News and Articles

Memorandum of Understanding between India and Finland in the area of Cyber Security

Submitted by dhananjay on Wed, 06/12/2019 - 21:43

New Delhi : The Union Cabinet, chaired by the Prime Minister Narendra Modi, was apprised of a Memorandum of Understanding on the cooperation in the area of Cyber Security between India and Finland.

The MoU intends to promote closer cooperation for exchange of knowledge and experience in detection, resolution and prevention of security related incidents between India and Finland.

The MoU was signed in January, 2019.
[PIB]

RBI imposes penalty of Rs.3.05 crore on Vodafone m-pesa, Rs.1 crore each on My Mobile, Phonepe & GI Technology and Rs. 5 lakh on Y-Cash

Submitted by dhananjay on Fri, 05/03/2019 - 22:25

Mumbai : In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following five Prepaid Payment Instrument (PPI) Issuers for non-compliance of regulatory guidelines, says a press release from RBI.

Name of the PPI Issuer, order date and penalty details are as below.

RBI imposes penalty over Rs 29 lakhs on Western Union and over Rs 10 lakhs on MoneyGram

Submitted by dhananjay on Fri, 05/03/2019 - 22:24

Mumbai : As per the press release from the Reserve Bank of India (RBI), it has, vide orders dated April 20, 2018, imposed monetary penalty of ₹ 29,66,959/- and ₹ 10,11,653/- on Western Union Financial Services Inc., USA and MoneyGram Payment Systems Inc., USA, respectively, for non-compliance of regulatory guidelines.

These penalties have been imposed in exercise of the powers vested in RBI under the provisions of Section 31 of the Payment and Settlement Systems Act, 2007 for compounding of the contraventions, says the release.
[RBI]

Use Science & Technology to bring in a positive change in the lives of people: Vice President tells Techies

Submitted by dhananjay on Tue, 04/23/2019 - 18:44

New Delhi : The Vice President of India, Shri M. Venkaiah Naidu has asked the youngsters and students to use science and technology and their intellect to bring in a positive change in the lives of people.

Addressing the 1st Convocation of Indian Institute of Information Technology, Sri City (IIIT Sri City), in Chittoor District of Andhra Pradesh today, Shri Naidu called upon the youth to make impactful contributions to the society by providing solutions to pressing problems of the nation such as poverty, illiteracy, climate change, hidden hunger, urban-rural divide, and others.

"Virtual reality centre" a reality - shall boost indigenous warship design capabilities

Submitted by dhananjay on Fri, 04/12/2019 - 23:42

New Delhi : Admiral Sunil Lanba, PVSM, AVSM, ADC the Chief of the Naval Staff, inaugurated the maiden ‘state-of-the-art’ Virtual Reality Centre (VRC) at the Directorate of Naval Design (Surface Ship Group), today. This centre would provide major boost to the Indigenous warship design capabilities of Indian Navy, providing impetus to self-reliance and greater fillip to warship construction under “Make in India” initiative of the Indian government.