x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Ram Madhav in valley: ‘Have asked people to plan next holiday in Kashmir’ | J&K Police Recruitment 2019 last date: Apply for 2700 posts before Oct 22 | Pak gets 'Zor Ka Jhatka' in Neelam Valley | Army destroyed 3 terror launch pads in PoK, killed 6-10 Pakistani soldiers: Gen Bipin Rawat | After durbar, Pakistan may heat up Jammu frontiers further | Admin setting new rules aimed at making Aam Aadmi more significant | Officers posted at primary posts on pick and choose basis, transfers prematurely | RDD procures tiles double than annual manufacturing capacity of firm | Retired Head Draftsman reengaged just after retirement in SICOP | If detaining 200-300 people help in keeping peace, then let them stay there for a little longer: Ram Madhav | Deptt's functioning suffers due to shortage of senior officers | Over 380 Ladakhi-Origin cops to be transferred from J&K to Ladakh | Arbayeen E Hussaini observed in Kargil | Farmers demand fair compensation for paddy crop losses | LMD fines Rs 50,000 to Car Manufacturer | Sat inspects completed developmental works at Sarwal | MPEJ urges upon BSNL authorities to release pending salary | JKNPP to celebrate 72nd Anniversary of J&K Accession Day | BDC elections big joke with people of State: AAP | Race Narayana IIT/NEET Academy launches NSET-2019 | Free medical camp organised | Madhu Param Hans delivers spiritual nectar | NSF constitutes JU unit; Ankush nominated as president | PLS, PSS jointly organize Punjabi Kavi durbar | Vishwakarma Shobha Yatra taken out | Corrupt practices thrive in Kashmir | Apple Terrorism | Open loot the name of tax collection along Jammu-Kishtwar NH | Civilian injured in Pak shelling in Kathua, locals protest | Detection of Rs 1100 cr JK Bank scam only tip of iceberg: Harsh | Two jawans martyred, civilian killed in Pakistan firing at LoC in Kupwara | Chief Secretary reviews functioning of Tourism department | Pvt bus services resume on Jammu-Pathankot highway as transporters temporarily call off strike | JK to get true 'self-rule', 'autonomy' under Modi: Jitendra | Jammu police beats Jammu legeny by 7-2 | Samwad Theatre group presents Shankar Shesh's ' Komal Gandhar' | KPS organizes mid-term educational carnival | MBSCET organizes workshop on IOT | Jammu Sanskrit School celebrates Diwali | Zorawar seeks support of society to intensify war against drug menace | Shiv Sena starts "Saheb Khana" for Rs. 10 | SCC Udhampur appeals to senior citizens to avail facility | AJKLTF demands redressel of teaching fraternity' issues before Diwali | Women & child rights panel asks schools to ensure safety, security of children' | BJP committed to fulfill promises: Kavinder | ReT Forum demands release of 8 months' salary before Diwali | JCS submits memorandum to MP Shamsher Singh | Kamal elected as president Matador workshop owner union | Procession to commemorate Chehlum taken out | Sarore Toll Plaza should be abolished at earliest: Manohar | BDCs polls gateway to development: Khanna | Septuagenarian goes missing from Poonch | TWS organizes relief distribution function | Northern Army commander visits forward posts in Siachen sector | Army gave befitting by destroying terror launch pads in PoK: Ravinder Raina | BJP dares Congress to clarify its stand rather than mislead the public | Power shut down | DC visits border villages to assess damages due to cross border firing | Plus 2 Lecturers' Forum demands benefit of ACP | Youth found dead in Bani | Desperate ultras playing with students' career, stooping low: Raman Suri | Advisor Sharma for revolutionizing housing sector of Srinagar | MNP holds meeting with over-aged Kashmiri migrants | Symposium on Beti Bachao Beti Padhao organised at GDC Kishtwar | ABVP Karykarta Abhyas Varg concludes | ASKPC urges centre to constitute expert committee | Natrang stages play 'The Oval Portrait' | Polluted air is costing us lives: Dr Sushil | 6 Jammu artists display art works at All India Exhibition of Arts | Arbayeen-e-Hussaini observed in Kargil | Back Issues  
 
news details
WhatsApp Pay Can't Launch Without RBI Nod, Central Bank Tells Top Court
5/3/2019 4:30:14 PM

NEW DELHI: The Reserve Bank of India (RBI) has today informed the Supreme Court that messaging service WhatsApp cannot operate its in-chat money transfer feature WhatsApp Pay without its permission. The RBI also said no such permission had been given.
During the hearing, the bench of Justice Rohinton Nariman and Vineet Saran told the WhatsApp legal team of Kapil Sibal and Arvind Datar, "RBI says you are not following the law" and asked for an explanation.

In response, they said data servers were located outside India and the product was still in its trial phase and would only be finalised in July, to which the Supreme Court warned, "Our hands are long enough".

The RBI was responding to an order by the court involving a petition filed by the Centre for Accountability and Systemic Change (CASC). The petition claims WhatsApp Pay has failed to comply with a RBI circular that prescribed data localisation norms.

The top court is to further hear the case in July.

The central bank was represented by Solicitor General Tushar Mehta.

The data localisation norms in question relate to the storing of payments-related data within India. WhatsApp reportedly has over 200 million users in the country and is one of the largest bases for the Facebook-owned company that has over 1.5 billion users globally.

In its original plea, CASC said, "WhatsApp is a foreign company with no office or servers in India. To run Payments Service in India, WhatsApp is obligated to have its office and payments in India".


"Moreover, it is also required to have a Grievance Officer for users in India. Yet, it is being allowed to continue with its payments and other services, without any check," the plea claimed.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU