this network is completely free, the users or vendors don't pay any charge to use it..
It's basically instant payment from any bank account to any other bank account in India.
The money is directly debited and credited to the bank accounts, no intermediary wallets etc
It’s ironic how Americans, with their gas-guzzling SUVs, cranked-up ACs, and thousands of miles of leisure air travel, lecture Indians—most of whom light their homes with a single LED bulb and commute short distances on two-wheelers—about cutting carbon emissions.
Maybe the West should slash its own energy consumption and lifestyle excesses before preaching. If the price of improving living standards in developing nations is a few low-lying countries going under, so be it.
not really, I graduated from both some of the best universities in the west, worked for some large MNC and now back in India running my own business, the future is in the east
In India banks have to do all due diligence before money is sent out,once sent they cannot claw back unless they have a cout order...
All this due diligence has to be done within that few hours...
Same here but the banks are able to speak to each other and actually make sure the money is there within 6 hours between any banks/branches within the country
In India our cheques clear in less than 6 hours irrespective of the bank, branch or location.. are you guys still usingbhorse buggies to send cheques for clearing?
UK already has a HVDC line to main land Europe and is very success.. The distance is much smaller but after tis line came into operation, energy price across UK and Europe stabilised further and the peaks seen in the energy spot market reduced substantially. Interconnected energy grids are good from a market and economic point of view..
In India the monthly cost for insulin therapy can range from INR 1,000 to INR 5,000 which is around 12 USD to 60 USD
and it's not subsidised, the companies sell it for profit...