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Interoperable Internet banking system that benefits merchants to go live in 2024: RBI Governor

At present, internet banking transactions are processed through payment aggregatorsMumbai: Reserve Bank Governor Shaktikanta Das on Monday said an interoperable system for Internet banking will be launched in 2024.At present, internet banking transactions are processed through payment aggregators (PA),...

Automatic payment limit via UPI raised to Rs 1 lakh: RBI

UPI has emerged as a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November New Delhi: On Tuesday, the Reserve Bank of India increased the limit for automatic payments through...

RBI moratorium on term loan EMIs to benefit retailers, MSMEs, corporates

In a big relief to the corporate sector the Reserve Bank of India on Friday allowed a three month moratorium on payment of instalments in respect of all term loans outstanding on March 1, 2020. Furthermore, the apex bank also...

GST to come into effect from July 1: Economic Affairs Secretary

The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday. "GST should be implemented by July 1. All states have agreed...

Amazon urged to withdraw skateboards with Ganesha images

Irked by leading e-retailer Amazon selling skateboards and bedspreads with images of Hindu god Ganesha, Hindus in the US on Tuesday urged it to immediately withdraw them from its online platform. "We are disappointed with Amazon.com for continuing to carry...

After Indian flag doormats, Amazon US sells Gandhi flip flops

In the wake of Mahatma Gandhi flip-flops being sold on Amazon's website, the Ministry of External Affairs on Saturday said the company should respect Indian sensitiveness and sentiments. "As a follow up to the matter regarding the sale of doormats...
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Reliance Retail’s Avantra by Trends opens 73rd store pan India

Located at Aparna Neo Mall, Nallagandla, the newly opened Avantra store is its seventh outlet in Hyderabad Bengaluru: Avantra by...
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