RBI orders Visa to stop unauthorised B2B card payment system: Report Business-to-business payments via cards include payments by businesses to their vendors and in some cases tax payments by small units

Look for ways to stay relevant in digital era: FM Sitharaman to SPMCIL The Finance Minister was addressing the 19th Foundation Day celebrations of the SPMCIL in virtual mode

Central banks of India, Nepal sign agreement to link UPI-NPI, says RBI State-owned Central banks of India and Nepal on Thursday signed terms of reference for the integration of the Unified Payments Interface (UPI) and National Payments Interface (NPI). The Reserve Bank of India and Nepal Rastra Bank signed the terms of reference. The formal launch of the linkage or ...

Bharat Bandh announced: Are banks closed on 16 Feb, Friday? [ad_1] Amid continuous farmer demonstrations calling for the enactment of laws about minimum support prices (MSPs) and other agricultural reforms, Samyukat Kisna and the Kisan Mazdoor Morcha have unitedly called for a Bharat Bandh on February 16, 2024, as per an Economic Times report. Many services could be impacted during ...

Non-resident gets tax relief on overseas income [ad_1] Mumbai: The Income Tax Appellate Tribunal (ITAT) has come to the rescue of a salaried individual who was deputed to work outside India, by holding that the salary income (which includes allowances) of a ‘non-resident’ for services rendered overseas cannot be taxed in India. In this case, which was heard by the ...

ICICI Bank branch manager duped depositors of crores for years to meet targets [ad_1] An ICICI Bank branch manager and his aides managed to meet their business performance targets for years by withdrawing money out of the bank accounts of unsuspecting account holders of the branch. They withdrew this money to create an illusion of opening new FD, current and ...

Overnight index swap rates hint at late start to rate cuts: Traders India’s OIS market has seen ‘paying pressure’, with the impact being amplified amid unwinding of an earlier ‘received position’ by a large private bank, according to traders

Paytm crisis: Non-bank lenders explore options for loan disbursal While non-bank lenders have not terminated their contracts with Paytm, sources said that they have no visibility as to when they might be able to resume lending through the Paytm app

Pay Rs 15 lakh in death claim, consumer forum tells insurance company [ad_1] A consumer forum situated in Narmada district, Gujarat, has directed an insurance company to compensate the family of a man who passed away in a road accident with a sum of Rs 15 lakh. The firm’s contention regarding the expiration of the victim’s vehicle registration was dismissed ...

SC issues notice to central govt on GST anti-profiteering provisions Petitioner appeals against Delhi HC order upholding provisions; more companies may approach apex court