Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-for-raising-upi-transaction-limit-to-rs-5-lakh-in-select-cases/2384882/ The central bank will shortly issue separate instructions to the National Payment Corporation of India (NPCI) in this regard. The transaction data analysis
Day: December 9, 2021
Need to be careful about cyber risks to CBDC: RBI Governor Shaktikanta Das – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/need-to-be-careful-about-cyber-risks-to-cbdc-das/2384840/ CBDCs may be an electronic version of the paper currency, the RBI said. Apart from cyber risks and the risk of digital frauds,
Unprecedented tax revenue augurs well for India – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/revenue-relief-unprecedented-tax-revenue-augurs-well-for-india/2384857/ This can help India shake off its past burdens and focus on accelerated economic growth this decade Actual I-T tax collections for April-Oct
UPI payments without Internet? Here’s what RBI says – BusinessToday
Clipped from: https://www.businesstoday.in/industry/banks/story/upi-payments-without-internet-heres-what-rbi-says-314794-2021-12-08 The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that it will launch UPI-based payment products for feature phone users.
MSME lender Indifi Technologies AUM crosses Rs 500 crore in Q2FY22; up by 43% from previous quarter – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-indifi-disburses-loans-worth-rs-500-crore-to-small-businesses/2384482/ Credit and Finance for MSMEs: The rise in loan disbursals is attributed to the increase in the number of borrowers and also the
How Financial Inclusion is playing a vital role in the Banking Sector – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/how-financial-inclusion-is-playing-a-vital-role-in-the-banking-sector/2381964/ Financial inclusion is about delivering banking services to all sections of society. Primarily, it’s enabling to reduce the economic gap between the rich
India’s first woman psychiatrist Sarada Menon made it possible for the mentally ill to salvage their lives from indignity | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/indias-first-woman-psychiatrist-sarada-menon-mental-hospital-mentally-ill-7661468/ Sarada Menon’s life spanned an era, from pre-Independence India to the current times, when ideas about self-care, therapy and neurodivergence are no longer
Rs 2,000 denomination now 15.1% of total value of notes in circulation | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/rs-2000-denomination-now-15-1-of-total-value-of-notes-in-circulation-7661448/ The share of Rs 2,000 notes in circulation has fallen even as the currency in circulation has risen over 62 per cent over
Cash is dying, but we aren’t ready to bury it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-cash-is-dying-but-we-arent-ready-to-bury-it/articleshow/88157151.cmsSynopsis If all the money in circulation is private, controlled by e-commerce and social media platforms, authorities won’t be able to protect consumers from