The UIDAI, set up in 2009, will manage the generation and authentication of Aadhaar numbers.
Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.
Sectoral cyber security teams to be set up to curb attacks, cyber coordination centre likely be set up in New Delhi by June.
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
Public sector banks' need for capital should be used to make fundamental reforms to their governance and management.
While noting there needed to be a balance between the two fundamental rights, the Srikrishna panel stated there was an inherent conflict. "However, disclosure of information from public authorities may lead to private harms being caused. It is thus important to recognise that, in this context, there is a conflict of fundamental rights, between transparency and privacy," the report stated.
Govt announces slew of schemes for rural India
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
'Given the 50 per cent or thereabouts increase in borrowing that has been announced, it is a reasonable estimate to say that at this time, an increase of 1.7-1.8 per cent on the 3.5 per cent budgeted fiscal deficit target is being anticipated,' Chief Economic Adviser Krishnamurthy Subramanian said on Friday.
India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the Trump administration and the US lawmakers.
"The 21st century peacekeeping must be anchored in a strong ecosystem of technology and innovation that can facilitate UN peacekeeping operations in implementing their mandates in complex environments," India's external affairs minister S Jaishankar said
They have cited higher capital for bad-loan provisioning, pending legislative amendments, and delay in finalising rules by the Reserve Bank of India (RBI) as some of the reasons.
Will seek to bring inflation to the mid-point: Rajan
Pradhan said a National Data Repository which will store information on all sedimentary basins of the country is being pursued on top priority.
The UK will now be taking forward a solution that brings together the work on the National Health Service app and the Google/Apple solution.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
It's time we remembered the fundamental: water cycle and life cycle are one.
'The most valuable personal sensitive information of present and future citizens has been made available to foreign data firms and governments and non-State actors for all time to come,' says Gopal Krishna.
The PM held bilateral meetings with three ASEAN leaders, including his Vietnamese counterpart Nguyen Xuan Phuc and Myanmar's State Counsellor Aung San Suu Kyi, and discussed key bilateral and regional issues.
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.
National artificial intelligence unit stuck for lack of anchor department
Under the proposed rules, individuals or companies will have to register with the central licensing authority to run an e-pharmacy; state-wide registration is not required.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
A five-judge constitution bench headed by Chief Justice Dipak Misra, hearing a petitions challenging Aadhaar, said no system in the world was secure and the issue was not as to how data is collected, but how the information so collected are used or misused.
According to the report, floods (43.4 per cent) and storms (28.2 per cent) are the two most frequently occurring disasters.
Their leaders in the provinces, which have been under the control of Taliban commanders for several months now, speak the language of the bigot. Women are known to have been abducted and enslaved. Several young girls have simply disappeared.
Vice President Hamid Ansari on Monday held talks with Chinese President Xi Jinping and conveyed the new Indian government's interest in furthering bilateral ties, even as he flagged off India's concerns over border related issues during his parleys with the top leadership in Beijing.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
'If the minister does not resign, then it will be the darkest incident of Indian democracy where power prevailed over the people.'
'Saying the private industry will come and transform India's space programme is real moonshine!'
Australia on Tuesday signed a $50 billion (Rs 3.3 lakh crore) deal with France for 12 sophisticated submarines to be built by French defence major DCNS that was at the centre of a controversy this year surrounding the leak of documents relating to India's Scorpene submarines.
Government has forecast annual economic growth to rise to 7.4%.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
The judgment was reserved after a marathon hearing which went on for 38 days spanning four months.
'Most of the testing capacity in India is in the private sector.' 'Whether it is the established RT-PCR test for COVID-19, or it is other innovations in testing that are now coming up, all these are fully within the capabilities of the private sector.' 'Health policy should harness these capabilities,' says Ajay Shah.
'All the vaccines that are available in most countries, right now, are all highly effective and safe.'
