Business
In early trading, the dollar eases as US crude stocks are believed to be dropping.
In early trading on Thursday, the dollar eased against a basket of currencies as investors believe that US crude stocks are dropping. Crude stocks in the US are currently at their lowest levels since February, according to the Energy Information Administration. The EIA also reported that US crude production fell by 100,000 barrels per day in the week ending June 2nd. The drop in US crude production is seen as a positive sign for the global oil market, which has been struggling with oversupply for the past few years.
Crude oil prices rose in early Asian trade on Wednesday as U.S. crude stocks were seen falling last week. The dollar weakened, making oil less expensive for non-American buyers. Gasoline inventories rose by about 4.5 million barrels, while distillate stocks rose by 828,000 barrels.
The U.S. dollar index, which trades inversely with oil, fell 0.69% in Tuesday trade. Rising COVID-19 cases in China kept prices from moving higher. China’s crude oil imports from Russia rose 17% in November from a year earlier.
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Business
The PAN 2.0 project has been approved by the centre. What’s new, the main advantages, and all you need to know
Centre approves PAN 2.0 project: What’s new, top benefits and all you need to know
The PAN 2.0 Project is for digitizing the taxpayer registration system, upgrading the current system, and making PAN as a common identifier
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi announced its approval of the PAN 2.0 Project of the Income Tax Department on Monday, November 25, 2024.
The PAN 2.0 Project is an e-Governance project for digitizing the taxpayer registration system (Digital PAN/TAN services).
The government will be spending a total of ₹1,435 crore for the project, according to its official press statement.
The project also aims to upgrade the current PAN/TAN 1.0 eco-system by consolidating the core and non-core PAN/TAN activities as well as the PAN validation service.
The government also aims to enable the use of PAN as a common identifier for all digital systems of specified government agencies.
“PAN card is part of our life which is important for the middle class and small business, it has been highly upgraded and PAN 2.0 has been approved today,” said Union Minister Ashwini Vaishnaw, talking about the details of the Pan 2.0 project. “The existing system will be upgraded and the digital backbone will be brought in a new way.”
He also highlighted that the government aims to focus on the grievance redressal system, to cater to the queries and the needs of citizens.
Top 4 benefits of the PAN 2.0 Project
i) Ease of access and speedy service delivery with improved quality
ii) Single Source of Truth and data consistency
iii) Eco-friendly processes and cost optimization
iv) Security and optimization of infrastructure for greater agility
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Business
The government warns Apple iPhone, iPad, and Mac users of “high risk.”
High risk’ for Apple iPhone, iPad, Mac users, government warns
The government warned Apple users, citing two software vulnerabilities that could result in unauthorized access, data theft, or control by hackers
The government has issued a warning to certain Apple users, citing two software vulnerabilities that could result in a “high risk of unauthorized access, data theft, or gain control (by hackers) of the affected system”.
This ‘high’ severity issue affects Intel-based Mac systems, which includes macOS, iOS, and iPadOS devices, according to the advisory issued by the Indian Computer Emergency Response Team (CERT-In) which comes under the Ministry of Electronics and Information Technology.
“Two vulnerabilities were reported in Apple products, which could be exploited by an attacker to execute arbitrary code or perform XSS attacks on the affected device,” CERT-In wrote in the advisory.
Which Apple users specifically are under threat?
The vulnerabilities which can lead to “potential for unauthorized access to sensitive user information, denial of service and data manipulation,” affect the following software versions:
Apple iOS and iPadOS versions prior to 18.1.1
Apple iOS and iPadOS versions prior to 17.7.2
Apple macOS Sequoia versions prior to 15.1.1
Apple visionOS versions prior to 2.1.1
Apple Safari versions prior to 18.1.1
What can vulnerable Apple users do?
CERT-In advises Apple users for whom the advisory applies, to update their devices to the latest software versions as mentioned in Apple Security Updates to mitigate the risks.
Also Read: Sanjiv Goenka, owner of Lucknow Supergiants, has a net worth of $4 billion: Forbes
More precisely, iPhone and iPad users have to update to iOS 18.1.1 or iOS 17.7.2, Mac users have to install macOS Sequoia 15.1.1, Apple visionOS users have to update to version 2.1.1, and Safari users should update it to version 18.1.1.
What are the technical details of the vulnerabilities in the Apple products?
CERT-In says the vulnerability for the Safari browser exists in JavaScriptCore which is used by it to process JavaScript.
“An attacker could exploit this issue to execute arbitrary code execution by sending maliciously crafted web content to the affected device,” the advisory read.
CERT-In also mentioned a cross-site scripting vulnerability in WebKit, the engine that powers Safari and web content on Apple devices.
“An attacker could exploit this issue by sending maliciously crafted web content to trigger cross-site scripting (XSS) on the affected device,” CERT-In wrote.
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Business
Vistara cancellations: Amid delays and interruptions, the airline may cancel 60 flights today; the centre requests a report
Vistara has announced the cancellation of several flights due to a shortage of pilots and crew.
The Ministry of Civil Aviation (MoCA) is seeking a detailed report from Vistara regarding flight cancellations and major delays, as the airline has cancelled or delayed over 100 flights in the past week. The number of flights may increase to 70. Vistara attributed the disruptions to a shortage of pilots and announced measures to alleviate the situation, including reducing flight operations and using wide-body aircraft on domestic routes.
What Vistara said on flight delays and disruptions
Vistara has reported numerous flight cancellations and delays due to a shortage of pilots and crew, as stated by a company spokesperson. The company has experienced numerous crew unavailability issues in recent days.
The spokesperson stated that efforts are being made to stabilize the situation and that regular operations will resume soon.
The spokesperson stated that teams are working diligently to minimize customer discomfort.
The airline has deployed larger aircraft, such as the B787-9 Dreamliner and A321neo, on select domestic routes to accommodate more customers. They are offering alternate flight options or refunds to affected customers. They apologize for the inconvenience caused by the disruptions and are working to stabilize the situation. They aim to resume regular capacity soon.
Vistara is utilizing larger aircraft, such as the Boeing 787 Dreamliner, on certain domestic routes to accommodate more passengers as per a spokesperson.
The airline also experienced similar disruptions last month.
The Economic Times reports that first officers of Vistara, unhappy with their new employment contract, have been reporting sick for the past two days, leading to multiple flight delays.
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