RBI plans 2025 launch of cloud services, countering dominance of global firms

(0)
News

The Reserve Bank of India’s planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank.

Leave a Reply Cancel reply

Is your credit card data safe online? Here are 5 ways to protect it
Credit card security is essential with digital transactions. Always verify website security, avoid public Wi-Fi, and use two-factor authentication. Do not share card details through insecure methods. Remain alert to phishing scams to ensure your financial safety during online payments.
Airtel Axis Bank Credit Card: Is it the best option for utility bill payments?
Credit Cards: The Airtel Axis Bank Credit Card gives 25% cashback on Airtel services, 10% cashback on other utilities and orders placed with preferred merchants, and 1% cashback on other spends.
Holiday Season Travel: 3 smart ways to minimise your vacation costs
December vacations are pricey, but with proper planning, they can be affordable. Choose your destination wisely, book stays and flights in advance, and embrace local culture for a rewarding travel experience.
Why banks flag business expenses paid on personal credit cards
Maximising rewards on credit cards can be enticing, but it comes with conditions, especially for business owners. Banks track spending patterns to discourage the use of personal cards for business expenses.
Personal loan for self-employed: What are the eligibility criteria, interest rates, and documents needed?
Personal loans for self-employed persons require proof of income stability and a good credit score. Minimum income varies by lender, with loans ranging from ₹50,000 to ₹80 lakh. Interest rates range from 10.85% to 24%, with repayment options between 12 to 60 months.
Personal Loan: How inflation influences your interest rates? Explore here
Personal loan: The interest rates are affected by inflation and the repo rate set by the RBI. As inflation rises, borrowing costs increase, while a decrease in repo rates can lead to lower interest rates for consumers. Understanding this relationship helps in managing debt effectively.
Changing jobs? Here’s how it can affect your personal loan eligibility
Personal loans: Frequent job changes can affect personal loan approval due to lenders' focus on employment stability. Borrowers can enhance their chances by maintaining good credit and communicating with lenders, despite potential income verification issues.
Credit Cards: Fixed vs Variable APR – Pros, cons, and key insights
Credit cards: It provide convenience, but APR is crucial for understanding borrowing costs. Fixed APR offers stability, while variable APR can lead to lower initial rates but varies with market changes. Recognizing these options is essential for effective money management.
Charge Card vs. Credit Card: Which one is right for you? Find out
Credit cards: It allow borrowing up to a limit and offer flexibility with repayments, while charge cards require full payment each cycle, without interest. Understanding their differences helps in selecting the right option based on spending habits and financial needs.
What are the tax implications of selling property without a PAN?
If you do not have a PAN, the buyer is obligated to deduct tax at the higher of the prescribed rates – 20% as per Section 206AA of the Income Tax Act, 1961.

RBI plans 2025 launch of cloud services, countering dominance of global firms

Leave a Comment

Leave a Reply Cancel reply