RBI Sees Economic Recovery for India, Powered by Resilient Domestic Demand
The Reserve Bank of India (RBI) economists have highlighted a positive shift in economic activity indicators during the second half of 2024-25 (…
Retail India News: RBI Increases UPI Tax Payment Limit to Rs 5 Lakh
In a significant move impacting retail and financial transactions in India, the Reserve Bank of India (RBI) has raised the tax payment limit via UPI…
Britannia Names Former RBI Governor Urjit Patel as Independent Director
Britannia Industries has made significant strides in bolstering its governance and expertise with the appointment of Dr. Urjit Patel, former Reserve…
GST refund adversely effects Small biz exports
Delay in refund of upfront goods and service tax and input credit has adversely affected the exports by small businesses. The same has been…
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US payment firms, Paytm face off in data storage debate
US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter…
ED imposed Rs 14-crore penalty on Videocon, 6 group companies in 2017
Following a directions from the Reserve Bank of India (RBI), the Enforcement Directorate (ED), Mumbai in May 2017 had imposed a penalty of Rs 14…
Suresh Prabhu To Convene First E-commerce Think Tank Meeting For Framework of National Policy On E-Commerce
Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, will chair the first meeting of the think tank on the Framework for National…
Paytm Enables Large Transactions To Take On Its Rivals
In its plans to overpower WhatsApp and Google’s payment businesses in the country, Paytm has tweaked its app’s user experience and brought multiple…
Future Retail Receives RBI Nod For 49% Hike In RPFI
Future Retail led by Kishore Biyani's Future group has received approval from the RBI to increase the limit of its Registered Foreign Portfolio…
Paytm Allows Non-KYC Users To Use Gift Vouchers
Consumers can still load money into a Paytm wallet even if they haven’t completed their Know-Your-Consumer (KYC) formalities. Paytm appears to be…
Paytm Payment Bank Looks For Partnerships With Full Fledged Lenders
Paytm Payments Bank (PPB) will stitch together multiple partnerships with full fledged commercial banks for different products as it seeks to tide…
RBI approves Fairfax's acquisition of 51 percent stake in CSB
Prem Watsa-led Fairfax Financial Holdings has received Reserve Bank of India (RBI)'s approval to acquire up to 51 per cent stake in Kerala-based…
RBI gives in-principle nod to Mobiwik to set up payment system
 Mobile wallet firm MobiKwik has announced that its users across the country will be able to pay their utility and convenience bills using the…
Paytm launches P2P payment system in place of APP PoS
Paytm, digital wallet platform had recently launched India's first APP PoS allowing all small and medium merchants to accept all card payments…
Reserve Bank of India relaxes norms for loans against gold ornaments
NEW DELHI: The Reserve Bank today relaxed the limit of loan that banks can sanction against the pledging of gold ornaments and jewellery. On…
100% FDI in m-wallet
Mobile wallets and e-wallets will soon be opened to 100 per cent FDI, but with stringent rules to safeguard stability of the country's financial…