Author Archives: Vijayashankar Na

Last year, the Finance Ministry constituted a committee under the chairmanship of the former Finance Secretary, Mr Ratan P Watal, to review the framework related to Digital Payments. The committee submitted its report last month ahead of schedule probably in … Continue reading →

After the demonetization of Rs 500 and Rs 1000 currency on November 8, 2016, we have all been discussing cashless and less cash digital payment systems. Presently there are several options beyond the Cheques, NEFT, RTGS ,IMPS as well as … Continue reading →

Naavi.org has been from time to time bringing to the attention of the public the urgent need for RBI to issue a confirmatory circular regarding the “Limited Liability” it proposed through a draft circular No RBI/2016-17/DBR. No. Leg. BC/09.07.005/2016-17. In … Continue reading →

Cert-In has issued an order that suggests that  “Any Individual, “organization” or Corporate entity” affected by Cyber Security Incidents may report the incident to CERT-IN. (Copy of the Order) However some types of incidents need to be reported mandatorily. The … Continue reading →

Recently there was a WhatsApp message that UIDAI is offering a new service to enable an Aadhaar holder to block use of his biometric authentication requests  through a mandatory OTP. The message indicated that the service is provided through https://resident.uidai.net.in/biometric-lock. This … Continue reading →

There is an exercise going on in Delhi to modify ITA 2008. Last time when ITA 2000 was amended, the trigger was the Bazee.com case where the CEO of baazee.com (now ebay.in) was prosecuted under Section 85 of ITA 2000 … Continue reading →