According to two bankers who are close to the development, National Payments Corporation of India is looking for a launch date around August 15 and wants a senior RBI executive to launch it officially.
The bill proposes mandatory storage of critical personal data within India only, and leaves the definition of ‘critical data’ for the ministry to consider after consultations with citizens.
Companies will have to store financial data here if it’s notified as critical data, a move that will add to their costs.
This is the second time that the corner office at the payments bank has fallen vacant.
With this partnership the company will be installing QRcode based payment solutions to digitise consumer retail payments in Japan by the second half of 2018.
Property consultants peg the deal size at ₹120-150 crore, based on the market price of ₹12-15 crore an acre at Sector 137 off Noida Expressway where Paytm has bought the land.
With almost 90% of the tax filings happening on Cleartax being done by individuals, the tech startup is also looking at more companies using the platform to file their taxes.
Startup entrepreneurs like Anupam Mittal, founder of Shaadi.com, Sachin Bhatia of MakeMyTrip, Nitish Mittersain of Nazara Tech have participated in the round.
The company which claims to settle claims within 10 to 20 minutes over a phone call, is targeting to reduce the time taken to 7 minutes.
IRCTC also said that this move would help reduce the excessive load that these B2C agents throw onto IRCTC’s ticket booking website.
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