News for 'Payment System Report'

'Any new govt project should be treated like a start-up'

'Any new govt project should be treated like a start-up'

Rediff.com4 Nov 2015

The government must be the initial driver.

Trump raises $4 million in 24 hours after indictment

Trump raises $4 million in 24 hours after indictment

Rediff.com1 Apr 2023

Americans from across all 50 states donated to President Trump's campaign within the first five hours of the "sham indictment", the statement said.

Will Vasundhara Endorse Gehlot's Schemes

Will Vasundhara Endorse Gehlot's Schemes

Rediff.com4 Dec 2023

The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.

'Crypto is serious threat to financial stability'

'Crypto is serious threat to financial stability'

Rediff.com11 Mar 2024

'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'

Russia's Supply of S-400 Missiles Moving 'Smoothly'

Russia's Supply of S-400 Missiles Moving 'Smoothly'

Rediff.com4 Sep 2022

Russia has almost completed the delivery of major components of the second regiment of the weapon systems.

FIR against BharatPe co-founder Ashneer Grover, his wife, family

FIR against BharatPe co-founder Ashneer Grover, his wife, family

Rediff.com11 May 2023

The Economic Offences Wing of the Delhi Police has filed an FIR against former BharatPe co-founder Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain for an alleged Rs 81 crore fraud after a complaint by the fintech unicorn. The FIR, a copy of which has been seen by PTI, was filed under eight sections of the Indian Penal Code, including 406 that deals with criminal breach of trust, 420 (cheating and dishonesty), 467 and 468 (forgery). BharatPe in the complaint alleged that Grover and his family caused damages of about Rs 81.3 crore through illegitimate payments to bogus human resource consultants, inflated and undue payments through passthrough vendors connected to the accused, sham transactions in input tax credit and payment of penalty to GST authorities, illegal payment to travel agencies, forged invoices by Madhuri Jain and destruction of evidence.

Don't want to spill my champagne: Porn star on Trump Indictment

Don't want to spill my champagne: Porn star on Trump Indictment

Rediff.com31 Mar 2023

Daniels has said she had a sexual encounter with Trump at a Lake Tahoe hotel in 2006 - the year after he married his current wife Melania.

OVL wants to dip into RIL payments to clear Venezuelean dues

OVL wants to dip into RIL payments to clear Venezuelean dues

Rediff.com17 Dec 2014

OVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corporation, holds 40 per cent stake in the San Cristobal oil project in Venezuela.

Why Bank Frauds Continue

Why Bank Frauds Continue

Rediff.com26 Apr 2023

The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.

PAN to be common identifier for govt agencies: FM

PAN to be common identifier for govt agencies: FM

Rediff.com1 Feb 2023

The move would help in further promoting ease of doing business in the country.

Indian firms reject Google Play's new bill plan

Indian firms reject Google Play's new bill plan

Rediff.com19 Mar 2021

Indian industry snubbed Google Play's decision to cut by half its commission for developers when they make $1 million in annual revenue for in-app purchases, saying the US tech giant may continue its "abrasive & monopolistic abuse" as it owns the Android system. Google Play said Tuesday that beginning July 1 it would slash its 30 per cent billing fee to 15 per cent for developers globally when they make the first $1 million of their annual revenue.

'How to make Rs 60 lakhs grow quickly?'

'How to make Rs 60 lakhs grow quickly?'

Rediff.com9 Nov 2023

rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.

Indian Airlines launches 'pay smart' scheme

Indian Airlines launches 'pay smart' scheme

Rediff.com27 Apr 2004

Indian Airlines has launched a 'pay smart' scheme in association with ICICI Bank to enable its passengers avail the benefit of deferred payment system during the period April 26, 2004 to March 31, 2005.

Coming soon: Aadhar-enabled transactions via phone

Coming soon: Aadhar-enabled transactions via phone

Rediff.com2 Dec 2016

Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment.

'Paytm's business will continue'

'Paytm's business will continue'

Rediff.com23 Mar 2022

'We now understand things that we have to correct.'

Bitcoin fails to gain currency with RBI

Bitcoin fails to gain currency with RBI

Rediff.com25 Dec 2013

Central bank raises red flag, warns of potential risk

Fund-raises by fintechs slowed by 47% in 2022

Fund-raises by fintechs slowed by 47% in 2022

Rediff.com20 Mar 2023

Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.

FM asks India Inc to clear dues to MSMEs in 45 days

FM asks India Inc to clear dues to MSMEs in 45 days

Rediff.com16 Sep 2022

Finance Minister Nirmala Sitharaman on Friday asked private sector companies to clear dues to small businesses within 45 days and admitted that the central departments and enterprises are also not making payments to them on time. She conceded that the Centre, states and state-owned enterprises too have outstanding dues to micro, small and medium enterprises (MSMEs). The minister said that at a meeting with big businesses here two days ago, she had appealed to them to ensure that the dues of small businesses, who are the backbone of the economy, are cleared on time.

West didn't supply weapons: Jaishankar on India-Russia relations

West didn't supply weapons: Jaishankar on India-Russia relations

Rediff.com10 Oct 2022

Jaishankar said that India and Russia have a long-standing relationship that has certainly served New Delhi's interests well.

Glimpses of RBI's history

Glimpses of RBI's history

Rediff.com18 Jan 2010

The Reserve Bank of India will announce the third quarter review of its Monetary and Credit Policy on January 29.

Carnatic Music Goes From Raga To Rage

Carnatic Music Goes From Raga To Rage

Rediff.com29 Mar 2024

They all seem to forget that the Music Academy is as much an independent institution as T M Krishna is an individual musician. In drawing those red lines for the Academy management, they do not even seem to recognise that they too have crossed a red line themselves, points out N Sathiya Moorthy.

As RBI battles inflation, all eyes are on possible rate cut in 2024

As RBI battles inflation, all eyes are on possible rate cut in 2024

Rediff.com28 Dec 2023

For five consecutive policy reviews in 2023, the Reserve Bank of India (RBI) chose to hold rates, citing inflation threat. And when the prices did cool off a bit, it reminded all about the target to get the headline consumer price inflation at 4 per cent and the risks from food inflation. Heading into the new year, all eyes are on when RBI will cut the rates, especially after one of the Monetary Policy Committee (MPC) members stressed on the need for such an action in the face of the US Federal Reserve's guidance for easing rates.

GSTN: The solution to India's tax problems

GSTN: The solution to India's tax problems

Rediff.com30 Jan 2016

'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.

Key highlights of G20 New Delhi Leaders' declaration

Key highlights of G20 New Delhi Leaders' declaration

Rediff.com9 Sep 2023

Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.

Aviation Industry Vulnerable To Cyberattacks

Aviation Industry Vulnerable To Cyberattacks

Rediff.com9 Jun 2022

Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.

UPI: What the govt wants you to believe vs what you should know

UPI: What the govt wants you to believe vs what you should know

Rediff.com19 Dec 2016

The NITI Aayog may want us to believe this is one of the easiest payment systems in the world, but Tinesh Bhasin decodes the many unanswered queries and concerns involving the United Payments Interface.

US says Fed not involved in clearing India's Iran oil dues

US says Fed not involved in clearing India's Iran oil dues

Rediff.com24 Jun 2014

The comment was in response to a June 19 Reuters story citing sources with knowledge of the matter as saying that India planned to clear some oil payments to Iran through the United Arab Emirates central bank.

Read your CIBIL Report like a pro

Read your CIBIL Report like a pro

Rediff.com23 Oct 2015

Some simple tips can help you in better understanding of your CIBIL Report.

We will contain damage on debit card breach: Jaitley

We will contain damage on debit card breach: Jaitley

Rediff.com21 Oct 2016

Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.

Modi, Trump agree to sort out trade disputes at the earliest

Modi, Trump agree to sort out trade disputes at the earliest

Rediff.com28 Jun 2019

While the Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade, India has raised tariffs on 28 items exported from the US in retaliation to America's withdrawal of preferential access for Indian products.

BRICS to admit 6 new countries from Jan 1, 2024

BRICS to admit 6 new countries from Jan 1, 2024

Rediff.com24 Aug 2023

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join the grouping.

Farmer takes on cybercriminal, recovers lakhs lost in fraud

Farmer takes on cybercriminal, recovers lakhs lost in fraud

Rediff.com19 Feb 2023

Pawan Kumar Soni, a 55-year-old farmer based in Sri Ganganagar City in Rajasthan, became a victim of a cyber fraud when his 26-year-old son Harsh Vardhan opened a link from a phishing message that flashed on his mobile phone.

Centre limits charges on electronic fund transfer

Centre limits charges on electronic fund transfer

Rediff.com21 Dec 2016

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 Coming Corporate Battles In 2023

The Coming Corporate Battles In 2023

Rediff.com11 Jan 2023

India Inc is gearing up for a slugfest this year and from tech to paints, new battlegrounds are emerging, observes Indrajit Gupta, co-founder, Founding Fuel.

Confiscation of currency was not demonetisation's aim: Jaitley

Confiscation of currency was not demonetisation's aim: Jaitley

Rediff.com8 Nov 2018

In a Facebook post on the second anniversary of demonetisation, Jaitley said in first four years of the National Democratic Alliance government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014.

No customer liability for bank e-fraud reported in 3 days

No customer liability for bank e-fraud reported in 3 days

Rediff.com7 Jul 2017

In case the third party fraud is reported after a delay of four to seven working days, the customer will face liability of up to Rs 25,000.

Heart Of Stone Review: Alia Holds Her Own

Heart Of Stone Review: Alia Holds Her Own

Rediff.com11 Aug 2023

When she does show up an hour into the movie, Alia's confidence is hard to miss, notes Sukanya Verma.

Zomato tells BSE most Blinkit stores have reopened after wage protests

Zomato tells BSE most Blinkit stores have reopened after wage protests

Rediff.com20 Apr 2023

Food delivery firm Zomato Ltd said on Wednesday most stores of its grocery unit Blinkit had resumed operations after being shut following protests by delivery partners. "Over the last few days we have made changes in the delivery partner payout structure with respect to the Blinkit business to address the needs of delivery partners, improve customer experience and reduce cancellation/ order rejection frauds by few delivery partners in the system. "Such changes are done from time to time, as needed," said the company in a letter to the BSE.

ED arrests Mumbai's ex-police chief in NSE phone tapping case

ED arrests Mumbai's ex-police chief in NSE phone tapping case

Rediff.com19 Jul 2022

The Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey in connection with a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said.

Card users may have to bear cost of RBI's new norms

Card users may have to bear cost of RBI's new norms

Rediff.com7 Oct 2021

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.