NEW DELHI: At least 32 Facial Recognition Technology (FRT) systems, estimated at Rs 1,063 crore, are in various stages of deployment by union ministries, central agencies and several state governments, including Telangana and Gujarat, according to an ongoing study by digital rights advocacy group, Internet Freedom Foundation (IFF). IFF sourced the information by filing 31 RTIs with several government departments.The organisation launched a website — panoptic.in — on Friday which graphically details this ongoing development, which digital rights experts say can pose a threat to privacy and freedom of speech. The IFF study is named Project Panoptic. FRT uses algorithms to extract data points from a face to create its digital signature. This signature is compared with an existing database to find possible matches. It is not 100% accurate and there can be “misidentification (false positive) and failure to identify (false negative)”, the website says.“These … [Read more...] about Ministries & several states deploying facial recognition tech systems: Study
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Biz China Weekly: Industrial profits, pension fund return, yuan bonds, CBS, SOE profits
-- The People's Bank of China, the central bank, conducted this year's 11th central bank bills swap (CBS) operation on Friday to improve the liquidity of perpetual bonds issued by commercial banks. … [Read more...] about Biz China Weekly: Industrial profits, pension fund return, yuan bonds, CBS, SOE profits
China’s real, nominal EERs strengthen for 4 months: BIS
Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates, while the real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices. An increase in the index indicates an appreciation. Enditem … [Read more...] about China’s real, nominal EERs strengthen for 4 months: BIS
Los Angeles County issues new safer-at-home order on Black Friday
Los Angeles County on Friday reported 4,544 new COVID-19 cases, raising the five-day average of new coronavirus cases up to 4,751. According to thresholds announced earlier in the month, a renewed safer-at-home order would be issued if the county's five-day average exceeds 4,500. Enditem … [Read more...] about Los Angeles County issues new safer-at-home order on Black Friday
BMW to recall 740 imported cars in China
The bearing seat of the right front tie rod of the front axle girder may not be firmly welded, leading to a risk that the right front wheel of the vehicle might fall off the vehicle. … [Read more...] about BMW to recall 740 imported cars in China
