Nov 12, 2020 - Indian move to regulate digital media raises censorship fears

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From the Editor's Desk

The C.E.O. Who Promised There Would Be No Layoffs

In 10 years running Mastercard, Ajay Banga has favored a forward-looking approach.

When the pandemic hit, Mastercard's chief executive, Ajay Banga, made a promise to the company's 19,000 employees: There would be no layoffs as a result of the economic destruction wrought by the virus.

It was a decision he could afford to make. During his 10 years as chief executive, Mr. Banga vastly expanded the company's reach. Revenues roughly tripled, and profits quadrupled.

Mr. Banga says he didn't achieve these results simply by managing for the short term. When he took over in 2010, he told investors that he would not be giving quarterly earnings guidance. Instead, he offered investors a rolling forecast of where Mastercard would be in three years, and set to work striking new partnerships around the globe.

The strategy worked. Mastercard stock has soared by more than 1,000 percent during his tenure, outperforming competitors Visa and American Express.

Continued here

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RTGS payments to be available round the clock starting Dec 1. Check details here

Under the current rules, the transfers can be made between 7 am and 6 pm on all working days except for the second and fourth Saturday of the month and on Sundays

Today's TradeBriefs Cartoon

Will the new market share cap on UPI apps affect the user experience?

UPI has undoubtedly become the face of a cashless India. The use of this ingenious payment interface has made it possible to make swift and simple digital transactions. So it is hardly a surprise that as many as 2 billion UPI transactions took place in the month of October alone! In the midst of this exponential growth in the UPI industry, the National Payments Corporation of India (NPCI) has made a rather shocking announcement that has ruffled many feathers amongst Third-Party Apps like Google Pay and PhonePe.

Businesses get 4 months to implement QR code-based payment system

The government had also instructed tax officials to verify deemed GST registrations granted to business entities without Aadhaar authentication.

Personal data protection is essential to fully capitalise on the benefits of India's digital revolution: Cyble

/PRNewswire/ -- As an unfortunate flipside to the new data-fuelled World order, the growing digital interconnectivity has paved the way for greater...

Digital India’s regulatory paradox

By moving to censor online content, resorting to frequent internet shutdowns, government could end up stalling sector's innovation, growth.

Digital learning in govt higher educational institutions from 2020-21 academic yr

The Karnataka government on Monday said it has decided to implement Learning Management System (LMS) based digital learning in government higher educational institutions from the 2020-21 academic year.

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