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About 19 results for "electronic clearing service"

Government clears Rs 15,935-crore plan to buy guns for military
Rediff.com

Government clears Rs 15,935-crore plan to buy guns for military

In a major decision, the defence ministry approved capital acquisition proposals worth Rs15,935 crore which included purchase of 7.40 lakh assault rifles, 5,719 sniper rifles and light machine guns to bolster the strength of the armed forces. The long-pending proposals were cleared at a meeting of the Defence Acquisition Council, the defence ministry’s highest decision making body on procurement. The approval to the proposals come amid increasing hostilities by Pakistan along the Line of ... Rediff.com, 2 months ago

How the Communists killed Bengal's industry

West Bengal's longest serving chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.Ishita Ayan Dutt tracks the political excesses behind the state's downfall. IMAGE: Starting in the 1960s, labour disputes and lock-outs in many companies lasted more than a year, marking their decline. Photograph: Keystone/Getty Images It is the late 1960s. Urban Bengal has taken to the Naxal movement and parts of Calcutta (as Kolkata was called ...
 Rediff.com1 month ago
Trak.in

KYC Rules Driving Away Mobile Wallets Users; Firms Report 95% Loss In Transactions!

Reserve Bank of India has made it clear that KYC or Know Your Customer rule is mandatory for all users of any financial instrument, and this includes mobile wallets as well. March 1st, 2018 was the deadline for all users of such wallets to complete their KYC ...
 Trak.in11 hours ago
Rediff.com

How AI will change India economy

The catch is the need for a supportive framework in place that allows free and fair use of such technology. By the year 2021, around 60 per cent of the country's Gross Domestic Product (GDP) is expected to be derived from digital products and services. Created through the use of technologies such as Artificial Intelligence (AI), the Internet of Things and cloud computing, among others.   So says a study commissioned by information technology major Microsoft. It says digital transformation ...
 Rediff.com1 week ago
Sify

Kaleidofin raises $2.8mn towards expansion of customer-base, investments

FinTech platform Kaleidofin announced that it has raised USD 2.8 million in a seed round of investments to accelerate customer acquisition pan-India, expand the company's network of strategic partners, and enable deep investments in technology and analytics.
 Sify2 weeks ago
Rediff.com

UIDAI files case for alleged misuse of Aadhaar data

UIDAI has asked police to investigate, it was not fully convinced about nature of the incident The Unique Identification Authority of India (UIDAI) has registered a criminal case against unknown persons after it found that biometric details of individuals were illegally stored and used for carrying out unauthorised transactions. Under the UIDAI Act, storing of biometrics and using these for any purpose other than for authentication or verification by the registered agencies is a criminal ...
 Rediff.com2 weeks ago

Sensex Continues Momentum; Metal Stocks Gain

Posted by Equitymaster After opening the day firm, share markets in India have continued the momentum and are trading above the dotted line. Sectoral indices are trading on a positive note with stocks in the metal sector and stocks in the PSU sector leading ...
 Equitymaster.com4 weeks ago

Relationship in Retail

Retail has almost come of age in India. Many big retailers keep good database on customer demographics and spending patterns. Some also keep records of needs, attitudes, personal information (employer, job title, hobbies), and even important dates in a ...
 The Financial Chronicle4 weeks ago
Rediff.com

How Modi govt had once used Facebook, Google for digital push

From educating people about the internet, connecting far-flung areas with a high-speed net, promoting entrepreneurship, building start-up incubators, women empowerment, to even running a voter registration campaign, cybersecurity and counter-terrorism, Facebook and Google have done it all for the government. Photograph: Stephen Lam/Reuters The Indian government may have ‘unfriended’ Facebook last week after it warned the social media giant from interfering and influencing next ...
 Rediff.com4 weeks ago
Rediff.com

'India's IT system is safe and secure'

'Information highways are getting stronger and being strengthened.''Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?' Illustration: Uttam Ghosh/Rediff.com "India has the biggest footprint of Facebook," Information Technology Minister Ravi Shankar Prasad tells Kiran Rathee. There have been reports of cyber theft and data loss on a regular basis. How secure is India's cyber space? First of all, India's IT system is safe and secure. I will ...
 Rediff.com1 month ago
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