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China's Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country's 5G phone network, the Sunday Times newspaper reported on Sunday. The Chinese telecoms equipment maker is seeking to delay its removal from the from the country's 5G telecoms networks until after elections in June 2025, in the expectation that the new government may reverse the decision, the newspaper reported. https://bit.ly/3iTYDRi Huawei will in return pledge to maintain its equipment in the UK, which is also used in the 2G, 3G and 4G networks, the report added. Britain granted Huawei a limited role in its future 5G networks in January, but ministers have since said the introduction of U.S. sanctions on the company means it may no longer be a reliable supplier.Johnson has faced intense pressure from the United States and some British lawmakers to ban the telecommunications equipment maker on security grounds.China's ambassador … [Read more...] about Huawei to request UK to delay 5G network removal: The Times

TVS Motor Company expects business environment to remain challenging for most part of the current financial year due to the coronavirus pandemic with chances of some revival only in the later part of the year, according to the company's annual report for 2019-20.Sharing information with the company's shareholders, the two-wheeler major said that good monsoon this year could lead to growth in the agriculture sector, which may help in reviving the two-wheeler industry."In 2020-21, the economy will see significant challenges owing to the impact of the COVID-19 pandemic and the resultant interruption to economic activity which is beginning to reopen," TVS Motor Company said.Restriction on public mobility and impact on many sectors of the economy will affect gross domestic product (GDP), disposable incomes, consumer sentiment and also the auto industry, it added."Consequently, a very sharp decline in the first quarter of 2020-21 is expected, which may partially alleviate in the following … [Read more...] about Business environment may remain challenging this fiscal due to Covid-19: TVS Motor

Miliband thus placed a glaring question mark over the legitimacy of the McMahon Line, which Lhasa and New Delhi had agreed upon at the Shimla Convention in 1914. The New York Times, November 24, 2008, 'Did Britain Just Sell Tibet?'). Click on NEXT to read further... … [Read more...] about The monumental British blunder on Tibet

MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).As of July 9, 2020 public sector and private banks have sanctioned loans worth over Rs 1.20 lakh crore under the 100 per cent Emergency Credit Line Guarantee Scheme, of which close to Rs 62,000 crore has already been disbursed.There has been a big jump in sanctions in the last couple of weeks and just in last five days up to July 9 sanctions have increased by close to Rs 5,500 crore while disbursement has increased by about Rs 6,000 crore.In a tweet, office of finance minister Nirmala Sitharaman said: "As of 9 July 2020, the total amount sanctioned under the 100 per cent Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,20,099.37 crore, of which Rs 61,987.90 crore has already been disbursed."The ECLGS scheme is the biggest fiscal component of the Rs 20-lakh crore Self-Reliant India Mission package announced by Finance Minister Nirmala Sitharaman in May.To ensure … [Read more...] about Govt sanctions Rs 1.20 lakh crore for MSMEs under ECLGS

In short, universities with already limited fiscal space will now find themselves even further squeezed by the ICE regulations affecting an important revenue source. Larger colleges have already begun to push back — the Massachusetts Institute of Technology and Harvard University have filed a lawsuit against the U.S. Department of Homeland Security and the ICE. There are discussions being held in other schools about using loopholes to offer in-person courses without requiring students to actually turn up to campus. In the event that these efforts fail, however, the economic pressures will be large particularly for smaller schools with less clout. They will essentially join the myriad other businesses struggling to choose between economic viability and public health. Ironically, the very conditions proposed as increasing university autonomy have conversely placed them in a situation with limited options. … [Read more...] about The problem of being over-reliant on one revenue stream