Finance ministry’s own division shares EC’s concerns on electoral bonds & transparency

Amendments proposed that contributions received through electoral bonds be excluded from political donations act | Wikipedia The Financial Sector Reforms and Legislation Division has agreed with the EC’s view, which is that the new laws are ‘retrograde’ and need to be withdrawn. New Delhi: The Election Commission’s concerns over the transparency of electoral bonds, introduced via the Finance Act, 2017, have been supported by the Financial Sector Reforms and Legislation Division of the finance ministry. According to an RTI filed by activist Commodore Lokesh Batra (retd), an official email from the…

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BlackBerry kills its smartphone division, will pivot to software, services licensing

BlackBerry, née RIM, has announced that it will no longer develop its own smartphone or tablet hardware. The company is currently transitioning from a hardware-centric business to a software development company. It expects to complete that transition more effectively now that it has ended its own internal hardware efforts. “Our new Mobility Solutions strategy is showing signs of momentum, including our first major device software licensing agreement with a telecom joint venture in Indonesia,” CEO John Chen told investors. “Under this strategy, we are focusing on software development, including security…

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