Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.
'It has also saved the government about $ 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,' Nilekani said at an event on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.
The Central Equipment Identity Register (CEIR) of the department of telecommunications (DoT) has traced 285,000 lost or stolen mobile phones and blocked 680,000 devices since being launched. However, recoveries remain relatively low at 20,771 devices. According to government estimates, around 50,000 mobile phones are stolen every month in the country. Launched nationwide on May 16, the CEIR is a part of the DoT's Sanchar Saathi portal. It is the primary government platform aimed at protecting mobile phone users from various frauds such as identity theft, forged KYC, theft of mobile devices and banking frauds.
The idea that every citizen in this country is to be numbered is the primary thing in the project.
We as customers have to be conscious and careful to sidestep numerous types of frauds made possible under a mindless shift to a digital ecosystem without customer-redress procedures, warns Debashis Basu.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held in New Delhi.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
...and say bye to the humanities-science divide, says Ajit Balakrishnan.
The reports also claim that the same beneficiary had been found to avail treatment at two hospitals at the same time.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
The need of the hour, as the Supreme Court readies to rule on the constitutionality of Aadhaar, is for the UIDAI to fix the bugs, says Geetanjali Krishna, in the second and final part of her series.
The amendments were adopted with a significant margin, with the difference of votes ranging between 27 and 34 votes.
Many people posted screenshots of the alleged MobiKwik user data, which, according to sources, was up for sale for 1.5 bitcoin or about $86,000.
In a statement, the lawyer of Irani's daughter, said his client is neither an owner nor operating the restaurant called Silly Souls Goa.
A banking Trojan malware has been detected in the Indian cyberspace that is lurking to attack bank customers using Android phones and has already targeted those from more than 27 public and private sector banks, the country's federal cyber security agency said in a latest advisory.
The online application of such claims would enable EPFO to eventually settle those within three days.
Their bank accounts have been frozen. State governments have been told to restrict sales and transfers of real estate assets these companies own.
Veena Mani reports.
By April, operational guidelines for the scheme will be finalised and shared with states
It's best to avoid deals that sound too good to be true.
'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'
Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
The Infosys co-founder has filed a complaint with the Election Commission against his opponent in Bangalore South
Interception of electronic communication should also be covered in the powers being sought, the report said.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
The government must be the initial driver.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so themselves
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
Listing out key initiatives, Adityanath said his government would launch a systematic drive to help retrieve 1,000 hectares of land in the grip of land mafia for years.
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa.
From the Aadhaar verdict to #MeToo's arrival in the country to the entry into the Sabarimala temple -- India had a newsworthy 2018. As we step into 2019, these are the top moments from the year gone by.
'They have no other agenda, but to perpetuate hate.' 'They have destroyed the economy and polity and they survive only on hate.' 'They think through hatred, they can mobilise the large chunk of Hindu votes.'
The blockchain, the public ledger that tracks every bitcoin transaction, is changing commerce as we know it, says Devangshu Datta.
Manish Sabharwal is chairman of TeamLease, which has helped hire 1.4 million sales and customer service reps and logistics employees such as couriers for companies across India since it was founded in 2002.
'You don't want to admit that it is your wife in the video because she said you were arrested on Wednesday (August 19; Shyamvar Rai states he was arrested on August 21, a Friday).'
