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Mobile users may soon be able to switch from postpaid to prepaid using OTP


Mobile phone subscribers may soon be allowed to switch from a postpaid connection to prepaid and vice versa by using an OTP-based authentication and without a need to change SIM card, according to an official DoT note.
Industry body Cellular Operators Association of India (COAI) has proposed the mechanism to the Department of Telecom (DoT) and the department has asked telecom operators to carry out proof of concept (PoC) on the same.
The final decision on allowing the change in the account will depend on the outcome of PoC, according to the DoT note.
The PoC for conversion from prepaid to postpaid and vice versa may be carried out by the telecom service providers as per the procedure.The decision regarding implementation of the procedure shall be taken after the assessment of the outcome of the PoC, DoT ADG Suresh Kumar said in the note issued on May 21. ....

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Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts


Dairy debt less of a concern to Reserve Bank as loans repaid with cream payouts
5 May, 2021 12:30 AM
4 minutes to read
Worrying national dairy sector debt level coming down. Photo / File
Reserve Bank concerns about dairy farming debt appear to have eased as milk prices remain robust and farmers pay down debt, but an industry stress test paints a grim picture if prices slide for an
extended time.
The Reserve Bank s latest financial stability report said while dairying s share of agriculture sector lending by banks remains considerable , it had declined from 69 per cent to 63 per cent in recent years.
With banks encouraging farmers to use current strong milk prices and low interest rates to pay down existing debt, and a falling number of farmers identified by banks as financially stressed, the dairy sector was building resilience, said the report. ....

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