News for 'digital compliance'

India Issues Notice to Wikipedia Over False Arshdeep Link

India Issues Notice to Wikipedia Over False Arshdeep Link

Rediff.com5 Sep 2022

Arshdeep Singh has incurred the wrath of social media users since Sunday when he dropped a catch in the closing stages of a tense India-Pakistan match.

Blackmoney: E-filing link to declare illegal assets launched

Blackmoney: E-filing link to declare illegal assets launched

Rediff.com21 Jul 2015

The new 2 page form has been categorised as 'Form 6'

Facebook removes over 30mn posts, most for violent content

Facebook removes over 30mn posts, most for violent content

Rediff.com3 Jul 2021

Facebook removed 25 million pieces of content identified as 'spam,' 1.8 million pieces of content containing 'adult nudity and sexual activity', reports Neha Alawadhi.

Modi flags delay in justice, favours laws in local languages

Modi flags delay in justice, favours laws in local languages

Rediff.com15 Oct 2022

He said the speciality of Indian society is that for thousands of years, while walking on the path of development it also carried out internal reforms.

It's boom time for tech fraud fighters

It's boom time for tech fraud fighters

Rediff.com2 Sep 2021

More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.

Two years on, is Yes Bank finally out of the woods?

Two years on, is Yes Bank finally out of the woods?

Rediff.com5 Apr 2022

Transiting from "survival mode", which took most of the management time in FY21, the bank has been able to take a long-term view in terms of growth and preparing technology in the past 12 months.

Despite regulatory uncertainties, investors betting big on Web3 startups

Despite regulatory uncertainties, investors betting big on Web3 startups

Rediff.com21 Nov 2022

If you are a budding developer and interested in Web3, chances are that you will be headed to one of India's largest-ever meetings of Web3 developers, being held by Polygon, a Web3 platform. The company's ongoing "Web3: Made in India Tour" is expected to see close to 4,000 developers coming together at the inaugural Polygon Connect event in Bengaluru on December 1. The event highlights the growing dominance of Web3 developers from India, as well as the sector's rising interest to investors, who continue to invest in startups despite a funds crunch.

Has Online Education CHANGED Your Kids?

Has Online Education CHANGED Your Kids?

Rediff.com18 Apr 2022

An astrologer told Ramesh Menon that he was increasingly having worried parents asking him about the future of their children who were showing serious behavioural changes like lack of tolerance towards others, shunning social interaction, and even violent behaviour. They were worried because they had never ever seen such traits in their children before the pandemic.

Masks during poll campaign: HC seeks stand of Centre, EC

Masks during poll campaign: HC seeks stand of Centre, EC

Rediff.com8 Apr 2021

The Delhi high court on Thursday sought response of the Centre and the Election Commission on a plea seeking to ensure that masks are worn mandatorily by everyone involved in poll campaigns during the ongoing elections in various states and union territories.

FSSAI licence number on invoice mandatory from Oct 1

FSSAI licence number on invoice mandatory from Oct 1

Rediff.com10 Jun 2021

Food safety regulator FSSAI has mandated food business operators to mention FSSAI licence or registration number on cash receipts or purchase invoice with effect from October 1 this year. The Food Safety and Standards Authority of India (FSSAI) has issued a latest order in this regard. Since complaints remain unresolved due to lack of specific information, this move will help consumers who can lodge an online complaint against a particular food business using the FSSAI number, it said.

Only 221 potholes? Court raps Bengaluru civic body

Only 221 potholes? Court raps Bengaluru civic body

Rediff.com19 Sep 2022

The BBMP advocate informed the court that the number of potholes being filled up is being updated every day and a total of 2,010 potholes had been filled and only 221 potholes remained till September 14, 2022.

Budget 2019: Govt to tighten screws on tax avoidance

Budget 2019: Govt to tighten screws on tax avoidance

Rediff.com17 Jul 2019

'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.

Microsoft to set up largest data centre in Hyderabad

Microsoft to set up largest data centre in Hyderabad

Rediff.com7 Mar 2022

Tech giant Microsoft will set up its largest and fourth data centre in India at Hyderabad with an investment outlay of over Rs 15,000 crore over a period of 15 years. "I am very happy to say today that Hyderabad will be the destination for Microsoft's largest Data Centre investment in India with an investment of over Rs 15,000 crore over a period of 15 years. "This will be one of the largest FDIs that Telangana has attracted," Telangana Minister for IT and Industries KT Rama Rao on Monday said at an event marking the announcement of Microsoft's latest data centre region in Hyderabad.

Audi's 3 mantras to set it apart from the competition

Audi's 3 mantras to set it apart from the competition

Rediff.com8 Feb 2022

Audi's strategy seems to point to pushing technology to directly connect with consumers using digital platforms and marketing to synchromesh into one seamless experience, says Pavan Lall.

Banks want time for card tokenisation

Banks want time for card tokenisation

Rediff.com20 Dec 2021

Tokenisation is the process of replacing debit and credit card numbers with a set of characters or tokens.

WhatsApp plans to roll out payments service in India later this year

WhatsApp plans to roll out payments service in India later this year

Rediff.com25 Jul 2019

WhatsApp's ambitious payment services' blueprint in India has been caught in a bind over concerns around authentication and its data storage practices.

From Jan 1, prefix '0' for landline to mobile calls

From Jan 1, prefix '0' for landline to mobile calls

Rediff.com24 Nov 2020

Callers will soon be required to add '0' prefix for making calls from landlines to mobile phones in the country, with the telecom department asking telcos to make necessary arrangements by January 1 to implement the new system. The department has accepted sectoral regulator Trai's recommendation for having the '0' prefix for such calls, a move that will create sufficient numbering space for telecom services. The Department of Telecom (DoT) in a circular on `modification of dialling pattern from fixed line numbers to cellular mobile numbers' said in order to ensure adequate numbering resources for fixed line and mobile services, Trai's recommendations dated May 29, 2020 have been accepted by the Department.

'Any investment is prone to risk'

'Any investment is prone to risk'

Rediff.com15 Dec 2021

'The markets haven't corrected, that doesn't mean that they will only go up and up.'

Even after a week, new I-T e-filing portal continues to face glitches

Even after a week, new I-T e-filing portal continues to face glitches

Rediff.com14 Jun 2021

A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond to notices and not all features functioning yet, chartered accountants said on Monday. The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly. But users complained of technical issues facing the site from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said, adding that taxpayers are unable to view past e-filed returns and many features/ facilities continue to be marked 'coming soon'. Finance Minister Nirmala Sitharaman herself had asked Infosys - the vendor which created the portal - and its Chairman Nandan Nilekani to fix the technical glitches.

Draft ecommerce policy to ensure goods sold online meet standards

Draft ecommerce policy to ensure goods sold online meet standards

Rediff.com15 Mar 2021

Conformity assessment procedures will be put in place to verify that goods and services sold on e-commerce platforms meet required standards and technical regulations, according to the draft e-commerce policy. The policy, which is under discussion, also stated that actions and things which cannot be done by the online platform entities "can also not be done" by any of its associates and related parties. Government may, from time to time, notify parties which fall in the definition of associates and related parties, it said.

WhatsApp Pay gets nod, eyes lion's share of market

WhatsApp Pay gets nod, eyes lion's share of market

Rediff.com8 Feb 2020

Facebook-owned messaging service WhatsApp has secured regulatory approval for launching its digital payment platform -- WhatApp Pay -- in a phased manner, close to two years after the US-based company's pilot run.

New IT rules to put legal obligations on social media platforms: Govt

New IT rules to put legal obligations on social media platforms: Govt

Rediff.com29 Oct 2022

India's tweaking of IT rules allow formation of Centre-appointed panels, that will settle often-ignored user grievances against content decision of social media companies, Minister of State for IT Rajeev Chandrasekhar said, adding that this was necessitated due to the "casual" and "tokenism" approach of digital platforms towards user complaints so far.

Why launch of WhatsApp Pay in India may be delayed

Why launch of WhatsApp Pay in India may be delayed

Rediff.com16 Oct 2019

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.

In times of COVID, how travel firms plan to generate revenue

In times of COVID, how travel firms plan to generate revenue

Rediff.com6 Aug 2020

While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.

Banks process nearly 2 mn e-mandates for auto-payment

Banks process nearly 2 mn e-mandates for auto-payment

Rediff.com27 Oct 2021

Nearly two million e-mandates for recurring payments have been registered with banks and card networks after the Reserve Bank of India (RBI) made it mandatory from October 1 to take prior consent of a customer before debiting her account, sources in know of the matter said. Industry estimates peg the recurring transactions at approximately 2.5 per cent of the total volume of transactions, and about 1.5 per cent in terms of value. Of these, around 75 per cent of domestic recurring transactions, and about 85 per cent international recurring payments are below Rs 5,000.

Kumar Birla: Budget invests boldly in India's future

Kumar Birla: Budget invests boldly in India's future

Rediff.com10 Feb 2022

As the FM said, this is a Budget that lays the foundation for the next 25 years, observes Kumar Mangalam Birla.

From layoffs to cost-cutting, start-ups brace for long funding winter

From layoffs to cost-cutting, start-ups brace for long funding winter

Rediff.com28 Oct 2022

On a cloudy Monday this month, Mohammed Irshad flew from Kochi to Gurugram to attend an exclusive investor networking event. Among a handful of founders selected for the event, Irshad was to pitch his peer-to-peer learning start-up Notespaedia for funding in front of top venture capital investors such as AngelBay, Elevation Capital, and Inflection Point Ventures. He failed to woo them, but the feisty entrepreneur was determined to continue his hunt.

Amazon's Bezos invests another $1 bn in India

Amazon's Bezos invests another $1 bn in India

Rediff.com15 Jan 2020

In December last year, Amazon invested over Rs 1,700 crore into its payments and wholesale business units in India, while in October it had infused over Rs 4,400 crore (more than USD 600 million) in its various units in India, including marketplace and food retail. Bezos last visited India in 2014 when he presented Amazon's Indian unit with a giant cheque for USD 2 billion. Since then, Amazon has pledged a further USD 3.5 billion to expand in the country and the USD 1 billion investment announced on Wednesday would take the total committed investment to USD 6.5 billion.

Ecommerce sites have to display country of origin for imported goods

Ecommerce sites have to display country of origin for imported goods

Rediff.com22 Jul 2020

E-commerce sites like Amazon, Flipkart and Snapdeal have to ensure that the country of origin is displayed on imported products sold on their platforms, the Centre told the Delhi high court on Wednesday.

Twitter blocks IT minister's account for one hour over 'violations'

Twitter blocks IT minister's account for one hour over 'violations'

Rediff.com26 Jun 2021

Twitter on Friday temporarily blocked IT Minister Ravi Shankar Prasad's account for alleged violation of the US Copyright Act, a move that the minister slammed as being arbitrary and gross violation of IT rules.

PNB fraud could have been prevented if only...

PNB fraud could have been prevented if only...

Rediff.com11 Dec 2018

Use of blockchain technology will ensure that banks will not be blindsided like in the case of the Nirav Modi-Mehul Choksi blowout at PNB, says Raghu Mohan.

The Man in the Middle of the Twitter Storm

The Man in the Middle of the Twitter Storm

Rediff.com10 Jul 2021

When the Delhi police served him a notice in May for a case involving tagging some political leaders' tweets as carrying manipulated media, a spirited Maheshwari said he was employed by Twitter Communications Private Limited, and not Twitter Inc, and, therefore, could not help them. The authorities were understandably not pleased.

India Wants World's Money, But Not World's Modernity

India Wants World's Money, But Not World's Modernity

Rediff.com14 Oct 2022

A bit of economic reforms stalled and decisions delayed -- what Narayana Murthy spoke of -- don't hurt if a country's compassionate and inclusive social fabric has survived intact; if the country is happy, observes Shyam G Menon.

'India's GST rates are highest in the world'

'India's GST rates are highest in the world'

Rediff.com10 Nov 2017

'There is something fundamentally wrong with the GST -- whether be it the rates, compliance, or the GST Network itself.'

Delay in communicating bail orders needs to solved on war footing: SC judge

Delay in communicating bail orders needs to solved on war footing: SC judge

Rediff.com3 Nov 2021

Supreme Court judge Justice D Y Chandrachud has termed the delay in communicating bail orders to prison authorities as a "very serious deficiency" and stressed the need to address it on a "war footing" as it touches the "human liberty" of every undertrial prisoner.

Delhi HC pulls up Twitter over obnoxious posts on Hindu goddess

Delhi HC pulls up Twitter over obnoxious posts on Hindu goddess

Rediff.com28 Mar 2022

A bench headed by acting Chief Justice Vipin Sanghi, which was hearing a petition against the allegedly obnoxious posts on Maa Kali by user 'AtheistRepublic', directed Twitter to explain how it undertakes the blocking of accounts.

Will respond strongly to frauds: Sequoia Capital

Will respond strongly to frauds: Sequoia Capital

Rediff.com17 Apr 2022

'We will take tough calls where needed in the interest of doing what is right.'

Twitter blocks accounts of Punjabi singer JazzyB, 3 others

Twitter blocks accounts of Punjabi singer JazzyB, 3 others

Rediff.com9 Jun 2021

Twitter has blocked accounts of Punjabi rapper JazzyB, Sydney-based hip-hop artist L-Fresh the Lion and two others following demands by the Indian government.

Moody's on how Omicron will affect emerging markets

Moody's on how Omicron will affect emerging markets

Rediff.com1 Dec 2021

The economic impact of the Omicron variant of COVID-19 on emerging economies will depend on a mix of government restrictions, public comfort with social interactions, and capacity of governments and central banks to provide additional policy support to the private sector, Moody's Investors Service said on Wednesday. The emergence of the new variant poses new risks to the global economic growth and inflation outlook, as concerns mount about the variant's health risks and several countries have imposed new travel restrictions in recent days. These restrictions will likely increase over the coming weeks until scientists learn more about the variant, it said.

HDFC Bank's S Jagdishan: 'Not a P&L person'

HDFC Bank's S Jagdishan: 'Not a P&L person'

Rediff.com8 Jul 2021

'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.