News for 'payment systems act'

US seizes Iranian ship trying to breach naval blockade near Strait of Hormuz

US seizes Iranian ship trying to breach naval blockade near Strait of Hormuz

Rediff.com20 Apr 2026

The US Navy seized an Iranian-flagged cargo ship in the Gulf of Oman, escalating tensions as ceasefire talks face uncertainty. The incident raises concerns about the fragile ceasefire and the ongoing blockade of the Strait of Hormuz.

Unpaid highway tolls to block fitness certificate, NOC for vehicles

Unpaid highway tolls to block fitness certificate, NOC for vehicles

Rediff.com29 Jan 2026

As per the amended rules, an NOC for transfer of ownership or transfer of a vehicle from one state to another will not be granted until any unpaid user fee is cleared.

Adanis win US court hearing in case to throw out SEC fraud suit

Adanis win US court hearing in case to throw out SEC fraud suit

Rediff.com8 Apr 2026

A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.

Adani Group Challenges US Court Jurisdiction in Securities Fraud Case

Adani Group Challenges US Court Jurisdiction in Securities Fraud Case

Rediff.com8 Apr 2026

Gautam Adani and Sagar Adani are seeking the dismissal of a US Securities and Exchange Commission (SEC) securities fraud lawsuit, arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction.

Why MF Investors Can't Trade on Budget Day

Why MF Investors Can't Trade on Budget Day

Rediff.com28 Jan 2026

Rediff explains why the system, not the Budget, is the problem.

'People reject you, you want publicity': SC raps Prashant Kishor's party

'People reject you, you want publicity': SC raps Prashant Kishor's party

Rediff.com6 Feb 2026

The Supreme Court declined to entertain a petition by Jan Suraaj Party seeking annulment of the 2025 Bihar Assembly elections, citing violation of the Model Code of Conduct. The court directed the party to approach the Patna High Court.

Still Haven't Made Your Tax-Saving Investments?

Still Haven't Made Your Tax-Saving Investments?

Rediff.com26 Mar 2026

In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.

Sebi Steps Up Surveillance Amid Surge in Retail Investors

Sebi Steps Up Surveillance Amid Surge in Retail Investors

Rediff.com2 Mar 2026

Sebi Chairman Tuhin Kanta Pandey announced intensified surveillance and technology-driven enforcement to combat pre-investment scams targeting retail investors, who are increasingly being lured by fake trading apps and promises of high returns.

What Happens When Trump's Deadline Expires?

What Happens When Trump's Deadline Expires?

Rediff.com7 Apr 2026

Trump may strike. He may announce productive talks and extend again. He may do both at the same time. Iran will not open the Strait on someone else's terms, so no matter what happens, that problem will remain unsolved. And the IRGC will still be collecting its $2 million toll from every ship bold enough to ask permission to pass.

Paytm Payments Bank MD and CEO Surinder Chawla quits

Paytm Payments Bank MD and CEO Surinder Chawla quits

Rediff.com9 Apr 2024

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. "Surinder Chawla, managing director and CEO of PPBL, has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects.

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

SIM-Binding Standoff: Telcos Vs Apps

SIM-Binding Standoff: Telcos Vs Apps

Rediff.com17 Dec 2025

App-based communication services providers and Indian telcos are at loggerheads over the SIM-binding directions issued by the department of telecom, which are to be complied with by the end of February 2026.

Employer Returns Get Simpler with EPFO's New ECR

Employer Returns Get Simpler with EPFO's New ECR

Rediff.com29 Sep 2025

'These changes are expected to eliminate many data-entry problems that make the return filing process cumbersome in the current system.'

'You End Up Firefighting': Finance Minister

'You End Up Firefighting': Finance Minister

Rediff.com26 Feb 2026

'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'

India, UAE seal defence pact, set $200 bn trade target

India, UAE seal defence pact, set $200 bn trade target

Rediff.com20 Jan 2026

Under the defence partnership, India and the UAE are eyeing defence industrial collaboration and cooperation in advanced technologies, cyberspace training, special operations, interoperability of their militaries and counter terrorism.

'Confident of good trade deal with US'

'Confident of good trade deal with US'

Rediff.com21 Nov 2025

Officials from both India and the US in the recent past have indicated that a "fair deal" will be concluded soon, with Indian officials holding that more formal rounds of talks are not needed.

December 31: Last Chance To File ITR

December 31: Last Chance To File ITR

Rediff.com26 Dec 2025

Filing a belated return is far better than not filing at all.

'G RAM G Isn't A National Employment Guarantee Law'

'G RAM G Isn't A National Employment Guarantee Law'

Rediff.com18 Dec 2025

'MGNREGA was about a guaranteed right to work.' 'The new law does not guarantee employment at all.' 'It removes everything that made MGNREGA a legal guarantee.'

RMG Ban Will Be Clear Only When Rules Are Issued

RMG Ban Will Be Clear Only When Rules Are Issued

Rediff.com30 Aug 2025

'Money moves in a web of transactions and payment addresses keep changing for offshore companies, which requires heightened monitoring measures.'

HC rejects 2 PILs against operations of Google Pay

HC rejects 2 PILs against operations of Google Pay

Rediff.com20 Aug 2023

Dismissing the petitions, a bench headed by Chief Justice Satish Chandra Sharma said Google Pay is "mere third-party app provider" which requires no authorisation from RBI under the Payments and Settlement Systems Act.

Union Budget 2026: Sitharaman tries to cover all bases, leaves out markets

Union Budget 2026: Sitharaman tries to cover all bases, leaves out markets

Rediff.com1 Feb 2026

Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.

Centre restarts MGNREGA in West Bengal, but conditions apply

Centre restarts MGNREGA in West Bengal, but conditions apply

Rediff.com10 Dec 2025

After a gap of more than three years, the central government has agreed to resume the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) works in West Bengal with immediate effect, but subject to mandatory adherence to stringent conditions. These include a prohibition on any work valued at more than 20 lakh, compulsory 100 per cent electronic know-your-customer (eKYC) verification of all workers, and mandatory pre-estimation field visits for all works before they are undertaken.

India rolls out next-gen e-passports to stop forgery, impersonation

India rolls out next-gen e-passports to stop forgery, impersonation

Rediff.com18 Nov 2025

The Indian government has introduced a next-generation e-passport with enhanced security features, including an embedded RFID chip, to combat forgery and impersonation. The rollout follows successful pilot testing and implementation across India and abroad.

From May 1, Amex, Diners disallowed to add new customers

From May 1, Amex, Diners disallowed to add new customers

Rediff.com23 Apr 2021

The Reserve Bank has restricted American Express Banking Corp and Diners Club International Ltd from on-boarding new domestic customers onto their card networks from May 1 for violating data storage norms. The order will not impact the existing customers of these two entities, the central bank said in a statement on Friday.

How New Labour Code Will Change The Workplace

How New Labour Code Will Change The Workplace

Rediff.com25 Nov 2025

From appointment letters becoming mandatory to gig workers receiving social security to enhanced rights for women and contract labour, the changes reflect India's attempt to balance ease of doing business with stronger worker welfare.

How EPF Protects Your Family After You

How EPF Protects Your Family After You

Rediff.com10 Dec 2025

EPF doesn't just build your retirement fund -- it also provides free life insurance up to Rs 7 lakh under the EDLI scheme.

Govt to bring G RAM G Bill to replace MGNREGA; guarantees 125-day work

Govt to bring G RAM G Bill to replace MGNREGA; guarantees 125-day work

Rediff.com16 Dec 2025

A bill to repeal the MGNREGA and introduce a new rural employment law, the Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin), has been circulated among Lok Sabha members.

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Pre-Budget meeting: Ficci seeks faster resolution of tax disputes

Rediff.com29 Oct 2025

The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought urgent steps to clear the huge backlog of income-tax appeals, simplify tax deducted at source (TDS) compliance, and ensure tax neutrality for fast-track demergers, during its consultation with Revenue Secretary Arvind Shrivastava ahead of the Union Budget 2026-27.

Future of digital payments in India

Future of digital payments in India

Rediff.com20 Mar 2024

'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'

Is Paytm Out Of The Woods?

Is Paytm Out Of The Woods?

Rediff.com2 Oct 2025

'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'

Making card payments? Service levy, surcharge to be waived soon

Making card payments? Service levy, surcharge to be waived soon

Rediff.com25 Feb 2016

The move would help tax authorities get leads on evasion.

Google Pay says all transactions 'fully protected'

Google Pay says all transactions 'fully protected'

Rediff.com24 Jun 2020

Earlier this month, RBI told the Delhi high court that Google Pay is a third party app provider and does not operate any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007.

Rs 1,000 Crore Tax Refunds Expected Before New I-T Law

Rs 1,000 Crore Tax Refunds Expected Before New I-T Law

Rediff.com21 Aug 2025

'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'

Explained: Trump's H1 Order Decoded

Explained: Trump's H1 Order Decoded

Rediff.com14 Oct 2025

A deep dive into Trump's new policy and what it means for Indian professionals and companies.

'Husband Can't Force Wife To Look After Parents'

'Husband Can't Force Wife To Look After Parents'

Rediff.com8 Jan 2026

'Caring for one's parents is the husband's responsibility, especially if he is the earning member of the family.' 'The wife may be financially dependent on him but that does not create a legal obligation for her to serve or care for her in-laws.'

How To Deal with Medical Negligence

How To Deal with Medical Negligence

Rediff.com10 Oct 2025

Medical negligence arises when a medical professional deviates from reasonable standards of care, causing injury to the patient.

Will Tata Sons Get RBI Relief?

Will Tata Sons Get RBI Relief?

Rediff.com24 Oct 2025

Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.

Making Robots To Help Humanity

Making Robots To Help Humanity

Rediff.com24 Nov 2025

'Our vision is to innovate as many products as we can and solve as many problems as possible.'

Why Indians Are Enslaved To Toxic Bosses

Why Indians Are Enslaved To Toxic Bosses

Rediff.com6 Nov 2025

'I try to convince myself to stay calm, do my work and not let his behaviour get to me. Some days it works; most days, it doesn't.'

Amazon, Flipkart deploy war rooms for Rs 1.2 trillion festival battle

Amazon, Flipkart deploy war rooms for Rs 1.2 trillion festival battle

Rediff.com23 Sep 2025

At the stroke of midnight, live dashboards lit up simultaneously across Amazon India's World Trade Centre headquarters and Flipkart's Outer Ring Road office in Bengaluru. In sprawling "war rooms" at both the companies, executives monitored real-time data streams tracking payment speeds, inventory levels, and delivery logistics as millions of shoppers flooded online platforms.