scope of proposed cybersecurity labelling rules that would affect not just Amazon, Alphabet's Google and Microsoft but also banks and airlines, according to the latest draft of the rules.The EU move to set up such a system comes as Big Tech looks to the government cloud market to drive growth in the coming years while a potential boom in artificial intelligence after the viral success of OpenAI's ChatGPT could also boost demand for cloud services. The latest proposal from…

The new subsidies will directly create at least 50,000 jobs and indirectly, about 150,000 more jobs. This initiative covers domestic assembly of desktop and laptop PCs, tablets, and other tech hardware. The approved companies include Dell, HP, and Asus…

Too Long; Didn't ReadA Ponzi scheme is an investment fraud where a fraudster collects money from people with a promise of higher than the usual market rate returns. A Ponzi scheme involves circulation of the capital instead of the distribution of profits. Such schemes go belly up because there is no profit-making involved. Too Long; Didn't ReadA Ponzi scheme is an investment fraud where a fraudster collects money from people with a promise of higher than the usual market rate returns. A Ponzi scheme involves…

US prosecutors claim Binance processed around $275 million in both deposits and withdrawals to BestMixer, a cryptocurrency “mixing” service designed to make cryptocurrency transactions harder to trace before Dutch law enforcement shut down that service in May of 2019 as part of a money laundering investigation. The charging document goes on to allege that Binance users included ransomware gangs, hackers who had plundered crypto from other exchanges, and scammers.For years after its founding in 2017, the prosecutors say,…

The government on Saturday approved the proposals of Dell, HP India, Flextronics India, VVDN Technologies, Netweb Technologies, Lenovo, and 21 others for manufacturing of IT hardware under the second phase of the production linked incentive scheme. These 27 companies have in total submitted proposals for investment of Rs 3000 crore over the next five years, with an incremental production value expected to be around Rs 3.5 lakh crore, Union electronics and information technology minister Ashwini Vaishnaw said. Elevate Your…

Nevada Attorney General Aaron Ford, a Democrat, is investigating the plot, which has also drawn criminal scrutiny in Arizona, Georgia, and Michigan Nevada’s Attorney General Aaron Ford has opened an investigation into efforts by Republicans in the state to undermine Joe Biden’s victory in the 2020 election by creating a slate of fake pro-Trump electors.  The investigation, which was first reported by Politico, has been unfolding with little fanfare in recent weeks. According to three people with…

In the summer of 1983, British politics was in a fractious place. In June, Margaret Thatcher’s Conservative government roared to re-election after victory in the Falklands, eviscerating Michael Foot’s Labour party. Within weeks, new chancellor Nigel Lawson announced swingeing spending cuts, despite the fact that more than three million people were out of work and the number was rising. Plans for large-scale privatisation of national industries – the PM’s second-term obsession – were in the works. Britain was about to…