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About 22 results for "payment system data"

RBI crack team in secret location keeps financial system going

RBI crack team in secret location keeps financial system going

The idea is to keep the RBI’s information technology (IT) infrastructure in top shape to run the payments and settlement system uninterrupted 24x7, and run the full gamut of RBI functions from the secured data centres, as nearly 14,000 RBI staffers, except the senior-most management, work from home.  As the country goes on a self-imposed lockdown to fight the coronavirus contagion, a crack team of 150 people, in hazmat suits, is keeping India’s financial system up and running ..., 2 weeks ago

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

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. The National Payments Corporation of India granted permission to the California-headquartered WhatsApp on Thursday to operate WhatsApp Pay, which will cater to 10 million users in India during the first phase, a person in the know said. The NPCI approval follows the Reserve ...
 Rediff.com1 month ago

DoT gives telcos breathing space on AGR non-payment

The licensing finance policy wing of the telecom department on Thursday directed all departments concerned to not take any coercive action against telecom operators if they fail to clear AGR dues as per the Supreme Court order until further orders.  "The director of licensing finance policy wing has issued direction that concerned departments should not take any coercive action against the licensees in case they fail to comply with the Supreme Court order, until further orders," an ...
 Rediff.com2 months ago
Economic Times

Raghuram Rajan on how to keep India running after April 14

By Raghuram RajanEconomically speaking, India is faced today with perhaps its greatest emergency since Independence. The global financial crisis in 2008-09 was a massive demand shock, but our workers could still go to work, our firms were coming off years of ...
 Economic Times4 hours ago

How COVID-19 could change India's political economy

'While the poor have little say in shaping India's intellectual or public discourse, they do have a significant role in deciding political outcomes,' points out Roshan Kishore. IMAGE: Indians walk with their children in Ghaziabad to their villages last week during the national lockdown. Photograph: Vijay Verma/PTI   India has announced a 21-day national lockdown, beginning March 25, to prevent the spread of the COVID-19 pandemic in the country. Barring essential services such as food ...
 Rediff.com3 days ago

What Could Be the Potential Impact of a Lockdown on Your Mutual Fund Portfolio? Know Here...

Posted by Equitymaster The Coronavirus or COVID-19 cases are increasing by the day. The global count of confirmed cases is 6,34,835, while total deaths 29,957 reveals the World Health Organisation's (WHO's) latest situation report as of March 29, 2020 . It is ...
 Equitymaster.com4 days ago
Economic Times

It's not a loan waiver, stupid! Your EMI is getting deferred

Mumbai/Bengaluru: Rongsen Imchen, a mid-level executive in a Mumbai advertising agency whose future is as precarious any other salaried worker was rejoicing last Friday hoping her loan instalments for three months are waived after the Reserve Bank of India ...
 Economic Times6 days ago Waiver or deferment? Muddled messaging puts bankers in a fix  Economic Times6 days ago

Cognizant to pay 1.3 lakh India staff 25% extra salary in April

IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April in recognition of their extraordinary continuity-of-service efforts amid the covid-19 outbreak.  IMAGE: Cognizant CEO Brian Humphries. Photograph: Kind courtesy, Cognizant on Twitter The move is expected to benefit over 1,30,000 Cognizant employees in India.  Cognizant CEO, Brian Humphries, in a note to ...
 Rediff.com1 week ago

Coronavirus: India Inc's 5-point wishlist for Modi

Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer. Top India Inc representatives, in an unusual video-conference meeting with Prime Minister Narendra Modi on Monday, sought a fiscal stimulus for industry to battle the coronavirus crisis that has forced factories and offices to shut down indefinitely. The business leaders, including Hindustan Unilever chairman and managing director Sanjeev Mehta, TVS chairman Venu Srinivasan, and ...
 Rediff.com1 week ago

Fed Cuts Interest Rate to Zero, Biggest Intra-Day Recovery for Indian Indices, SBI Cards IPO Debut, and Top Cues in Focus Today

Posted by Equitymaster Editor's note: Dear reader, we are now on Telegram! Get our latest views on stock markets and more, instantly. Join our Telegram channel here! It was indeed a volatile trading day for share markets in India on Friday. Indian stock ...
 Equitymaster.com3 weeks ago
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