News for 'Payment System Report'

Gehlot's Political Response To Farmers' Debt Problem

Gehlot's Political Response To Farmers' Debt Problem

Rediff.com23 Aug 2023

Banks may become more cautious in extending loans, as more and more farmers may take loans, relying on the assurance that a debt relief commission will back them in the event of default.

How Cancer Survivors Can Obtain A Health Plan

How Cancer Survivors Can Obtain A Health Plan

Rediff.com7 Sep 2023

'Try to buy a policy with a lower sum assured or one with a deductible.' 'Those whose spouses work for companies must get themselves enrolled into the employer's group health cover.' 'Some public sector banks also offer group health covers to those who open a savings account with them.'

Numbers Don't Add Up For BJP In Tamil Nadu

Numbers Don't Add Up For BJP In Tamil Nadu

Rediff.com19 Apr 2024

Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.

ATM outsourcing gains currency

ATM outsourcing gains currency

Rediff.com12 Sep 2003

Not Filed Your ITR Yet?! Read This Now!

Not Filed Your ITR Yet?! Read This Now!

Rediff.com7 Aug 2023

Missing the deadline for filing Income Tax returns can lead to consequences.

From Google to Visa, all phone a friend in US over RBI diktat

From Google to Visa, all phone a friend in US over RBI diktat

Rediff.com21 Jul 2018

Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.

Investors going beyond wallet businesses into last mile solutions

Investors going beyond wallet businesses into last mile solutions

Rediff.com21 Jun 2018

Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn

What You Should Know About LRS

What You Should Know About LRS

Rediff.com3 Aug 2023

Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.

Excise policy: Digi proof from Delhi hotel exposed influence of 'South Lobby'

Excise policy: Digi proof from Delhi hotel exposed influence of 'South Lobby'

Rediff.com28 Feb 2023

The officials said the members of the South Lobby, which wanted to swing the policy in its favour with exorbitant profits for liquor wholesalers, had stayed in the hotel in the national capital from March 14 to 17 in 2021 and used its business centre to make photocopies of some documents.

99% of scrapped 500, 1,000 notes back in system: RBI

99% of scrapped 500, 1,000 notes back in system: RBI

Rediff.com30 Aug 2017

Only Rs 16,050 crore out of the Rs 15.44 lakh crore of the old high denomination notes have not returned.

Why RBI imposed curbs on HDFC Bank for service outages

Why RBI imposed curbs on HDFC Bank for service outages

Rediff.com4 Dec 2020

The need to maintain people's confidence in digital banking resulted in the action against HDFC Bank for service outages, RBI Governor Shaktikanta Das said on Friday and exhorted lenders to invest more on the technology front.

'We Are In A Calamity'

'We Are In A Calamity'

Rediff.com12 Sep 2023

'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'

Trump first US ex-president to face criminal charge, expected to surrender on Monday

Trump first US ex-president to face criminal charge, expected to surrender on Monday

Rediff.com31 Mar 2023

Donald Trump has been indicted by a Manhattan grand jury on charges related to paying off a porn star during his 2016 presidential campaign, making him the first former US president to face a criminal charge and upending his bid to retake the White House in 2024.

Top UPI players stare at uncertain future

Top UPI players stare at uncertain future

Rediff.com20 Apr 2021

'How can we be told not to grow?'

Joe Biden's 'dirty work': Trump denounces his indictment

Joe Biden's 'dirty work': Trump denounces his indictment

Rediff.com31 Mar 2023

Donald Trump issued a scathing response to his indictment by a Manhattan grand jury, describing it as 'political persecution' and election interference at the highest level in history and warning that the 'witch-hunt' will backfire massively on United States President Joe Biden.

How Women Change The Political Game

How Women Change The Political Game

Rediff.com22 Dec 2023

More than ever before, women voters can make or mar a political party's electoral fortunes.

Discount on credit card usage at petrol pumps withdrawn

Discount on credit card usage at petrol pumps withdrawn

Rediff.com25 Sep 2019

Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.

Lessons To Be Learnt From Nitin Desai's Death

Lessons To Be Learnt From Nitin Desai's Death

Rediff.com25 Aug 2023

We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.

Borrowers will soon be able to switch to fixed-rate regime: RBI

Borrowers will soon be able to switch to fixed-rate regime: RBI

Rediff.com10 Aug 2023

The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI. "The supervisory reviews undertaken by the Reserve Bank and the feedback and references from members of public have revealed several instances of unreasonable elongation of tenor of floating rate loans by lenders without proper consent and communication to the borrowers," he said.

Wasn't laughing at Jaahnavi's death: Seattle cop

Wasn't laughing at Jaahnavi's death: Seattle cop

Rediff.com16 Sep 2023

Kandula, 23, was struck by a police vehicle driven by Officer Kevin Dave when she was crossing a street in Seattle on January 23.

'Mumbai will always be vulnerable'

'Mumbai will always be vulnerable'

Rediff.com6 Dec 2023

'If we have to restrict and fight terrorism, first and foremost, we have to ensure communal harmony in the country.'

Beware of new mobile malware attacks on Android devices!

Beware of new mobile malware attacks on Android devices!

Rediff.com8 Jan 2015

536 new malware families and a further 616 new variants affecting the Android platform were detected.

Why Should Govt Be In Fintech?

Why Should Govt Be In Fintech?

Rediff.com15 Dec 2021

The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.

CCI slaps Rs 936.44 cr fine on Google over Play Store policies

CCI slaps Rs 936.44 cr fine on Google over Play Store policies

Rediff.com25 Oct 2022

In its second ruling against Google in less than a week, the Competition Commission on Tuesday slapped a penalty of Rs 936.44 crore on the internet major for abusing its dominant position with respect to its Play Store policies.

Use mobile apps to pay income-tax, apply for PAN

Use mobile apps to pay income-tax, apply for PAN

Rediff.com16 Feb 2017

Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions.

BCCI reverts to graded payments

BCCI reverts to graded payments

Rediff.com12 Jun 2007

The Working Committee, which met in Delhi on Tuesday, decided to have the graded system till September.

CBI books Maharashtra MLA Ratnakar Gutte, family for Rs 409-cr bank fraud

CBI books Maharashtra MLA Ratnakar Gutte, family for Rs 409-cr bank fraud

Rediff.com10 Feb 2023

According to the Central Bureau of Investigation, Gutte is one of the directors of Gangakhed Sugar and Energy Limited.

Cyber Fraud Helpline: How it Works

Cyber Fraud Helpline: How it Works

Rediff.com29 Jun 2021

Since its launch in April, helpline 155260 has been able to prevent more than Rs 18.5 million of defrauded money from reaching the hands of fraudsters.

Can RBI's digital currency replace physical cash?

Can RBI's digital currency replace physical cash?

Rediff.com15 Dec 2022

Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?

To push green mobility, 10K e-buses to be deployed in 169 cities

To push green mobility, 10K e-buses to be deployed in 169 cities

Rediff.com16 Aug 2023

Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the 'PM-eBus Sewa' scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model.

Now, CBI summons Kejriwal for questioning; AAP cries foul

Now, CBI summons Kejriwal for questioning; AAP cries foul

Rediff.com14 Apr 2023

Kejriwal has been asked to be present at the agency headquarters at 11 am to answer queries of the investigating team.

Sebi mulls bringing in new expense structure for mutual funds

Sebi mulls bringing in new expense structure for mutual funds

Rediff.com8 Apr 2023

The Securities and Exchange Board of India (Sebi) is discussing with mutual funds (MFs) a proposal on introducing new total expense ratio (TER) slabs linked to the total equity and debt assets by replacing the current ones that are linked to assets of an individual scheme. Senior MF executives confirmed that Sebi had held discussions on this matter with AMCs. Such a change is expected to lead to a lower TER cap for bigger asset management companies (AMCs).

Railways to launch an App to book tickets in unreserved category

Railways to launch an App to book tickets in unreserved category

Rediff.com21 Apr 2015

Come April 23 and rail commuters can use a mobile phone App to obtain tickets in the unreserved category.

Few flaws RBI could have avoided while issuing payments bank licences

Few flaws RBI could have avoided while issuing payments bank licences

Rediff.com20 Sep 2015

Bank licencing has been a "once in a decade" affair and so it could well be that we don't face this process anytime soon.

The Secret of Gautam Adani's Success

The Secret of Gautam Adani's Success

Rediff.com2 Nov 2022

Gautambhai has shown that he has ability to withstand payment delays or vexatious court cases. That is where he is on a more comfortable wicket than many others. A revealing excerpt from R N Bhaskar's Gautam Adani: Reimagining Business in India and the World.

Banks seek stricter norms for reporting on wilful defaulters

Banks seek stricter norms for reporting on wilful defaulters

Rediff.com28 Aug 2014

Banks, through the Indian Banks' Association, have urged RBI and credit information companies to maintain a database of wilful defaulters.

CBI files closure report in Barak missile deal

CBI files closure report in Barak missile deal

Rediff.com24 Dec 2013

The Central bureau of Investigation on Tuesday filed a closure report in a seven-year-old case of alleged bribery in the Rs.1,150 crore Barak missile deal in which former Defence Minister George Fernandes and the then Naval Chief Admiral Sushil Kumar were accused.

Beijing deserting Russia? Two Chinese banks suspend business with Moscow

Beijing deserting Russia? Two Chinese banks suspend business with Moscow

Rediff.com7 Mar 2022

Radio Free Europe reported that the Asian Infrastructure Investment Bank, a Chinese-led development bank, suspended all business with Russia and Belarus on March 3.

Sisodia withdraws interim bail pleas from HC as wife's health stabilises

Sisodia withdraws interim bail pleas from HC as wife's health stabilises

Rediff.com24 May 2023

Justice Dinesh Kumar Sharma allowed Sisodia to withdraw the interim bail applications.

Banks not to make any dividend payment for FY20; told to retain profit

Banks not to make any dividend payment for FY20; told to retain profit

Rediff.com4 Dec 2020

In view of the economic shock caused by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020. In view of the ongoing stress and the heightened uncertainty on account of the pandemic, RBI said it is imperative that banks continue to conserve capital to support the economy and absorb losses, if any. The decision is based on review of the September quarter financial performance of banks.