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The central bureau of investigation (<keyword id="6354572" type="ORGANIZATION" weightage="100" keywordseo="CBI">CBI</keyword>) raided the premises of another chit fund company, <keyword id="2459149" type="UNKNOWN" weightage="100" keywordseo="Midas-Touch-Assets-and-Securities-Limited">Midas Touch Assets and Securities Limited</keyword>. The CBI raided Midas Touch's head office in Bhubaneswar and branch offices at other places in the state. 
 
Last week, the investigating agency had raided the offices of Nava Diganta Capital Services Limited. The company is accused of duping hundreds of investors in Odisha. 
 
Midas Touch started its operations in 2009 and collected money from investors in Angul, Puri, Bhubaneswar, Dhenkanal and Baripada. 
 
CBI sleuths could not lay their hands on the company's managing director Soubhagya Kumar Samal, who is on the run. His parental house in Jajpur was also raided. 
 
“The flat was found locked with several bank notices pasted on the door. Samal had failed to repay the loan availed from a bank to purchase it. Raids are being conducted to know his whereabouts," said a CBI officer. 
 
"Samal fled without paying the house rent of Rs 3 lakh. He had taken the house on rent in 2009. A few days ago, I learnt that he had fooled investors by claiming that the building was his," said Piyush Prasad Prusty, the owner.

CBI Raids Another Company In Chit Fund Scam

<div class="KonaFilter image-container float_right"><div class="image on-image">AP</div></div>Secretary Treasury <keyword id="263541" type="PERSON" weightage="60" keywordseo="Jack-Lew">Jack Lew</keyword> heads to Congress to explain what breaching the <keyword id="648838" type="UNKNOWN" weightage="60" keywordseo="debt-ceiling">debt ceiling</keyword> means.
In his prepared remarks, he warned that the biggest risk to U.S. growth is a "manufactured crisis" like this one.
Social Security payments would be threatened he added.
When the U.S. hits the debt ceiling, it will no longer be able to borrow money by issuing Treasury bonds. This means the government would quickly run out of cash as it pays its obligations.
Some have suggested the government would have to prioritize payments as cash levels fall.
However, Lew warned that there would be "irrevocable damage" from prioritizing payments.
<a href="http://www.businessinsider.com/jack-lew-testifies-on-debt-ceiling-2013-10">More to come...</a>

JACK LEW: The Debt Limit Is Threatens Social Security Payments

<a href="http://www.businessinsider.com/insiderpicks" target="_blank" rel="noopener">Insider Picks</a> writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective.<a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-IQ-Indoor-Security-Camera%2F385545654" target="_blank" rel="noopener"><div class="KonaFilter image-container display-table"><div><div class="image on-image">Nest</div></div></div></a><ul class="summary-list"><li>Nest's smart security products are well-made and super smart, thanks to Google Assistant integration and high-resolution video. </li><li>Generally, Nest's security cameras are pretty reasonably priced for what they offer, but for a limited time, they're even more affordable, thanks to deals at <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-nest-cam-iq-indoor-full-hd-wi-fi-home-security-camera-white%2F5901306.p%3FskuId%3D5901306" target="_blank" rel="noopener">Best Buy</a> and <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-IQ-Indoor-Security-Camera%2F385545654" target="_blank" rel="noopener">Walmart</a>.</li><li>You save $30 on the <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-Indoor-Security-Camera-Works-with-Google%2F45806610" target="_blank" rel="noopener">Nest Cam Indoor</a> and the <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Hello-Smart-Wi-Fi-Video-Doorbell%2F381881630" target="_blank" rel="noopener">Nest Hello smart doorbell cam</a> or get a $50 discount on the <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-IQ-Indoor-Security-Camera%2F385545654" target="_blank" rel="noopener">Nest Cam IQ</a>.</li><li>We're not sure how long the deals will last, so it's worth acting quickly if you want a great security camera.</li></ul>Looking for a way to make your home a whole lot smarter? Nest's products are a great way to do so. Nest may be best known for its Learning Thermostat, but it also makes some great smart security products, and for a limited time, a number of those smart security cameras are getting some pretty major discounts at Best Buy and Walmart.First up is the Nest Cam IQ, which is arguably the smartest security camera out there. The camera boasts a high-resolution video with features like face recognition. It can alert you to any movement in your home - even at night - and it has Google Assistant built right into it. That essentially means that you can talk to Assistant through the camera itself. You can get the single camera for $50 off from <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-nest-cam-iq-indoor-full-hd-wi-fi-home-security-camera-white%2F5901306.p%3FskuId%3D5901306" target="_blank" rel="noopener">Best Buy</a> or <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-IQ-Indoor-Security-Camera%2F385545654" target="_blank" rel="noopener">Walmart</a>.Perhaps you don't need a security camera that's as smart as the Cam IQ, in which case, you could simply go for the Nest Cam Indoor. This camera may not have Google Assistant built into it, but it still offers a decent resolution and a slightly more subtle design. The standard Nest Cam is now $30 off at <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-cam-indoor-security-camera-black%2F6473147.p%3FskuId%3D6473147" target="_blank" rel="noopener">Best Buy</a> and <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-Indoor-Security-Camera-Works-with-Google%2F45806610" target="_blank" rel="noopener">Walmart</a>.You might want good security outside your home, too, in which case, it's worth considering the Nest Hello smart doorbell. The camera has a high resolution and when someone presses the button you'll get a notification straight on your phone, after which you can talk to whoever is at the door quickly and easily. You can get the Nest Hello smart doorbell at <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-hello-smart-wi-fi-video-doorbell%2F6172796.p%3FskuId%3D6172796" target="_blank" rel="noopener">Best Buy</a> and <a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Hello-Smart-Wi-Fi-Video-Doorbell%2F381881630" target="_blank" rel="noopener">Walmart</a> for $30 off.We don't know how long these deals will last, so if you're interested, you may want to pick one of the security cameras up now.<h3><a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-nest-cam-iq-indoor-full-hd-wi-fi-home-security-camera-white%2F5901306.p%3FskuId%3D5901306" target="_blank" rel="noopener">Buy the Nest Cam IQ at Best Buy for $249.99 (originally $299.99)</a> [You save $50] </h3><h3><a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-IQ-Indoor-Security-Camera%2F385545654" target="_blank" rel="noopener">Buy the Nest Cam IQ at Walmart for $249 (originally $299)</a> [You save $50]</h3><h3><a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-cam-indoor-security-camera-black%2F6473147.p%3FskuId%3D6473147" target="_blank" rel="noopener">Buy the Nest Cam Indoor at Best Buy for $169.99 (originally $199.99)</a> [You save $30]</h3><h3><a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Cam-Indoor-Security-Camera-Works-with-Google%2F45806610" target="_blank" rel="noopener">Buy the Nest Cam Indoor at Walmart for $169 (originally $199)</a> [You save $30]</h3><h3><a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Fnest-hello-smart-wi-fi-video-doorbell%2F6172796.p%3FskuId%3D6172796" target="_blank" rel="noopener">Buy the Nest Hello Smart Doorbell at Best Buy for $199.99 (originally $229.99)</a> [You save $30]</h3><h3><a href="http://linksynergy.walmart.com/deeplink?id=EHFxW6yx8Uo&amp;mid=2149&amp;murl=https%3A%2F%2Fwww.walmart.com%2Fip%2FNest-Hello-Smart-Wi-Fi-Video-Doorbell%2F381881630" target="_blank" rel="noopener">Buy the Nest Hello Smart Doorbell at Walmart for $199 (originally $229)</a> [You save $30]</h3><a href="http://e.businessinsider.com/join/ci/insider-picks">Subscribe to our newsletter.</a> Find all the best offers at our <a href="https://coupons.businessinsider.com/">Coupons page</a>. Disclosure: This post is brought to you by the <a href="http://www.businessinsider.com/insiderpicks">Insider Picks</a> team. We highlight products and services you might find interesting. If you buy them, we get a small share of the revenue from the sale from our commerce partners. We frequently receive products free of charge from manufacturers to test. This does not drive our decision as to whether or not a product is featured or recommended. We operate independently from our advertising sales team. We welcome your feedback. Email us at insiderpicks@businessinsider.com.

Best Buy and Walmart are discounting Nest smart security cameras by up to $50 for a limited time

<a href="https://www.businessinsider.com/insiderpicks" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.businessinsider.com/insiderpicks&amp;source=gmail&amp;ust=1551904003606000&amp;usg=AFQjCNGicoaJ_dTNpkDbIWqxa6BV9RjxNw">Insider Picks</a> writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective.<div class="KonaFilter image-container display-table"><div><div class="image on-image"><a href="https://www.amazon.com/gp/product/B07B8648WM/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B07B8648WM&amp;linkId=f7537418ccb8f039db6252561e413c78" target="_blank" rel="noopener"></a>Amazon</div></div></div><ul class="summary-list"><li style="font-weight: 400;">The <a href="https://www.amazon.com/gp/product/B075P84FH2/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B075P84FH2&amp;linkId=363df22a93559f99cc4463f128108ac6" target="_blank" rel="noopener">Arlo Pro 2</a> is a high-quality security camera that can record footage at up to 1080p and offers great features like night vision and two-way audio.</li><li style="font-weight: 400;">You can get save up to $300 on Arlo Pro 2 camera bundles that come with your choice of either <a href="https://www.amazon.com/gp/product/B075P84FH2/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B075P84FH2&amp;linkId=363df22a93559f99cc4463f128108ac6" target="_blank" rel="noopener">two cameras</a>, <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;u1=biip_051419_arlo-pro-2-deal&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Farlo-pro-2-indoor-outdoor-1080p-wi-fi-wire-free-security-camera-2-pack-with-audio-doorbell%2F6293639.p%3FskuId%3D6293639" target="_blank" rel="noopener">two cameras and a doorbell</a>, or <a href="https://www.amazon.com/gp/product/B07B8648WM/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B07B8648WM&amp;linkId=f7537418ccb8f039db6252561e413c78" target="_blank" rel="noopener">six cameras</a>.</li><li style="font-weight: 400;">The discounts are available at <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;u1=biip_051419_arlo-pro-2-deal&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Farlo-pro-2-6-camera-indoor-outdoor-wireless-1080p-security-camera-system-white%2F6201812.p%3FskuId%3D6201812" target="_blank" rel="noopener">Best Buy</a> and <a href="https://www.amazon.com/gp/product/B07B8648WM/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B07B8648WM&amp;linkId=f7537418ccb8f039db6252561e413c78" target="_blank" rel="noopener">Amazon</a> for a limited time.</li></ul>Arlo has been one of the most-loved smart security camera companies over the past few years, and for good reason - its cameras are well-designed, easy to use, and capture high-quality video footage. And now, for a limited time, you can get Arlo security cameras for a hugely discounted price at Best Buy and Amazon.There a few different <a href="https://www.amazon.com/gp/product/B075P84FH2/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B075P84FH2&amp;linkId=363df22a93559f99cc4463f128108ac6" target="_blank" rel="noopener">Arlo Pro 2 security camera bundles</a> on sale, including a set with <a href="https://www.amazon.com/gp/product/B075P84FH2/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B075P84FH2&amp;linkId=363df22a93559f99cc4463f128108ac6" target="_blank" rel="noopener">two security cameras</a>, a set with <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;u1=biip_051419_arlo-pro-2-deal&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Farlo-pro-2-indoor-outdoor-1080p-wi-fi-wire-free-security-camera-2-pack-with-audio-doorbell%2F6293639.p%3FskuId%3D6293639" target="_blank" rel="noopener">two cameras and a smart doorbell</a>, and one with <a href="https://www.amazon.com/gp/product/B07B8648WM/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B07B8648WM&amp;linkId=f7537418ccb8f039db6252561e413c78" target="_blank" rel="noopener">six cameras</a>. You can save up to $300 on the security cameras, depending on which kit you buy. If you have a large home and you want to cover a number of different rooms with security cameras, this is a great time to buy.The <a href="https://www.amazon.com/gp/product/B075P84FH2/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B075P84FH2&amp;linkId=363df22a93559f99cc4463f128108ac6" target="_blank" rel="noopener">Arlo Pro 2</a> wireless security cameras capture 1080p footage both indoors and outdoors, so you can use them just about anywhere. The cameras have a simple white design, so they should blend in with most home decor.Arlo's cameras also offer two-way audio, a rechargeable battery, night vision, and smart home support. The cameras currently work with Amazon's Alexa and the Google Assistant, though expanded support is expected later in the year. One of the best things about the Arlo security system is that the cameras communicate with a hub, which helps add a number of features. Sure, the hub is an extra thing you have to set up, but you can use it to store past footage, plus Arlo periodically updates the hub's firmware to bring new improvements to the security system.We don't know how long these deals will last, so if you're looking to outfit your home with security cameras, now's the time to do it.<h3><a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;u1=biip_051419_arlo-pro-2-deal&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Farlo-pro-2-2-camera-indoor-outdoor-wireless-1080p-security-camera-system-white%2F6085429.p%3FskuId%3D6085429" target="_blank" rel="noopener">Buy the Arlo Pro 2 with 2 cameras from Best Buy, $329.99 (originally $449.99)</a> [You save $120]</h3><h3><a href="https://www.amazon.com/gp/product/B075P84FH2/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B075P84FH2&amp;linkId=363df22a93559f99cc4463f128108ac6" target="_blank" rel="noopener">Buy the Arlo Pro 2 with 2 cameras from Amazon, $317.09 (originally $479.99)</a> [You save $162.90]</h3><h3><a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;u1=biip_051419_arlo-pro-2-deal&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Farlo-pro-2-indoor-outdoor-1080p-wi-fi-wire-free-security-camera-2-pack-with-audio-doorbell%2F6293639.p%3FskuId%3D6293639" target="_blank" rel="noopener">Buy the Arlo Pro 2 with 2 cameras and a smart doorbell from Best Buy, $349.99 (originally $499.99)</a> [You save $150]</h3><h3><a href="https://www.amazon.com/gp/product/B07B8648WM/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B07B8648WM&amp;linkId=f7537418ccb8f039db6252561e413c78" target="_blank" rel="noopener">Buy the Arlo Pro 2 with 6 cameras</a> from <a href="https://click.linksynergy.com/deeplink?id=EHFxW6yx8Uo&amp;mid=38606&amp;u1=biip_051419_arlo-pro-2-deal&amp;murl=https%3A%2F%2Fwww.bestbuy.com%2Fsite%2Farlo-pro-2-6-camera-indoor-outdoor-wireless-1080p-security-camera-system-white%2F6201812.p%3FskuId%3D6201812" target="_blank" rel="noopener">Best Buy</a> and <a href="https://www.amazon.com/gp/product/B07B8648WM/ref=as_li_tl?ie=UTF8&amp;tag=biip_051419_arlo-pro-2-deal-20&amp;camp=1789&amp;creative=9325&amp;linkCode=as2&amp;creativeASIN=B07B8648WM&amp;linkId=f7537418ccb8f039db6252561e413c78" target="_blank" rel="noopener">Amazon</a>, $799.99 (originally $1,099.99) [You save $300]</h3><a href="http://e.businessinsider.com/join/ci/insider-picks">Subscribe to our newsletter.</a> Find all the best offers at our <a href="https://coupons.businessinsider.com/">Coupons page</a>. Disclosure: This post is brought to you by the <a href="http://www.businessinsider.com/insiderpicks">Insider Picks</a> team. We highlight products and services you might find interesting. If you buy them, we get a small share of the revenue from the sale from our commerce partners. We frequently receive products free of charge from manufacturers to test. This does not drive our decision as to whether or not a product is featured or recommended. We operate independently from our advertising sales team. We welcome your feedback. Email us at insiderpicks@businessinsider.com.

Arlo's home security cameras are up to $300 off at Best Buy and Amazon for a limited time

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Thomson ReutersBurr, McCain and Ayotte hold a news conference to talk about new legislation to restrict prisoner transfers from the detention center at Guantanamo Bay, at the U.S. Capitol in Washington</div></div></div>One of the big upcoming battles for the tech industry is whether Congress will pass a law limiting the ability to build strong privacy measures into products like Facebook's WhatsApp or Apple's iPhone and iMessage.<a href="http://www.businessinsider.com/china-asked-apple-for-its-source-code-within-the-past-two-years-2016-4">While the House holds preliminary hearings,</a> the Senate is further along, with Senators Richard Burr and Dianne Feinstein, both on the Senate Intelligence Committee, presenting <a href="http://www.businessinsider.com/us-senators-burr-feinstein-discussion-draft-anti-encryption-bill-2016-4?r=UK&amp;IR=T">a draft of legislation</a> that has been called "clueless and unworkable" by <a href="https://theintercept.com/2016/04/08/bill-that-would-ban-end-to-end-encryption-savaged-by-critics/">computer security experts</a>. Now the tech industry has weighed in on Feinstein-Burr, via an open letter published earlier this week endorsed by four trade associations, and they're not happy about the draft.The open letter was signed by Reform Government Surveillance, the Computer and Communications Industry Association, the Internet Infrastructure Coalition, and the Entertainment Software Association, which represent a huge amount of major tech companies, including Amazon, Google, Netflix, Microsoft, and Apple. In the letter, the trade groups point out that tech companies currently regularly respond and comply with legal processes and emergency requests for data. The also note that even if the United States passes the anti-encryption bill, companies based outside the country can continue to offer strong encryption.Here's the full text:Dear Chairman Burr and Vice-Chairman Feinstein:We write to express our deep concerns about well-intentioned but ultimately unworkable policies around encryption that would weaken the very defenses we need to protect us from people who want to cause economic and physical harm. We believe it is critical to the safety of the nation's, and the world's, information technology infrastructure for us all to avoid actions that will create government-mandated security vulnerabilities in our encryption systems.As member companies whose innovations help to drive the success and growth of the digital economy, we understand the need to protect our users' physical safety and the safety of their most private information. To serve both these interests, we adhere to two basic principles. First, we respond expeditiously to legal process and emergency requests for data from government agencies. Second, we design our systems and devices to include a variety of network- and device-based features, including but not limited to strong encryption. We do these things to protect users' digital security in the face of threats from both criminals and governments.Any mandatory decryption requirement, such as that included in the discussion draft of the bill that you authored, will to lead to unintended consequences. The effect of such a requirement will force companies to prioritize government access over other considerations, including digital security. As a result, when designing products or services, technology companies could be forced to make decisions that would create opportunities for exploitation by bad actors seeking to harm our customers and whom we all want to stop. The bill would force those providing digital communication and storage to ensure that digital data can be obtained in "intelligible" form by the government, pursuant to a court order. This mandate would mean that when a company or user has decided to use some encryption technologies, those technologies will have to be built to allow some third party to potentially have access. This access could, in turn, be exploited by bad actors.It is also important to remember that such a technological mandate fails to account for the global nature of today's technology. For example, no accessibility requirement can be limited to U.S. law enforcement; once it is required by the U.S., other governments will surely follow. In addition, the U.S. has no monopoly on these security measures. A law passed by Congress trying to restrict the use of data security measures will not prevent their use. It will only serve to push users to non-U.S. companies, in turn undermining the global competitiveness of the technology industry in the U.S. and resulting in more and more data being stored in other countries.We support making sure that law enforcement has the legal authorities, resources, and training it needs to solve crime, prevent terrorism, and protect the public. However, those things must be carefully balanced to preserve our customers' security and digital information. We are ready and willing to engage in dialogue about how to strike that balance, but remain concerned about efforts to prioritize one type of security over all others in a way that leads to unintended, negative consequences for the safety of our networks and our customers.Signed,Reform Government SurveillanceComputer &amp; Communications Industry AssociationInternet Infrastructure Coalition (I2C)The Entertainment Software Association <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/laab-architects-fit-everything-in-tiny-home-2016-4">This 309-square-foot micro apartment has a home theater, full kitchen, and even a guest bedroom</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="MyMjh1MjE6FIneU_BxvFUrWFXqIfjUkM" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Groups representing Google, Netflix, Microsoft, and Apple are slamming the latest bill that aims to limit tech security

<ul class="summary-list"><li>The UK said foreign leaders should use escorted buses to get to the Queen's funeral.</li><li>But it later rowed back, saying President Joe Biden could use his own car for his security.</li></ul>The UK said President Joe Biden will not be subject to advice that foreign leaders should travel to Queen Elizabeth II's funeral by bus.<a href="https://www.politico.eu/article/queen-elizabeth-joe-biden-king-charles-westminster-abbeyonly-heads-of-state-plus-one-to-attend-queen-elizabeths-funeral/">Politico reported</a> on Sunday that foreign leaders were asked asked to get to the UK by commercial flights, and that they would be taken to the funeral at London's Westminster by escorted shuttle buses "because of tight security and road restrictions."But Biden will be allowed to travel through London in his armored car, <a href="https://www.thetimes.co.uk/article/biden-can-bring-his-beast-but-other-dignitaries-face-taking-bus-76q2vt563?t=ie">The Times of London reported on Monday.</a>UK government sources told The Times that Biden will be allowed to take his car to the funeral for security reasons, in keeping with his travel arrangements for other visits.A spokesperson for UK Prime Minister Liz Truss said at a Monday media briefing that the travel requests were a "guidance" rather than a rule.They said: "The arrangements for leaders and how they travel will vary depending on individual circumstances.""Arrangements for different leaders will vary depending on things like security risks."The prime minister's office also said "yes" when it was asked if Biden could choose his own mode of transport to get around London, <a href="https://www.huffingtonpost.co.uk/entry/joe-biden-bus-queens-funeral_uk_631f18d9e4b0ed021df47f48">per a report by HuffPost</a>.Some other world leaders, like French President Emmanuel Macron, are also likely to take their own vehicles for security reasons, the Times reported.

UK says Biden is an exception to Queen funeral advice for world leaders to travel in buses with limited security

<ul class="summary-list"><li>This month, the Biden administration released its long-delayed National Security Strategy.</li><li>Biden has shown he's aware of the limits of American power, but that awareness is absent from the NSS.</li></ul>The Biden administration released its delayed National Security Strategy (NSS) this month.The NSS, to be followed by a National Defense Strategy and a National Military Strategy, is the first holistic strategy document from the administration since its initial Interim National Security Strategic Guidance, issued two months after the president's inauguration in January 2021.The new NSS covers a laundry list of challenges, threats, and responses in its 48 unclassified pages. This "<a href="https://carnegieendowment.org/2022/10/13/three-important-shifts-tucked-within-new-national-security-strategy-pub-88160" target="_blank" rel="noopener">Christmas tree</a>" approach is perhaps inevitable in a public-facing national security document from a superpower.In language befitting an inaugural address or a campaign debate, the NSS declares of America: "There is nothing beyond our capacity." This language could be quickly dismissed as boilerplate but for the fact that the entire NSS is suffused with an inability to accept the clear and growing limits to American power.The brief moment of post-Cold War American hyperpower is long gone, a victim of both natural power dynamics and three decades of incessant American foreign policy hubris and error. But most of the principals who signed off on the NSS were beginning their rise up the Washington national security totem pole during the blissful '90s, and the new strategy only intermittently recognizes how different the world is today.<div type="image" title="putin xi" height="1956" width="3000" msid="95083291" hostid="261" sizebytes="169166"></div>In Europe, the United States has ensured Ukrainian independence through a highly successful arming and advising campaign, but with the specter of nuclear escalation limiting America's role in the conflict. In Asia, an <a href="https://www.wsj.com/articles/war-game-finds-u-s-taiwan-can-defend-against-a-chinese-invasion-11660047804" target="_blank" rel="noopener">influential recent war game</a> found that even a successful American defense of Taiwan against China would lead to enormous losses of ships and planes.Six months before the assault on Ukraine began, the Biden administration admitted the limits of American power in another land that defeated Russian invaders: Afghanistan.Biden's final withdrawal from America's longest foreign war, against the counsel of most of his advisors, was a long-overdue admission of reality. Despite throwing <a href="https://watson.brown.edu/costsofwar/figures/2021/human-and-budgetary-costs-date-us-war-afghanistan-2001-2022#:~:text=Figures-,Human%20and%20Budgetary%20Costs%20to%20Date%20of%20the%20U.S.%20War,in%20both%20Afghanistan%20and%20Pakistan.">$2.3 trillion</a> and as many as 100,000 American troops at the problem, the US was unable to achieve more than transitory tactical success in Afghanistan, never mind reshaping Afghan society or destroying the Taliban.The <a href="https://www.politico.com/news/magazine/2021/08/16/afghanistan-history-taliban-collapse-504977">overnight Taliban victory</a>, with the insurgents taking Kabul before the US withdrawal could even be completed, was proof of how little America accomplished in its nearly 20-year intervention. Biden is clearly able to recognize limits to American power in practice, but not, somehow, in principle or on paper.The NSS was rewritten as a result of the Ukraine war, delaying its publication by months. But the war's central revelation — that Russia's military is a paper tiger, bereft of both operational competence and sufficient soldiers — also left no meaningful imprint on the document. Not since the hyperpower '90s has there been a better opportunity to return European security to Europeans.The Russian armed forces have suffered losses that may take a decade to recover from, while NATO is tighter than before and soon to be larger, with the addition of the highly capable Finnish and Swedish militaries. But the NSS instead pledges that America will "step up our own sizable contributions to NATO capabilities and readiness" while also expecting NATO allies to "continue assuming greater responsibility by increasing their spending, capabilities, and contributions."Why European allies would choose to share more of the burden of collective defense in the face of both Russian defeat and American reinforcement is unasked and unanswered.<div type="image" title="Army Asymmetric Warfare Group man-portable line charge Afghanistan" height="1689" width="2500" msid="95083294" hostid="261" sizebytes="330016"></div>Though it is buried at the bottom of a paragraph a few pages in, the new strategy does make one meaningful, belated concession: The Biden administration does not "believe that governments and societies everywhere must be remade in America's image for us to be secure."Regime change, for decades one of America's most harmful foreign policy inclinations, is officially abjured in the 2022 NSS. Somewhere in the recesses of the Kremlin, one hopes that Vladimir Putin is listening.The saving grace of the National Security Strategy may be its meaninglessness. Rightly likened by some to a party platform, assembled with all interests in mind but constraining few who matter, the NSS may be of limited consequence to the actual direction of American grand strategy.An old Washington truism instructs: "Show me your budget and I'll tell you your strategy." To date, the Biden defense budgets have been <a href="https://www.defenseone.com/policy/2022/03/bidens-773b-request-pentagon-stays-focused-china/363684/" target="_blank" rel="noopener">business as usual</a>: steadily growing, slowly modernizing, unwilling to make hard choices about service shares or regional priorities.But the recent investments in broader American production, infrastructure, and intellectual capital are real and potentially game-changing: a major, unexpected shot in the arm to <a href="https://www.cfr.org/blog/how-inflation-reduction-act-will-help-united-states-lead-clean-energy-economy">green energy</a>; an initial stab at upgrading America's <a href="https://www.cnn.com/2022/07/28/politics/rural-internet-access-biden-administration/index.html">embarrassing digital infrastructure</a>; and a critical effort to <a href="https://www.csis.org/analysis/choking-chinas-access-future-ai">strangle China's semiconductor industry</a>. Deeds matter far more than words.The Biden administration's actual emerging national security strategy could be far better than the document lets on.Gil Barndollar is a senior fellow at Defense Priorities.

Biden knows there are limits on American power, but they're nowhere to be found in his first major security strategy

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li>The Department of State is postponing an international conference on border security and export control "due to the partial US government shutdown," a spokesperson said in a statement to INSIDER.</li><li>The 16th International Export Control and Border Security Conference would have included around 270 export and border security experts from roughly 85 countries.</li><li>"In light of the very limited funding available during the lapse in appropriations, the Department will exercise judicious use of limited, remaining resources," the spokesman wrote. "Travel, hiring, contracting, public affairs, and other activities will continue to operate in a constrained manner."</li><li>The Export Control and Related Border Security Program, which is under the direction of the State Department, focuses of numerous border control systems and the prevention of weapons proliferation - including the detection and interdiction of "illicit transfers at the border."</li></ul>The Department of State is postponing an international conference on border security and export control "due to the partial US government shutdown," a spokesperson said in a statement to INSIDER."In light of the very limited funding available during the lapse in appropriations, the Department will exercise judicious use of limited, remaining resources," the spokesman wrote. "Travel, hiring, contracting, public affairs, and other activities will continue to operate in a constrained manner."The 16th International Export Control and Border Security Conference, which was scheduled for three days in February in Edinburgh, Scotland, would have included around 270 export and border security experts from roughly 85 countries.Topics that were discussed in previous conferences included "challenges and the latest developments in the multilateral nonproliferation regimes," surface-to-air missiles, smalls arms, and light weapons.The Export Control and Related Border Security Program, which is under the direction of the State Department, focuses of numerous security systems at the US border, and the prevention of weapons proliferation - including the detection and interdiction of "illicit transfers at the border," according to its <a href="https://www.state.gov/strategictrade/program/">website</a>.Kathryn Insley, the director of the Office of Export Control Cooperation, wrote in a letter dated January 16 that the event was postponed "due to uncertainty associated with" the shutdown, according to <a href="https://www.cnn.com/2019/01/22/politics/state-dept-border-security-conference-postponed/index.html">CNN</a>, who first reported on the incident.The letter was reportedly sent to at least 55 US embassies and missions that were assisting with travel plans for the conference's participants.The ongoing government shutdown, <a href="http://businessinsider.com/government-shutdown-trump-choice-between-border-wall-economy-2019-1">now on its 32nd day</a>, is the longest government shutdown in US history. President Donald Trump, who is demanding $5.7 billion in funding for a barrier on the US-Mexico border, faces opposition from a Democratic-majority House. House Majority Leader Nancy Pelosi has signaled the body will <a href="https://www.washingtonpost.com/powerpost/no-cave-trump-pelosi-vow-not-to-yield-in-government-shutdown-standoff/2019/01/22/1b6258bc-1e4b-11e9-8e21-59a09ff1e2a1_story.html?utm_term=.fdcee5c8fda4">not pass spending for the barrier</a>.The House <a href="https://www.cnbc.com/2019/01/04/house-passes-bill-to-end-government-shutdown-without-border-wall-money.html">has passed legislation</a> to open the government without border wall funding. Prior to the shutdown there were not enough votes in the Senate (it needs 60) to pass a bill with funding for the wall. As of Thursday, the <a href="https://www.reuters.com/article/us-usa-shutdown/senate-to-vote-on-ending-government-shutdown-trump-wall-impasse-idUSKCN1PG235">Senate was inching closer to a vote which could end the shutdown</a>, Reuters reported..

State Department calls off border security conference due to 'very limited funding' amid government shutdown

<ul class="summary-list"><li><keyword id="12204683" type="UNKNOWN" weightage="60" keywordseo="citadel-securities" source="Orion">Citadel Securities</keyword> rejected claims that it asked Robinhood to halt <keyword id="11937112" type="UNKNOWN" weightage="60" keywordseo="gamestop" source="Orion">GameStop</keyword> trading in January. </li><li>On <keyword id="11892744" type="UNKNOWN" weightage="60" keywordseo="twitter" source="Orion">Twitter</keyword>, the firm, founded by <keyword id="12204684" type="UNKNOWN" weightage="60" keywordseo="ken-griffin" source="Orion">Ken Griffin</keyword>, called the accusations an "absurd story."</li><li>Hashtag #KenGriffinLied trended after a lawsuit revealed discussions between <keyword id="12204682" type="UNKNOWN" weightage="60" keywordseo="citadel" source="Orion">Citadel</keyword> Securities and Robinhood.</li></ul><a href="https://www.businessinsider.com/ken-griffin-citadel-citadel-securities-gamestop-reddit-trading-wallstreetbets-2021-2">Ken Griffin's Citadel Securities</a> rejected accusations Tuesday that it pushed Robinhood to restrict trading of GameStop shares amid the record price surge in January.In a series of Twitter threads, the trading firm called accusations against it an "absurd story" from conspiracy theorists and likened them to those who refuse to believe in the moon landing."Internet conspiracies and Twitter mobs try to ignore the facts, but the fact is that Citadel Securities was the pre-eminent market maker to the retail brokerage community in January 2021," the company wrote on Twitter. On Tuesday, the hashtag #KenGriffinLied was trending on Twitter after a lawsuit revealed internal Robinhood discussions showing the brokerage communicated with Citadel Securities in the days leading up to the Jan. 28 meme-stock trading halt."These complaints attempt to create a false narrative of collusion, and we will work vigorously to continue correcting the record with the facts," a Robinhood spokesperson told Insider. "In the context of January 28, Robinhood Securities was communicating with market makers in an effort to ensure continued market access for our customers. At no point did Citadel or any other market maker pressure the business to move any securities to position-close only."Griffin, the founder of Citadel Securities, said that he and Robinhood CEO Vlad Tenev "have never texted, called or met each other." Retail investors on Twitter pushed back on Citadel Securities' tweets. One prominent investor who runs the YouTube channel Tray's Trades said, "First tweet in 9 months, and it's defending yourselves? After months and months of silence?"After Robinhood halted trading of GameStop and other meme-stock shares in January, the online brokerage faced blowback in the form of outraged <keyword id="11994572" type="UNKNOWN" weightage="60" keywordseo="retail-traders" source="Orion">retail traders</keyword>, lawsuits, and a <a href="https://www.businessinsider.com/congress-gamestop-stock-hearing-robinhood-reddit-citadel-what-happened-2021-2">Congressional hearing</a>.Regulators are also considering a ban on the payment-for-order-flow model in which brokerages such as Robinhood route customers' trades through market makers who then execute the trades and often collect on the difference between the bid and ask price. <a href="https://markets.businessinsider.com/news/stocks/robinhood-vlad-tenev-critics-target-retail-traders-gamestop-2021-9">Tenev defended the practice</a> in an op-ed for the Wall Street Journal Tuesday, saying it allows the brokerage to provide commission-free, no-minimum services to users.

Citadel Securities hits back at 'Twitter mobs' and conspiracy theorists accusing the firm of pressuring brokerages to limit GameStop trading

<ul class="summary-list"><li>Speaker McCarthy said Medicare and Social Security cuts were "off the table" as it related to debt ceiling talks.</li><li>During a Sunday interview on CBS News, McCarthy was optimistic about reaching an agreement with President Biden.</li></ul>House Speaker Kevin McCarthy on Sunday said that cuts to Medicare and Social Security were "off the table" ahead of upcoming talks with President Joe Biden over the debt ceiling.<a href="https://twitter.com/FaceTheNation/status/1619752074509434881">During an appearance</a> on the CBS program "Face the Nation," the California Republican said that while the GOP wanted spending cuts as part of a deal to raise the debt limit, they did not want to target those two specific programs."Let's take those off the table" he said. "If you read our Commitment to America, all we talk about is strengthening Medicare and Social Security. So — and I know the president says he doesn't want to look at it, but we've got to make sure we strengthen those."When host Margaret Brennan asked McCarthy if "strengthen" meant that he wanted to raise the retirement age — which is generally between 66 and 67 — he disputed that notion."No, no, no. What I'm talking about — Social Security, Medicare, you keep that to the side," he reaffirmed.McCarthy during the interview said that he wanted to come to an agreement with Democratic leaders on a budget, and said that GOP leaders would be looking at everything in assessing spending levels — including defense-related programs."I want to make sure we're protected in our defense spending, but I want to make sure it's effective and efficient," the speaker said. "I want to look at every single dollar we are spending, no matter where it is being spent. I want to eliminate waste wherever it is."The White House has repeatedly said that it would not negotiate spending cuts as it relates to the debt ceiling, but McCarthy appeared optimistic regarding a breakthrough."Now, I know his staff tries to say something different, but I think the President is going to be willing to make an agreement together," he said.The United States earlier this month hit its debt limit of roughly $31.4 trillion, but the Treasury Department is taking steps to fund the government's financial obligations through June.

House Speaker Kevin McCarthy says cuts to Medicare and Social Security will be 'off the table' in the upcoming debt limit talks

Sajjan Jindal-owned <keyword id="146214" type="General" weightage="100" keywordseo="jsw-infrastructure" source="Orion">JSW Infrastructure</keyword> has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 2,800 crore through an initial public offering (<keyword id="6354763" type="General" weightage="80" keywordseo="ipo" source="Orion">IPO</keyword>) to retire debt and support its expansion plans. JSW Infrastructure will be the third company of the <keyword id="144036" type="General" weightage="80" keywordseo="jsw-group" source="Orion">JSW Group</keyword> to be listed on the bourses after JSW Energy and JSW Steel. The ports business of the JSW Group filed the DRHP on May 9. Going by the draft papers, the IPO is purely a fresh issue of equity shares with no offer-for-sale (OFS) component, and the promoters will not be diluting their current stake through the issue. The company will use the proceeds to retire its debt as well as to fund its capacity expansion projects, as per the draft red herring prospectus (DRHP). JSW Infrastructure has an installed cargo handling capacity of 153.43 million tonnes per annum (MTPA) for multi-commodity cargo including dry bulk, break bulk, liquid bulk, gases and containers. As of December 31, 2022, JSW Infrastructure had a net debt of Rs 2,875 crore. The company had a profit after tax (PAT) of Rs 447.2 crore in October-December 2022-23 and Earnings Before Interest, <keyword id="6368033" type="General" weightage="50" keywordseo="taxes" source="Orion">Taxes</keyword>, Depreciation, and <keyword id="990685" type="General" weightage="50" keywordseo="amortisation" source="Orion">Amortisation</keyword> (EBITDA) of Rs 1,268.6 crore. JM Financial Limited, Axis Capital Limited, Credit Suisse Securities (India) Private Limited, DAM Capital Advisors Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited are the book running lead managers. The equity shares are proposed to be listed on BSE and NSE. Besides, the Sajjan Jindal-owned JSW Group is also into cement, paints, venture capital and sports. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/receiving-calls-from-international-numbers-starting-with-254-84-63-report-and-block-say-experts/articleshow/100132580.cms">Receiving calls from international numbers starting with +254, +84, +63...; report and block, say experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/ibm-partners-with-nasa-to-monitor-natural-disasters-and-climate-change-using-ai/articleshow/100132462.cms">IBM partners with NASA to monitor natural disasters and climate change using AI</a>

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CBI Raids Another Company In Chit Fund Scam

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Best Buy and Walmart are discounting Nest smart security cameras by up to $50 for a limited time

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Groups representing Google, Netflix, Microsoft, and Apple are slamming the latest bill that aims to limit tech security

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UK says Biden is an exception to Queen funeral advice for world leaders to travel in buses with limited security

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Biden knows there are limits on American power, but they're nowhere to be found in his first major security strategy

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State Department calls off border security conference due to 'very limited funding' amid government shutdown

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Citadel Securities hits back at 'Twitter mobs' and conspiracy theorists accusing the firm of pressuring brokerages to limit GameStop trading

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House Speaker Kevin McCarthy says cuts to Medicare and Social Security will be 'off the table' in the upcoming debt limit talks

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JSW Infrastructure files draft papers; eyes ₹2,800 cr via IPO

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