RBI caps lending on P2P platforms at Rs 50 lakh to protect consumer interest; transactions through bank accounts, cash not allowed
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh.
Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark
German payments company Wirecard said on Wednesday it would work with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions
Lok Sabha polls: Electoral bonds may be exacerbating the problem of black money in politics; here's why parties are silent
The Supreme Court asking all political parties to furnish details of donations through electoral bonds by 31 May put this problem back into the spotlight.
LPG cylinder gets costlier: Price hiked by Rs 2.71 to Rs 502.40; non-subsidised rate raised by Rs 59
Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month.
Sebi may not settle a proceeding in case the alleged default has market-wide impact, caused losses to a large number of investors, or affected the integrity of the market.
Govt's push for a digital revolution right in intent, but surface level adjustments cannot solve systemic problems
With respect to financial inclusion, mobile phones hold more potential than debit cards as 240 million Indians have an inactive bank account plus a mobile phone.
There is a robust need for safeguarding our data and own responsibility for it.
Rural finance: Delays in cash transfers are pushing troubled beneficiaries into greater debt, poverty
In Uttar Pradesh (UP), the meandering journey of direct cash transfers into beneficiaries’ bank accounts is one that’s deeply shrouded in mystery.
Black money is known as illicit financial flows (IFFs) internationally, which are defined as a cross-border movement of funds that have been illegally or unethically earned, transferred or utilised
The art of fraud: PNB's Dubai, Hong Kong files reveal collusion between Nirav Modi and high ranking officials
Investigators probing the PNB fraud expect to use the Dubai and Hong Kong files to connect the missing dots in the scam, to nab high ranking individuals.
Income Tax dept freezes Cognizant's bank accounts in Chennai, Mumbai after firm failed to pay Rs 2,500 cr DDT
Cognizant's accounts were frozen a week back and it had approached the High Court against the tax department
UIDAI on Tuesday said the requirement of Aadhaar for opening new bank accounts or applying for Tatkal passports will continue, while the deadline for linking it to existing bank accounts and PAN has been extended by the Supreme Court
Govt has mandated linking of Aadhaar with every bank account and income tax permanent account number or PAN by 31 March
So far, the ambitious DBT scheme has received a mixed reaction from the consumers as well as the government agencies
Fed up of monthly rise in LPG prices? Govt may provide relief as it plans to do away with the practice
In order to put an end to pilferage of LPG subsidy money, Narendra Modi government implemented Direct Benefit Transfer scheme
Aadhaar: 71.24 cr mobile connections, 82 cr bank accounts linked, claims IT minister Ravi Shankar Prasad
The Aadhaar based re-verification of existing mobile subscribers is expected to be carried out by telcos by 31 March, 2018, IT minister Ravi Shankar Prasad said
With protests in and outside Parliament, Trinamool Congress Members of Parliament on accused the Central government of violating people's rights to privacy by linking Aadhaar card with bank accounts
Aadhaar-based LPG subsidy totaling over Rs 190 crore had flown into 'unsolicited' accounts opened by Airtel Payments Bank