False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
While the market for satellite broadband currently is small, the potential is large as an estimated 30 per cent of the country does not have reliable terrestrial broadband services.
Customers would be able to make money transfers, pay utility bills and recharge their mobile and DTH connections with just one click and a single PIN entry
India ranks 83, among 166 countries, in spending on mobile rates
Vodafone can mitigate risks of money-laundering through M-Pesa by making sure the funds are being traced.
The court's observation came while granting bail to a person accused of running call centres in the country and defrauding United States citizens to the tune of about $20 million.
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday. The real GDP growth for the first quarter of FY24 will come at 8.1 per cent with an upward bias and the Reserve Bank of India's 6.5 per cent estimate can also be exceeded, economists at the country's largest lender SBI said. "We expect Q1 FY24 GDP growth at 8.1 per cent with an upward bias due to the impact of Rs 2000 note withdrawal event...this reinforces our projection that FY24 GDP could be higher than 6.5 per cent, basis the RBI estimate," a note said.
Bharti Airtel is all set to start financial services on mobile phones as the company has been granted a licence by the Reserve Bank of India recently.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
The CBI has booked five people for allegedly posing as Microsoft tech support and siphoning off USD 400,000 (Rs 3.37 crore as per current rates) retirement funds of a US citizen, officials said on Friday.
Your awareness about the effect of the home loan tenure and EMI on your loan empowers you to take better decisions, explains Gaurav Mohta.
India may be 15th among the top 25 Artificial Intelligence nations, but it has the 'the greatest upward potential' according to research by Tufts University's business school, the Fletcher School. At the top is the US, followed by China, fighting for global leadership in AI followed by the UK, Japan, and Germany. In the 15th spot, India is ahead of Brazil, Argentina, Indonesia, Mexico, Turkey, Indonesia and Thailand.
The EPFO launched one-page simplified forms for withdrawal.
Finance Minister P Chidambaram is banking on the aspirations of people to own a swanky new mobile phone to boost the government's indirect tax revenue in the next financial year.
The mobile payments market has gained traction in recent years, because of factors such as higher penetration of handsets in comparison to coverage of population with banking services and benign regulatory environments.
Mastermind Shrinivas Rao Dadi, 49, who has sound technical knowledge despite limited education, was taken into custody by a team of Bangur Nagar police station from a plush hotel in Hyderabad, the official said.
The restrictions "shall remain in force with effect from February 26 to February 28, 2023 (23:59 hrs)," according to an official order.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
India's internet subscriber base is 100-150 million, depending on whose estimates you take, and is growing at 20-30% a year.
The state police has so far arrested 112 supporters of Amritpal.
Observing that a look out circular (LOC) restricts a person's free movement and the right to travel, the Calcutta high court has said it should be issued only in exceptional circumstances.
How will the RBI announcement on loan moratorium work for those with home loans, auto loans, personal loans, consumer durables loan? Here's what experts have to say.
According to Kyiv, Russia blew up the dam "in panic" ahead of a planned Ukraine counter-offensive, while Russia accuses Ukraine of launching "mass artillery attacks" on the structure to deprive Crimea of water and provide a distraction from the battlefield.
Maoists blew up a middle school and a mobile phone tower in Bihar's Gaya district early on Wednesday, police said.
Dhillon told reporters that IPS Section 304 slapped against the Nihang could be converted into Section 302 (murder) following further investigation.
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
They were called to the special cell office in the afternoon and questioned till late evening, a Delhi police source said.
Telecom major Bharti Airtel on Monday launched its 'Airtel Money' service, which will allow its subscribers to pay for groceries, bills and other dues through their mobile phones.
Small queues were witnessed at some bank branches on Tuesday for the exchange of Rs 2,000 notes against smaller denominations as part of the withdrawal exercise. As per the RBI guidelines issued on Friday, the exchange of Rs 2,000 facility is available from Tuesday. A person can exchange up to a limit of Rs 20,000 at a time without filling any form or requisition slip.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
A section of analysts feel now may not be a bad time to buy select PSBs.
The SMS-based application extends DBT's payment architecture to individuals, where their Aadhaar number will be linked to their bank accounts at the back-end.
In its efforts to check the use of mobile phones in terror activities, the Ministry of Home Affairs is likely to advice the Department of Telecommunication to direct all mobile phone operators to get two existing cellular customers as guarantors before issuing SIM card to new customers.
Under this initiative, ICICI Bank's customers can transfer money anytime and anywhere in the country to people having an account in the bank using their Reliance mobile phones, it said.
Over the short to medium term, valuations are more likely to move down than up.
The NPCI has permitted non-residents from 10 countries, including the US, Canada and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts. The National Payments Corporation of India (NPCI) in a circular said it has been receiving requests for allowing non-residents to use international mobile numbers for transacting in Unified Payments Interface (UPI). Accordingly, the NPCI in a circular dated January 10 has asked the UPI participants to put in place a mechanism by April 30 under which non-residents having NRE/NRO accounts will be allowed to transfer funds using their international mobile numbers.
Agreement between Bharti Airtel and Loop Mobile, which offers mobile services in Mumbai, expired on October 31
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.
'Even if your phone goes missing for 15 minutes, be warned.' With e-wallets playing a larger role in transactions, these precautions are a must.
The 'Invest Odisha' mobile app is currently available on the Android platform.
