Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
On October 29, WhatsApp announced it was suing NSO Group for selling its software, Pegasus, which has the ability to compromise a device and get access to all of a target's data. Spooked by revelations that activists and journalists were spied upon by using NSO Group's spyware, many have moved to alternative messaging platforms such as Signal and Telegram.
Home ministry sources say there are fears that international lobbies might have been involved in spying, to create a narrative around Indian governance as well as the economy.
While Rakesh Jhunjhunwala is up 14.9% during the year to Rs 12,381 cr, Ashish Dhawan is up 68.4% to Rs 810 cr, Ashish Kacholia is down 23.4% to Rs 515 cr, Rajiv and Dolly Khanna are down 74.6% to Rs 116 cr and Vijay Kedia is down 6.2% to Rs 294 cr.
'12% of all our global trips are done in India.'
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
The biggest spender was Tata Motors, with Rs 4,224.6 crore assigned under the R&D head.
Uber CEO Dara Khosrowshahi says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand.
Data processing compliance is the main reason behind the delay. The government, on several occasions, has made it clear that Indian financial data needs to be stored exclusively onshore and if it is processed outside, it needs to be brought back in 24 hours.
Session-wise data indicates small investors have taken money off the table in more sessions than they have pumped in additional capital.
Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
"We made a conscious decision that we will not get influenced by the years of experience," says Piyush Mehta, chief human resource officer, Genpact.
The e-commerce companies believe the government is using this exercise to take an unauthorised look into their financials, shareholding and operations.
According to draft Code on Social Security, 2019, gig and platform workers will be entitled to life and disability cover, health and maternity benefits, among others.
This is despite the private sector companies outperforming their public sector counterparts, reports Sachin P Mampatta.
Swadeshi Jagran will be leading the delegation on a multi-city tour, expected to start on September 21. The week-long trip will include meetings with industry bodies and government agencies.
The panel will likely play an important role as the Personal Data Protection Bill gets tabled in Parliament.
'The idea is to have a separate and independent consultation on non-personal data, and decide the contours of how it should be regulated, whether as guidelines, rules, or a separate policy,' said a senior official at MeitY.
NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
Mastercard recently launched an authentication product called Identity Check Express that enables customers to verify transactions on their own.
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