Author: TheSpuzz Desk

The Aadhaar programme poses privacy and security risks, and the use of its biometric technology in humid climate is unreliable, ratings agency Moody’s Investors Service said in a recent report. It added that the unique ID system often leads to “service denial”. “The Unique Identification Authority of India (UIDAI) administers Aadhaar, aiming to integrate marginalised groups and expand welfare benefits access…The system often results in service denials, and the reliability of biometric technologies, especially for manual labourers in hot, humid climates, is questionable,” Moody’s said in its report “Decentralised Finance and Digital Assets”, according to The Hindu. Moreover,…

If you have received a new credit or debit card from your bank, you may not be able to transfer money online or offline without activating a particular functionality on the bank’s mobile app. Most banks now toggle off the control limit of a card at the time of issuance. Users must first enable the controls to make online or offline transactions. According to experts, this is done by the banks to enhance the safety of the cards and also to give users more control over them. It allows users to enable online and international transactions and set…

Writers say their salaries have not kept up with inflation (File) Los Angeles: Striking writers whose industrial action has brought Hollywood to a standstill said Sunday they had reached a deal with studios that could see them go back to work. “We have reached a tentative agreement on a new 2023 (minimum basic agreement), which is to say an agreement in principle on all deal points, subject to drafting final contract language,” said a letter the Writers Guild of America sent to members. “We can say, with great pride, that this deal is exceptional — with meaningful gains and protections…

Shares of Delta Corp were locked in the temporary lower circuit of 15 per cent at Rs 149.10, hitting a 52-week low on the National Stock Exchange (NSE) on Monday at 09:41 AM, after the company said received a tax notice totaling of Rs 16,822 crore last Friday, September 22. It also received interest and penalty from the Directorate General of GST for the period July 2017 to March 2022. The stock of  the casino operator fell below its previous low of Rs 173.75 touched on March 29, 2023. The stock trades under the future & option (F&O) segment, which…

Around 60,000 prisoners were held in the Mittelbau-Dora slave labour camp (File) Nordhausen, Germany: The far-right Alternative for Germany (AfD) on Sunday lost a tight mayoral race where the party had been tipped to secure the office of city mayor for the first time.  The AfD’s candidate Joerg Prophet was defeated by independent incumbent Kai Buchmann in a run-off vote that put the spotlight on the city of Nordhausen in the former East German state of Thuringia. The prospect of a win for the far-right party was described as a “catastrophe” by the keepers of a nearby concentration camp memorial…

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC) has vowed to step up its efforts to combat unregulated cryptocurrency trading platforms in its jurisdiction According to a Sept. 25 announcement, the SFC said it will publish a list of all licensed, deemed licensed, closing down and application-pending virtual asset trading platforms (VATPs) to better help members of the public identify potentially unregulated VATPs doing business in Hong Kong.  Additionally, the SFC said it will issue a dedicated list of “suspicious VATPs” which will be featured in an easily accessible and prominent part of the regulators’ website. The move comes…

By Anup Roy Rising debt payments are eroding the spending power of Indian households and threatening to choke off the funds that fuel the fastest-growing major economy.   Household financial assets, including bank deposits, cash and equity investments, after deducting debt servicing and consumption, eased to 5.1 per cent of gross domestic product in the fiscal year ended March from 7.2 per cent in the previous year, according to the latest data from the Reserve Bank of India. That level, according to calculations by IndusInd Bank Ltd.’s Chief Economist Gaurav Kapur, is the lowest since the fiscal…

The temple will open for visitors from October 18. New Delhi: The United States is set to get its largest temple next month. The BAPS Swaminarayan Akshardham, located 90 m south of Times Square in New Jersey, will be formally inaugurated on October 8. The 183-acre temple took nearly 12 years to be built and its construction involved over 12,500 volunteers from across the US. Located in New Jersey’s Robbinsville Township, the temple is possibly the second largest after Angkor Wat in Cambodia, a UNESCO World Heritage site spanning across 500 acres. The Akshardham temple in Delhi is spread over…

South Korea cryptocurrency exchange Upbit has resumed Aptos (APT) deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal. On Sept. 24, Upbit abruptly halted Aptos token services after noting an “abnormal deposit attempt,” prompting an inspection of the wallet system. The problem appears to have originated from a newly created fake APT token called “ClaimAPTGift.com” which had made its way to 400,000 Aptos wallets after its creation on Sept. 21. The fake token was likely part of a typical token airdrop scam, in which users are airdropped tokens that…

Stock market LIVE updates on September 25, 2023: Two mainboard initial public offers (IPOs) — JSW Infrastructure an Updater Services — will open for subscription on Monday Read Full Article