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India's $100 Bn Gambling Black Hole

'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.' Kindly note this illustration generated using Microsoft Copilot has......

Don't Want IT Notice? Read This NOW!

Tax evaders, BEWARE!The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints. Kindly note this illustration generated using......

'Illegal Gambling Sites Are National Security Threat'

'Illegal gambling operators are systematically exploiting India's advertising and payment infrastructure, siphoning off crores of rupees from outside the country.' Kindly note the image has been......

Herald case: Political damage fear drove YI, AJL donations, alleges ED

Some Congress leaders were among individuals who donated funds to the Young Indian and AJL on instructions from senior party functionaries as not doing so would have been "damaging" for their......

All conditions met: IMF defends $1 billion loan to Pakistan

The International Monetary Fund (IMF) has said its executive board granted $1 billion in assistance to Pakistan this month after finding out that the country met all conditions and targets for it.......

Payments banks urge FinMin to raise deposit limit to Rs 5 lakh

Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of......

'Payment banks' micro-lending to significantly impact economy'

'The transition from payment banks to SFBs is only permissible for banks not owned by corporate entities.' Photograph: Kind courtesy Airtel Payment Bank/Instagram Airtel Payments Bank saw a......

Paytm Payments Bank MD and CEO Surinder Chawla quits

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank......

It's back to the drawing board for payment banks

RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed. Illustration: Uttam Ghosh/Rediff.com The......

Payments banks bat for new model, pin hopes on lending licence amid stress

Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. Illustration: Uttam Ghosh/Rediff.com The......

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