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”.
India
Big boost for auto sector PLI as FY25 allocation hiked to Rs 3,500 crore
New Delhi (TIP)- The government on Thursday, Feb 1, announced an over seven-fold increase in allocation for the automotive industry’s production-linked incentive scheme for 2024-25 to Rs 3,500 crore, the interim budget documents showed. According […]
India
Supreme Court favors regulation of OTT platforms
The Supreme Court on Thursday, March 4, made it amply clear to OTT (over-the-top) platforms like Netflix and Amazon that it is in favor of “screening” content shown by them. It said some of the […]
Indian Americans
Indian American physician-author Dr. Siddhartha Mukherjee on UK non-fiction prize longlist
LONDON (TIP): Indian American physician-author Dr Siddhartha Mukherjee’s ‘The Song of the Cell: An Exploration of Medicine and the New Human’ has been longlisted for the prestigious Baillie Gifford Prize for Non-Fiction here on Wednesday, […]
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