'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
The truth is that few ministries in the Modi sarkar are working on new and updated legislation of any kind.
