Monday, 17 November 2014

Centre plans to roll out price stabilisation fund in December


Centre plans to roll out price stabilisation fund in December

NEW DELHI: Prices of potatoes, pulses, tomatoes, onions and several other perishable goods will not shoot up next summer as usually happens between July and November, with the Centre planning to roll out a price stabilisation fund by next month that will intervene in markets when key commodities suddenly get expensive. A task force of officials from departments of agriculture, food and commerce, led by the department of consumer affairs is working on finalising the modalities, a senior government official privy to the deliberations said on condition of anonymity. 

The government is also in favour of decentralised stocking of perishable commodities to meet peak demand and prevent any stockout situations.

"We expect the task force to finalise the contours of the fund soon," the official said, adding that the fund is being proposed as a bridge fund that will meet the difference between purchase cost and selling prices and support distribution and sale of sensitive commodities by state governments. 


Modi says Australia at centre of our thoughts, Abbott calls India 'emerging superpower'


Modi says Australia at centre of our thoughts, Abbott calls India 'emerging superpower'


CANBERRA: Prime Minister Narendra Modi on Tuesday said Australia will not be at the periphery of India's vision but at the centre of its thought, as he called for closer bilateral security cooperation and a comprehensive global strategy to tackle the menace of terrorism.

Modi, while addressing the Australian Parliament, the first Indian Prime Minister to do so, said, "It has taken a Prime Minister of India 28 years to come to Australia. It should never have been so. And, this will change. Australia will not be at the periphery of our vision, but at the centre of our thought."

As it happened: PM Modi addresses Australian parliament

Modi addressed parliament after holding bilateral talks with Prime Minister Tony Abbott following which the two countries signed five pacts on social security, transfer of sentenced prisoners, combating narcotics trade, tourism, and Arts and Culture.

During the talks, the two sides sought an early conclusion of negotiations for a comprehensive economic partnership agreement and a closure on the civil nuclear deal.

Addressing parliament, Modi said terrorism has become a major threat.

READ ALSO: In Sydney, PM Narendra Modi vows diaspora

"In India, we have seen its face closely for three decades. And, we see it with the clarity that comes with it. Terrorism is changing in character and expanding in its reach," Modi said.

"Internet has made recruitment and call to violence self-generated. It also feeds off money laundering, drug trafficking and arms smuggling. We have to deepen our bilateral security cooperation. But, we need a comprehensive global strategy for a global problem," he said.

View image on Twitter


View image on Twitter

Prime Minster Narendra Modi and Australian Prime Minister Tony Abbott walk together as they leave the House of Representatives at Parliament. (AP photo)


In order to tackle the new security challenges, Modi sought closer security cooperation, a policy of no distinction between terrorist groups or discrimination between nations, a resolve to isolate those who harbour terrorists, willingness to empower states that will fight them, a social movement against extremism in countries where it is most prevalent and every effort to delink religion and terrorism.

"India sees Australia as one of our foremost partners in the region. There are few countries in the world where we see so much synergy as we do in Australia," Modi said.

The Prime Minister also called for support for the process of economic integration across the region and an open global trading system that remains integrated.

"We must guard against regional trade initiatives becoming instruments of political competition. However, economic integration by itself won't be a strong basis for peace and stability, without strong regional institutions," Modi said.

Modi also called for collaboration in the field of maritime security.

"We should collaborate more on maintaining maritime security. We should work together on the seas and collaborate in international forums. And, we should work for a universal respect for international law and global norms," he said.

Modi said countries needed to ensure that outer space and cyber space remain instruments of connectivity and prosperity, not new frontiers of conflict.

More importantly, he said, both the countries can work together to deal with piracy and range of other issues related to security.

"The oceans are our lifelines. But, we worry about its access and security in our part of the world more than ever before," he said.

"Responding to the region's disasters, combating proliferation, acting against piracy, we can work together on a full range of security challenges," the Prime Minister said.




Prime Minister Narendra Modi bows as he participates in a welcome ceremony at Parliament House in Canberra. (Reuters photo)


Modi said India and Australia were members of several institutions "critical" to the region and the world and both the countries should coordinate more closely on different global fora.

He said the two countries need not have to rely on borrowed architecture of the past nor did the two have the luxury to "choose who we work with and who we don't."

"But, what we do need is to work together and with others to create environment and culture that promotes the currency of co-existence and cooperation; in which all nations, small and big, abide by international law and norms, even when they have bitter disputes.

"India and Australia are members of several institutions that are critical for this region and the world. We should coordinate more closely in East Asia Summit, G20 and the Indian Ocean Region Association," Modi said.

Modi said, India's development and growth provides a long term opportunity for Australia and it has immense opportunities in the field of agriculture, food processing, mining, infrastructure, finance, technology and energy.

"We have a new Mission for turning 'Make in India' into a global name just as Computer in India is. But, we want to find new pathways to prosperity, not simply travel down the roads of the previous century. Much of India's future cities and infrastructure is yet to be built and so we have a unique opportunity to make our choices now.

"India's development, demography and demand provide a unique long term opportunity for Australia -- and all in the familiar framework of democracy. There is no other example of this nature in the world. Indian investors, too, are coming here in growing numbers and commitments," Modi said.

He highlighted that since his government came to office, no region has seen more intense engagement on India's part than Asia Pacific region.



PM Narendra Modi with Australia's Prime Minister Tony Abbott (Reuters photo)

Modi said Australia has immense opportunities to participate in India's progress and in turn, India will be the answer to Australia's search for new economic opportunities and desire to diversify global economic engagement. 

He said India and Australia were connected to each other with history and geography. 

Modi once again highlighted the example of Walter Griffin, who designed Canberra and was buried in Lucknow, after narrating his story to Abbott and Obama during the G20. 

Modi, during his address, also talked about Australian novelist and lawyer Jang Lang, who helped Rani Laxmibai against the Birtish East India Company. 

"This morning, Prime Minister and I honoured our soldiers, who 100 years ago made the supreme sacrifice together in the battle of Gallipoli. The man who designed this beautiful capital of Canberra, Walter Burley Griffin, lies buried in the old city of Lucknow in India. 

"More than 150 years ago, an Australian novelist and lawyer John Lang fought the legal battle for a brave Indian freedom fighter, the Queen of Jhansi, Rani Laxmibai against the British East India Company in India's first War of Independence. He also lies buried in the Indian hill town of Mussoorie," Modi said. 

He said both the nations had common love for cricket and are set to battle it out on the cricket field next month. 

"We celebrate the legend of Bradman and the class of Tendulkar together. We are impressed by Australian speed as you are charmed by the Indian spin, until of course Shane Warne came along!" the Prime Minister said amidst laughter in the Parliament. 

Speaking about his clear cut majority government in 30 years, the Prime Minister said there was a new "high tide" of hope and energy in India. 

"Today, we have a government with a majority after thirty years. From the remotest village to the biggest cities, there is a new high tide of hope in India; a new energy. It is the energy of our youth - the 800 million people below the age of 35 - eager for change, willing to work for it - because, now they believe that it is possible. That they can make it happen. It is this force of transformation that we will unleash. 

"In the six months that we have been in office, we have moved forward, thinking with ambition, acting with speed; seeking growth not just for growth, but to transform the quality of life of every Indian," Modi said. 

Lauding the people of Australia for making what the nation is today, Modi said generations of people's representatives have made the country one of the greatest nations of the world.

PM Modi enthrals Sydney

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Making his first public address in Australia, PM Modi enthralled about 16,000 people waiting for him at the Allphones Arena in Sydney's Olympic Park. (PTI Photo)

Govt to use ‘red flags’ to track black money at home

Govt to use ‘red flags’ to track black money at home

Govt to use ‘red flags’ to track black money at home
Government is setting its house in order to act against those stashing illicit wealth within the country.

As a first step, the revenue department has decided to streamline information-sharing between the six investigative wings under it — from the Enforcement Directorate, Directorate of Revenue Intelligence to the Financial Intelligence Unit (FIU) — by developing what officials described as 'red flag' indicators. The indicators are an illustrative list of transactions to alert the probe wings, including the Central Economic Intelligence Bureau (CEIB), the CBDT's investigative wing, and central excise intelligence, regarding the possibility of use of black money, an official explained.


http://timesofindia.indiatimes.com/india/Govt-to-use-red-flags-to-track-black-money-at-home/articleshow/45183196.cms

PlayStation



Good news! Today's scheduled network maintenance ended earlier than expected. Enjoy!

Jamie Horowitz Out at 'Today' and NBC News

Jamie Horowitz Out at 'Today' and NBC News

The former ESPN exec only joined the network's morning flagship in September

Jamie Horowitz - P 2014
ESPN
Jamie Horowitz
Jamie Horowitz's short tenure at NBC News has come to an end. Barely three months into his tenure as senior vp and general manager of TodayThe Hollywood Reporter has learned that the veteran TV exec is out. NBC News did not respond to multiple requests for comment.
Originally set to join the network in December, Horowitz started taking meetings atToday in September, overseeing the network's flagship morning show in its pursuit to reclaim No. 1 status from ABC's Good Morning America. According to one source, Horowitz clashed with NBC News president Deborah Turness.
The news follows reports that Turness has butted heads withBrian Williams and David Gregory since assuming lead of NBC News in 2013 — the latter, of course, lost his job as host of Meet the Press in August after drawn-out speculation that he was on his way out. Oddly, this also comes just three days after The New York Post ran a story suggesting that Horowitz, along with Bloomberg BusinessWeek editor Josh Tyrangiel, were being floated as possible Turness replacements.
NBC News has been in a transition mode since Turness' addition. And Today and Meet the Pressaren't the only properties that have needed a course correction. Evening news flagshipNightly News with Brian Williams has also lost ground to ABC's World News, now anchored by David Muir.

Friday, 20 June 2014

How Safe Is Your Bitcoin Wallet?

How Safe Is Your Bitcoin Wallet?


Takeaway: With its growth in popularity, bitcoin attracts more cybercrime, but learning a few key skills will prove vital in staying safe.
How Safe Is Your Bitcoin Wallet?
Source: Felix Pergande/Dreamstime.com
Bitcoin and cryptocurrencies are hot topics right now but they've been getting all the wrong kinds of press as the news is dominated with stories about hacks, theft and security issues. (Discover the basics of this cryptocurrency in What the $#@! is Bitcoin?)

In February 2014, what was perhaps the best-known bitcoin exchange, Mt. Gox, filed for bankruptcy. Then, in March, Vircurex declared its insolvency. 

Bitcoin has had many other roadblocks too. Its association with online black markets like Silk Road, which was shut down by authorities in 2013, continues. Its market price has also been volatile (to say the least). 

As if that weren't enough, bitcoin also has a growing malware problem. According to a study released by Kaspersky Labs, Financial Cyber Threats in 2013, six million detections of malware were discovered in 2013 that could compromise a bitcoin wallet, a staggering growth from 2012. The study also noted the rise of two new kinds of malware - one that steals from wallets and the other that downloads software to "mine" bitcoin.

"When we look at the issues associated with Bitcoin… mining, malware and drive-by downloads are on the rise and there’s been a number of high profile examples," says Raj Samani EMEA CTO of McAfee. "Of course, Cryptolocker was one of the first examples ofransomware being used for bitcoin. The other challenge we’re beginning to see is the role of bitcoin as it relates to the payment mechanism for cybercrime." (Learn more inPowerLocker: How Hackers Can Hold Your Files for Ransom.)

This can be seen in the growth of online gambling networks that only take payment in bitcoin or illicit activities like the aforementioned Silk Road. 

"There’s no doubt that as bitcoin becomes more mainstream, criminals will focus their efforts on these particular currency platforms. Much as you’ve seen Android as the prominent mobile platform and now 97% of malware is on the Android platform, it’s about risk/reward for the criminals," says Samani, who authored the McAfee white paper "Digital Laundry: An analysis of online currencies, and their use in cybercrime."

Making Sense of What to Do With Your Bitcoin

When it comes to keeping bitcoins secure, you can apply many similar principles to bitcoin as you do to cash, says Samani, but only to an extent, especially since the risks that come with bitcoin are much greater.

"The penalties for getting it wrong are much higher with bitcoin than, for example, if you misplaced your credit card or you spent your money at Target," he says. "With bitcoin, if you lose it you’re stuffed."

So, if you accidentally toss out your hard drive with some bitcoin on it, that’s all on you.

"It’s buyer beware," explains Samani on how to use your coins and where to keep them, "if you’re going to put all of your eggs in one basket, in a single exchange, then you have to take that due diligence personally."

Even many exchanges tell you not to put all your bitcoin in their exchange as they are not banks, but there are some similarities nevertheless. According to Michael Perklin, president of Toronto bitcoin security firm Bitcoinsultants, bitcoin shares many properties with regular money management. You wouldn’t walk around with all your savings in your pocket - it’s in the bank. By extension, leaving all your bitcoins in one digital wallet is also a bad idea. 

"The majority of your funds should be a little more difficult to access like in a bank account. In the case of bitcoin, [this is done using] something called cold storage or a paper wallet," says Perklin. "Cold storage is a generic term that means a wallet that’s not connected to any network or to any computer."

To access the funds in cold storage, you need to be physically in its presence and because the device is not connected to a network, malware will not be able to find your bitcoin keys. 

More Addresses = More Security

Perklin says that it is best practice for users to have multiple addresses, even hundreds. Using only a select number of addresses or holding too many funds in one address are some of the biggest mistakes bitcoin users can make.

The other reason for having so many addresses is privacy. That's why it’s becoming an industry standard among bitcoin service providers. Most bitcoin software now supports this under the hood, without the user having to think too much about it.

"In practice, as you’re walking around the city and you buy a coffee here and a donut there, every single purchase means you need to create a brand new account," explains Perklin. 

"This is done by design to protect your privacy because if I learned that you had address 1ABCDE, maybe because I owed you $5 so I’ve given you $5 to that address, at any point in the future, I can see how many funds you have in that account," Perklin said. "For privacy it’s not ideal to stick with one bitcoin address because once someone learns that that address is yours, from that point on, they can track every purchase you make."

When Something Goes Wrong

If you’re checking your balance and the bitcoin provider in question has been compromised, what should your reaction be? If you have concerns with your provider and how they’re managing your funds, you should consider changing right away. With bitcoin’s volatile nature, making this decision needs to be much quicker than changing banks to avoid being robbed. 

"It’s easy for you to create a brand new bitcoin address on another service or on another wallet or on another machine and then send all of your funds to this new wallet," Perklin said. "If the attack is still in play, by the time they get to the rest of your funds, you’ve already moved them to a new address and they are inaccessible."

What Newbies Need to Know

For newcomers, things like privacy settings and cold storage are aspects to consider, but most important is a bitcoin exchange and service provider. With exchanges going under, making a wise decision on a provider is vital.

Trust is imperative and exchanges need to earn that trust from their users. 

"I recently did a story with the Wall Street Journal on Coinfloor, and what they talked about was having a transparency with regard to the amount of money that they have within their exchange," Samani said.

These sorts of measures have become necessary post-Mt. Gox in order for exchanges to gain and maintain trust. 

"One of the things that [Coinfloor] is trying to do is give transparency, to show you how many bitcoins they actually have," Samani said. "But the reality is that for most people that’s going to be complicated to even understand."

This brings us back to due diligence and making responsible decisions. Don’t use the exchange as a bank, even if they offer cold storage.

"In the banking sector it’s called KYC: know your clients. Well, in this particular example it’s KYE: know your exchange. Be comfortable with the level of security that they tell you they have and certainly don’t put all of your eggs in one basket," Samani said.

Why Android Anti-Malware Apps Are a Good Idea


Takeaway: As malware attacks on Android devices are becoming more frequent, it just might be time to install an anti-virus app on your phone or tablet.
Why Android Anti-Malware Apps Are a Good Idea
Source: Venimo/Dreamstime.com
Having an anti-virus application on PCs is pretty much a given. Not many people would venture around the Internet without some kind of digital protection installed on their computer. Why then do those same people have no qualms about traversing the Internet using their unprotected smartphone or tablet? 

Or what about those who religiously load anti-malware apps on their tablets and smartphones, only to realize the app isn't catching anything? Especially when those apps drain precious battery hours.

A Perfect Storm

A perfect storm may be brewing in malware as several conditions come together in the mobile-computing world. Gartner predicts that the number of Android phones sold will approach one billion in 2014. That captures the bad guys’ attention as their return on investment improves. Couple that with the fact that most mobile-device owners feel anti-malware apps are a waste of time, and it becomes easy to see why malware's on the rise.
The rapidly increasing number of Android smartphones coupled with significant user apathy are not the only things contributing to Android’s perfect storm. Those who pay attention to active mobile-device malware have noticed malware developers are focusing a lion’s share of their attention on the Android operating system. F-Secure's Mobile Threat Report Q1 2014 mentions that researchers found 275 new threats targeting Android mobile devices, compared to just one for iOS and one for Symbian.



The F-Secure report also adds validity to the contention that bad guys are looking to improve their return on investment. Almost 90 percent of the 275 threats against Android mobile devices included a method for attackers to make money off their victims. One example included sending SMS messages at a premium rate - unbeknownst to the mobile device’s owner, of course. Then there's Android ransomware such as Koler, which demands $300 to unlock a victim’s mobile device. (Learn more in PowerLocker: How Hackers Can Hold Your Files for Ransom.)

Why Anti-Malware Might Be in Order

A big reason Android device owners skip using an anti-malware app is that Google, in creating Android, introduced several features that reduce the attack surface visible to malware. However, that does not help when the attack involves social engineering. This is where anti-malware applications come into play. For example, within days of learning of Koler, all of the major mobile anti-malware products were detecting it, and if need be, informing owners to delete the offending application containing Koler. 

Which Product to Use?

Which product is a good question. There is a dizzying array of free and paid Android anti-malware products on the market, and each vendor is adamant that its product is the best. Fortunately, there are independent test labs that help interested parties make an informed decision. These labs capture copies of Android malware in the wild, run tests using the captured malware against the Android anti-malware products, and publish how well the applications protect plus any issues they find.

One such test lab is AV-Test GmbH. I had a chance to talk to Andreas Marx, CEO of AV-Test GmbH, about the company. According to Marx, "AV-Test GmbH focuses on the detection and analysis of the latest malicious software and its use in comprehensive comparative testing of security products." 

One of the byproducts of AV-Test’s research is a quarterly report that publishes the test results for many of the major Android anti-malware applications. 




And what about free versions? I asked Marx if there was any real difference between the free versions and purchased. Marx said that when it came down to detecting Android malware, there wasn’t. But the purchased versions may interest people because of added features such as locating the device, and having the ability to lock the mobile device if it is stolen.