It was conceived as a way of improving the quality and accuracy of financial data systems for better risk management post the 2008 financial crisis.
First, the Reserve Bank in its policy review announcement made last week, announced that starting December 14, the Real Time Gross Settlement (RTGS) System will be available 24x7.
RTGS is meant for large-value instantaneous fund transfers while NEFT is used for fund transfers of up to Rs 2 lakh.
Venezuela has awarded licences to a unit of Russian oil major Rosneft to develop two offshore gas fields, Rosneft said in a statement.
Igor Sechin, the head of Russian oil giant Rosneft and a close ally of President Vladimir Putin, failed to appear as a witness Monday in the bribery trial of former economy minister Alexei Ulyukayev.
Rosneft's market capitalisation stands at $57 billion and the deal makes it one of the largest investments ever made by China into Russia.
The issue of additional payout to the ex-minority shareholders came up after criticism rose that the promoters enriched themselves too much with the delisting.
Rosneft will get a 49.13 percent stake in Essar and the Trafigura-UCP consortium via Kesani Enterprises Company Limited will get another 49.13 percent stake.
IT experts identified the virus as "Petrwrap", a modified version of the Petya ransomware which hit last year and demanded money from victims in exchange for the return of their data.
The attacking tool is believed to be ransomware of the so-called Petya malware type, which earlier affected firms in Russia including oil giant Rosneft and Ukraine. Here's how you protect your system
Venezuela's leftist government has grown increasingly close to Russia's Vladimir Putin.