The American technology company IBM says that it has designed a new, very powerful quantum computer processor. The company’s leaders made the announcement Monday. They said the processor, or chip, will lead to quantum systems performing better than traditional computer systems at some tasks within the next two years. Quantum computers use quantum physics to perform difficult computing tasks. IBM said that …
Main Street may be more resilient than Wall Street during the coronavirus crisis. Former Office of Management and Budget director David Stockman warns the pandemic is exposing risky speculation and shaky market fundamentals. “Wall Street is toast,” he told CNBC’s “Trading Nation” on Thursday. “It’s going to end as a financial crisis because the illusion that central banks always have …
Will seek details from PSBs on funding to NBFCs, retail customers on Oct 14 Finance Minister Nirmala Sitharaman, on Thursday, said she is “not sitting back” after the recent spate of measures, and will take more steps if required for non-banking finance companies and other sectors. The minister will be meeting the chiefs of public sector banks on October 14, …
More than 200 central and state government websites publicly displayed details such as names and addresses of some Aadhaar beneficiaries, the Unique Identification Authority of India has said. The Aadhaar issuing body added, in response to an RTI query, that it took note of the breach and got the data removed from those websites. It did not specify when the …
The leak was exposed after an envelop containing four images of the hand-written economics paper was delivered to the CBSE headquarters in Delhi on the evening of the scheduled day of the examination—26 March. Photo: PTI New Delhi: An official of the Central Board of Secondary Education (CBSE) has said that the re-test of the Class 12 Economics paper, held on …
The Supreme Court has said that the standard of entrance examination for premier medical college AIIMS cannot be diluted and has refused to do away with the online MBBS under-graduate entrance test for this year. Some candidates have challenged the AIIMS online entrance test for MBBS courses to be held in May 26 and 27 in two shifts each day …
Panic gripped students of class 12 following claims on social media that the economics paper was leaked on Monday ahead of the exam even as CBSE denied there was any slip up. Reports of the question paper being leaked circulated through social media and WhatsApp several hours before the paper commenced. The Central Board of Secondary Education (CBSE), however, …
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 …
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 …
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 …