Amid talk about the new IT rules of the central government, microblogging site Twitter has released its statement and said that it will continue to negotiate with the Indian government. Twitter issued a statement saying that Twitter is committed to the people of India. Our service has proved to be important for public interaction and has supported people during epidemics. We will try to follow the applicable law in India to continue our service.

Twitter further stated that as we do worldwide. We will adhere strictly to the principles of transparency, commitment to empower every voice in the service, freedom of expression under the law and to protect privacy. Worried over police bullying tactics

Twitter also said, “We are currently concerned about the recent incidents in relation to our employees in India and the potential threat to the freedom of expression of the users.” He said that we are working on new rules for citizens of India and around the world. Also concerned with the police’s bullying tactics to enforce the conditions.

Twitter will continue talks with the Indian government

Twitter further stated that we plan to advocate changes to those elements of these regulations. We will continue the dialogue with the Government of India and believe that it is important to adopt a collaborative approach. Protecting the public interest is the collective responsibility of elected officials, industry and civil society.

Facebook and Google are doing preparations

Digital companies Google and Facebook said on Tuesday that they are taking steps to comply with the new IT regulations. The companies said this a few hours before the new IT rules came into effect for Internet media companies. The new rules were announced on 25 February. Under these rules, large social media platforms such as Twitter, Facebook, Instagram and WhatsApp will be obliged to take additional measures.

 If you use mobile phone wallets like Phone-Pay, Google-Pay, Amazon-Pay or Paytm, then there is good news for you. Now it will also provide the facility to withdraw cash from ATMs. The Reserve Bank of India has recently allowed this. Under this, you no longer need to go to the ATM with a debit or credit card to withdraw cash from the ATM.

Banking facilities including SBI

At present, this facility has been made available by other banks including State Bank of India from its mobile app, but now you will get this facility from these phone wallets as well. Not only this, now people with phone pay can send or demand money to Google Pay or Amazon Pay. Till now only one type of users can use it. However, for this, the KYC or Know Your Customer formality will have to be completed.

You can withdraw only 2000 rupees at a time

After the expansion of this facility, you will be able to withdraw only Rs 2000 from an ATM through your phone wallet. At the same time, you can withdraw up to a maximum of Rs 10,000 in a month. For mass transit systems such as PPI, Metro cards, FastTags, etc. are excluded from interpatability. But with the introduction of the new facility, they will be able to deposit money in the POS or POS system. This facility is still available only to debit or credit card holders.

The facility will be applicable from April 2022

Although the new facility will come into effect from April 2022, but till then you should be mentally prepared for it. Till now people of such facility were waiting. While most shops and other business establishments, including petrol pumps, had direct payment for phone-pay, Google-pay or Paytm, there was no facility to withdraw cash and send money to other phone wallets. 

If you want to get some new stuff on monthly installment (EMI) but you do not have a credit card, then you do not have to worry anymore. The private sector ICICI Bank has announced to give its customers the facility to purchase goods on equal monthly installment (EMI) through Internet banking. The bank has named this facility as ‘EMI @ Internet Banking’. A press release issued by the bank said that the facility aims to facilitate millions of pre-approved customers to purchase large amounts of goods on EMI. 

ICICI Bank has said that the bank’s millions of pre-approved customers can instantly convert their transactions up to Rs 5 lakh to EMI through digital. This release states that with this feature customers can now buy their favorite gadgets or pay their insurance premiums or children’s school fees in easy EMI from their savings account using internet banking platform.

ICICI Bank has claimed that it is the first bank in the industry to offer EMI through internet banking platform. ICICI Bank has tied up with Bill Desk and Razor Pay to provide this facility. The bank has said that at present, this facility has been introduced for more than 1000 merchants in categories such as online shopping portals, insurance, travel, education-school fees and electronic chains. The bank is also trying to add other merchants, payment gateways and segments under this facility in the near future. 

The benefits available under the ‘EMI @ Internet Banking’ facility are as follows:

1. Accelerated and Digital Process: Customers can convert their high value financial transactions into EMIs instantly and digitally by making payments through the bank’s Internet banking platform.

2. This facility is available on many fronts: Customers can choose this facility to buy their favorite gadget or pay insurance premium or to pay school fees for their child or for holiday.

3. Transaction limits: Customers can purchase products or services ranging from Rs 50,000 to Rs 5 lakh. 

4. Duration: Customers can choose the period of their choice from three months, six months, nine months and 12 months.

Step-by-step process to avail ‘EMI @ Internet Banking’ facility:

1. Select the product or service on the merchant website / app, select ‘ICICI Bank Internet Banking’ as the payment mode.

2. Enter the User ID and Password, select the ‘Convert to EMI’ tab on the Payment Details page.

3. Choose the payment period – Enter the OTP received on the registered mobile number and complete the payment.