Tag: payment
With 2.31 lakh crore deposits and over 53 cr accounts, PM Jan Dhan Yojana completes ten years
New Delhi: After a decade of its commencement, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has achieved a milestone of a total of 53.13 crores…
GST: GST sleuths tracking merchants skipping tax via digital payments
The rapid growth of digital payments has also increased the scrutiny of online merchants due to a spike in cases of tax evasion, people aware…
RBI issues norms to improve safety of payment systems
The Reserve Bank of India (RBI) issued guidelines for non-bank payment system operators (PSOs) to ensure that they are resilient in the face of existing…
IRDAI asks life insurers to offer surrender value in first year
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to offer a surrender value from the first year itself, a…
Dream11 insolvency: NCLAT tells IRP to take no further steps in Dream11 insolvency; NCLT order to remain for now
The National Company Law Appellate Tribunal, Thursday, noted that the order passed by the National Company Law Tribunal to initiate insolvency proceedings against the parent…
Husband wins Rs 12.52 lakh as travel insurance claim after 14 years long fight against the insurer Bajaj Allianz
Bajaj Allianz General Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) via an order dated December 27, 2023 to reimburse $20,000 plus…
I-T department tweaks disclosure norms for charitable institutions claiming exemption
The income tax department has made changes to the disclosure requirements for charitable institutions claiming income tax exemption. Effective from October 1, the amendments to…
2000 note ban: Rs 2000 notes cleanup: How the demise of the pink notes is set to supercharge India’s economy
In what may be a consolation to the worried citizens of the country, the Reserve Bank of India‘s decision to withdraw Rs 2,000 banknotes from…
myanmar: Myanmar wants Rupee-Kyat trade arrangement by June-end
Myanmar Commerce Minister U Aung Naing Oo on Monday expressed hope that a Rupee-Kyat trade arrangement between the two nations is finalised by June-end. Oo…
india russia trade: India, Russia suspend negotiations to settle trade in rupees
India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its…