The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
Facebook has set up a task force that will have security specialists and content specialists, among others, who will try to understand all the possible forms of election-related abuse in the country.
"Critical data which has to be resided in India is an important component that needs to be clarified, as this will be arguably uncovered on an ad hoc basis as we move forward."
According to JP Morgan, it seems that Jio is willing to go for the jugular in chasing market share if this hurts some of its standing rivals like Vodafone and Idea to a point from where they find it difficult to fight back.
The government is in no mood to buy the privacy and security argument pitched by WhatsApp, whereas the American firm says traceability will undermine end-to-end encryption and the private nature of the app, creating potential for serious abuse.
The 5G road map pursued by India should not only move the country forward but also result in progress of weaker sections of society.
The overall wireless subscriber base increased to 114 crore at the end of June
According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
The Department of Posts was one of the 11 entities to get the in-principle nod from the Reserve Bank of India in 2015 for setting up a payments bank.
The government is also trying to curb child abuse and pornography and such platforms act as catalysts in these cases.
If it happens, this would mean the largest spectrum auction in terms of amount with over 7,000 Mhz going up for sale across eight bands
In a bid to curb the spread of fake news, the US-based company is testing a feature, which enables users to detect harmful links sent and received.
The California-based company has been facing flak recently after about a dozen people were beaten up based on incendiary messages being spread on the app through large groups.
IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.
The new proposals will lead to complex processes and huge costs for telecom service providers, without any substantial benefits: COAI
Firm offers this work option to 80% of its staff, saves $196mn on opex and garners $294 mn via building sales
The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
The decision was in contravention of the provisions of the master services agreement signed between the company and the Ministry of External Affairs (MEA) on October 13, 2008, says TCS
It all began as one of its customers did not want a Muslim representative to resolve a problem. Rather, the customer wanted a Hindu representative to resolve the issue.
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