Myanmar crisis raises trafficking concerns: Indian Envoy
The Business Guardian|July 06, 2024
The escalating turmoil in Myanmar has reverberated across its neighbors, including India and Thailand.

Rebel militias intensifying their attacks against the Myanmar military junta have led to parts of the country slipping beyond central government control. One area of significant concern is Myawaddy, which briefly fell to rebels in April and remains embroiled in conflict.

This has meant that international criminal gangs, with support from some groups, have used the area to flourish a criminal enterprise involved in cyber fraud, phishing, and illegal gambling and betting. In a candid interview, Indian Ambassador to Thailand, Nagesh Singh, expressed grave concerns over the escalating crisis in Myanmar’s troubled regions, where ethnic armed groups have seized control, fostering a breeding ground for criminal syndicates and illicit activities.

Singh highlighted the severe challenges posed by the rampant operations of the Chinese mafia, orchestrating online scams, illegal casinos, and human trafficking networks across Myanmar’s lawless territories.

“Large parts of Myanmar are being controlled by various armed groups. There is no central authority with whom you can deal,” he stated.

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Denne historien er fra July 06, 2024-utgaven av The Business Guardian.

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The Business Guardian

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The Business Guardian

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2 mins  |
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Over 2.1 lakh Indians renounced Indian citizenship in 2023: Govt
The Business Guardian

Over 2.1 lakh Indians renounced Indian citizenship in 2023: Govt

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The Business Guardian

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1 min  |
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The Business Guardian

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Pham Minh Chinh highlighted the transformative impact of technology on global operations and commended India’s crucial role in combating COVID-19, while calling for international solidarity to address severe security challenges in the Asia Indo-Pacific region

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3 mins  |
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Government to expand price monitoring to 16 more commodities from August 1
The Business Guardian

Government to expand price monitoring to 16 more commodities from August 1

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2 mins  |
August 02, 2024
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The Business Guardian

Credit growth slows, gold loans boom, credit card debt mounts

As of June 30, 2024, India’s overall non-food credit growth experienced a decline, falling to 13.9% with a total of Rs 163.46 lakh crore, down from 16.3% a year earlier.

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2 mins  |
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SOUTH INDIANS EMBRACE GOLD, STOCKS AMID FD DECLINE
The Business Guardian

SOUTH INDIANS EMBRACE GOLD, STOCKS AMID FD DECLINE

The survey reveals a shift in South Indian investment preferences from traditional gold to stock market investments, driven by increased financial literacy and higher disposable incomes

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2 mins  |
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Ransomware cripples hundreds of Indian banks
The Business Guardian

Ransomware cripples hundreds of Indian banks

The National Payments Corporation of India (NPCI) reported on Wednesday that C-Edge Technologies Ltd, a technology service provider primarily serving cooperative banks and regional rural banks (RRBs), has likely been affected by a ransomware attack.

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1 min  |
August 02, 2024
INFOSYS DISPUTES RS 32,403 CRORE GST DEMAND
The Business Guardian

INFOSYS DISPUTES RS 32,403 CRORE GST DEMAND

Infosys argues that GST should not apply to overseas branch expenses, citing a recent regulatory circular, and asserts compliance with all GST regulations, including settling dues

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2 mins  |
August 02, 2024