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RBI's Big Relief: Loans, Bank Guarantees Can Be Used For Trading Till July
The decision comes as RBI did not want to disturb markets when they are already volatile due to the Iran conflict.
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NPCI to Increase UPI Per Day, Per Transaction Transfer Limits From September 15
NPCI has increased UPI transaction limits, allowing users to make high-value payments from their phones. The changes will come into effect soon. People will be able to make payments in various categories, like capital markets, insurance, government e-marketplace, travel, and credit card repayments. Now users will be able to send up to Rs. 10,00,000...
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India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
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RBI Chief Urjit Patel Says State Banks Need More Capital
Extra capital will need to be raised in several ways, including raising funds from the market and through the government diluting its stake in state-run banks, Mr Patel told a conference in Mumbai.
-
RBI's Big Relief: Loans, Bank Guarantees Can Be Used For Trading Till July
The decision comes as RBI did not want to disturb markets when they are already volatile due to the Iran conflict.
-
NPCI to Increase UPI Per Day, Per Transaction Transfer Limits From September 15
NPCI has increased UPI transaction limits, allowing users to make high-value payments from their phones. The changes will come into effect soon. People will be able to make payments in various categories, like capital markets, insurance, government e-marketplace, travel, and credit card repayments. Now users will be able to send up to Rs. 10,00,000...
-
India’s Cryptocurrency Position Said to Be Vindicated Amid Global Crypto Market Downturn
India has taken a conservative position on cryptocurrency, and the government’s decision is said to be vindicated by the ongoing global cryptocurrency market meltdown. To dampen crypto trading, a one percent tax deducted at source (TDS) on crypto transactions was introduced on July 1, following a 30 percent capital gains tax on all transactions t...
-
RBI Chief Urjit Patel Says State Banks Need More Capital
Extra capital will need to be raised in several ways, including raising funds from the market and through the government diluting its stake in state-run banks, Mr Patel told a conference in Mumbai.
