Private Security Services
Commercial spaces re-open vistas for security service firms: CRISIL
Private security players' key service offerings include manned guarding, cash management services, and allied services such as electronic security services
 "Commercial spaces re-open vistas for security service firms: CRISIL")
3,000 CISF posts at airports abolished; pvt security guards inducted
The government has abolished more than 3,000 CISF posts as part of a major security architecture overhaul at Indian airports under which non-sensitive duties will be rendered by private security personnel aided by smart technology tools for surveillance and protection, officials said. A 2018-19 action plan, jointly initiated by the Union ministries of civil aviation and home along with their field offices of the Bureau of Civil Aviation Security (BCAS) and the Central Industrial Security Force (CISF), respectively, is now being implemented across 50 civil airports. The blueprint prepared by BCAS, the aviation security regulator, abolishes a total of 3,049 CISF aviation security posts to be replaced by 1,924 private security personnel and a parallel introduction of smart surveillance technology like CCTV cameras and baggage scanners. "The new security architecture not only leads to generation of more than 1,900 jobs in the aviation sector, it also gives manpower boost for CISF to mee
 "3,000 CISF posts at airports abolished; pvt security guards inducted")
CAPSI writes to PM, seeks service tax exemption on pvt security services
The circumstances arose out of the factor that government internal security infrastructure is not adequate
 "CAPSI writes to PM, seeks service tax exemption on pvt security services")
Flush with funds, home security tech startup MyGate goes on expansion spree
The company has forayed into Gujarat where it is aiming to secure 150,000 homes
 "Flush with funds, home security tech startup MyGate goes on expansion spree")
Govt plans to introduce a 'One Nation, One Pay Day' system, says Gangwar
Gangwar mentioned that since taking the office in 2014, Modi government has consistently worked on reforming labour laws
 "Govt plans to introduce a 'One Nation, One Pay Day' system, says Gangwar")
Govt plans to frame new rules to regulate private security agencies
Due to the expansion of economic activities, the sector is growing at a very fast rate and as per an estimate, it employs 90 lakh people
 "Govt plans to frame new rules to regulate private security agencies")
Growth opportunity key trigger for SIS
Opportunities in securities segment remain strong given increasing crime rate, under-staffed police
 "Growth opportunity key trigger for SIS")
