RBI removes walls between e-wallets, soon a Paytm user can transact with a MobiKwik user

Inter-operability to help players increase business


To make the use of digital cash more prevalent and convenient, a digital wallet user would soon be able to accept cash from the user of another Ewallet, because of the Reserve Bank of India (RBI) tweaking its guidelines.

Current Affairs News : For example, a Paytm wallet user would soon be able to accept cash from a PhonePe wallet user.

Opening up the strings of digital wallets, the RBI on Wednesday said it would issue revised directions by October 11 to allow “inter-operability” among prepaid payment instruments (PPIs). These include digital wallets, prepaid cash coupons and prepaid telephone top-up cards. PPIs are a substitute for paper currency.

It is expected that PPIs can inter-operate within six months of the revised directions, the RBI said in its “Statement on Developmental and Regulatory Policies”.

ALSO READ: RBI pauses, revises growth forecast down sharply

The RBI said the feedback received was examined and it was decided to rationalise the operational guidelines with a view to encouraging competition and strengthening security of operations, besides improving customer grievance redressal mechanisms.

The first guidelines for issuance and operation of PPIs came in April 2009 with the objective to create an ecosystem. In March, the RBI asked for feedback on the PPI industry. At present, two people using the same digital wallet can do transactions; in less than six months, people using digital wallets from different companies would be able to send and receive money from each other. Read More










Ryan school murder: 2 admin officials sent to police, judicial custody

On Wednesday, SIT teams searched the school premises for clues, while a CBSE panel looked into security loopholes


Ryan International Group’s northern zone head Francis Thomas was on Wednesday sent to three days police custody while the school’s human resource head Jeyus Thomas to five days judicial custody by a Sohna court in connection with the murder of a seven-year-old student.

The Gurgaon Police had arrested Francis and Jeyus, under relevant sections of the IPC and Juvenile Justice Act, following the gruesome murder of Pradhuman on Friday last.

ALSO READ: Gurugram boy murder: Bombay HC grants interim relief to Ryan Group trustees

The schoolboy’s body was found in a washroom with the throat slit.

Francis was sent to police custody till September 16 while Jeyus to judicial custody till September 18 by the court, an SIT officer said.

ALSO READ: Transfer Ryan murder case outside Sohna for ‘fair’ trial: School official

Earlier in the day, five days after the gruesome murder, SIT teams searched the school premises for clues to the crime while a CBSE panel also inspected it to examine loopholes in the security arrangements. Read More

The only safe email is text-only email

Safe email is plain-text email; showing only the plain words of the message exactly as they arrived


It’s troubling to think that at any moment you might open an email that looks like it comes from your employer, a relative or your bank, only to fall for a phishing scam. Any one of the endless stream of innocent-looking emails you receive throughout the day could be trying to con you into handing over your login credentials and give criminals control of your confidential data or your identity.

Most people tend to think that it’s users’ fault when they fall for phishing scams: Someone just clicked on the wrong thing. To fix it, then, users should just stop clicking on the wrong thing. But as security experts who study malware techniques, we believe that thinking chases the wrong problem.

The real issue is that today’s web-based email systems are electronic minefields filled with demands and enticements to click and engage in an increasingly responsive and interactive online experience. It’s not just Gmail, Yahoo mail and similar services: Desktop-computer-based email programs like Outlook display messages in the same unsafe way.

Simply put, safe email is plain-text email – showing only the plain words of the message exactly as they arrived, without embedded links or images. Webmail is convenient for advertisers (and lets you write good-looking emails with images and nice fonts), but carries with it unnecessary – and serious – danger, because a webpage (or an email) can easily show one thing but do another.

Returning email to its origins in plain text may seem radical, but it provides radically better security. Even the federal government’s top cybersecurity experts have come to the startling, but important, conclusion that any person, organization or government serious about web security should return to plain-text email: Read More

7 coaches of Shaktipunj Express derail in UP, no casualties reported

The train was running at a speed of about 40 km/hr which, officials say prevented any injuries


Seven coaches of the Jabalpur- bound Shaktipunj Express derailed today in Sonbhadra district of Uttar Pradesh, a railway official said.

“The accident occurred at around 6:25 AM and we have already cleared out the site,” Railway ministry spokesperson Anil Saxena said.

“All passengers were put on the remaining coaches and by 7:28 AM all of them had left the spot. All of them are safe and no one was injured in the accident,” he said.

Also Read : Reliance Industries to turn ex-bonus on Thursday; stock extends gains

The train was running at a speed of about 40 km/hr which, officials say prevented any injuries when the incident occurred.

This is the third such derailment in the state in less than a month.

On August 19, the Utkal Express had derailed in Muzaffarnagar district, killing 22 people and injuring 156.

About 100 passengers were wounded when 10 coaches of Kaifiyat Express train derailed after crashing into a dumper which strayed on to the tracks in Auraiya district on August 23.

Gauri Lankesh: A firebrand journalist vocal on secularism and Dalit rights

Best quality in Gauri was one could always argue with her, dispute her and tell her she was wrong


“Be careful about what you post on social media. We live in dangerous times,” I told Gauri Lankesh last week. She replied saying “We can’t be so dead. It is human to express and react. What we feel impulsively is usually our most honest response.”

On Tuesday night, she was shot and killed in cold blood. The killing was not impulsive. It was well thought and carefully planned, like the murders in Maharashtra and Karnataka of the rationalists and thinkers Narendra Dabholkar, Govind Pansare and M.M. Kalburgi that she had herself condemned and protested.

I grew up in a family of writers. My father, K. Marulasiddappa, and P Lankesh, Gauri’s father, were colleagues and close friends. Lankesh was an English lecturer. My father taught Kannada.

ALSO READ: Right-wing critic, senior journalist Gauri Lankesh shot dead in Bengaluru

We lived in the same neighbourhood. My mother often left me in the care of the Lankesh household. Whenever I argued with Gauri, she used to joke saying “Magane (child), I used to babysit you before you learned how to speak.”

But the best quality in Gauri was that one could always argue with her, dispute her and tell her she was wrong. And no matter how fierce our arguments, she respected our right to say what we did. We were close friends because we could disagree. It was a quality that she inherited from her father.


Gauri’s father was a firebrand writer and thinker. In 1980 he launched the Lankesh Patrike, a tabloid in black and white. It carried no advertisements. Lankesh believed that publications succumb to favouring rich corporations or powerful government officials and politicials because they sponsor ads that are a crucial to a newspaper’s survival. Lankesh believed this would kill journalistic integrity. He decided that Lankesh Patrike was to run purely on circulation. Read More

Mumbai rains: 7 dead, 25 feared trapped as 5-storey building collapses

This is the first major building collapse after Tuesday’s Mumbai deluge


Seven persons were killed, 15 others injured, while around 25 people are feared trapped after a five-storey residential building collapsed in Bhendi Bazaar area of south Mumbai on Thursday.

The building, located at Pakmodia street near the J J Hospital, with 12 rooms and six godowns on the ground floor, crumbled at around 8:30 am.

According to fire brigade sources present at the spot, “There were around nine families staying in the building. Thirty people are feared trapped”.

Also Read : Last day to link PAN-Aadhaar? Decision on extending deadline today

The disaster management cell of the Municipal Corporation of Greater Mumbai (MCGM) received a call about the collapse at 8.40 am.

“We immediately rushed fire brigade personnel to the site to rescue the trapped people,” a senior MCGM official said.

A senior police official said seven persons, including an elderly couple, died and 13 others were injured in the incident. The injured were admitted to the J J Hospital.

“The exact number of trapped people cannot be known immediately,” DCP, Zone 1, Manoj Sharma said.

Their identity is being established.

A 45-member team of the National Disaster Response Force (NDRF) is carrying out the rescue operation with the help of fire brigade personnel.

It is not known whether the building was on the list of dangerous structures under the MCGM limits.

The incident occurred two days after the city was pummelled by torrential rains, which may have caused damage to the building.

Read our full coverage on Mumbai rains

India@70: Are we really ahead of China & Pakistan? Find out

In 56 years, Indian income up 21 times, but progress slower than China, Malaysia


Latest Current Affairs : In the 70 years since independence, India has made most progress in improving life expectancy, literacy, but has been slower in improving the level of income, and reducing infant mortality rates when compared to five other nations.

On the eve of Independence Day 2017 , we compared the progress India has made in improving income, health, education, and in preserving its forests, to five countries–China, Pakistan, Malaysia, South Korea and Brazil.

Why we chose these countries

We chose China because it had roughly the same per capita income in 1960 as India did. Our analysis showed that even though China and India are constantly compared, until now, China has outperformed India across most wealth and health indicators.

We looked at South Korea to get a sense of how India performed compared to a country that has gone from being a developing to a developed country after 1947.

We used Pakistan to compare progress in a country that shares the same history and culture, and was formed at the same time as India.

Brazil, one of the BRICS (Brazil, Russia, India, China and South Africa) countries, serves as a comparison with another emerging economy that is estimated to become one of the largest in the world over the next 30 years.

We picked Malaysia because it is, like India, multicultural and, although it was more prosperous than India when independence came, it has weathered significant ethnic tension and conflict. It represents the unique dynamism of a region, southeast Asia, in close proximity to India.

In 56 years, Indian income up 21 times, but progress slower than China, Malaysia

India’s Gross Domestic Product (GDP) per capita (current US$)–which is the average income of each citizen and reflects the well being of the population–increased 21 times from $81.3 (Rs 1,705) in 1960 to $1709.4 (Rs 1,14,530) in 2016, according to World Bank estimates. But India made slower progress as compared to China, Malaysia, Brazil and South Korea. Read More