Narco trade via Darknet, Bitcoin reported in India for 1st time

[email protected] (CD Network)
July 17, 2016

New Delhi, Jul 17: Drug trafficking in India is on a new 'high' with anti-narcotics agencies having detected the crime being perpetrated through the cryptic 'darknet' and the clandestine and unregulated currency Bitcoin.

NarcoThe Narcotics Control Bureau (NCB), chief law enforcement and intelligence agency responsible for fighting drug trafficking and abuse of illegal substances, has interdicted two such syndicates operating in the country.

"For the first time, we have detected drug traffickers using the darknet and Bitcoin for running the illegal drug racket in India. I can tell you that our investigations have shown that some of these operatives are based in the country. We are probing them," NCB Director General R R Bhatnagar said.

While 'darknet' is a clandestine internet network which can only be accessed with specific software, configurations and authorisation and is difficult to track by the usual communications protocols and ports, Bitcoin is referred to as a cryptocurrency that allows consumers to make electronic transactions by skipping the legal banking channels.

The NCB boss said the two syndicates interdicted by them were prima facie seen indulging in trafficking of party drugs.

The usage of such ultra-secret measures over the internet in drug crimes is worrying but we are enhancing our capabilities to effectively and timely detect these instances, he said.

Bhatnagar, while talking about the drug trafficking scenario in the country, said the cross-border availability of heroin has decreased.

"Our estimate is that due to effective clampdown by the agencies tasked to check the drugs menace, there has been a 30 per cent decline in trafficking in Punjab," the DG said.

At a review meeting of the agency recently, Bhatnagar had informed the Union Home Ministry that drug addicts in Punjab were gradually getting attracted to medicine-based concoctions following the clampdown on peddling of traditional narcotic drugs.

The official data for 2015 show that Punjab accounted for the maximum seizures of opium and heroin nationwide.

The latest trends suggest that synthetic drugs are now replacing the natural and semi-synthetic products that have been abused for several decades.

A report prepared by NCB said, "Despite strict controls and monitoring put in place for certain pharmaceutical products, there is evidence indicating their diversion for abuse."

He said it was worrying the law enforcement agencies which were taking steps to check such drug abuse.

Bhatnagar said the NCB, in coordination with state police and border guarding forces like BSF and SSB, has seized over 2 lakh bottles of codeine-based (a sleep-inducing and analgesic drug derived from morphine) syrup, like the popular brand Phensedyl, from the eastern parts of the country in the first six months of this year.

The NCB report said in 2015, 1,687 kg of opium, 1,416 kg of heroin, 94,403 kg of ganja, 3,349 kg of hashish, 113 kg of cocaine, 827 kg of ephedrine or pseudoephedrine among others were seized by various agencies across the country.

"Illicit opium poppy cultivation spread over 5,000 acres was destroyed all over the country. This is about 60 per cent more than the comparative figures of the last few years," the DG said.

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Agencies
February 26,2020

New Delhi, Feb 26: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said.

According to highly placed sources, the Group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and the discussions are still in the preliminary stage.

If the company actually submits an EoI, it would be a major move towards further diversification of the company which has business interests across sectors right from edible oil, food to mining and minerals. 

It also entered into airport operations and maintenance business and won bids for privatisation of six airports, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru in 2019. 

On being contacted by IANS, the company did not comment on the matter.

Air India is one of the most important divestment proposals for the current fiscal to reach the huge Rs 2.1 lakh crore target.

The government in January restarted the divestment process of the airline and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Ltd. and 50 per cent in Air India SATS Airport Services Private Ltd.

After its unsuccessful bid to sell Air India in 2018, the government this time has decided to offload its entire stake. In 2018, it had offered to sell its 76 per cent stake in the airline.

Of the total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286 crore.

Air India, along with its subsidiary Air India Express, has a total operational fleet of 146 aeroplanes.

Further, the disinvestment department has extended the last date for submission of written queries on the Performance Information Memorandum and Share Purchase Agreement to March 6.

The last date for submission of written queries on PIM and SPA was originally set for February 11, following which the Department of Investment and Public Asset Management (DIPAM) on February 21 issued 20 clarifications on the queries raised and expected.

Any delay in the tentatively rolled out timeline would also delay DIPAM's plan to identify the pre-qualified bidders by March 31 and the financial bids invitation as well. It is expected to take more than two months after the selection of the pre-qualified bidders to complete Air India's sale.

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Agencies
January 16,2020

Claiming that e-commerce giants like Amazon import as much as 80 per cent of the items sold on their platforms, small manufacturers' body has said that their business models do not benefit local industry and are creating jobs of delivery boys only.

"Neither manufacturers nor traders are getting any benefit from the business models of Amazon and Flipkart because they largely import their products from China and Korea and sell here. Nearly 80 per cent of their products are imported," said Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME).

Bhardwaj said that the global e-commerce players generally source and sell products through their own preferred suppliers and as a result a large number of local manufacturers and traders get crowded out.

He listed out deep discounting and buying products from preferred companies as unfair practices.

"Even if they buy products from local suppliers the commission charged is very high," Bhardwaj said adding that the issues related to unfair practices have been raised with Commerce Ministry on multiple occasions.

FISME maintains that the technology-driven retail is way forward and one cannot be oblivious of the benefits it brings to consumers but at the same time the local industry can also not be ignored given its role in job creation.

"If both traders and local manufacturers are crowded out then how would the local industry survive and employment be generated?" asked Bhardwaj.

As Amazon Founder and CEO Jeff Bezos is currently on his three-day visit to India, the local traders are up in arms against the "unfair" trade practices of the tech giant. Delhi-based Confederation of All India Traders (CAIT) has launched a countrywide protest against the company and has organised protests across 300 cities.

In a setback to Amazon and Walmart-backed Flipkart, the fair market watchdog Competition Commission of India (CCI) has ordered probe into the business operations of both the companies on multiple counts including deep-discounts and exclusive tie-up with preferred sellers.

"For the first time some concrete step has been taken against Amazon and Flipkart who are continuously violating the FDI policy in indulging in a vicious racket of controlling and monopolising not only the e-commerce but even the retail trade as well," CAIT National Secretary General Praveen Khandelwal said after the CCI order.

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Agencies
July 9,2020

Twitter has hinted that it is planning a paid subscription platform that can be reused by other teams in the future.

The news that the micro-blogging platform is building a subscription platform with a team codenamed "Gryphon" resulted in Twitter stock rising over 8% on Wednesday.

Twitter revealed its plan via a job listing that seeks a full-stack senior software engineer in New York to join "Gryphon".

Interestingly, Twitter "edited" the job listing once the news broke, removing the part about "Gryphon" and any mention of their internal team or their subscription feature. The listing said the company is looking for an Android engineer to "work on a bevy of backend engineering teams to build components that allow for experimentation to deliver the best experience possible to all of our users".

Later, Twitter users noticed that the company restored the earlier job listing that mentioned the upcoming subscription platform and "Gryphon".

A spokesperson for Twitter told CNN on Wednesday that it's only a job posting, not a product announcement.

This is not the first time Twitter has thought of a paid product. 

In 2017, it sent out a survey to users and a preview of what a premium offering of its TweetDeck app might look like, including breaking news alerts and more analytics, according to The Verge.

"We're conducting this survey to assess the interest in a new, more enhanced version of Tweetdeck. We regularly conduct user research to gather feedback about people's Twitter experience and to better inform our product investment decisions, and we're exploring several ways to make TweetDeck even more valuable for professionals," a Twitter spokesperson had said at that time.

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