Banking Alert! RBI sets deadline for non-CTS cheque books

February 7, 2020

The Reserve Bank of India (RBI) in its Statement on Developmental and Regulatory Policies issued today has informed that the Cheque Truncation System (CTS), which is currently operational at the major clearing houses of the country will be made operational pan India by September 2020. This means if you are still holding a non-CTS cheque book, your cheques will not get cleared by the banks after that. Most banks have…

Read More >>

Xiaomi, Huawei, Oppo and Vivo Join Forces to Take On Google Play Store

February 7, 2020

China’s Xiaomi, Huawei Technologies, Oppo and Vivo are joining forces to create a platform for developers outside China to upload apps onto all of their app stores simultaneously, in a move analysts say is meant to challenge the dominance of Google’s Play store. The four companies are ironing out kinks in what is known as the Global Developer Service Alliance (GDSA). The platform aims to make it easier for developers…

Read More >>