Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. In value terms, these transactions are worth Rs 6.27 lakh crore, registering a growth of 17 per cent from Rs 5.36 lakh crore in February 2022, the governor told reporters while launching the Digital Payments Awareness Week at the RBI headquarters in Mumbai this afternoon. He also said the overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months.
The district magistrate said that a central team will survey the damage to properties due to the land subsidence and suggest a way forward while coordinating with the local administration in relief and rescue efforts.
Here is how UID can help to cut down bureaucracy by automating major parts of government subsidy programmes. In addition, it will help government save on cost and give intended beneficiaries better access to the programmes.
In the fresh charge sheet, the agency has also named Commander Ajit Pandey and retired Naval officer commodore Randeep Singh for alleged 'leakage of information related to advance payment related to INS Sindhuratna-MRLC project', they said.
The incident occurred on Wednesday afternoon when the oxygen supply to patients stopped suddenly because of a malfunction in the main storage at Dr Zakir Hussain Hospital, run by the Nashik Municipal Corporation.
'Has any prime minister spent so much time in one state holding election rally after rally?'
This is Styrene gas that affects the central nervous system, throat, skin, eyes and some other parts of the body, he said.
Kavitha has spent around 18-19 hours at the ED headquarters in central Delhi during her two appearances on March 11 and March 20.
He is also alleged to be a close associate of Ravi Shankaran, another accused and kin of the Navy chief, Admiral Arun Prakash. Shankaran has been declared a proclaimed offender by a court.
Union Minister Nirmala Sitharaman on Thursday said speaking Hindi gives her 'shivers' and she speaks the language with hesitation.
The MLC daughter of Telangana Chief Minister K Chandrashekar Rao reached the ED office in central Delhi from the Tughlaq Road official residence of her father around 11.30 am and left shortly after 9.40 pm.
Radioactive leaks have been reported in at least six underground nuclear waste tanks in one of the most contaminated nuclear site on earth -- in northwestern US state of Washington -- raising concerns about delays in emptying the ageing tanks.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
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The CBI had initiated action in a secret operation last month in which two retired Navy personnel and as many private persons in addition to the Navy officer were taken into custody, they said.
'It is requested that listed equity shares or units of equity-oriented fund schemes be exempted from capital gains tax (LTCG) if equity shares or mutual funds units are held for at least three years.'
The Reserve Bank of India (RBI) has relaxed card-on-file data storage norms pertaining to guest transactions checkout, whereby now, apart from the card issuer and the card network, the merchant or its payment aggregator involved in the settlement of the transactions can save the data for a maximum of T+4 days or till the settlement date, whichever is earlier. And, acquiring banks have been permitted to store the card-on-file data until January 2023 for handing other post-transactions activities. The industry reached out to the RBI on the issue and sought a solution.
In the last few years, there have been multiple attempts by Pakistani agencies to virtually trap Indian services personnel and gain sensitive military information from them.
The Adani group will have understood the fragility of investor trust in the group. The group needs to improve transparency including in areas like share-ownership (which they have long and mistakenly believed can be side-stepped) and related-party transactions, among others, Amit Tandon and Hetal Dalal point out.
More than 24 prominent charitable institutions in the country - from private trusts, educational societies, statutory authorities, and cricket associations - may soon face tax scrutiny after a Supreme Court (SC) ruling set the limits to which tax exemption can be claimed. Most of these are highly profitable but get tax exemption due to their 'charitable organisation' status. The revenue department is preparing a standard operating procedure to scrutinise their books and evaluate if they can continue to claim tax exemption in the context of the recent SC ruling
The development comes days ahead of the Prime Minister Narendra Modi's visit to the state to inaugurate various projects.
Over 100 hospitalised due to the gas leak which took place at LG Polymers chemical plant in Gopalapatnam.
According to the CBDT, if a social media influencer retains a product from the manufacturing company after using for the purpose of rendering service, then it will be treated as a benefit/perquisite under newly-introduced Section 194R of the IT Act.
"The copy given to me by the Opposition has no relation with the four copies we have. No photo copy of the original report went out," Chavan informed the Legislative Council, replying to the issue raised by the Opposition leaders.
Personal information such as name, gender, email address and phone numbers of some Akasa Air passengers has been leaked to "unauthorised individuals", the airline stated on Sunday. India's newest carrier said it self-reported this incident to Indian Computer Emergency Response Team CERT-In, which is the government-authorised nodal agency tasked to deal with matters of this nature. However, Akasa Air asserted that there was no "intentional hacking attempt, but that the situation was reported by a research expert through a journalist for which we are grateful".
Union Finance Minister Nirmala Sitharaman on Tuesday said the mass consumption items such as pulses, wheat, rice, flour, and curd will not attract the 5 per cent goods and services tax (GST) when sold loose, and not pre-packed or pre-labelled. The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise. The all-powerful GST Council, chaired by the Union minister, had last month decided to impose GST on some mass consumption items to simplify the rate structure, which came into effect on Monday.
'So you have welfare programmes, you reach out to the poor, you cut out the middlemen, you cut out the leakages and you try to raise the standard of living.'
The launch of a Geosynchronous Satellite Launch Vehicle was called off by the Indian Space Reasearch Organisation at the eleventh hour on Monday due to a fuel leak in its second stage -- in a setback to the mission to test its homegrown cryogenic engine -- after its failure three years ago.
The launch of e-RUPI, a person- and purpose-specific digital payment solution, by the government is expected to completely negate any pilferage and will ensure full benefit to intended beneficiaries, India Inc said on Monday. Prime Minister Narendra Modi has launched e-RUPI, which is aimed at improving transparency and targeted delivery of benefits. PHD Chamber of Commerce and Industry president Sanjay Aggarwal said that the move is a significant step to enhance the digitisation process of the country.
The bail plea was opposed by ED which had said the offence committed by him has cross border implications and if released, he would not be available for further ongoing investigation.
The government has notified a host of procedural changes in the GST rules, including levy of interest for wrongful utilisation of ITC and turnover threshold for filing annual returns for the 2021-22 fiscal. The changes were vetted by the Goods and Services Tax (GST) Council at its meeting last week. With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
'There are obvious concerns regarding revenue leakage which is understandable, but there are also concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests.'
Prime Minister Narendra Modi on Monday launched e-RUPI, a person and purpose specific digital payment solution that is aimed at improving transparency and targeted delivery of benefits. Over the years, several programmes have been launched to ensure that the benefits reach its intended beneficiaries in a targeted and leakproof manner, with limited touch points between the government and the beneficiary. The concept of electronic voucher takes forward this vision of good governance. To begin with e-RUPI facility is available for health services and will be expanded to other segments.
Indian Oil Corp (IOC) is deploying drones to monitor its vast network of pipelines across the country as it doubles down on the use of technology to thwart attempts to steal fuel, helping not just save the commodity but also avoid accidents. The country's top oil company already uses a combination of sophisticated technology and patrolling to detect any leakage from the pipeline network spanning over 15,000-kilometers. And now, it is adding drones to monitor the vast network, officials said. Use of technology helped throttle 34 attempts to pilfer fuel and arrest 53 persons in the 2020-21 fiscal year, they said adding the latest incident was in Sonipat, Haryana on August 17.
The Brihanmumbai Municipal Corporation said late Thursday that the odour was reported from Powai, Chembur, Mankhurd, Govandi, Chandivali, Andheri and Ghatkopar areas.
The condition of four people, including a minor girl and a woman, is reported to be critical as they received 70 per cent to 95 per cent burns, a fire official said.
Come October 1, merchants, payment aggregators and acquiring banks can no longer store the card details of customers.
Status quo at the plant was restored on Saturday morning, the company said in a statement.
