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Not everyone needs a large ticket loan from the bank. And, many can’t go to the bank because they either have no, or at best limited, credit history.Jai
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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
May 24, 2021
Some of the largest companies in the world are teaming up with local conglomerates to get a share of India’s fast-growing online payments ecosystem.
Four consortiums have submitted applications for the National Umbrella Entity (NUE) licenses, which will allow firms to build a real-time payment platform for India. These consortiums include companies such as Silicon Valley giants Facebook and Google, and India’s largest businesses like Reliance Industries, Tata Group, HDFC Bank, and ICICI Bank.
The Reserve Bank of India had invited applications for NUE licenses in August 2020. The new platforms will work as alternatives to the country’s only instant digital retail payment network, the United Payments Interface (UPI).
The Supreme Court of India. | Sajjad Hussain/AFP
The Supreme Court e-committee last week issued a draft Digital Courts Vision and Roadmap, drawn up by a sub-committee of experts consisting of Agami, Daksh and the Vidhi Centre for Legal Policy. The three NGOs are funded by a mix of Indian philanthropists ranging from the Nilekani Philanthropies to Tata Trusts to Tree of Life Foundation, amongst others.
The vision document in question is meant to deal with Phase III of the e-courts project, which is administered by the Supreme Court’s e-committee and funded largely by Parliament. Since its conception in 2004, the Supreme Court’s e-committee has overseen the expenditure of approximately Rs 1,300 crores of public money on the e-courts project with little to no oversight. In the last 17 years, there has been only one external evaluation of the entire project commissioned by the government – and even that was a hurried job.