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Money Order Service Not Discontinued, Says India’s Department of Post
The Money Order service, the old and trusted mode of remittance, was very much available, the Department of Post today said, strongly refuting the reports otherwise.
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- Uncategorized
- Region
- South Asia
- Tags
- remittances
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India’s Bad Loans Situation May Not Have Peaked Yet, Says RBI Chief
India's banking system may not yet have seen the peak in bad loans, the Reserve Bank of India Governor Raghuram Rajan said on Thursday, adding the central bank was working with lenders to recognise and resolve these non-performing assets.
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- Uncategorized
- Region
- South Asia
- Tags
- lending
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Walmart Taps Alipay to Bring Mobile Payments to 25 China Stores
The world of mobile payments in China keeps heating up.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Buddhist Monk in Thailand Relies on Karma for Lending Success
Buddhist monks aren’t really known for dipping into the material world of finance. Phra Subin Paneeto, though, says he felt he didn’t have much choice when he saw his neighbors near Thailand’s border with Cambodia were struggling to make ends meet.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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India Needs to Improve Healthcare As Part of Global Millennium Development Goals: WHO
India and many other southeast Asian countries need to improve their record on public healthcare, the WHO said today as it warned that the world will fall short in achieving the UN's Millennium Development Goals (MDGs) on many indicators by the end of this year.
- Categories
- Agriculture, Health Care
- Region
- South Asia
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How Telecoms And The Indian Government Stop Net Neutrality in Its Tracks
Hidden under the guise of enabling the Indian population with faster and more reliable services, the major players in telecoms, such as Airtel and Reliance, have adopted new policies that could undermine the basic building blocks of Internet access in India.
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- Technology
- Region
- South Asia
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Viewpoint: Contributory Social Security Schemes Launched Last Week in India Could Be Game Changers
The prime minister launched three welfare-enhancing pension and insurance schemes on May 9. In a country where less than 10 per cent of the population has insurance cover and almost nobody in the unorganised sector has a pension plan, these three schemes are expected to play a significant role in providing social security for the poor.
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- Uncategorized
- Region
- South Asia
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Uber Begins Testing Cash Payments in India
Uber today announced that it will begin testing a cash payments system in Hyderabad, India, marking a global first for the credit card-based mobile app. In a blog postpublished today, the company described the initiative as an "experiment" in a part of the world where many consumers prefer to pay for services in cash.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- transportation