Tuesday, July 3, 2012
Monday, March 5, 2012
How not to be a loser
Information technology has become one of the driving forces of change in the economy - just like electricity, the automobile, telecommunications and the airplane have been in the past. But because technological revolutions also make winners and losers of individuals, firms and regions, can we predict the impact IT will have on our lives? More to the point, can we make sure we end up among the winners of the IT revolution - or, at least, avoid joining the ranks of its losers? Perhaps.
With today's technology, we can already process so much information that there are virtually no content or handling constraints. What's more, the inevitable development of increasingly powerful …
India's Central Bank Asks Foreign Airlines To Stop Overseas Card Settlements.(News)
Byline: Ankush Chibber
The Reserve Bank of India is clamping down on foreign airlines operating in India by mandating they stop using overseas banks to settle card transactions used to buy airline tickets in India.
Foreign airlines have an arrangement in India with credit card networks to allow customers to select the currency used when buying tickets in India.
In such a transaction, the overseas bank receives funds from the card company in its account maintained with an authorized dealer bank in India or in its foreign currency account …
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