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Incentive Scheme Unveiled for RuPay Debit Cards and BHIM-UPI for FY 2023-24

   14 March 2024 at 09:14

The Ministry of Finance initiates an Incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (Person to Merchant) for the financial year 2023-24.

Posted in Others |   1869 Views


NEFT Achieves New Milestone of 4.10 Crore Daily Transactions

   04 March 2024 at 09:07

NEFT system has achieved a milestone on February 29, 2024, by processing 4,10,61,337 transactions, the highest number of transactions processed in a day so far...

Posted in Others |   123 Views


Hyderabad YouTube Lecturer Arrested for Defrauding Chartered Accountants of Rs 2.48 Crore

   28 February 2024 at 09:11

The Hyderabad police have apprehended Srinath Rathi, a 29-year-old individual running a YouTube channel, on charges of defrauding chartered accountants to the tune of Rs 2.48 crore.

Posted in Others |   4728 Views


RBI Issues Master Direction for Filing of Supervisory Returns

   28 February 2024 at 09:09

The Master Direction provides a broader framework to understand the purpose of the returns and harmonises the timelines for their submission.

Posted in Others |   1083 Views


ICAI to Scrutinize Paytm, Progress Update on BYJU'S Review

   26 February 2024 at 15:43

ICAI President disclosed that the FRRB may soon discuss the recent developments surrounding Paytm, alongside its ongoing review of ed-tech giant Byju's accounts due to governance concerns.

Posted in Others |   4083 Views


RBI Announces Additional Steps for Paytm Payments Bank Customers and Merchants

   26 February 2024 at 09:10

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 - Additional Steps

Posted in Others |   1416 Views


Byju's Founder Faces ED Notice Over Rs 9362 Crore FEMA Violation

   23 February 2024 at 09:09

ED has reportedly prolonged its lookout circular (LOC) against Byju Raveendran, the founder of the embattled ed-tech giant Byju's, as part of an ongoing investigation into alleged violations of the FEMA.

Posted in Others |   1521 Views


RBI Takes Action Against Paytm Payments Bank under Banking Regulation Act

   17 February 2024 at 08:45

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949

Posted in Others |   2313 Views


Supreme Court Strikes Down Electoral Bonds, Halts SBI Issuance

   15 February 2024 at 13:02

On February 15th, the Supreme Court delivered its long-awaited verdict on a series of petitions challenging the Electoral Bond scheme, a system allowing for anonymous funding to political parties. The landmark judgment, delivered by a five-judge Cons

Posted in Others |   5034 Views


UPI Goes Global - Payments Now Accepted in 7 Countries

   13 February 2024 at 09:11

In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.

Posted in Others |   2613 Views