A blatant rip-off of a popular browser ended up winning Rs 75 lakh in a competition for indigenously developed web browsers.
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Although the order was later revoked, the government’s use of the online content blocking law against licensed NBFCs without consulting the central bank was misguided.
The government has put over 90 fintechs on notice in its latest attempt to clean up the digital lending space.
The reluctance of both industries to bear the cost of the UPI infrastructure and the excessive power that banks wield in the regulatory ecosystem are deepening the divide