Approvals have been stuck for almost a year after the finance ministry raised some concerns over the scheme, calling it “open-ended.”
Centre to cap total incentives under M-SIPS at Rs 10,000 crore
A simplified app for Aadhaar payments is also in the works which will have a standard interface and is likely to be launched next week.
Uber operates across 73 countries. India has became the largest market outside the United States for Uber and accounts for 12 per cent of all Uber trips globally.
Software industry has raised serious concerns about the National Policy on Software Products. The government says specification can hurt innovation but may increase window for consultation to get more feedback.
Tally was recently chosen as one of the 34 GST Suvidha Providers -- agencies which will provide front end services such as tax filing.
The government did not have a clear definition for software products and hence did not tax it separately, is another major concern.
In view of the several hacking incidents in the country by hacker group ‘Legion’, the ministry of electronics and IT has ordered a series of measures, including audit of the financial sector starting immediately with NPCI, review of the IT Act to make it stronger.
Such uniform branding would help create awareness amongst the general public on availability of digital transactions with merchants, he said.
In an online interview to ET on Monday, the hacker group had said that the Indian banking system is "deeply flawed".
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