{"id":35154,"date":"2018-10-31T15:29:50","date_gmt":"2018-10-31T09:59:50","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=35154"},"modified":"2018-10-31T15:29:50","modified_gmt":"2018-10-31T09:59:50","slug":"trai-chief-calls-for-zero-cost-for-digital-transactions","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/trai-chief-calls-for-zero-cost-for-digital-transactions\/","title":{"rendered":"TRAI chief calls for zero cost for digital transactions:\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-business\/trai-chief-calls-for-zero-cost-for-digital-transactions\/article19679797.ece\">TRAI chief calls for zero cost for digital transactions<\/a>:<\/p>\n<p><strong>Context:<\/strong><\/p>\n<p>Telecom Regulatory Authority of India (TRAI) Chairman R.S. Sharma emphasised on the need for a speedy solution to issues of data ownership and privacy.<\/p>\n<p><strong>Introduction:<\/strong><\/p>\n<ul>\n<li>Sharma on Wednesday suggested removal of costs related with digital payments such as merchant discount rate (MDR) for promoting digital transactions in the country.<\/li>\n<\/ul>\n<p><strong>Purpose:<\/strong><\/p>\n<ul>\n<li>The purpose was to have a sustainable digital transactions system.<\/li>\n<li>To ensure that Merchant discount rate is zero, especially for small value transactions<\/li>\n<\/ul>\n<p><strong>Data Privacy:<\/strong><\/p>\n<ul>\n<li>India is moving towards a data world and data has become extremely important.<\/li>\n<li>Issues of data ownership, its privacy and security are extremely important.<\/li>\n<li>With services like a lot of \u201cmetadata\u201d about users is given out and stored in clouds, not with the government but private firms. There is need to have data privacy.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TRAI chief calls for zero cost for digital transactions: Context: Telecom Regulatory Authority of India (TRAI) Chairman R.S. Sharma emphasised on the need for a speedy solution to issues of data ownership and privacy. Introduction: Sharma on Wednesday suggested removal of costs related with digital payments such as merchant discount rate (MDR) for promoting digital&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/trai-chief-calls-for-zero-cost-for-digital-transactions\/\">Continue reading <span class=\"screen-reader-text\">TRAI chief calls for zero cost for digital transactions:\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-35154","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704770016},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=35154"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/35154\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=35154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=35154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=35154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}