RuPay National Common Mobility Card's offline wallet can be used to make ticket payments in transit, including in metros, cabs, etc, enabling automatic, quick, cashless payments.
According to the report, though the law provides criminal penalties for official corruption, the Indian government did not implement the law effectively.
India saw growth of around 213 per cent in the number of real-time payments processed over the past year.
From oblivious infant to puzzled tot to fashionable imp, Aaradhya's Cannes evolution is no less fascinating than her mum's sartorial accomplishments.
Here's what your favourite Bollyood celebrities are tweeting.
Here's what your favourite Bollywood celebrities are tweeting.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
In the past year, Harsh and Heena Mandavia risked their lives and provided 23,000 meals to the poor and needy during the lockdown. What made them do it?
The protesters led by the state unit Bharatiya Janata Party chief C P Thakur burnt the effigy of the prime minister at the busy Dak Bungalow roundabout.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
A mobile wallet may offer discounts but allows transactions of limited amounts. And, while a bank app or internet account allows larger transactions, it might be less convenient
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
The Supreme Court on Friday dismissed condemned prisoner and Khalistan Liberation Force terrorist Devinderpal Singh Bhullar's plea for commutation of his death sentence to life imprisonment on ground of delay in deciding his mercy plea.
No one deserves the title thespian more than Dilip Kumar, notes Shreekant Sambrani.
Based on its foundations, the courtyard-style palace was estimated to be 690 meters long and 250 meters wide, Sun Weigang, an associate researcher at the Shaanxi provincial institute of archaeology said.
With NEFT, which drives the retail payments value, operationalised on a 24x7x365 basis, the country's payment systems landscape is headed for substantial growth.
The result was a foregone conclusion; the fifth day only a formality. Mumbai sealed a berth in the semi-finals of the Ranji Trophy by virtue of the first innings lead against Baroda at the Wankhede stadium on Thursday.
The Centre for Monitoring Indian Economy (CMIE) has lowered its growth forecast to 6 per cent, from 6.2 per cent projected earlier, for this fiscal, owing to the delay in recovery in industrial sector and the fall in mining, manufacturing and construction segments.
There seems to be no end to the woes of the ruling Bharatiya Janata Party in Karnataka.The meeting of the legislature party -- to elect Jagadish Shettar as its leader and the next chief minister -- has been delayed following a massive protest by supporters of incumbent CM Sadananda Gowda.
The rupee had lost 13 paise to close at 55.66 on Tuesday because of fag-end dollar demand from importers.
The rupee rose by 7 paise to Rs 55.68 against the US dollar in early trade today on the Interbank Foreign Exchange as the American currency weakened against euro overseas.
Bollywood celebrated International Yoga Day by posting pictures from their yoga sessions.
In the past, BSNL had invested in IT, but it could never get the desired effect. In fact, a report pegged the company's expected 2010-11 losses to be over Rs 6,000 crore (Rs 60 billion).
Taking on the United Progressive Alliance government, which had forced him to leave Delhi in the wee hours of Sunday morning, Baba Ramdev said, "Sarkaar vikaas nahi, Ramdev ka vinaash chahti hain (The government doesn't want development; it wants the destruction of Ramdev).
Continuing with the series of etiquettes in communication, language expert Preeti Shirodkar tells us about what we need to keep in mind while communicating in writing.
While priced Rs 12,999 and at just 7 inches, Reliance 3G Tab fits into your pocket (pun intended) its real test lies in how it compares with the Big Daddies of the tablet world. Here, then, is a detailed review of a branded tablet that doesn't burn a hole into your pocket. Read on...
The bottom line is that one should stay invested and not get spooked out of one's equity holdings, says Akash Prakash.
MPFI is a joint initiative by Rural Technology and Business Incubator of IIT-Madras and Institute for Development and Research in Banking Technology.
From the relative obscurity in the backroom of the Prime Minister's Office to the most coveted seat of power in Maharashtra, Prithviraj Chavan has reaped the reward for his personal integrity, professional ability and unflinching loyalty to 10, Janpath.
Here's what your favourite celebrities are tweeting.
Having won back to back Ashes series, Andrew Strauss, as England captain, should have every right to claim and say that he has reached the peak of international cricket, but no, he wants to beat India in India.
The RBI said the payment systems landscape will continue to change with further innovation and entry of more players which is expected to ensure optimal cost to the customers and freer access to multiple payment system options.
VfB Stuttgart have fined Romanian Ciprian Marica a reported 50,000 euros after he was sent off following a verbal attack on the referee in his team's 4-2 defeat by Hamburg SV on Saturday.
Official sources said that the federal probe agency, which is investigating the PFI under the PMLA)tka since 2018, has found that at least Rs 1.04 crore were deposited in several bank accounts linked to the organisation between December 4 last year and January 6 this year in various parts of the country.
Wockhardt Chairman Habil Khorakiwala can breathe easy, as bankers have approved the debt restructuring package he had sought three months ago.
Union Railway Minister Mamata Banerjee presented the Railway Budget for 2009-10 in Parliament on Friday.
Ashvin Dayal, Rockefeller Foundation managing director for Asia, says there is an urgent need to make investment for the safety of Asian cities from an environmental point of view given the rising economic activities in that part of the world.
The former Governor of RBI said India would see 'definite signs of recovery' in the second half of 2009-10. On growth forecast, he said this fiscal will see a rate of 6 and 6.5 per cent, but it will be higher next fiscal.
Nandan Nilekani talks about moving towards a cashless economy and freedom of Internet, among others
Two persons were killed and 40 others including the pro-Independence Jammu and Kashmir Liberation Front chairman Yasin Malik wounded in valley wide protests following Friday Prayers.
