News for 'Electronic Clearing Service'

Why Air Indias' privatisation sailed & BPCL's is dragging on

Why Air Indias' privatisation sailed & BPCL's is dragging on

Rediff.com19 Dec 2021

Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.

Paying your tax will soon be as easy as swiping a card

Paying your tax will soon be as easy as swiping a card

Rediff.com25 Nov 2019

The government is planning to extend the electronic modes of tax payment to its own payments platform, Unified Payments Interface (UPI), credit cards of banks, or even a mobile wallet like Paytm.

Microsoft to set up largest data centre in Hyderabad

Microsoft to set up largest data centre in Hyderabad

Rediff.com7 Mar 2022

Tech giant Microsoft will set up its largest and fourth data centre in India at Hyderabad with an investment outlay of over Rs 15,000 crore over a period of 15 years. "I am very happy to say today that Hyderabad will be the destination for Microsoft's largest Data Centre investment in India with an investment of over Rs 15,000 crore over a period of 15 years. "This will be one of the largest FDIs that Telangana has attracted," Telangana Minister for IT and Industries KT Rama Rao on Monday said at an event marking the announcement of Microsoft's latest data centre region in Hyderabad.

Jugaad An Insult To Indian Innovation?

Jugaad An Insult To Indian Innovation?

Rediff.com6 May 2022

'When resources are few; when frugality demands repairing a broken thing rather than replacing it with a brand new and expensive option, enterprising commoners in rural and urban India improvise on a daily basis and solve their problems with whatever they have,' observes Shivanand Kanavi.

Farm laws: Centre to take states route

Farm laws: Centre to take states route

Rediff.com29 Nov 2021

'As far as contract farming is concerned, we already have a model Act and states will be encouraged to adopt them.'

Govt asks Apple to manufacture, export more from India

Govt asks Apple to manufacture, export more from India

Rediff.com16 Sep 2019

Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.

Will always protect personal messages: WhatsApp

Will always protect personal messages: WhatsApp

Rediff.com20 Jan 2021

The Indian government on Tuesday posed 14 questions to WhatsApp on its "invasive" changes in Terms of Service and Privacy Policy.

How India's exports can gain from global slowdown

How India's exports can gain from global slowdown

Rediff.com12 Nov 2019

'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.

GST draft law brings all online purchases under its purview

GST draft law brings all online purchases under its purview

Rediff.com15 Jun 2016

The tax, in lieu of local levies, will be imposed at the first point of a financial transaction.

Bhagwant Mann Must Get His Act Together

Bhagwant Mann Must Get His Act Together

Rediff.com5 Dec 2022

Bhagwant Mann and Arvind Kejriwal are realising that it is not a cakewalk to run a full state that is plagued with a fiscal deficit and where emotions run high at the drop of a hat, observes Sudhir Bisht.

RBI, US Fed Hike: Expect More Selling on Bourses

RBI, US Fed Hike: Expect More Selling on Bourses

Rediff.com6 May 2022

'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'

Bank mergers: Changes that customers can expect

Bank mergers: Changes that customers can expect

Rediff.com23 May 2016

Loan rates will change at the next reset, while deposit rates will continue till maturity.

Centre owes Rs 3 trn to states and industry

Centre owes Rs 3 trn to states and industry

Rediff.com5 May 2020

Assocham president Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of income tax, value-added tax, and GST, and compensation, payments to discoms in the power sector, fertiliser subsidies, etc.

How the EC will count votes today

How the EC will count votes today

Rediff.com23 May 2019

Till now, the postal ballots were counted in the beginning followed by votes polled in voting machines.

Covid deaths: Govt can verify 5% ex-gratia claims in 4 states, says SC

Covid deaths: Govt can verify 5% ex-gratia claims in 4 states, says SC

Rediff.com24 Mar 2022

The government can verify 5 per cent of claims in four states -- Maharashtra, Kerala, Gujarat and Andhra Pradesh -- where the gap between number of claims and recorded deaths was wide, said a bench of Justices M R Shah and B V Nagarathna.

Kia Carens: Made by an Asian company for Indian roads

Kia Carens: Made by an Asian company for Indian roads

Rediff.com9 Mar 2022

High ground clearance, a wide cabin and tall stance all mean that the Carens glides over bad roads with ease and comfort and an engine performance that is adequate in terms of the power of this vehicle, says Pavan Lall.

Corporate-run banks: Will depositors benefit?

Corporate-run banks: Will depositors benefit?

Rediff.com2 Dec 2020

The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.

Govt permits 100% FDI in online market places

Govt permits 100% FDI in online market places

Rediff.com29 Mar 2016

Market place model of e-commerce means providing of an IT platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller.

FIR lodged over hacking of Amazon Prime customer's account

FIR lodged over hacking of Amazon Prime customer's account

Rediff.com23 Oct 2020

The FIR was lodged at the Sector 20 police station on Thursday after the complainant, a Noida resident, alleged that her Amazon Prime account got hacked and the problem remains unresolved despite assurance from Amazon boss Jeff Bezos, an official statement said.

With coronavirus still around, 'virus killers' hit the market

With coronavirus still around, 'virus killers' hit the market

Rediff.com7 Sep 2020

A gamechanger for offices and factories, Shycocan, claims to be able to clear an area of 1000 square feet from coronavirus.

BSE to invest Rs 150 cr to set-up an international exchange

BSE to invest Rs 150 cr to set-up an international exchange

Rediff.com12 Jan 2015

The new exchange will also help global companies raise finance from other overseas investors.

Bull rules D-Street; Sensex zooms 2,315 points

Bull rules D-Street; Sensex zooms 2,315 points

Rediff.com1 Feb 2021

On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per cent, followed by ICICI Bank, SBI, HDFC, M&M and Axis Bank. On the other hand, Dr Reddy's, Tech Mahindra and TCS were among the laggards.

Farm bill in RS: MPs tear papers, heckle presiding officer

Farm bill in RS: MPs tear papers, heckle presiding officer

Rediff.com20 Sep 2020

Derek O'Brien of Trinamool Congress came near the podium and tried to show the rule book to the Deputy Chairman. An attempt was also made to snatch the microphone and the marshals tried to prevent it.

Divestment push may boost PSU m-cap from all-time low currently

Divestment push may boost PSU m-cap from all-time low currently

Rediff.com19 Oct 2021

The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.

E-com norms will affect Netflix, Hotstar, Amazon Prime

E-com norms will affect Netflix, Hotstar, Amazon Prime

Rediff.com27 Mar 2019

At the heart of the issue is the way e-commerce is defined in the current draft policy.

Govt orders WhatsApp to withdraw new privacy policy

Govt orders WhatsApp to withdraw new privacy policy

Rediff.com19 May 2021

The ministry has taken a strong position on the matter, and made it clear that it is not just problematic but also "irresponsible" for the messaging platform to leverage its position to impose "unfair" terms and conditions on Indian users, when many depend on WhatsApp to communicate in everyday life, according to the sources.

Google, govt working on balloon Internet project

Google, govt working on balloon Internet project

Rediff.com2 Nov 2015

Google uses solar panel and wind to power electronic equipment in the balloon throughout the day.

How Sunil Vachani plans to take Dixon Tech global

How Sunil Vachani plans to take Dixon Tech global

Rediff.com14 Jan 2021

Today, Vachani's public-listed company, Dixon Technologies, has gone beyond manufacturing just television sets. Armed with private equity funding from Motilal Oswal eight years ago, it has transformed itself into a Rs 4,400 crore electronic manufacturing services major, which now straddles lighting products, home appliances, feature phones, LED bulbs, amongst others. A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme.

E-toll is yet to take off on Indian highways

E-toll is yet to take off on Indian highways

Rediff.com17 Nov 2014

A few weeks ago, when Road Transport & Highways Minister Nitin Gadkari launched an electronic toll-collection system on the Delhi-Mumbai highway, television channels reported live from toll plazas showing vehicles with radio frequency identification (RFID) tags in dedicated lanes that did not have to stop for paying cash.

India must stop being the West's digital colony

India must stop being the West's digital colony

Rediff.com17 Oct 2019

'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.

Has India lost out in the global 5G race?

Has India lost out in the global 5G race?

Rediff.com17 Feb 2021

Several factors have held India back. One is DoT policy somersaults and lack of clarity on whether to or not to ban Chinese gear makers.

Indian economy in better shape to tackle Covid 2nd wave: CEA Subramanian

Indian economy in better shape to tackle Covid 2nd wave: CEA Subramanian

Rediff.com17 Apr 2021

'Overall, compared to the previous episode, we are in a better shape because the vaccine is already out there and vaccination drives are proceeding'

Covid blues fail to dampen Apple's dream run

Covid blues fail to dampen Apple's dream run

Rediff.com27 May 2021

Rising prevalence of work-from-home and e-learning is driving sales of notebooks and tablets for most brands, but Apple's superior performance has more to do with its product quality.

Data Bill: Why Nasscom, mobile body are worried

Data Bill: Why Nasscom, mobile body are worried

Rediff.com28 Dec 2019

The Bill says that the central government, in consultation with the Data Protection Authority, can direct any data fiduciary or data processor to provide non-personal data to enable better targeting of delivery of services. The government can also ask data processors to provide data for formulation of evidence-based policies for its own use.

SC warns officials against laxity in implementing cracker ban

SC warns officials against laxity in implementing cracker ban

Rediff.com29 Oct 2021

Warning that top officials at various levels 'shall be held personally liable' for any lapses, the apex court said it is unfortunate that despite various directions issued by it there is a blatant violation going on.

Formula One: 'Rosberg retirement due to freak contamination'

Formula One: 'Rosberg retirement due to freak contamination'

Rediff.com27 Sep 2014

Nico Rosberg's retirement from Sunday's Singapore Grand Prix was caused by a freak contamination of his steering column electronics by a substance used by Mercedes in their pre-event servicing, the team said on Friday.

Govt directs WhatsApp to withdraw new privacy policy

Govt directs WhatsApp to withdraw new privacy policy

Rediff.com19 May 2021

The ministry of electronics and information technology has directed WhatsApp to withdraw its new privacy policy, according to sources. The IT ministry believes that the changes to WhatsApp privacy policy and the manner of introducing the said changes undermines the sacrosanct values of informational privacy, data security and user choice and harms the rights and interests of Indian citizens, government sources said. The government has given seven days to WhatsApp to respond to the notice and if no satisfactory response is received, necessary steps in consonance with law will be taken, sources informed. In a communication to WhatsApp on May 18, the ministry has once again told the messaging platform to withdraw its privacy policy 2021, they said.

Govt issues 'one last notice' to Twitter to comply with IT rules

Govt issues 'one last notice' to Twitter to comply with IT rules

Rediff.com5 Jun 2021

The government on Saturday issued a notice to Twitter giving it one last chance to 'immediately' comply with the new IT rules and warned that failure to adhere to the norms will lead to the platform losing exemption from liability under the IT Act.

Delhi to be locked down from 6 am on Monday

Delhi to be locked down from 6 am on Monday

Rediff.com22 Mar 2020

Dairies, milk plants, grocery shops, chemists and petrol pumps, ATMs, e-commerce services of essential items like food and medicines will remain open, he said.