The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration
The catch is the need for a supportive framework in place that allows free and fair use of such technology.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
E-KYCs and Aadhaar authentication are of crucial importance to the fin-tech companies as the recent RBI instructions require strict KYCs for these players to function in the market.
Cases of atrocities on scheduled castes increased from 45,000 in 2014 to 40,800 2016. Cases of atrocities on scheduled tribes went from 11,451 in 2015 to 6,568 in 2016.
The 16-digit randomly generated number by the Aadhaar system was supposed to be introduced by the UIDAI on March 1 and mandatorily deployed by companies using Aadhaar by June 1.
'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
Broadband connectivity to villages has been lagging, with delay in laying of an optical fibre network up to gram panchayats
Over the past few weeks, an anonymous person, claiming to be a French mobile app developer, has been using his Twitter account to flag security concerns in the Aadhaar system. Recently, the account released a video showing a hack into the Aadhaar application (app). The Unique Identification Authority of India has maintained that Aadhaar remains safe and secure. Mayank Jain spoke to Robert Baptiste, the man behind the Twitter account called 'Elliot Alderson', to understand the way forward for citizens to keep their information safe.
Rajan's last day at Tata Sons, where he has worked since the 1990s, will be March 31.
According to a survey despite the intensity and magnitude of attacks, Indian businesses are still not prepared to defend themselves against determined attackers
Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.
The government needs to make the right policies and further execute them properly if it wants to move towards this goal
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
Those people without the Aadhaar number have found a loophole in the system
The Mukesh Ambani-owned company had complained to Trai about incumbents offering segmented offers to different customers
In emails to the UIDAI, they have also asked for details about the organisations with whom their Aadhaar numbers had been shared.
However, the facility will be allowed on a need basis and can be used only in "fusion mode", which means people can use it only along with other existing means of authentication.
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
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