Ritesh Shukla was speaking at the Global Technology Summit (GTS) 2021 organised by think tank Carnegie India and the Ministry of External Affairs. ThePrint is a digitial partner.
Since the enactment of PSS Act in 2007, the digital payments landscape has undergone extensive changes but the law governing it in India continues to function with various gaps.
BillDesk, backed by Visa, was one of the pioneers of online payments in India alongside larger rival Paytm. Its services are common especially among retailers in the country.
These vouchers are person- and purpose-specific, meaning if they are released by the government for the purpose of vaccination, then they can be redeemed only for that.
In a boost to India's digital payments space, four consortiums have shown interest in new umbrella entities (NEUs). ThePrint explains what they are and why there's an interest.
The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems, with more firms banding together before a 31 March deadline.
Survey says that while demonetisation brought digital payments into mainstream, GST enabled it further, but it is the Covid-19 pandemic that has really accelerated it.
The victory at Basantar exemplified the sterling character of Lt Gen Hanut Singh. His regiment, Poona Horse, rose to the moment under his command and accomplished the mission.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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