February 20, 2021
The Ministry Will Also Provide A Financial
Financial assistance will also be provided for increasing IT awareness, publicity and market development. These centres will come up in knitwear clusters on PPP model with the participation of industry and industry bodies. The financial assistance is provided in the form of margin money subsidy at 25 per cent basic cost of new machinery with a ceiling of Rs 25 lakh. (Representational image) Chennai: In order to promote the knitwear industry, government has come up with a few initiatives that will provide financial assistance for service centres, yarn banks, solar energy production and market development..
Further, group worksheds with modern knitting machines will be established to provide required scale of economy for business operations and to improve working conditions. The government is providing interest free corpus fund up to Rs 2 crore per yarn bank. The government is providing subsidy of maximum Rs 4 crore for this. The new initiatives are part of a comprehensive scheme announced for the sector on Thursday.Government will provide financial assistance of maximum Rs 2 crore for setting up new service centres that offer facilities including testing, trading, sample development, consultancy and trouble shooting. The government will also launch Yarn Bank Scheme providing interest free corpus fund to Special Purpose Vehicles or consortium of knitting units.
The ministry will also provide a financial assistance of up to Rs 20 lakh for the modernisation and upgradation of existing PSCs. Financial assistance of up to 50 per cent is provided for installation of on-grid solar photo voltaic (without battery) and off-grid solar photo voltaic (with battery).The ministry will also provide a financial assistance of up to Rs 20 lakh for the modernisation and upgradation of existing PSCs.Common facility Centres will be set up to provide facilities like processing, dyeing, printing, design development, testing facilities, ETP, etc.Pradhan Mantri Credit Scheme will provide adequate and timely financial assistance to new entrepreneurs belonging to SC/ST and women categories in order to meet the credit requirements for investment needs. SC/ST entrepreneurs will China Gloves Dotting Machine Suppliers get enhanced benefits of 75 per cent and 90 per cent of the cost of solar panels. This will enable them to purchase yarn at wholesale rate and give the yarn to the small knitting units to avoid middleman/ local suppliers. The financial assistance is provided in the form of margin money subsidy at 25 per cent basic cost of new machinery with a ceiling of Rs 25 lakh.Under the Solar Energy Scheme, financial assistance/ capital subsidy will be offered to small units for installation of solar photo voltaic plants
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February 05, 2021
The Illegal Computer Intrusions And Cyberattacks
Washington: Five Chinese nationals who have been charged by the US justice Department for hacking more than 100 companies and institutions worldwide are said to have compromised several Indian government networks.Deputy US Attorney General Jeffrey Rosen on Wednesday announced three indictments have been unsealed in the matter that collectively charge five Chinese nationals with computer hacking and charge two Malaysian nationals for helping some of those hackers target victims and sell the fruits of their crime."
In about 2019, the conspirators compromised Government of lndia websites, as well as virtual private networks and database servers supporting the Government of India. The conspirators used VPS PROVIDER servers to connect to an Open VPN network owned by the Government of India," the indictment said.In the attacks, the conspirators installed 'Cobalt Strike' malware on Indian government-protected computers, it added.According to the charges, the computer intrusions affected over 100 companies worldwide. The Malaysian nationals were arrested on Sunday and the Chinese nationals have been declared fugitive, according to the US Justice Department statement.Rosen severely criticised the Chinese government. "The Department of Justice has used every tool available to disrupt the illegal computer intrusions and cyberattacks by these Chinese citizens. Regrettably, the Chinese Communist Party has chosen a different path - of making China safe for cyber-criminals so long as they attack computers outside China and steal intellectual property helpful to China," the deputy attorney general said.
The victims ranged from software development, computer hardware, telecommunication, social media and video game companies. Non-profit organisations, universities, think-tanks, foreign governments, pro-democracy politicians and activists in Hong Kong were also targeted.Security researchers have tracked the intrusions using labels "APT41, Barium, Winnti, Wicked Panda, and Wicked Spider."These intrusions facilitated the theft of source code, software code signing certificates, customer account data, and valuable business information, the researchers said.These intrusions also facilitated the defendants' other criminal schemes, including ransomware and "crypto-jacking" schemes, the latter refers to the group's unauthorised use of victim computers to mine cryptocurrency.The Chinese hackers also targeted government computers and networks of Vietnam and the United Kingdom. The hackers, however, were not successful in compromising the government computer networks in the United Kingdom.
The racketeering conspiracy pertained to the three defendants' conducting the affairs of Chengdu 404 Network Technology (Chengdu 404), a Chinese Government company, through a pattern of racketeering activity involving computer intrusion offenses affecting over 100 victim companies, organisations, and individuals in the United States and around the world, including in Australia, Brazil, Chile, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Singapore, South Korea, Taiwan, Thailand, and Vietnam, the Justice Department said."Today's announcement demonstrates the ramifications faced by the hackers in China but it is also a reminder to those who continue to deploy malicious cyber tactics that we will utilise every tool we have to administer justice," said FBI Deputy Director David Bowdich.Noting that the scope and sophistication of the crimes are unprecedented, Acting US Attorney for the District of Columbia Michael R Sherwin said some of these criminal actors believed their association with the Peoples Republic of China provided them free licence to hack and steal across the globe."This scheme also contained a new and troubling cyber-criminal component -- the targeting and utilisation of gaming platforms to both defraud video game companies and launder illicit proceeds," Sherwin said.Rosen told reporters that as an additional method of making-money, several of the Chinese defendants compromised the networks of video game companies worldwide -- a billion-dollar industry -- and defrauded them of in-game resources."
Two of the Chinese defendants stand accused, with two Malaysian defendants, of selling those resources in the black market, through their illicit website," he said.Asserting that the Chinese government has the power to help stop crimes like these, Rosen alleged that the Chinese Government has made a deliberate choice to allow its citizens to commit computer intrusions and attacks around the world because these actors will also help them.
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