According to the draft rules, the Centre has to, once every five...
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Kerala partners with SAS to strengthen social welfare schemes delivery using Artificial Intelligence
The collaboration marks an important milestone in Kerala’s ongoing...
AI’s volatile power demand is damaging Its own data centers
AI data centers put particular strain on their power supply when...
US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction
Filed by states, municipalities, school districts and individuals, the lawsuits allege that social media companies intentionally addicted young users, contributing to surging depression, anxiety and body-image issues and a broader mental health crisis among American...
Careless AI use could create new forms of financial exclusion, instability:RBI Governor
Reserve Bank of India Governor Sanjay Malhotra said AI built on top of this digital infrastructure has the potential to significantly change financial services and improve financial inclusion, but warned that the technology also carries risks if not deployed...
UPI stays free for users, vast majority of transactions to remain free for merchants as well: Govt
Justifying marginal charges the government has said with exponential transaction volumes through UPI, the system requires significant and continuous upgrades in cybersecurity, fraud prevention, and infrastructure. It is also necessary to increase competition by...
Amit Shah stresses cybersecurity, announces 24/7 cyber surveillance for urban cooperative banks
"There is an increase in digital transaction frauds. The forensic science support is crucial for banking safety and collaboration with the National Forensic Science University (NFSU) is very crucial," Union Home and Cooperation Minister Amit Shah said while addressing...
FM says MDR on UPI applies to merchants, not customers; fintechs, banks will invest more on security
Nirmala Sitharaman,Finance Minister The government is likely to allow a levy of 0.25 per cent to 0.4 per cent as merchant discount rate (MDR) or charges on UPI payments above Rs 2,000 made to businesses, while keeping payments made by one person to another outside the...
Govt paves way for return of merchant fees on digital payments
An amendment to India's Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of a merchant discount rate (MDR) on digital payments
Govt paves way for return of merchant fees on digital payments
An amendment to India's Payment and Settlement Systems Act, tabled in parliament by Finance Minister Nirmala Sitharaman, would allow the introduction of a merchant discount rate (MDR) on digital payments, according to industry and regulatory sources. NEW...
SC extends mandatory TP vehicle insurance period by one yr, asks IRDA to implement it immediately
The Supreme Court directed third-party insurance period for new vehicles be extended by one year, ordering that new cars must henceforth be covered for four years and new two-wheelers for six years at the time of purchase It directed all stakeholders to comply with...
SC issues nationwide directions to tackle digital fraud, asks RBI to circulate SOP on mule accounts
Seeking greater accountability, the bench asked the authorities to submit a report containing state-wise and bank-wise details of grievances registered and disposed of under the cyber fraud redressal mechanism.It further directed authorities to ensure the prompt...
EV Transition: Plugging in new insurance solutions
India’s electric mobility revolution is moving from promise to reality, with EV sales recording strong growth across segments. As adoption accelerates, insurers must rethink traditional motor cover to address battery risks, charging infrastructure, specialised...