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Demonetisation: Micro-ATMs, Point of Sale asked to guard against cyber attacks

-PTI NEW DELHI: With the usage of micro-ATMs and POS counters witnessing a sharp surge post demonetisation, the country's premier cyber security agency CERT-In has cautioned customers, bankers and traders against skimming and malware attacks on these systems and asked them to adopt high-end encryption to plug possible breaches. The CERT-In, nodal agency to combat hacking, phishing attacks and to fortify security-related defences of the Indian Internet domain, has issued two specific...

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Imposed only reasonable restrictions, govt. tells SC -Krishnadas Rajagopal

-The Hindu Affidavit in SC denies any lack of preparedness in implementing the demonetisation policy Curb on money transactions, including withdrawals and wedding expenses, are “only reasonable restrictions” imposed on the rights of the public for a limited time, the government said in its latest affidavit. “Cancellation of legal tender of Rs. 500 and Rs. 1,000 notes is only a reasonable restriction and regulatory in nature. Merely because there is a restriction on...

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Aadhaar all set to replace PIN, password -Mahendra K Singh

-The Times of India NEW DELHI: The Aadhaar number is all set to become an alternative for all online and card transactions which require password and PIN. Unique Identification Authority of India (UIDAI) is developing a mobile app that can be used by shopkeepers, merchants or individuals for receiving payments. The move is part of the drive, anchored by Niti Aayog, to make India a cashless economy after the government scrapped high-value...

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Parched South: Drinking water woes, failed crops force people to migrate -Vikram Gopal

-Hindustan Times Deficient rainfall has led to a severe drought in Karnataka, Tamil Nadu and Kerala with 54 out of 76 districts in the three states facing acute water shortage that has left farmers the worst hit. In Karnataka, where the northeast monsoon (Oct to Dec) has been 79% deficient, water in major reservoirs is down by half, drinking water is getting scarce and migration has been reported from many villages, government...

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What is Islamic Banking and why does the RBI want it in India? -Seema Rao

-Scroll.in The Islamic financial system works on the principle of not charging interest. What is Islamic banking? Islamic banking is a banking system in accordance with the Shariat. In Islam, money has no intrinsic value – money, therefore, cannot be sold at a profit and is permitted to be used as per shariat only. The Islamic Law or Shariat prohibits paying any fee for renting of money (called riba) for specific periods of...

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