User: srikanthlogic Topic: Digital Payments
Category: FASTag
Last updated: Feb 12 2019 20:38 IST RSS 2.0
 
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Assistance to Law Enforcement Agencies by Banks 12.2.2019 Govt of india: PIB
As per information received from the Reserve Bank of India (RBI), according to the publicly available information on the Bank of International Settlement’s website, the Basel Committee on Banking Supervision issued a Statement on ‘prevention of criminal use of the banking system for the purpose of money-laundering’ in December 1988, which included a principle on ‘Cooperation with law enforcement authorities’.
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Security Clearances 12.2.2019 Govt of india: PIB
Ministry of Home Affairs has given security clearance to more than 1600 proposals in the past two years in critical sectors like defence, arms & ammunition, explosives, telecommunications, information and broadcasting, civil aviation, currency, shipping, etc. As per information provided by Department of Industrial Policy & Promotion and Reserve Bank of India, FDI through automatic route is under general permission and can be received without any approval, in compliance with the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulation, 2017.
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RBI Appoints Dilip Sadarangani as Part Time Chairman of Federal Bank 28.1.2019 Projects Monitor

Mumbai: Shri. Dilip Sadarangani has been appointed as Part Time Chairman of Federal Bank. The Bank obtained approval of Reserve Bank of India in this regard. He has been in the board of Federal Bank since 2013. Shri. Dilip Sadarangani is a renowned banker with experience in various facets of banking, particularly technology, in different […]

The post RBI Appoints Dilip Sadarangani as Part Time Chairman of Federal Bank appeared first on India's first NewsPortal on Projects.

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Cabinet approvesAmendment to the ‘Framework on Currency Swap Arrangement for SAARC Member Countries’ to incorporate ‘Standby Swap’ amounting to USD 400 million operated within the overall size of the facilit 23.1.2019 Govt of india: PIB
              The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval for amendment to the 'Framework on Currency Swap Arrangement for SAARC Member Countries' to incorporate a 'Standby Swap' amounting to USD 400 million operated within the overall size of the Facility of USD 2 billion and build in flexibility with respect to modalities of its operation, such as period of swap, roll over, etc. after due consideration of conditions of requesting SAARC member countries and domestic requirements of India.
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Tokenisation of debit, credit card transactions: All you should know 9.1.2019 Zee News : Business
Tokenisation involves a process in which a unique token masks sensitive card details.
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FASTag to be available at petrol pumps, plans afoot to allow it for buying petrol: Gadkari 8.1.2019 Zee News : Business
FASTag, which is affixed on the windscreen of a vehicle.
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MoU Signed for Fastag Sale through Petrol Pumps of Leading Oil Marketing Companies 7.1.2019 Govt of india: PIB
An MoU for sale of FASTags through petrol pumps of leading Oil Marketing Companies was signed here today between Indian Highways Management Company Limited - IMHCL and leading Oil Marketing Companies (OMCs) like BPCL, HPCL and IOCL.
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NHAI to collaborate with Oil Marketing Companies for issuance of FASTags through petroleum retail outlets 5.1.2019 Govt of india: PIB
To ensure easier availability of FASTags, Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, is signing MoUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC) on 7th January 2019.
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Insight into the RBI-govt fracas and its long-term impact 3.1.2019 Financial Chronicle
Arvind Chari Dr Urjit Patel became only the second governor in the history of the Reserve Bank of India (RBI), to have resigned from his post. His press release mentioned ‘personal reasons’ for the resignation but markets will assume it to be due to the differences between the RBI and the government on the various issues highlighted in the media. It indeed was an unusual issue which the governor and the Ministry of Finance hadn’t been able to resolve, leading to the governor choosing the ‘nuclear option’ of resignation. This is the second change at the helm of the RBI in this government’s 4.5 year term. Raghuram Rajan was not offered an extension; Urjit Patel has resigned midway through his tenure. Breaking point The relations between the RBI and government had started to sour some time ago, but it seems to have reached a breaking point in the last few months. There would have been many issues like RBIs circular on NPA recognition; PSUbanks under Prompt Corrective Action; liquidity infusion in the ...
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Year End Review – 2018- Ministry of Finance 2.1.2019 Govt of india: PIB
The Indian Government has made significant strides in the last 4 years in taking India to new heights in terms of the welfare of the citizenry, the overall structure& growth of the economy, and creating a strong presence as an emerging global power.
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Equity Outlook: From Turbulence to confluence of propitious tailwinds 2.1.2019 Financial Chronicle
Investors need to display strong optimism as many negatives have been priced-in by the market and the Indian bourses are now trading at reasonable valuations that provided the earnings growth trajectory for FY19 and FY20 as per current consensus estimates We are constructive on the Indian equity market with a medium term perspective. The turbulence that the Indian markets witnessed since the beginning of the year and particularly in the months of August, September and October was primarily inked to concerns on fraying of macroeconomic fundamentals. India’s macro-economic fundamentals were extremely strong during the first couple of years of Modi-led NDA regime due to a sharp plunge in global crude oil prices which subsequently witnessed a sharp reversal and Brent crude prices more than doubled to a peak to $86/barrel. The expectations at the peak were that Brent could reach the dreaded $100/barrel mark. This surge in crude prices and accompanying fall in Rupee led to massive deterioration in key ...
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Review of policy on Foreign Direct Investment (FDI) in e-commerce 26.12.2018 Govt of india: PIB
1.0       To provide clarity to FDI policy on e-commerce sector, Para 5.2.15.2 of the Consolidated FDI Policy Circular 2017 will now read as under:   5.2.15.2 E-commerce activities Sector/Activity % of Equity/FDI Cap Entry Route E-commerce activities 100% Automatic   5.
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Year End review: Ministry of Personnel, Public Grievances & Pensions 21.12.2018 Govt of india: PIB
12th Civil Services Day event: The Vice President of India, Shri M. Venkaiah Naidu inaugurated 2-day event of 12th Civil Services Day on 20.4.2018. The Prime Minister, Shri Narendra Modi, addressed Civil Servants on the occasion of Civil Services Day on 21.4.
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RBI Announces Lateral Entry Of Officers 19.12.2018 NDTV News - India-news
Online registration, for lateral recruitment, can be done at rbi.org.in.
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Govt doesn't comment on views of ex-RBI chiefs on demo, GST expressed before media: FM 14.12.2018 Zee News : Business
Jaitley further said after the structural reform of GST had been introduced in a record time, the economic growth bounced back vigorously.
Measures being taken to Control and Prevent Frauds in Banks 14.12.2018 Govt of india: PIB
A number of measures being taken to control and prevent frauds in banks, including, inter alia, the following: Government has issued “Framework for timely detection, reporting, investigation etc. relating to large value bank frauds” to Public Sector Banks (PSBs), which provides, inter-alia, that All accounts exceeding Rs. 50 crore, if classified as Non-Performing Assets be examined by banks from the angle of possible fraud, and a report placed before the bank’s Committee for Review of NPAs on the findings of this investigation;   Examination be initiated for wilful default immediately upon reporting fraud to RBI; and Report on the borrower be sought from the Central Economic Intelligence Bureau in case an account turns NPA. Fugitive Economic Offenders Act, 2018 has been enacted to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts.
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Automated Teller Machines penetration 14.12.2018 Govt of india: PIB
As informed by Reserve Bank of India (RBI), no comparable data is available with them regarding India beings among the countries having lowest Automated Teller Machine (ATM) penetration globally. As reported by the Scheduled Commercial Banks (SCBs), Small Finance Banks (SFB), Payment Banks (PBs) and White Label ATM Operators (WLAOs), 2.21 lakh ATMs are deployed in the country as on 30.9.
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Tamil speaking Historian Shaktikanta Das' journey from North Street to Mint Street and what to expect 12.12.2018 Sify Finance
Will Shaktikanta Das, the bureaucrat who answered questions on demonetisation say No to the government? Will he uphold the autonomy of the Central Bank?
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Digital ombudsman, liquidity measures: Six takeaways from RBI’s monetary police committee meeting 7.12.2018 Scroll.in
The repo rate remains unchanged, but a few changes are on the horizon.
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Last day to link your mobile number with SBI a/c today, else internet banking will be blocked 30.11.2018 Zee News : Business
RBI has mandated that banks must ask their customers to mandatorily register for SMS alerts for electronic banking transactions.
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