The RBI on Wednesday, July 14, barred Mastercard from onboarding new credit, debit and prepaid card customers with effect from July 22. The action will not impact existing customers of Mastercard, the RBI said. Taking action against Mastercard, the RBI said, “notwithstanding lapse of considerable time and adequate opportunities being given, the entity has been found to be non-compliant with the directions on Storage of Payment System Data”.
Indian Americans
White House Official Raj Shah becomes the first Indian-American to hold press gaggle aboard Air Force One
WASHINGTON (TIP): It was a historic moment when on Thursday, November 30, Raj Shah, who holds a key position in the White House, gaggled with reporters on board presidential Air Force One, becoming the first […]
India
Luck shines on MP farmer for sixth time as he mines 6.47 carat diamond in Panna
Panna (TIP): For the sixth time in two years, a farmer in Panna district of Madhya Pradesh has mined a high-quality diamond – this time weighing 6.47 carat – in a land taken on lease […]
Science & Technology
Prof to live 100 days in underwater hotel
London (TIP)- As nightmares go, being trapped in a small box deep underwater is probably high on many peoples’ lists. But one US professor is doing this on purpose. Joe Dituri, a former US navy […]
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