rediffGURU Ashwini Dasgupta offers tips on how to navigate job interviews.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover over Rs 100 crore with effect from January 1, 2021. Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions is mandatory for companies with turnover of over Rs 500 crore from October 1. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said e-invoicing will be extended to businesses with a turnover over Rs 100 crore from January 1.
A Cabinet note is expected to be moved to use Aadhaar numbers for electronic Know Your Customer verification of mobile subscribers.
The National Stock Exchange (NSE), which is once again in the eye of a storm due to the co-location scandal, has said it has taken several transformational steps in the past few years on the regulatory, technological, and surveillance fronts to help improve stakeholder experience and to protect investors. Senior officials of the exchange briefed the media over the steps the exchange has taken on various fronts following changes at the helm with former managing director and chief executive officer Chitra Ramkrishna's ouster in December 2016. "Over the last few years, we have been looking to modernise and transform the entire value chain of technology.
The market regulator had first proposed such a facility to alert investors about trades being conducted in their accounts in August 2011.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
The Lumoid site a is clean and user-friendly e-commerce experience, prompting visitors to select a category, like 'Landscape,' 'Sports,' and 'Student' for recommended custom created kits or 'Shop All Gear' for those who prefer to pick and choose the pieces they need.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
The RBI clarification followed media reports quoting a reply to a Right to Information application that suggested the apex bank has not issued any order for mandatory Aadhaar linkage with bank accounts.
The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the income tax department to further streamline end-user experience.
The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costs
Now you can check your Aadhaar authentication history online to track if anyone misused your unique identity.
While about 2,000 beneficiaries were transferred an amount of Rs 35 lakh (Rs 3.5 million) on the Aadhaar platform, the figure is expected to go up on Thursday.
Compared to a 64 per cent penetration in Brazil (130 million users total) and 53 per cent in China (total 733 million users), India has barely 28 per cent penetration. Of the digital reach, almost 80 per cent are from affluent segments in urban areas. How can this change?
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
'If you are ready to stomach the loss, you may invest 3-5 per cent of your portfolio in crypto assets.' 'Of this, 80-90 per cent should be in Bitcoin.'
Tripti Rai explains the unique features of Bharat Interface for Money (BHIM) app developed by the National Payment Corporation of India.
Taxi booking, shopping and transfer of money will be easy.
Photo-messaging app Snapchat on Wednesday said its monthly user base has reached 100 million in the country, and the company will continue to anchor its efforts towards growing and providing more resources to its community of Indian creators. Snap Inc, the parent company of Snapchat, virtually hosted the second edition of 'Snap in India'. At the event, Snap co-founder and CEO Evan Spiegel announced the milestone of reaching 100 million Snapchatters monthly in India.
RRVL will make an open offer to acquire up to an additional 2.17 crore equity shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory filing said.
21 banks have launched United Payments Interface application.
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
Unified Payments Interface launched to simplify mobile banking.
The apex court observed that the government could not deny benefits to those who did not have not Aadhaar numbers.
'The Aadhaar project has grave civil liberty implications. It will enable the government to profile citizens and track their movements and transactions.'
The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
To capture the information regarding movement of migrants and facilitate the smooth movement of stranded persons across the states, National Disaster Management Authority has developed an online dashboard namely, National Migrant Information System, on the existing NDMA-GIS portal
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
The UIDAI said it is "contemplating a legal action" against ZDNet, on the issue.
A start-up that just focuses on discounting for growth without a balancing effort towards product will soon find itself riding a tiger that's impossible to get off from.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
Flipkart and Snapdeal take a cue from Amazon even as they differ on who is ahead in the race
Cyber crime wing has been receiving 4-5 complaints every day involving impersonation
The linking of Aadhaar number with mobile SIM cards would enable the subscribers to use a host of services, including financial transactions.
There are four simple ways to link PAN to Aadhaar; make the most of the deadline to avoid hassles later, explains Bindisha Sarang.
