Because they have become too big and pervasive and the time to regulate is long gone, points out Debashis Basu.
The Supreme Court had last week stayed a Bombay high court order and allowed Maharashtra government to hold the event at the Chowpatty.
In talks with BSNL, MTNL to float a firm in which it will hold 49 per cent.
A merchant using the bank's merchant App, QR code, PoS or Payment gateways, across all segments, including electronics, apparel, grocery, stand to win assured cashback and prizes on volume build-up, EMI or digital transactions.
The BJP also promised Rs 25,000 to girls from economically weaker sections under the 'Rani Gaidinliu Nupi Maheiroi Singi Scheme' if voted back to power.
Shah Rukh Khan and his wife Gauri hosted a party for their close pals at their Alibaug bungalow on Friday.
The year 2011 saw various events -- the Arab Spring, anti- corruption protests, Europe's sovereign debt crisis -- transform countries and reshape the world order. Gateway House, a leading Mumbai-based think tank on India's foreign policy, takes a look at what these events mean for India, and presents India's top foreign policy cheers and jeers for the year.
AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India at JNPT.
Fintech firm MobiKwik on Monday filed a draft red herring prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). According to its DRHP, the company plans to raise Rs 1,900 crore, which includes a fresh issue of Rs 1,500 crore and an offer for sale of Rs 400 crore. The selling shareholders include American Express Travel, Bajaj Finance, Cisco Systems and Sequoia Capital India, besides founder Bipin Preet Singh. MobiKwik is the latest among tech majors wanting to list on stock exchanges. Food delivery start-up Zomato will launch its IPO on Wednesday.
With the Reserve Bank of India's (RBI) extended deadline coming to an end, there will be no automatic recurring payment for various services including recharge and utility bill as the additional factor of authentication (AFA) will become mandatory from Friday. On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021. As part of risk mitigation measures, RBI announced this step to bolster safety and security of card transactions.
The COVID-19 recovery rate in Mumbai has gone down to 80 per cent, according to the BMC.
Listen to Javed Akhtar's poem dedicated to Mumbai. And Amitabh Bachchan on Oneness.
'The recalculated ranking showed India should have had a higher ranking earlier (113 in 2012 instead of 132) and lower ranking later (114 in 2018 instead of 100).' 'This would mean that there has been no change in India's climate of doing business across two regimes.' 'This is exactly consistent with the reality on the ground,' observes Debashis Basu.
Stating that the United States has a strong interest in helping India in preventing terror attacks, US Assistant Secretary of State for South and Central Asia Robert Blake said the country wants to see improved relations between India and Pakistan.
Rediff.com Contributing Photographer Pradeep Bandekar glimpsed these stars over the weekend.
Congress leader Manish Tewari demanded that the government should provide Rs 5 crore compensation to the families of the farmers who died during the farm laws agitation
Mumbai airport is the largest gateway for movement of pharma and agro products in the country.
After his visit to Syria in April, Ambassador Rajendra Abhyankar (India's former ambassador to Syria) spoke about the ground realities in Syria and the implications of the Arab uprisings for India.
Here are glimpses of a full dress rehearsal.
Today was the beginning; a humble beginning if you want to call it that, but one that will rock the foundations of many hard-held beliefs, one that will show the rest of the country what committed citizens can do if they only step out of their comfort zone.
These pictures sent by our readers bear witness to the beauty of our country.
'I thought coronavirus would not reach me but it can reach anywhere'
In a bid to ensure security of card data, the Reserve Bank of India (RBI) has enhanced the scope of tokenisation and permitted card issuers to act as token service providers (TSP). Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards. The RBI on Tuesday extended the device-based tokenisation to card-on-file tokenisation (CoFT) services, a move that will bar the merchants from storing actual card data. Card-on-file refers to card information stored by payment gateway and merchants to process future transactions.
Uber CEO Dara Khosrowshahi says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
The mega corridor, whose foundation stone was laid by Modi on March 8, 2019, connects the main temple with Lalita Ghat via a corridor, and grand gateways and ornamental arches have been built in heritage architecture style in four directions, facing the ancient temple at its core.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
'Doing this film has made me a lot less selfish.' 'When you understand the value of a man, who always said others first before himself, some of that ends up seeping into you.'
Prime Minister Narendra Modi on Monday inaugurated the first phase of the Kashi Vishwanath Dham in Varanasi, a project which is spread over five lakh square feet and connects the temple premises to the River Ganga besides providing several facilities to devotees.
While participation of start-ups in the space sector has largely been minimal so far, their involvement will be key towards building India's very own aerospace companies such as Maxar, Elon Musk's SpaceX and Rocket Labs, according to experts.
Here are glimpses of people practising yoga across the country.
The National Payments Corporation of India, the owner of IndiaPay, will fire the first salvo by charging only half what MasterCard and Visa levy on merchant establishments.
While airlines are seeing improved demand and industry-wide seat occupancy has increased to over 60%, it is road trips which are generating higher traction. Booking trends show that customers are also choosing homestays or four- star and five-star accommodations, as hygiene and safety is a priority now.
US Vice President Kamala Harris would host a separate meeting with the prime ministers of three Quad countries -- India, Australia and Japan -- at the White House to discuss with them the important factors for democracies to go forward, officials said.
Looking forward to Darbar?
Despite the global economic downturn, the Greater Houston Partnership is teaming up with the Indo-American Chamber of Commerce of Greater Houston to actively cross promote opportunities between the region and India. The programme will help grow jobs by 600,000, increase capital investment by $60 billion and expand foreign trade by $120 billion for the greater Houston by the end of 2015.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
The achievement in the Commonwealth Championships is considered to be the gateway to World Powerlifting Championship.
The recent Reserve Bank of India (RBI) norms on tokenisation services, which will be offered by card networks, are likely to result in merchants and payment aggregators incurring a cost as they have to pay a fee to the networks. The merchants and the payment aggregators, in turn, may pass on the cost to the customers. The norms, which were issued by the banking regulator released on September 7, allow card networks like Visa and Mastercard to offer the tokenisation service.
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