Data processing compliance is the main reason behind the delay. The government, on several occasions, has made it clear that Indian financial data needs to be stored exclusively onshore and if it is processed outside, it needs to be brought back in 24 hours.
Rediff readers share their Cash Crisis experiences.
'It may sound like sacrilege, but does it really matter if the global raters downgrade India for fiscal slippage?' asks Tamal Bandyopadhyay.
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
There are perks for banking with the newest bank in India.
Three Indian-American researchers have shown that the fingerprint-based security systems used in smartphones and other gadgets are way more vulnerable to hacking than we imagined.
Race for Asia's No. 1 MFI spot: Bandhan now closes in on Grameen Bank
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Paytm is just embarking on building a TaoBao like entity in India, it may want to address a challenge that the latter faced a few years after its launch.
Modi said there was a need to make transactions 'transparent' in India.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
MySmartPrice has been growing about 100 per cent a year and is profitable.
'At Snapdeal, our aim is to become the best-in-class technology company.'
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
'Make cash available now, don't put people into suffering.' 'You should not come to a situation where the operation was successful and the patient is dying.' 'What did not happen in India for several years, you cannot do in 50 days.' 'This is agony and pain.'
Watal panel had suggested an independent payments regulator be set up.
Is the Airtel Zero plan really a big blow for net neutrality? Will it end the 'free' internet as we know it? Amidst the hullaballoo over the issue, Sudhir Bisht provides a contrarian view.
Ending Paytm's monopoly as the only wallet payment option on Uber, the ride-hailing service has decided to allow payments through Jio Money. Alnoor Peermohamed reports.
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
'By demonetising higher denominations of currency notes, we have taken out the vehicle for corruption.' 'But the motive is still there.'
This was reflected in India Inc's lackadaisical attitude towards sensitising employees on fraud prevention.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
Nilekani said new-age technology markets work on a winner-takes-all basis.
A reader shares a bad experience he had at an ATM. You can share yours too!
'I think investors see a lot of positives happening in India now.'
Yes, if you follow certain safety measures, says Shruti Puri. Here are some rules you must follow.
Gold schemes are offering attractive returns to investors.
Breaking his silence over the demonetisation issue, RBI Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking all necessary actions to "ease the genuine pain of citizens" with a clear intent to normalise the things as early as possible.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
Meet Ankit Fadia, the ethical hacker who has been appointed as one of the brand ambassadors for Prime Minister Narendra Modi's Digital India programme.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
All Jan Dhan bank accounts should be linked to Aadhaar, Prime Minister Narendra Modi said on Saturday while asking bankers to speed up this process and redouble efforts on financial literacy.
Experts say only three per cent individuals pay taxes.
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said, "We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm".
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
Angry Congress members staged a walkout during Modi's address.
