State-run BSNL on Tuesday launched a service wherein its mobile customers will be able to access Facebook without any Internet or data connectivity.
Trai said the reports that compensation was not feasible were based on wrong inputs.
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.
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.
While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.
Feature phones still hold the majority of the 270 million handsets market in the country/
Eco affairs secretary says double counting possible; cash availability to improve in three weeks.
Telecom operators have to take double confirmation from consumers before activating value added services (VAS) and must complete de-activation requests in four hours, sectoral regulator Trai said.
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
Watal panel had suggested an independent payments regulator be set up.
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
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