South Korea to Support ‘Normal’ Crypto Trading, Says Finance Watchdog

South Korea appears to be softening its stance on cryptocurrency trading. According to Yonhap News, Choe Heung-sik, governor of the Financial Supervisory Service, has said the government “will support [cryptocurrency trading] if normal transactions are made.” At a meeting with representatives from cryptocurrency exchanges, Choe also said the government will “encourage” banks to work with cryptocurrency exchanges, the report states. While brief, the statements will likely be seen positively by South Korea’s crypto community, as well as world markets, since the option to outright ban cryptocurrency exchanges had been mulled by…

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Labour Party leader says UK finance sector will be ‘servant of industry’ under Labour government

Britain’s financial sector will be “the servant of industry not the masters of us all” if the opposition Labour Party gets into power, its leader Jeremy Corbyn will say on Tuesday, accusing bankers of taking the economy hostage. Corbyn, a socialist who has won over many voters with his promises to re-nationalize services and increase public spending, has long targeted London’s lucrative financial sector, saying politicians have been in thrall of money makers for too long. In a speech to a manufacturers’ conference, Corbyn will renew his pledge to re-balance Britain’s…

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Middle Class Can Hope For A Big Tax Relief In Budget 2018-19, Says Report

Currently, there is no income tax slab for income between Rs. 10 lakh and Rs. 20 lakh HIGHLIGHTS Government reportedly contemplating to hike personal tax exemption limit Slabs should be enhanced for benefit of low income group: industry body Move to help tide over impact of increasing retail inflation, adds CII New Delhi: The country’s middle class can hope for a big relief in Budget for financial year 2018-19, which will also be the last regular Budget of the NDA government, as the finance ministry is contemplating to hike the…

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Xiaomi Says Planning to Set Up More Manufacturing Plants in India

Xiaomi India, popular for its smartphone brand, has plans to set up more plants and add capacity to manufacture phone and products in other categories. The company currently has three manufacturing plants – two for phones in Sri City, Andhra Pradesh and one for power banks in Noida, its Vice-President Manu Jain told reporters in Hyderabad. “We are definitely exploring. We want to add more capacity. We want to set up more plants, not just for phones, even for other categories like Mi-band. There are many other categories…,” he said….

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Xiaomi Says It Shipped 9.2 Million Smartphones in India Last Quarter

HIGHLIGHTS Xiaomi shipped 9.2 million smartphones in Q3 2017 This is a record for the Chinese company in the country Xiaomi Redmi Note and Redmi 4 are the top selling smartphones Xiaomi has announced that it shipped 9.2 million smartphones, a record number of units, in India in Q3 2017. The announcement was made by Manu Kumar Jain, Vice President Xiaomi and Managing Director Xiaomi India in a tweet. Jain also shared a piece of trivia about Xiaomi smartphones shipments in the country. “We started with a humble beginning of…

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Sexism was pervasive in finance, says Virgin Money boss

Virgin Money boss Jayne-Anne Gadhia has told MPs that sexism was “pervasive” in the “very male culture” of finance. Ms Gadhia spoke of one example from her time at Royal Bank of Scotland when a senior woman was very upset because she was “expected to sleep with her boss”. She was speaking to MPs as part of their inquiry into women in finance. Ms Gadhia, who was at RBS from 2001 to 2007, added that the industry had improved at dealing with sexism in the workplace. Parliament’s Treasury Committee is…

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Higher Education Institutes Should Broadcast Modi’s ‘Life-Changing’ Speech, Says Centre

The prime minister will be addressing a student leaders’ convention in the capital to mark the 125th anniversary of Swami Vivekananda’s Chicago address at the World Parliament of Religions on Monday. Prime Minister Narendra Modi. Credit: PTI New Delhi: The Centre has reportedly asked close to 40,000 higher-education institutions to install projectors or televisions sets to broadcast Prime Minister Narendra Modi’s speech on Monday (September 11). It has also said that students at the institutions, including IITs and IIMs, must be encouraged to watch what could be a “life-changing” speech, Telegraph reported. Modi will…

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Women employees, officials fume after university in Lucknow says they can’t work after 6 pm

Lucknow An order that no woman official or employee of Babasaheb Bhimrao Ambedkar University (BBAU) will work beyond 6 pm unless for a specific reason has drawn flak for not including students and teachers. BBAU vice chancellor Prof RC Sobti issued the order on Monday evening, stating the rule is to be strictly adhered to. In case of an emergency, prior permission has to be obtained from the V-C. “This step has been taken for security reasons,” reads the order. Women employees criticised the order, asking why female students and women…

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Remembering DU days: Actor Gulshan Grover says nobody leads a wild life at SRCC

For actor Gulshan Grover, bagging a seat in Shri Ram College of Commerce, (SRCC), Delhi University (DU) was the ultimate goal, and it boosted his self-confidence. “ I had to get more than 90% to get in. So, I couldn’t contain my happiness when the admission was confirmed,” says the actor, The years spent at DU gave him strength, vision and a foundation for his acting career.“As DU’s winter festivals [cultural fests] were fantastic and interactive, I rose as an actor,” says Grover. who has been praised for the portrayal…

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Don’t take results too seriously, says Delhi boy who came third in JEE Advanced

Delhi boy Ananye Agarwal secured All Indian Rank of three in 2017 IIT-JEE Advanced, and emerged as the state topper on Sunday. With over 1,70,000 students appearing for the exam last month, topping the prestigious exam can prove to be a herculean task. However, Agarwal is rather composed for someone who has managed the feat. “It is important not to take the results too seriously. It can get stressful otherwise,” said Agarwal, who had scored 97.8% in his CBSE Class 12 exam. Agarwal, a resident of Gulmohar Park, attended the Hope…

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