For the convenience of people to pay school fees and municipal taxes and utility bills through an integrated platform, the Reserve Bank on Thursday proposed setting up an "anytime anywhere" bill payment system.
Infosys said it is in discussion with over 10 institutions globally for deploying the solution
Prime Minister Narendra Modi will on Friday launch two schemes of the Reserve Bank of India (RBI) that may go a long way in changing how the household sector invests, and complains if anything goes wrong with their savings. These schemes - retail direct and an integrated ombudsman - will be launched by the Prime Minister virtually, in the presence of Finance Minister Nirmala Sitharaman. With the introduction of retail direct, a common man can directly take a position in government securities (G-Sec), considered to be the safest asset class a sovereign can offer.
With Ola Corporate, aims to provide services to 10,000 firms by next year
'What's the point in lamenting widespread toxic work culture, and the capitalist system that gives rise to it if there is no alternative?' 'Actually, there is,' says Ashish Sharma.
As Indian IT service entities mature into multi-billion dollar organisations employing thousands, the pressure has increased on them from clients to identify and solve customer problems than working on predefined parameters.
FinMin's project will enable tax man to track electronic transactions like RTGS or NEFT.
The investor has now put together a fund of $3.75 billion to back private companies.
Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.
'Significant reductions in the compliance obligations mean businesses earlier struggling to comply will now have enough time to prepare and comply within the extended timelines.'
Reform ideas do not occur overnight and evolve over the years.
"Since beginning, I am hearing this that if I am not with you, then I am an Aadhaar judge. I don't care," the judge said.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
'Smart' Gandhinagar is now wired to the future, becomes India's first smart city; launches citywide WiFi services, smart streetlights, speed and face recognition surveillance.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
All credit to the finance minister for walking the fiscal and expectation tightrope extremely well in his budget speech, says Ganesh Natarajan.
Experts share their views on the steps that will help businesses become GST-ready.
Bombay House turns evangelist for new Tata products.
Nokia is one of the leading telecom equipment manufacturing companies in India
The one-page form will mandatorily seek the taxpayers name.
'He was always opposed to a form of nationalism that was narrow, selfish and arrogant.' 'He will always remain a beacon of inspiration for freedom-loving people across the world and for movements of resistance against oppressive State power.'
These four entrepreneurs are motivated by a passion to make a difference in the society.
The protection of individual security and privacy is critical to building safe online systems, say Mitchell Baker and Ankit Gadgil.
Entirely new businesses have been built using data to disrupt traditional companies.
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
FMCG, automobile industries say if GST regime kicks in, rail hubs can take Make in India to a new high.
'Deep pockets have become a prerequisite for contesting elections on a major party symbol in most states.' 'Given the premium parties place on self-financing candidates, once you have accounted for the suspected criminals, dynasts, industrialists, and celebrities, there is not much room for anyone else.'
'That the two sides allowed such a situation to arise exposed the level of inaction and inefficiency in China-India border management.' 'The Modi-Xi meeting in Xiamen initiated a process to to avert such contingencies in the future.'
The Modi government's array of economic policy has been impressive.
Partial dismantling of subsidies, movement towards a more transparent policy on natural resources and moves to make India more inviting for foreign investors, are some of Modi government's big achievements.
'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Sanjeev Nayar offers some ideas on how Indians can help in improving the lives of those living in border areas and in the process help the Indian Army.
Like China, India needs to encourage 'hacker clubs' in view of the challenges of virtual terrorism, says Lieutenant General Prakash Katoch (retd)
After many false starts, India may well be at the inflexion point that Deng Xiaoping took China to post-1978. The window of opportunity is wide open right now, says Rajeev Srinivasan.
November 12 marks 25 years of the beginning of the World Wide Web. Shivanand Kanavi gives us the story of how it all began.
