Day: February 14, 2020

Digital payment industry at stake : Zero MDR

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National Payments Corporation of India (NPCI), which owns UPI and RuPay, could be paying the price for the government’s strong push the digital payments. NPCI, an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India.   Incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013), with…

Vijay Mallya begs to Indian Banks to take their money back

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Liquor baron Vijay Malaya, who has been absconding since long, has once again asked Indian banks to take back 100 percent of the principal amount owed to them at the end of his three-day British High Court appeal on Thursday against an extradition order to India.   The 64-year-old former Kingfisher Airlines boss, wanted in India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores in unpaid bank loans, said the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are fighting over the…

Pulwama martyrs remembered on Valentine’s Day

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February 14 is always remembered as Valentine’s Day and celebrated all over to spread the message of love!   But a year ago, this day of love and romance turned a black day for India, when 40 CRPF Jawans lost their lives in the Pulwama Terror Attack.   Pakistan received a strict and straight reply around 12 days after the terror attack, when in the wee hours of February 26, Indian Air Force jets bombed the JeM camp in Balakot, in Pakistan’s Khyber Pakhtunkhwa.   PM Modi on Friday paid rich tributes…

OITF 2020 highlights the untapped potential that Odisha holds for the ICT industry

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The 12th edition of the Odisha Information Technology Fair (OITF 2020), held in the capital city of Bhubaneswar, Odisha witnessed the coming together of a host of luminaries from the IT industry to discuss the issues pertaining to the state. The invitees to the event included IT & Telecom honchos, senior Government officials, industry leaders, VARs and SIs. With every passing year, the status and grandeur of the event has been gaining more and more popularity. VARINDIA OITF has played the role of a catalyst in forging some of the…

Bountiful Wishes for 2020: A New Year & A New Decade

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Every year, at the cusp of the year ending and beginning of the year ahead, I used to ponder what would be the most likely trend in information technology. In the earlier years, I used to bet on unraveling of block chain, Artificial Intelligence, hyper automation, distributed cloud computing, data mining and a host of other things that can be referred as mega trends in the digital landscape to take the technology to the next level. With the passage of time, my “wish lists” have not only become realties but…

Revenue Crisis, GDP, Private Investments: Union Budget 2020

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With the waning of global uncertainties, businesses are redoubling investments in IT as they anticipate revenue growth, but their spending patterns are continually shifting. The wait and watch on how the Union Budget 2020 would Fix India’s Macroeconomic Issues? BJP party members have also urged PM to announce steps to revive real estate and other sectors.   Sources said, “The country is facing a serious economic crisis, adding there was no alternative but to raise spending on infrastructure and welfare schemes to boost consumer demand and create jobs. FM Nirmala…

Indian banking industry is goes under serious transformation

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Battered by bad loan menace and fraud, the country’s banking industry eyes better days with mega merger of public sector lenders as well as massive capital infusion into them and the government’s assurance that bankers will not be harassed for genuine decisions that went haywire will provide succour. “Every fundamentals indicate towards higher growth and better future next year,” Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020. Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving…

The Indian M& E industry to touch $ 34.8 bn by 2021

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Entertainment Industry in India has registered an explosive growth in last two decades making it one of the fastest emerging industries in India. Television itself witnessed its transformation from a single government owned channels to a medium telecasting more than 300 national and regional channels. The Indian Media & Entertainment( M&E) industry will touch $ 34.8 bn by 2021. Outshining the global average of 4.2% CAGR, with advertising revenue expected to increase at a compounded Annual Growth Rate (CAGR) of 15.3% during the same period.   Digital advertising is expected…

Setting trends in Indian Politics

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India’s Muslim population is rising. In 2015, their number stood at 195 million, which, due to high birth rates, has almost doubled since 1991, according to the Pew Research Center. Their share has increased from 12% to 15% in this time period. By 2060, Pew estimates, there will be more Muslims in India than anywhere else in the world (Indonesia has more today), and they will constitute 19% of Indians.At the same time, the share of Muslims in the Lok Sabha, India’s 545-seat lower house of parliament, is in decline.…

Fastag: Politics behind India’s Tolls Highway Development?

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Introduction of FASTag sales, transactions and toll collections of National Highways Authority of India (NHAI) is primarily to push the government for digital toll collection, this initiatives is under the Road Minister Nitin Gadkari . It has hoped the difficulties faced by the road users’ during transition will soon be sorted out. However, recently, an instance of FASTag fraud was reported by an Axis Bank FASTag user. FASTags are prepaid rechargeable tags for toll collection that allow automatic payment deduction from the FASTag, they are normally affixed on the windscreen…