India's internet services sector may create 1.2 cr net jobs by 2022: IAMAI : Bulletin: Business Today
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India's internet services sector may create 1.2 cr net jobs by 2022: IAMAI

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October 24, 2018

India's Internet services may reach USD 124 bn by 2022, create 1.2 cr net jobs: Report

The Internet services sector in India has potential to grow over three-folds to USD 124 billion with the help of favourable government policies and infrastructure improvement, a report by industry body IMAI has said. Besides, the report estimates that the Internet sector is estimated to employ around 10 lakh employees presently, and is estimated to create 1.2 crore net jobs by 2022. The IAMAI report suggests that the sector can reach its potential USD 124 billion (around Rs 9 lakh crore) if certain critical factors are realised.

Saudi Arabia to provide Pak USD 3 bn to address its balance-of-payments crisis

Saudi Arabia has agreed to provide cash-strapped Pakistan USD 3 billion in balance of payment support and additionally give oil worth USD 3 billion on deferred payment as Prime Minister Imran Khan Tuesday met Saudi King Salman in Riyadh. The kingdom expressed interest in development of mineral resources in Pakistan and a Saudi delegation will be invited to visit Pakistan after consultations.

Paytm extortion case: 3 accused sent to 14-day judicial custody; Sharma's secretary wanted to buy property

Three persons, including two Paytm employees, arrested for blackmailing and making extortion bid on the Paytm founder Vijay Shekar Sharma were remanded to 14-day judicial custody by the magistrate court in Gautam Buddh Nagar. The Noida Police had arrested the Paytm CEO's secretary Sonia Dhawan (32), her husband Roopak Jain (38) and another company employee Devendra Kumar (30) for allegedly stealing personal information and confidential data and threatening to leak it.

Their fourth associate, Rohit Chomal, who lives in Kolkata, is absconding.

Fake bank apps may have stolen data of thousands of customers: Report

 Fake apps of SBI, ICICI, Axis Bank, Citi and other leading banks are available on Google Play, which may have stolen data of thousands of bank customers, claims a report by IT security firm Sophos Labs. These fake android apps have logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps, it said. The report further said that the deceptive malware in these apps may have stolen thousands of customers' account and credit card details.

Truckers threaten to proceed on strike Post Diwali for demands, including tax reduction

Barely three months after the truckers had called off their eight-day strike on July 27, their apex body AIMTC has announced resorting to chakka jam post Diwali to press for unfulfilled demands including reduction in taxes. The All India Motor Transport Congress (AIMTC), which claims support of 93 lakh truckers, had gone on an indefinite strike demanding reduction in diesel prices, among others, from July 20 and called off the same following assurance from the government to look into their demand and constitute a high-level committee for it.

3.3 billion data records compromised in the first half of 2018: Gemalto report

There were 944 data breaches in the first six months of 2018 compromising 3.2 billion data records worldwide. That's an increase of over 72 per cent of lost, stolen or compromised records compared to the same period in 2017. These findings are a part of Breach Level Index, a database of public data breaches by digital security firm Gemalto. From the total 3.2 billion data records breached, 56 per cent of the records were due to six big social media breaches. One of those was the Cambridge Analytica-Facebook incident

Drug regulator issues notice to Amazon, Flipkart for alleged sale of spurious cosmetics

E-commerce giants - Amazon and Flipkart - have been issued notices by the country's drug regulator DCGI for allegedly selling "spurious and adulterated" cosmetics including imported brands, and have been warned of penal actions in case of failing to respond within 10 days.

ICICI Bank says law firm that gave Chanda Kochhar clean chit withdraws report

Law firm Cyril Amarchand Mangaldas has withdrawn its 2016 report that had given a clean chit to former ICICI Bank chief executive Chanda Kochhar with regard to nepotism allegations against her, sources said. ICICI Bank in a regulatory filing Tuesday said the clean chit given to Kochhar in March this year was based on the inquiry report of the law firm which is now saying that the same should no longer be treated as valid.

Compiled by Rashi Bisaria

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