News for 'National System of Accounts'

7 Scams That Can Empty Your Bank Account

7 Scams That Can Empty Your Bank Account

Rediff.com2 days ago

A frozen phone screen, a fake customer-care call, a screen-sharing request or even a duplicate SIM can give cybercriminals a route into your bank account.

No blanket ban, bank account freeze must match proceeds of crime: HC

No blanket ban, bank account freeze must match proceeds of crime: HC

Rediff.com14 Aug 2026

The Allahabad High Court has ruled that investigating agencies cannot impose a blanket debit freeze on a person's bank account during cybercrime investigations. The court stated that restraint must be proportionate to the suspected proceeds of crime, directing banks to de-freeze accounts beyond the disputed amount. This ruling aims to protect innocent account holders from complete financial deprivation due to minor disputed transactions.

Ex-BJP leader Annamalai criticises Centre over 'no accountability' for NEET paper leaks

Ex-BJP leader Annamalai criticises Centre over 'no accountability' for NEET paper leaks

Rediff.com22 Jul 2026

Former BJP leader K Annamalai has criticised the Centre for its handling of the NEET issue, alleging a lack of accountability despite three question paper leaks and questioning the delay in engaging with student protesters.

8 Nations With Highest Doctor-To-Population Ratios: Where Is India?

8 Nations With Highest Doctor-To-Population Ratios: Where Is India?

Rediff.com13 Aug 2026

How well is your country's healthcare system staffed? We compare the density of essential healthcare professionals across countries, based on figures from World Population Review.

BRICS Nations Strengthen Health Cooperation Through Digital Innovation

BRICS Nations Strengthen Health Cooperation Through Digital Innovation

Rediff.com24 Jul 2026

Union Health Secretary Punya Salila Srivastava highlighted the strong health cooperation within BRICS, emphasising the critical role of digital health and artificial intelligence in ensuring continuity of care. Speaking at the 16th BRICS Health Ministers' meeting, she noted shared challenges among member nations and showcased India's advancements in digital health infrastructure and AI strategy.

Kejriwal meets Wangchuk; alleges exam system collapsed in past 5 yrs

Kejriwal meets Wangchuk; alleges exam system collapsed in past 5 yrs

Rediff.com17 Jul 2026

Security has been increased at Jantar Mantar in New Delhi ahead of Delhi Chief Minister Arvind Kejriwal's visit to meet activist Sonam Wangchuk, who is on a hunger strike protesting NEET irregularities. Kejriwal has expressed support for the protest and its demand for the Union Education Minister's resignation.

'Our Rotten-To-The-Core Education System Needs Shock Treatment'

'Our Rotten-To-The-Core Education System Needs Shock Treatment'

Rediff.com25 Jul 2026

'Let the world know that India's Gen Z has now moved out of their social media world and is ready to face the lathis, the tear gas shells or the spiked-dandas of cops.'

Meta India chief appears before child rights panel again over CSEAM ads

Meta India chief appears before child rights panel again over CSEAM ads

Rediff.com20 hours ago

Top Meta India executives, including chief Arun Srinivas, appeared before the National Commission for Protection of Child Rights (NCPCR) for the second time in a week regarding alleged Child Sexual Exploitative and Abuse Material (CSEAM) related advertisements on its platforms. Meta has committed to reporting child safety matters directly to India's I4C cybercrime portal, a significant shift from its previous practice of reporting to a US-based centre. The government is pushing for stronger safeguards and accountability from social media platforms to ensure online child safety.

Finance Minister Calls For Robust AI Safeguards In Finance Sector

Finance Minister Calls For Robust AI Safeguards In Finance Sector

Rediff.com6 days ago

Finance Minister Nirmala Sitharaman has called for enhanced accountability and safeguards for artificial intelligence, particularly as it integrates into critical sectors like finance. Speaking at the Global Fintech Fest, she highlighted the dual nature of AI, capable of accelerating transactions but also amplifying fraud and cyberattacks. Sitharaman stressed the need for human and institutional responsibility in AI-driven decisions, urging regulators and companies to scrutinise high-risk AI applications. She also proposed a federated industry platform for Indian tech companies to navigate international regulations and ensure tax compliance globally.

How UPI Integration In Uzbekistan Benefits Indian Travellers

How UPI Integration In Uzbekistan Benefits Indian Travellers

Rediff.com31 Aug 2026

NPCI International and Uzbekistan's NIPC have partnered to enable UPI payments across Uzbekistan, allowing Indian tourists, business travellers, and students to make instant merchant payments using the UZQR code. This agreement, approved by RBI and CBU, integrates UPI with Uzbekistan's national payment system, HUMO, facilitating direct P2M payments from Indian bank accounts and reducing reliance on foreign exchange or international cards.

How To Pick The Right Broker

How To Pick The Right Broker

Rediff.com2 days ago

Investors opening new brokerage accounts must choose a broker suited to their style.

How UPI Rewired India's Money Story

How UPI Rewired India's Money Story

Rediff.com7 hours ago

Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.

Vijay Kumar Demands Transparency In NRAI Coaching Appointments

Vijay Kumar Demands Transparency In NRAI Coaching Appointments

Rediff.com6 hours ago

Olympic silver medallist Vijay Kumar has called for an independent review of the National Rifle Association of India's (NRAI) coaching appointments, citing concerns about transparency, eligibility criteria, and potential conflicts of interest. The NRAI, however, asserts that appointments are merit-based and views Kumar's concerns as 'sour grapes' after his own non-selection.

'Removed 1.6L India accounts': Meta details crackdown on child abuse content

'Removed 1.6L India accounts': Meta details crackdown on child abuse content

Rediff.com8 Jul 2026

Meta on Tuesday published a detailed blog outlining its efforts to combat child sexual abuse material across its apps, citing AI-powered detection, ad review systems and large-scale enforcement actions, days after the government issued a notice to the social media giant over reports of Instagram advertisements promoting such content.

Meta Faces Child Safety Probe In India

Meta Faces Child Safety Probe In India

Rediff.com9 Sep 2026

The company's India head, Arun Srinivas, has been summoned by the child rights body on Thursday.

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

Rediff.com15 Aug 2026

In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.

BRICS Summit: India's Dollar Dilemma

BRICS Summit: India's Dollar Dilemma

Rediff.com5 days ago

The challenge for India lies in navigating complex landscape to its best advantage. The BRICS Summit will test its navigation skills, asserts former foreign secretary Shyam Saran.

NIIF, PB Fintech, And DGFT Announce Major Strategic Moves

NIIF, PB Fintech, And DGFT Announce Major Strategic Moves

Rediff.com7 Sep 2026

National Investment and Infrastructure Fund Limited (NIIF) has appointed Gauravjit Singh as managing partner to lead its global capital formation efforts. Simultaneously, PB Fintech's payment aggregator platform, PB Pay, has gone live, offering consolidated payment acceptance for merchants. In a move to enhance trade efficiency, the Directorate General of Foreign Trade (DGFT) has introduced open API integration for Certificate of Origin, allowing exporters to streamline their application processes.

How Cloud And AI Can Propel India's Economic Growth

How Cloud And AI Can Propel India's Economic Growth

Rediff.com7 Sep 2026

Arundhati Bhattacharyya, Salesforce President and CEO for South Asia, highlighted how cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in the technology revolution. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs by addressing unmet business demands and could significantly boost India's GDP, with NITI Aayog estimating a USD 500-600 billion addition by 2035. She urged Indian businesses to transform using technology, focus on data, redesign work, and invest in skills, stressing that AI is not just for large corporations.

Rahul Gandhi Claims Modi Government Surrendering To US Pressure On UPI Charges

Rahul Gandhi Claims Modi Government Surrendering To US Pressure On UPI Charges

Rediff.com2 days ago

Congress leader Rahul Gandhi has accused the Modi government of quietly paving the way for imposing fees on UPI transactions, alleging it's a surrender to American pressure. The government's recent notification exempts charges only up to Rs 2,000, sparking concerns that higher value transactions and eventually all UPI payments could incur fees. Finance Minister Nirmala Sitharaman, however, clarified that Merchant Discount Rate (MDR) applies to merchants, not customers, and supports digital infrastructure.

UPI payments above Rs 2,000 to merchants to attract 0.4% MDR from Oct 15

UPI payments above Rs 2,000 to merchants to attract 0.4% MDR from Oct 15

Rediff.com1 days ago

The Indian government has introduced a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant (P2M) transactions exceeding Rs 2,000, effective October 15. This move ends nearly six years of fully free UPI payments, though person-to-person (P2P) transfers and small P2M payments remain free. The charges aim to bolster investment in UPI infrastructure, with specific exemptions and caps for essential sectors.

7 states account for 85% of India's installed solar capacity

7 states account for 85% of India's installed solar capacity

Rediff.com30 Jul 2026

Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.

RBI launches UPI tap-to-pay, multi-currency forex on Bharat Connect

RBI launches UPI tap-to-pay, multi-currency forex on Bharat Connect

Rediff.com6 days ago

The Reserve Bank of India (RBI) has introduced new features for India's digital payment ecosystem, including UPI tap-to-pay for PIN-less transactions up to 5,000 and multi-currency capabilities for forex on Bharat Connect, supporting Euro, British Pound, and other major currencies.

Meta may lose legal immunity after govt calls it service provider

Meta may lose legal immunity after govt calls it service provider

Rediff.com1 days ago

Government sources state that Meta, due to its algorithmic amplification of content, can no longer be considered a "simple intermediary" but rather a "service provider," implying greater responsibility and potential loss of legal immunity. This shift comes as Meta commits to directly reporting child abuse content to Indian law enforcement, amidst increasing government scrutiny over harmful online content and algorithmic bias.

Centre deploys tool to prevent fertiliser shortage

Centre deploys tool to prevent fertiliser shortage

Rediff.com31 Aug 2026

India's fertiliser ministry has introduced a new analytical tool and a national-to-retail dashboard to monitor fertiliser dispatches, movement, and inventories in real time, aiming to prevent localised shortages and ensure equitable access for farmers.

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Putin pitches NDB investment platform to deepen BRICS trade, technology ties

Rediff.com5 days ago

Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.

NTA to review internal processes after UGC-NET exam errors

NTA to review internal processes after UGC-NET exam errors

Rediff.com17 Aug 2026

The National Testing Agency (NTA) is reviewing its internal processes and protocols following lapses in three papers of the UGC-NET June 2026 examination, leading to re-tests for English, Commerce, and Sociology. The agency stated it proactively identified issues and is taking corrective measures to ensure fair and error-free examinations, amidst strong criticism from opposition leaders.

Student bodies protest UGC-NET re-exam, demand inquiry into NTA's failures

Student bodies protest UGC-NET re-exam, demand inquiry into NTA's failures

Rediff.com17 Aug 2026

Student organisations across India are protesting the National Testing Agency's (NTA) decision to re-conduct the UGC-NET examinations for three subjects, citing repeated lapses that jeopardise students' academic and career plans. They are demanding the NTA be scrapped or held accountable for its failures.

BRICS Summit Pushes For Safe And Inclusive AI Development

BRICS Summit Pushes For Safe And Inclusive AI Development

Rediff.com5 days ago

BRICS leaders, in their New Delhi Declaration 2026, have called for wider access to Artificial Intelligence resources and stronger international cooperation to ensure the technology is safe, secure, inclusive, and reliable. The declaration outlines a broad technology agenda covering AI, cybersecurity, digital public infrastructure, telecom, quantum technologies, and advanced manufacturing, committing to implement the grouping's statement on 'Global Governance of Artificial Intelligence'.

How AI And Cloud Are Democratising Capabilities For Indian Businesses

How AI And Cloud Are Democratising Capabilities For Indian Businesses

Rediff.com7 Sep 2026

Arundhati Bhattacharya, Salesforce President and CEO for South Asia, stated that cloud and AI are democratising capabilities, offering India a unique opportunity to leapfrog in technology. Speaking at the IMC Chamber of Commerce, she emphasised that AI will create more jobs and urged Indian businesses to transform using technology, rather than merely digitising. She also highlighted the significant economic potential of AI adoption for India.

Is Paying Through Your Bank Safer Than UPI?

Is Paying Through Your Bank Safer Than UPI?

Rediff.com2 Sep 2026

Can your money be protected against online frauds like hacking, digital arrests, etc?

The Long Road To Viksit Bharat

The Long Road To Viksit Bharat

Rediff.com2 days ago

The question for the next 20 years is not whether India can become a $5 trillion or $10 trillion economy. Those are attractive targets, but the real question is whether India can create enough productive jobs, educate its children properly, make its cities liveable, and give hundreds of millions of people a substantially better life, asserts Ramesh Menon.

'ISRO's Successes Must Not Be Privatised'

'ISRO's Successes Must Not Be Privatised'

Rediff.com6 hours ago

Their message is blunt: Public scientific wealth should not be transferred at what they describe as 'throwaway prices'.capability, recruitment, promotional avenues and the voice of its employees.

Adults can nominate queer partners for medical decisions, Centre tells HC

Adults can nominate queer partners for medical decisions, Centre tells HC

Rediff.com23 hours ago

The Centre has informed the Delhi High Court that adults, including those in non-heterosexual relationships, should be allowed to nominate partners for medical decision-making in cases of incapacity. This submission comes in response to a petition seeking recognition of same-sex partners as medical representatives, with the government stating this approach aligns with existing legal and ethical frameworks, respecting patient autonomy and ensuring continuity of care.

Anti-Doping Efforts Need Unified Approach, Says NADA Director-General

Anti-Doping Efforts Need Unified Approach, Says NADA Director-General

Rediff.com19 Aug 2026

National Anti-Doping Agency (NADA) Director-General Anant Kumar highlighted the need for a collective effort from all stakeholders in the Indian sports ecosystem to reduce doping incidents. He made these remarks during a National Roundtable on Doping Prevention in Sports, which discussed various factors contributing to doping and strategies for prevention.

UPI fee: Why govt is putting a price on big merchant payments

UPI fee: Why govt is putting a price on big merchant payments

Rediff.com1 days ago

The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."

New UPI Charges: Understanding The Impact On Digital Payments

New UPI Charges: Understanding The Impact On Digital Payments

Rediff.com1 days ago

The government is introducing a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant payments above Rs 2,000, effective October 15. This move ends the zero-MDR regime, aiming to fund UPI infrastructure and sustainability, as the previous government subsidy was insufficient to cover operational costs. Payments between individuals and most everyday merchant transactions will remain free.

Criticism Of RBI's Swap Scheme Is Uncalled For

Criticism Of RBI's Swap Scheme Is Uncalled For

Rediff.com1 days ago

It is important to understand that the rupee's appreciation, driven by the 2013 special swap scheme, reduced India's import costs for petroleum, oil, and gold, points out Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

SEBI Chairman Highlights Cybersecurity As Board-Level Issue

SEBI Chairman Highlights Cybersecurity As Board-Level Issue

Rediff.com17 Aug 2026

SEBI Chairman Tuhin Kanta Pandey stated that cybersecurity is now a board-level concern, not just an IT challenge, emphasising the need for caution when deploying artificial intelligence in critical infrastructure. He highlighted that AI for cybersecurity must be secure, governed, and accountable, and also addressed the emerging risks from quantum computing, urging collective resilience and sharing of best practices among regulators.

Sebi 'close' to approving NSE IPO, eyes broader market resilience

Sebi 'close' to approving NSE IPO, eyes broader market resilience

Rediff.com28 Aug 2026

The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.