ITBP troops to learn Chinese, will get climate control technology in border areas

Agencies
October 24, 2017

Greater Noida, Oct 24: The government is considering building 50 more ITBP posts along the India-China border, making troops learn how to speak basic Chinese (Mandarin) and using technology to ensure a round-the-year temperature of 20 degree Celsius in all its high-altitude bases, Home Minister Rajnath Singh said on Tuesday.

Addressing jawans and officers of the Indo-Tibetan Border Police (ITBP) during its 56th Raising Day celebrations here, Singh announced a slew of measures to bolster its capabilities.

These include construction of 25 border roads in Arunachal Pradesh, Uttarakhand and Himachal Pradesh; special lightweight winter clothing for troops deployed above 9,000 feet and an enhanced fleet of snow scooters to patrol the high-altitude areas of the 3,488-km-long Sino-Indian frontier.

"We are committed to enhancing your operational and infrastructure capabilities. Recently, we got a proposal to build 50 new border posts for the force and we are working on it," the home minister said.

There are 176 border posts along the India-China border at present.

He said the government is considering using technology to ensure a temperature of at least 20 degrees Celsius is maintained in all high-altitude ITBP posts that bear the brunt of snow blizzards and sub-zero climate.

A senior officer said the move is aimed at ensuring that forward border posts are not abandoned during extreme snow and cold.

"We have created a model border post in Ladakh where a temperature of 20 degrees Celsius can be maintained. We will create more such BoPs in Sikkim and the eastern sector of this border," he said.

Singh said he was not satisfied with housing and infrastructure facilities available with the 1962-raised force and he was "seriously" working to improve these areas.

The minister said 35 old border posts of the force in very high-altitude areas are being upgraded as "composite" units.

"We are working to enhance road, mobile and satellite connectivity in the border areas for the ITBP," he said.

The minister asked ITBP troops to ensure and build good relations with border dwellers as they are "strategic assets" of the country and important stakeholders in keeping the borders safe.

Keeping in mind the frequent face offs between the Indian and Chinese troops, ITBP personnel are now learning Chinese during their basic training, he said.

Lauding the force, Singh asked ITBP officers to take responsibility of at least one family of personnel killed in the line of duty.

The ministry is also working to help jawans who have suffered 50 per cent disability during operations through the Bharat Ke Veer benevolent fund, he said.

ITBP Director General (DG) R K Pachnanda said the force has been nominated as the "nodal agency" for obtaining and channelising satellite communication for all border-guarding forces in the country.

He said the home ministry has also approved the ITBP's proposal to hire helicopters for high-altitude border posts.

The paramilitary was also enhancing its intelligence setup, he added.

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Agencies
July 18,2020

Days after Twitter accounts of several billionaires were hacked to engineer a crypto scam, Twitter on Saturday said it is embarrassed, disappointed and, more than anything, sorry for what happened with some of its high-profile users as attackers successfully manipulated its employees and used their credentials to access internal systems, including getting through the two-factor protections.

In the first detailed summary of the "social engineering attack" via a crypto scam that hit at least 130 users this week, Twitter said for 45 of those accounts, the attackers were able to initiate a password reset, login to the account and send Tweets.

"We are continuing our forensic review of all of the accounts to confirm all actions that may have been taken. In addition, we believe they may have attempted to sell some of the usernames," the micro-blogging platform said in a statement.

For up to eight of the Twitter accounts involved, the attackers took the additional step of downloading the account's information via "Your Twitter Data" tool.

This is a tool that is meant to provide an account owner with a summary of their Twitter account details and activity.

"We are reaching out directly to any account owner where we know this to be true. None of the eight were verified accounts," said Twitter.

The company said the attackers were not able to view previous account passwords, as those are not stored in plain text or available through the tools used in the attack.

"Attackers were able to view personal information including email addresses and phone numbers, which are displayed to some users of our internal support tools," informed Twitter.

In cases where an account was taken over by the attacker, they may have been able to view additional information, Twitter added, saying its forensic investigation of these activities was still ongoing.

"We are actively working on communicating directly with the account-holders that were impacted".

The company said it will soon restore access for all account owners who may still be locked out as a result of the remediation efforts.

The New York Times reported on Friday that the Twitter crypto scam can be traced back to a group of hackers who congregate online at OGusers.com, a username-swapping community where people buy and sell coveted online handles.

The report said that the Twitter hack is not from Russian, Chinese or North Korean hackers but was done by a group of young people, "one of whom says he lives at home with his mother".

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News Network
March 16,2020

New Delhi, Mar 16: Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

They said Ambani was asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans went bad after borrowing from the crisis-hit bank.

The officials said Ambani, 60, has sought exemption from appearance on some personal grounds and he may be issued a new date.

Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPAs.

Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.

Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad are being summoned for questioning in the case to take investigation forward.

Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said.

Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month.

The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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