India Started its own Payment Gateway "RuPay"

RuPay

New Delhi, May 8 (IANS) President Pranab Mukherjee Thursday dedicated to the nation indigenous card payment network called RuPay taking on the global players like Visa and MasterCard.

The new payment network developed by the National Payments Corporation of India (NPCI), a not-for-profit company envisioned by the Reserve Bank of India (RBI) and created by the banking industry, covers all the automated teller machines (ATMs) and most of the retail and e-commerce platforms.

"RuPay" is the coinage of two terms Rupee and Payment.

"Dedication of RuPay to the nation is symbolic of the maturity of the payment system development in India," Mukherjee said after formally launching the card at a function at Rashtrapati Bhavan.

Satya Nadella's letter to Microsoft employees

Speech by  new CEO of Microsoft

Microsoft Corp named India-born Satya Nadella as its next chief executive officer.Following is the text of Microsoft's new CEO Satya Nadella's letter toemployees. Today is a very humbling day for me. It reminds me of my very first day at Microsoft, 22 years ago. Like you, I had a choice about where to come to work. I came here because I believed Microsoft was the best company in the world. I saw then how clearly we empower people to do magical things with our creations and ultimately make the world a better place. I knew there was no better company to join if I wanted to make a difference. This is the very same inspiration that continues to drive me today. It is an incredible honor for me to lead and serve this great company of ours. Steve and Bill have taken it from an idea to one of the greatest and most universally admired companies in the world. I've been fortunate to work closely with both Bill and Steve in my different roles at Microsoft, and as I step in as CEO, I've asked Bill to devote additional time to the company, focused on technology and products. I'm also looking forward to working with John Thompson as our new Chairman of the Board.

Cloud Computing: Indian Scenario

Today is the age of information technology. The facets of work and personal life are moving towards the concept of availability of everything online. Understanding this trend, the big and giant web based companies like Google, Amazon, Salesforce.com came with a model named “Cloud Computing “ the sharing of web infrastructure to deal with the internet data storage, scalability and computation. This is the one of the most emerging concept in the I.T Field.

The phrase cloud computing means the “internet based computing”. It is expression used to describe a variety of different computing concepts that involve a large number of computers that are connected through a real time communication network. Cloud computing is a type of computing that relies on sharing computing resources.

A cloud is a powerful combination of cloud computing, networking, storage, management solutions, and business applications that facilitate a new generation of IT and consumer services. These services are available on demand and are delivered economically without compromising security or functionality.

Main advantage of cloud computing is that you don’t need to store the data on your computer. All the data is saved in one server through which all the devices are connected. So that, you can access your data from anywhere. In the server all the applications are installed so that you don’t need to install the software in all other computer.