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#secretary of commerce
geezerwench · 1 year
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The RESTRICT Act in the US is NOT about TikTok or the parent company ByteDance. That's the cover. 
The RESTRICT ACT allows the Secretary of Commerce to decide if another country is a foreign adversary and can then put us in a cyber war with that country or regime.
@pearlmania500 on TikTok
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this-is-me19 · 1 year
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This isn’t about TikTok. It’s about access to the internet!
My fellow American residents, citizens, and visa holders…
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The RESTRICT ACT about allowing the Secretary of Commerce to determine if a country should have access to American internet?! They can deem a foreign government or regime if engaged in a long term pattern or significant issues…to deem them them adversaries.
(Wiki page for the RESTRICT Act)
So, are we becoming like China where the internet will become so limited because the government decides it?!
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kcclasses1234 · 28 days
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Excelling in CS Executive: A Guide to Kisalay Commerce Classes
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Are you aspiring to become a Company Secretary (CS) and searching for the best coaching institute in India to help you crack the CS Executive exam? Look no further than Kisalay Commerce Classes. With a reputation for excellence and a track record of success, Kisalay Commerce Classes stands out as a premier coaching institute for CS Executive aspirants across India.
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2.Comprehensive Study Material:-
Kisalay Commerce Classes provides meticulously curated study material that covers all the topics and concepts included in the CS Executive syllabus. The study material is designed to facilitate easy understanding and retention, ensuring that students are well-prepared to tackle the exam with confidence.
3.Interactive Learning Environment:-
Learning at Kisalay Commerce Classes is not limited to passive listening. The institute fosters an interactive learning environment where students are encouraged to ask questions, participate in discussions, and engage in hands-on learning activities. This interactive approach not only enhances understanding but also promotes critical thinking and problem-solving skills.
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At Kisalay Commerce Classes, the focus is not only on academic excellence but also on holistic development. Along with rigorous academic training, students are encouraged to participate in extracurricular activities, workshops, and seminars that help enhance their overall personality and groom them for success in all spheres of life.
Conclusion :-
In conclusion, if you're serious about excelling in the CS Executive exam and embarking on a rewarding career as a Company Secretary, Kisalay Commerce Classes is the perfect partner to accompany you on your journey. With its expert faculty, comprehensive study material, interactive learning environment, regular assessments, personalized attention, and proven track record of success, Kisalay Commerce Classes equips you with the knowledge, skills, and confidence you need to ace the exam and fulfill your aspirations. So why wait? Enroll at Kisalay Commerce Classes today and take the first step towards a bright and successful future in the field of Company Secretaryship.
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easterneyenews · 2 months
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thenewzpeg · 2 months
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Lulu Group representatives hold a meeting with Minister MB Patil: Setting up of food processing plant in Vijaypura at a cost of ₹300 crore
Bengaluru: Top representatives of the Lulu Group, a leading multinational diversified conglomerate that has planned to set up a export oriented full-fledged food processing plant in Vijayapura held a preliminary meeting about the proposed project with the Minister of Large and Medium Industries, M. B. Patil, who is also the district in-charge minister for Vijayapura.Lulu Group export division CEO…
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pasquines · 6 months
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timesofocean · 1 year
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Microsoft to pay $3.3M to resolve violations of US export controls, sanctions
New Post has been published on https://www.timesoftehran.com/microsoft-to-pay-3-3m-to-resolve-violations-of-us-sanctions/
Microsoft to pay $3.3M to resolve violations of US export controls, sanctions
New York (The Times Groupe)- U.S.-based multinational technology corporation Microsoft is imposed a total of $3.3 million in civil penalties for its alleged and apparent violations of US export controls and sanctions laws, Treasury and Commerce departments said Thursday in a joint statement. ofac bis
According to the statement, Microsoft self-disclosed the alleged violations to the Commerce Department’s Bureau of Industry and Security (BIS) and the Treasury Department’s Office of Foreign Assets Control (OFAC).
It added that the tech firm cooperated with the joint investigation conducted by BIS and OFAC, and took remedial measures after discovering the conduct at issue, which predated the export controls and sanctions imposed in connection with Russia’s ongoing war in Ukraine.
While BIS imposed an administrative penalty of more than $600,000 on Microsoft involving its subsidiary Microsoft Rus LLC, or Microsoft Russia, the company also settled with OFAC and agreed to an almost $3 million civil penalty to resolve 1,339 violations of sanctions regulations involving Ukraine/Russia, Cuba, Iran, and Syria.
Microsoft was given a $276,000 credit by BIS, contingent upon Microsoft fulfilling its requirements under the OFAC settlement agreement, according to the statement.
“U.S. companies will be held accountable for the activities of their foreign subsidiaries,” said Assistant Secretary for Export Enforcement Matthew S. Axelrod. “As this coordinated resolution demonstrates, BIS and OFAC will work together to ensure that U.S. export control and sanctions laws are enforced effectively, wherever in the world the underlying conduct occurs.”
Employees of Microsoft Russia caused another Microsoft subsidiary to enter into or sell software licensing agreements that would allow the transfer or access to software on seven occasions between December 2016, and December 2017, said the Treasury.
OFAC Director Andrea Gacki said Microsoft’s case underscores the risks technology companies may face when engaging through foreign subsidiaries, distributors, and resellers.
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Senate Bill 686 of the 118th Congress (The Restrict Act)
I’m honestly a bit disappointed here at Tumblr for not talking about this bill more, so I’m going to share what I’ve learned about it with you all
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The link above goes to a pdf file going over the entire bill that has only been introduced atm as shown in the image just above from congress.gov.
Now, people only see this as a means to ban Tiktok, but that’s just the mask this truly cruel bill is hiding behind.
To boil it all down, this bill lets the Secretary of Commerce to have the power to ban…basically ANYTHING on the internet.
This includes hardware like video game consoles or Wifi networks as well as software and applications such as VPNs.
It also gives the government the power to monitor, basically everything you do online, private messages, posts on social media, streams, you name it, they can monitor it.
And the punishment for using, say, a VPN to access Tiktok, will result in 20 years in prison with a 1/4 million fine, a full million if you did it on purpose.
Now, I please ask you all to go to your representatives and tell them about how you don’t want this bill to be passed whatsoever. Heck, if you have to, (passively) threaten them with supporting their opponent in the next primary in any way they can. Just remember to be respectful and civil.
If you don’t want to do that, I respect that decision, and I understand that you wouldn’t want to deal with politics. But, I at least ask you to signal boost this post by reblogging it to your own followers and give any other thoughts about this that you might have in the tags or just normally.
I don’t want this lovable hellsite we all call home and made such good friends and memories on to be under the eyes of those pedophilic heathens who can’t seem to even know how to unlock a smartphone.
I thank you all for reading this, and I hope you all have a good day/night.
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batboyblog · 11 days
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Things Biden and the Democrats did, this week #14
April 12-19 2024
The Department of Commerce announced a deal with Samsung to help bring advanced semiconductor manufacturing and research and development to Texas. The deal will bring 45 billion dollars of investment to Texas to help build a research center in Taylor Texas and expand Samsung's Austin, Texas, semiconductor facility. The Biden Administration estimates this will create 21,000 new jobs. Since 1990 America has fallen from making nearly 40% of the world's semiconductor to just over 10% in 2020.
The Department of Energy announced it granted New York State $158 million to help support people making their homes more energy efficient. This is the first payment out of a $8.8 billion dollar program with 11 other states having already applied. The program will rebate Americans for improvements on their homes to lower energy usage. Americans could get as much as $8,000 off for installing a heat pump, as well as for improvements in insulation, wiring, and electrical panel. The program is expected to help save Americans $1 billion in electoral costs, and help create 50,000 new jobs.
The Department of Education began the formal process to make President Biden's new Student Loan Debt relief plan a reality. The Department published the first set of draft rules for the program. The rules will face 30 days of public comment before a second draft can be released. The Administration hopes the process can be finished by the Fall to bring debt relief to 30 million Americans, and totally eliminate the debt of 4 million former students. The Administration has already wiped out the debt of 4.3 million borrowers so far.
The Department of Agriculture announced a $1 billion dollar collaboration with USAID to buy American grown foods combat global hunger. Most of the money will go to traditional shelf stable goods distributed by USAID, like wheat, rice, sorghum, lentils, chickpeas, dry peas, vegetable oil, cornmeal, navy beans, pinto beans and kidney beans, while $50 million will go to a pilot program to see if USAID can expand what it normally gives to new products. The food aid will help feed people in Bangladesh, Burkina Faso, Burundi, Chad, Democratic Republic of the Congo, Djibouti, Ethiopia, Haiti, Kenya, Madagascar, Mali, Nigeria, Rwanda, South Sudan, Sudan, Tanzania, Uganda, and Yemen.
The Department of the Interior announced it's expanding four national wildlife refuges to protect 1.13 million wildlife habitat. The refuges are in New Mexico, North Carolina, and two in Texas. The Department also signed an order protecting parts of the Placitas area. The land is considered sacred by the Pueblos peoples of the area who have long lobbied for his protection. Security Deb Haaland the first Native American to serve as Interior Secretary and a Pueblo herself signed the order in her native New Mexico.
The Department of Labor announced new work place safety regulations about the safe amount of silica dust mine workers can be exposed to. The dust is known to cause scaring in the lungs often called black lung. It's estimated that the new regulations will save over 1,000 lives a year. The United Mine Workers have long fought for these changes and applauded the Biden Administration's actions.
The Biden Administration announced its progress in closing the racial wealth gap in America. Under President Biden the level of Black Unemployment is the lowest its ever been since it started being tracked in the 1970s, and the gap between white and black unemployment is the smallest its ever been as well. Black wealth is up 60% over where it was in 2019. The share of black owned businesses doubled between 2019 and 2022. New black businesses are being created at the fastest rate in 30 years. The Administration in 2021 Interagency Task Force to combat unfair house appraisals. Black homeowners regularly have their homes undervalued compared to whites who own comparable property. Since the Taskforce started the likelihood of such a gap has dropped by 40% and even disappeared in some states. 2023 represented a record breaking $76.2 billion in federal contracts going to small business owned by members of minority communities. This was 12% of federal contracts and the President aims to make it 15% for 2025.
The EPA announced (just now as I write this) that it plans to add PFAS, known as forever chemicals, to the Superfund law. This would require manufacturers to pay to clean up two PFAS, perfluorooctanoic acid and perfluorooctanesulfonic acid. This move to force manufacturers to cover the costs of PFAS clean up comes after last week's new rule on drinking water which will remove PFAS from the nation's drinking water.
Bonus:
President Biden met a Senior named Bob in Pennsylvania who is personally benefiting from The President's capping the price of insulin for Seniors at $35, and Biden let Bob know about a cap on prosecution drug payments for seniors that will cut Bob's drug bills by more than half.
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samvadprakriya · 2 years
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श्री सुनील बर्थवाल ने वाणिज्य विभाग के सचिव के रूप में कार्यभार संभाला
श्री सुनील बर्थवाल ने वाणिज्य विभाग के सचिव के रूप में कार्यभार संभाला
श्री सुनील बर्थवाल ने आज नई दिल्ली में वाणिज्य विभाग के सचिव का पदभार ग्रहण किया। इससे पहले वे श्रम एवं र��जगार मंत्रालय में सचिव के रूप में कार्यरत थे। श्री बर्थवाल बिहार कैडर के एक भारतीय प्रशासनिक सेवा (आईएएस) अधिकारी हैं। वह अर्थशास्त्र में स्नातकोत्तर हैं। उन्होंने अपनी बी.ए. (ऑनर्स) अर्थशास्त्र सेंट स्टीफंस कॉलेज, दिल्ली से और जे.एन.यू, दिल्ली से अर्थशास्त्र में एमए किया है। उन्होंने किंग्स…
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zvaigzdelasas · 2 months
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You can’t buy the Seagull in the US. But I bet you wish you could.
A small hatchback around the size of a Mini Cooper, the Seagull is a fast-charging electric car and claims a range of up to 250 miles [...] BYD, its Chinese manufacturer, claims it can go from 30 percent to 80 percent charged in a half-hour using a DC plug. It’s hardly a luxury car but it’s well-equipped, with a power driver’s seat and cruise control. “If I were looking for an inexpensive commuter car … this would be perfect,” veteran car journalist John McElroy said after taking a drive.
The best part? Its base model costs about $10,700 in China.
That’s about a third of the cost of the cheapest EV you can buy in the US. In South America, it’s a little pricier, but still fairly affordable, at under $24,000 for a top-trim version. Even in Europe, you can get an entry-level BYD for under €30,000. These are absolutely screaming deals — exactly the kind of products that could turbocharge our transition away from gas and toward electric vehicles.[...]
The problem for Americans? The Biden administration is hell-bent on preventing you from buying BYD’s product, and if Donald Trump returns to office, he is likely to fight it as well.
That’s because the BYD cars are made in China, and both Biden and Trump are committed to an ultranationalist trade policy meant to keep BYD’s products out. [...] Shipments to Europe have increased astronomically; Chinese companies sold 0.5 percent of EVs in Europe in 2019 but they’re already over 9 percent as of last year. Companies like BYD make cheap, reasonably good-quality cars people are eager to buy.
In 2018, Trump imposed, and Biden has since continued, a special 25 percent tax on Chinese-made autos, on top of the ordinary 2.5 percent tax on foreign-made cars.
That has so far prevented BYD and its Chinese peers from trying to enter the US market. US customer tastes are different enough that Chinese manufacturers would probably prefer to make cars tailored to them — but US policy has been so hostile toward cheap Chinese EVs that so far, the companies haven’t wanted to bother.
So, the result is that we’re left out of the bounty of cheap EV options created by BYD and others. “If you’re a consumer right now, the best place to be right now is China, because you have the best choice of EVs,” Ilaria Mazzocco, senior fellow at the Center for Strategic and International Studies and an expert on Chinese EVs, says.[...]
Still, China’s price advantage is big enough that even the extreme Trump-Biden import tax might not be enough to deter companies like BYD from entering the US market. Even with the tariffs, Chinese cars might be cheaper than their rivals. “​​Subsidies most likely won’t be enough; Mr. Biden will need to impose [more] trade restrictions,” climate journalist Robinson Meyer predicted recently. The Biden administration is already making noise about imposing even more draconian taxes or trade restrictions against these vehicles. Commerce Secretary Gina Raimondo has described Chinese-made cars as a national security threat, and recently announced an investigation into the vehicles’ data collection abilities and the possibility they could send movement data to Beijing.
On the one hand, Biden is offering Americans up to $7,500 per vehicle to buy EVs (provided they meet certain made-in-North America rules). On the other hand, he’s imposing massive taxes to keep Americans from buying EVs. It’s a bizarre policy that makes no sense from a climate perspective.[...]
[The Biden Administration] has proven shockingly willing to sabotage its own climate policy if it gets to stick it to the Chinese in the process.
“There’s almost an across-the-board apprehension about Chinese EVs, even though they would make an important contribution to [lower] CO2 emissions,” Gary Clyde Hufbauer, a veteran trade expert at the Peterson Institute for International Economics, says.[...]
Realistically, Helveston argues, BYD might not sell something like the Seagull in the US because it’s smaller than most cars Americans buy. They’d probably build plants in the US instead, or its free-trade zone partners Canada and Mexico, to build vehicles tailored for Americans. “If you’re going to really enter a market, you have to make it locally,” Helveston explains. “US automakers like GM sell and make millions of cars in China to sell in China.” BYD would do the same. Indeed, it’s already reportedly scouting sites for factories in Mexico.
If they ever were to set up shop in North America, BYD and other Chinese car companies would still have a major price advantage versus American EVs. They have years more experience and a much more successful track record of building batteries and EVs at low cost.
“Part of why they’re so successful is they’ve been thinking outside the box on cost reduction for a long time,” Mazzocco says. They took the “opposite of the Tesla approach”: starting not with luxury vehicles but ultra-cheap cars fit for taxi fleets and not much else, and constantly improving their early inexpensive prototypes. The result is that Chinese firms have gotten extremely good at making inexpensive EVs, at a time when Ford, by contrast, lost $28,000 for every EV it sold in 2023.[...]
“If you have more affordable EVs in the United States, no matter where you come from,” Gopal says, “that’s better for the climate.”
Still, the Biden administration reportedly wants to restrict Chinese car companies’ access to the US even if they do set up shop in North America. Bloomberg reported earlier this month that the Biden administration is formulating rules that would limit US sales of Chinese-made parts, even if they’re in vehicles ultimately assembled in the US or Mexico.[...]
But the Biden administration’s objections to Chinese EVs are also ideological. The Biden administration represents the victory of a protectionist, trade-skeptical wing of the Democratic party that was relegated to the sidelines during the Clinton and Obama years.[...]
[O]ver 90 percent of American households have a car, and surging car prices were a huge contributor to the 2021–2023 rise in inflation.
Barriers to importing cheap cars make inflation worse and reduce the real incomes of the middle class.
Not only are the administration and other left-leaning institutions opposed to Chinese EVs, but hardline conservatives at places like the Heritage Foundation are calling for outright bans on Chinese EVs as well. Their rationale is security, another theme the Biden administration evokes often. On Thursday, the Commerce Department announced it was beginning a process to “investigate the national security risks of … PRC-manufactured technology in [internet-connected] vehicles.”
6 Mar 24
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A taxonomy of corporate bullshit
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Next Tuesday (Oct 31) at 10hPT, the Internet Archive is livestreaming my presentation on my recent book, The Internet Con.
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There are six lies that corporations have told since time immemorial, and Nick Hanauer, Joan Walsh and Donald Cohen's new book Corporate Bullsht: Exposing the Lies and Half-Truths That Protect Profit, Power, and Wealth in America* provides an essential taxonomy of this dirty six:
https://thenewpress.com/books/corporate-bullsht
In his review for The American Prospect, David Dayen summarizes how these six lies "offer a civic-minded, reasonable-sounding justification for positions that in fact are motivated entirely by self-interest":
https://prospect.org/culture/books/2023-10-27-lies-my-corporation-told-me-hanauer-walsh-cohen-review/
I. Pure denial
As far back as the slave trade, corporate apologists and mouthpieces have led by asserting that true things are false, and vice-versa. In 1837, John Calhoun asserted that "Never before has the black race of Central Africa, from the dawn of history to the present day, attained a condition so civilized and so improved, not only physically, but morally and intellectually." George Fitzhugh called enslaved Africans in America "the freest people in the world."
This tactic never went away. Children sent to work in factories are "perfectly happy." Polluted water is "purer than the water that came from the river before we used it." Poor families "don't really exist." Pesticides don't lead to "illness or death." Climate change is "beneficial." Lead "helps guard your health."
II. Markets can solve problems, governments can't
Alan Greenspan made a career out of blithely asserting that markets self-correct. It was only after the world economy imploded in 2008 that he admitted that his doctrine had a "flaw":
https://www.pbs.org/newshour/show/greenspan-admits-flaw-to-congress-predicts-more-economic-problems
No matter how serious a problem is, the market will fix it. In 1973, the US Chamber of Commerce railed against safety regulations, because "safety is good business," and could be left to the market. If unsafe products persist in the market, it's because consumers choose to trade safety off "for a lower price tag" (Chamber spox Laurence Kraus). Racism can't be corrected with anti-discrimination laws. It's only when "the market" realizes that racism is bad for business that it will finally be abolished.
III. Consumers and workers are to blame
In 1946, the National Coal Association blamed rampant deaths and maimings in the country's coal-mines on "carelessness on the part of men." In 2003, the National Restaurant Association sang the same tune, condemning nutritional labels because "there are not good or bad foods. There are good and bad diets." Reagan's interior secretary Donald Hodel counseled personal responsibility to address a thinning ozone layer: "people who don’t stand out in the sun—it doesn’t affect them."
IV. Government cures are always worse than the disease
Lee Iacocca called 1970's Clean Air Act "a threat to the entire American economy and to every person in America." Every labor and consumer protection before and since has been damned as a plague on American jobs and prosperity. The incentive to work can't survive Social Security, welfare or unemployment insurance. Minimum wages kill jobs, etc etc.
V. Helping people only hurts them
Medicare will "destroy private initiative for our aged to protect themselves with insurance" (Republican Senator Milward Simpson, 1965). Covid relief is unfair to people that are currently in the workforce" (Republican Governor Brian Kemp, 2021). Welfare produces "learned helplessness."
VI. Everyone who disagrees with me is a socialist
Grover Cleveland's 2% on top incomes is "communistic warfare against rights of property" (NY Tribune, 1895). "Socialized medicine" will leave "our children and our children’s children [asking] what it once was like in America when men were free" (Reagan, 1961).
Everything is "socialism": anti-child labor laws, Social Security, minimum wages, family and medical leave. Even fascism is socialism! In 1938, the National Association of Manufacturers called labor rights "communism, bolshevism, fascism, and Nazism."
As Dayen says, it's refreshing to see how the right hasn't had an original idea in 150 years, and simply relies on repeating the same nonsense with minor updates. Right wing ideological innovation consists of finding new ways to say, "actually, your boss is right."
The left's great curse is object permanence: the ability to remember things, like the fact that it used to be possible for a worker to support a family of five on a single income, or that the economy once experienced decades of growth with a 90%+ top rate of income tax (other things the left manages to remember: the "intelligence community" are sociopathic monsters, not Trump-slaying heroes).
When the business lobby rails against long-overdue antitrust action against Amazon and Google, object permanence puts it all in perspective. The talking points about this being job-destroying socialism are the same warmed-over nonsense used to defend rail-barons and Rockefeller. "If you don't like it, shop elsewhere," has been the corporate apologist's line since slavery times.
As Dayen says, Corporate Bullshit is a "reference book for conservative debating points, in an attempt to rob them of their rhetorical power." It will be out on Halloween:
https://bookshop.org/a/54985/9781620977514
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/10/27/six-sells/#youre-holding-it-wrong
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kcclasses1234 · 3 months
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Understanding the Differences between CA, CS, and CMA
In the realm of commerce, there exists a myriad of professional courses that open doors to lucrative career opportunities and prestigious designations. Among the most sought-after are Chartered Accountancy (CA), Company Secretary (CS), and Cost and Management Accountancy (CMA). However, navigating through the nuances of these courses can be challenging for aspiring students. To shed light on the subject, let’s explore differences between CA, CS, and CMA with the guidance of Kisalay Commerce Classes.
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Chartered Accountancy (CA):
CA is a professional accounting qualification offered by the Institute of Chartered Accountants of India (ICAI).
It primarily focuses on accounting, auditing, taxation, financial management, and business laws.
CA professionals are authorized to audit financial statements, provide tax advice, and offer financial consultancy services.
Visit us : Best CA Coaching Classes in Prayagraj
The CA course consists of three levels: Foundation, Intermediate, and Final, along with practical training known as Articleship.
It is renowned for its rigorous curriculum and high level of difficulty, making it one of the most prestigious qualifications in the field of finance.
Company Secretary (CS):
CS is a professional course offered by the Institute of Company Secretaries of India (ICSI).
It revolves around corporate governance, corporate laws, compliance management, and company administration.
CS professionals act as corporate governance advisors, ensuring that companies comply with legal and regulatory requirements.
The CS course comprises three stages: Foundation, Executive, and Professional, along with practical training known as Practical Training and Pre-Examination Training.
CS is ideal for individuals interested in corporate law, compliance, and corporate governance roles within organizations.
Cost and Management Accountancy (CMA):
CMA is a professional qualification offered by the Institute of Cost Accountants of India (ICAI).
It focuses on cost accounting, management accounting, financial management, strategic management, and performance management.
CMA professionals are equipped to analyze costs, manage budgets, and make strategic financial decisions to enhance organizational performance.
The CMA course consists of three stages: Foundation, Intermediate, and Final, along with practical training known as Practical Training.
CMA is well-suited for individuals interested in cost accounting, management accounting, and financial management roles across various industries.
While CA, CS, and CMA share commonalities in the field of commerce and finance, they also possess distinct characteristics and career pathways. Choosing the right course depends on individual interests, career aspirations, and aptitude. At Kisalay Commerce Classes, we understand the significance of making informed decisions about professional courses. Our expert faculty provides comprehensive guidance and counseling to students, helping them chart a course that aligns with their goals and ambitions.
Visit My Website : Kisalay Commerce classes
Whether you aspire to become a Chartered Accountant, Company Secretary, or Cost and Management Accountant, Kisalay Commerce Classes equips you with the knowledge, skills, and resources needed to excel in your chosen profession. With our personalized approach to coaching and commitment to excellence, we empower students to embark on a journey towards a successful and fulfilling career in commerce.
In conclusion, CA, CS, and CMA offer unique opportunities for professional growth and advancement in the field of commerce. By understanding the differences between these courses and seeking guidance from experts at Kisalay Commerce Classes, students can make informed decisions that pave the way for a bright and prosperous future.
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bharatlivenewsmedia · 2 years
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Trump’s commerce secretary plots £700m merger with UK’s Atom Bank
Trump’s commerce secretary plots £700m merger with UK’s Atom Bank
Trump’s commerce secretary plots £700m merger with UK’s Atom Bank A senior figure in Donald Trump’s Cabinet is plotting a £700m deal that would see one of Britain’s biggest digital-only banks being listed on the US stock market. A senior figure in Donald Trump’s Cabinet is plotting a £700m deal that would see one of Britain’s biggest digital-only banks being listed on the US stock market. Go to…
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amalgamasreal · 1 year
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So I don't know how people on this app feel about the shit-house that is TikTok but in the US right now the ban they're trying to implement on it is a complete red herring and it needs to be stopped.
They are quite literally trying to implement Patriot Act 2.0 with the RESTRICT Act and using TikTok and China to scare the American public into buying into it wholesale when this shit will change the face of the internet. Here are some excerpts from what the bill would cover on the Infrastructure side:
SEC. 5. Considerations.
(a) Priority information and communications technology areas.—In carrying out sections 3 and 4, the Secretary shall prioritize evaluation of— (1) information and communications technology products or services used by a party to a covered transaction in a sector designated as critical infrastructure in Policy Directive 21 (February 12, 2013; relating to critical infrastructure security and resilience);
(2) software, hardware, or any other product or service integral to telecommunications products and services, including— (A) wireless local area networks;
(B) mobile networks;
(C) satellite payloads;
(D) satellite operations and control;
(E) cable access points;
(F) wireline access points;
(G) core networking systems;
(H) long-, short-, and back-haul networks; or
(I) edge computer platforms;
(3) any software, hardware, or any other product or service integral to data hosting or computing service that uses, processes, or retains, or is expected to use, process, or retain, sensitive personal data with respect to greater than 1,000,000 persons in the United States at any point during the year period preceding the date on which the covered transaction is referred to the Secretary for review or the Secretary initiates review of the covered transaction, including— (A) internet hosting services;
(B) cloud-based or distributed computing and data storage;
(C) machine learning, predictive analytics, and data science products and services, including those involving the provision of services to assist a party utilize, manage, or maintain open-source software;
(D) managed services; and
(E) content delivery services;
(4) internet- or network-enabled sensors, webcams, end-point surveillance or monitoring devices, modems and home networking devices if greater than 1,000,000 units have been sold to persons in the United States at any point during the year period preceding the date on which the covered transaction is referred to the Secretary for review or the Secretary initiates review of the covered transaction;
(5) unmanned vehicles, including drones and other aerials systems, autonomous or semi-autonomous vehicles, or any other product or service integral to the provision, maintenance, or management of such products or services;
(6) software designed or used primarily for connecting with and communicating via the internet that is in use by greater than 1,000,000 persons in the United States at any point during the year period preceding the date on which the covered transaction is referred to the Secretary for review or the Secretary initiates review of the covered transaction, including— (A) desktop applications;
(B) mobile applications;
(C) gaming applications;
(D) payment applications; or
(E) web-based applications; or
(7) information and communications technology products and services integral to— (A) artificial intelligence and machine learning;
(B) quantum key distribution;
(C) quantum communications;
(D) quantum computing;
(E) post-quantum cryptography;
(F) autonomous systems;
(G) advanced robotics;
(H) biotechnology;
(I) synthetic biology;
(J) computational biology; and
(K) e-commerce technology and services, including any electronic techniques for accomplishing business transactions, online retail, internet-enabled logistics, internet-enabled payment technology, and online marketplaces.
(b) Considerations relating to undue and unacceptable risks.—In determining whether a covered transaction poses an undue or unacceptable risk under section 3(a) or 4(a), the Secretary— (1) shall, as the Secretary determines appropriate and in consultation with appropriate agency heads, consider, where available— (A) any removal or exclusion order issued by the Secretary of Homeland Security, the Secretary of Defense, or the Director of National Intelligence pursuant to recommendations of the Federal Acquisition Security Council pursuant to section 1323 of title 41, United States Code;
(B) any order or license revocation issued by the Federal Communications Commission with respect to a transacting party, or any consent decree imposed by the Federal Trade Commission with respect to a transacting party;
(C) any relevant provision of the Defense Federal Acquisition Regulation and the Federal Acquisition Regulation, and the respective supplements to those regulations;
(D) any actual or potential threats to the execution of a national critical function identified by the Director of the Cybersecurity and Infrastructure Security Agency;
(E) the nature, degree, and likelihood of consequence to the public and private sectors of the United States that would occur if vulnerabilities of the information and communications technologies services supply chain were to be exploited; and
(F) any other source of information that the Secretary determines appropriate; and
(2) may consider, where available, any relevant threat assessment or report prepared by the Director of National Intelligence completed or conducted at the request of the Secretary.
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Look at that, does that look like it just covers the one app? NO! This would cover EVERYTHING that so much as LOOKS at the internet from the point this bill goes live.
It gets worse though, you wanna see what the penalties are?
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(b) Civil penalties.—The Secretary may impose the following civil penalties on a person for each violation by that person of this Act or any regulation, order, direction, mitigation measure, prohibition, or other authorization issued under this Act: (1) A fine of not more than $250,000 or an amount that is twice the value of the transaction that is the basis of the violation with respect to which the penalty is imposed, whichever is greater. (2) Revocation of any mitigation measure or authorization issued under this Act to the person. (c) Criminal penalties.— (1) IN GENERAL.—A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of an unlawful act described in subsection (a) shall, upon conviction, be fined not more than $1,000,000, or if a natural person, may be imprisoned for not more than 20 years, or both. (2) CIVIL FORFEITURE.— (A) FORFEITURE.— (i) IN GENERAL.—Any property, real or personal, tangible or intangible, used or intended to be used, in any manner, to commit or facilitate a violation or attempted violation described in paragraph (1) shall be subject to forfeiture to the United States. (ii) PROCEEDS.—Any property, real or personal, tangible or intangible, constituting or traceable to the gross proceeds taken, obtained, or retained, in connection with or as a result of a violation or attempted violation described in paragraph (1) shall be subject to forfeiture to the United States. (B) PROCEDURE.—Seizures and forfeitures under this subsection shall be governed by the provisions of chapter 46 of title 18, United States Code, relating to civil forfeitures, except that such duties as are imposed on the Secretary of Treasury under the customs laws described in section 981(d) of title 18, United States Code, shall be performed by such officers, agents, and other persons as may be designated for that purpose by the Secretary of Homeland Security or the Attorney General. (3) CRIMINAL FORFEITURE.— (A) FORFEITURE.—Any person who is convicted under paragraph (1) shall, in addition to any other penalty, forfeit to the United States— (i) any property, real or personal, tangible or intangible, used or intended to be used, in any manner, to commit or facilitate the violation or attempted violation of paragraph (1); and (ii) any property, real or personal, tangible or intangible, constituting or traceable to the gross proceeds taken, obtained, or retained, in connection with or as a result of the violation. (B) PROCEDURE.—The criminal forfeiture of property under this paragraph, including any seizure and disposition of the property, and any related judicial proceeding, shall be governed by the provisions of section 413 of the Controlled Substances Act (21 U.S.C. 853), except subsections (a) and (d) of that section.
You read that right, you could be fined up to A MILLION FUCKING DOLLARS for knowingly violating the restrict act, so all those people telling you to "just use a VPN" to keep using TikTok? Guess what? That falls under the criminal guidelines of this bill and they're giving you some horrible fucking advice.
Also, VPN's as a whole, if this bill passes, will take a goddamn nose dive in this country because they are another thing that will be covered in this bill.
They chose the perfect name for it, RESTRICT, because that's what it's going to do to our freedoms in this so called "land of the free".
Please, if you are a United States citizen of voting age reach out to your legislature and tell them you do not want this to pass and you will vote against them in the next primary if it does. This is a make or break moment for you if you're younger. Do not allow your generation to suffer a second Patriot Act like those of us that unfortunately allowed for the first one to happen.
And if you support this, I can only assume you're delusional or a paid shill, either way I hope you rot in whatever hell you believe in.
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reality-detective · 3 months
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🚨🤯 This NEW LAW gives the government access to all the data on our devices, including cell phones, smart watches, smart cars/tvs, anything "Smart" even alarm clocks, Ring and home security apps.
It would be a crime to use a privacy device, and if you use a VPN, you could get 20 years in prison and a million-dollar fine on the say-so of the Secretary of Commerce. The bill would remove the right to privacy for all internet users, and the government could freely review, prosecute, and take possession of personal information without permission.
The Restrict Act (S. 686) is a government bill that would allow the federal government to review and prohibit certain transactions between persons in the United States and foreign adversaries, including any acquisition, importation, transfer, installation, dealing in, or use of any information and communications technology product or service. The bill is vague and gives the Secretary of Commerce the power to decide if a transaction involves a foreign adversary, without any input from Congress. This could lead to the government silencing free speech with little effort.
A corrupt government could use this bill to control the population and remove freedom by accessing personal information, silencing free speech, and punishing those who use privacy devices or VPNs. The bill would give the government authority over all forms of communication domestic or abroad and grants powers to "enforce any mitigation measure to address any risk" to national security now and in any "potential future transaction."
Politian's Responsible (remember the names, they are enemies of the people): Mr. Warner (for himself, Mr. Thune, Ms. Baldwin, Mrs. Fischer, Mr. Manchin, Mr. Moran, Mr. Bennet, Mr. Sullivan, Mrs. Gillibrand, Ms. Collins, Mr. Heinrich, Mr. Romney, and Mrs. Capito. 🤔
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