A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
Financial institutions are 300 times more vulnerable to cyberattacks than any other industry.
The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
Department of Telecom had sought the legal opinion of the matter from the government's counsel.
With the signing of the pact, the Quad grouping of India, Japan, Australia and the US is set to gain more heft now, notes Dr Rajaram Panda.
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
To bring clarity, the department clearly defines terms such as promoter and competitor.
Trai calls both Jio and incumbents for a meeting to discuss the issue
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
At Rs 2,685 crore for 1MHz pan-Indian spectrum, reserve price would be 52% higher than that of 1,800MHz band
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
'The Thai junta, who immediately took control of the operations in a military manner, took the decision to involve the best world professionals for the rescue.' 'This made a huge difference.' 'It is highly probable that in India, the authorities would have said, "We have the expertise, we don't need foreign aid",' says Claude Arpi.
Once launched, RJio services will cover over 18,000 towns and over 200,000 villages across all the 22 service areas of the country
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
Parekh ensures that he never forgets the importance of correctness.
On matters relating to the Diaspora, the Centre needs to call the shots, suggests Ambassador T P S Sreenivasan.
Companies are innovating with tech tools to ensure that you spend less time at the cash counter.
Cyberspace is a battleground as important as the traditional domains of air, land, sea and space, says US Defence Secretary Ash Carter, who visits India next week.
The uniform SUC, if implemented as per recommendations made by Telecom Regulatory Authority of India, will provide relief for mobile operators such as Airtel, Vodafone and Idea, but will increase rates for broadband wireless access spectrum holders like RJIL.
IT industry hiring big time, but quality concern persists.
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Banking as we know it will stand on its head in the next 10 years.
The cap of Rs 10,000 on daily withdrawal has also been removed.
Social activist Nalini Sekhar has worked to improve the working conditions of the waste-pickers of Bengaluru for the last four years and describes the her work as being rife with "occupational hazards which energises her to work with more vigour".
'Only on two occasions has the RSS thrown itself completely on the side of the BJP.' 'In 1977 in the wake of the Emergency. And in 2014 with Modi.' 'Now, I've been told that this is not going to happen in 2019.'
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