User: srikanthlogic Topic: Digital Payments
Category: FASTag
Last updated: Oct 09 2019 17:19 IST RSS 2.0
 
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Wedding blues: Unscrupulous kalyana mandapams fleece hapless customers 9.10.2019 Citizen Matters, Chennai
What's in a venue? Everything, find hapless customers as unscrupulous kalyana mandapams insist on cash payment and no refunds in case of cancellation. It may be a good time to come full circle - weddings celebrated at home or a temple!
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Modi’s UDAY scheme is driving Indian states deeper into debt 8.10.2019 Scroll.in
Under the Ujwal Discom Assurance Yojana, states took over 75% of outstanding liabilities of discoms. But the scheme hasn’t helped bail out the companies.
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RBI Officer Grade 'B' Recruitment: Know Pay-Scale And Other Benefits 16.9.2019 NDTV News - Latest
Reserve Bank of India (RBI), reportedly, has released a short notice for recruitment of Officers Grade B.
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DNA ROUNDTABLE: Beating slowdown blues 12.9.2019 DNA
India Inc hopes the slew of measures announced by the government recently would kickstart investments and help reboot the economy over the next few quarters
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Loans sanctioned in 1,33,448 cases under 59-minutes Scheme to MSME 23.7.2019 Govt of india: PIB
Out of 2,00,660 applications submitted, 1,59,583 applications for loans on the psbloansin59minutes.com portal have been accorded in principle approval since the launch of the portal. Sanctions have been made in respect of 1,33,448 cases.
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Seeding of Bank Account and Linking with Aadhaar 16.7.2019 Govt of india: PIB
Ministry of Electronics and Information Technology (MeitY) has apprised that “The Aadhaar and Other Laws (Amendment) Bill, 2019” has been passed by the Parliament.  The bill, inter-alia, has the  provision for allowing the use of Aadhaar authentication on voluntary basis as acceptable Know Your Customer (KYC) document, by inserting Section 11A under the Prevention of Money Laundering Act, 2002.
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Persons Held Responsible for Bank Frauds 9.7.2019 Govt of india: PIB
            Data provided by Reserve Bank of India (RBI) on frauds (Amount involved one lakh and above) reported by the Scheduled Commercial Banks and Selected Financial Institutions (FIs) based on the dates of occurrence for last eleven years is presented in Annexure -1.             Government has taken comprehensive steps to reduce the incidence of frauds in banks.
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Bank Reforms to Check Frauds 9.7.2019 Govt of india: PIB
Occurrence of frauds was enabled by laxity in the financial system, and the underlying causes have been systematically dealt with by the Government through comprehensive steps for reduction in occurrence of frauds, and their proactive checking and timely detection.
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Safety of Cash Vending Machines 9.7.2019 Govt of india: PIB
            RBI has directed all the banks in the country to take steps for ensuring safety of the cash vending machines of their banks.  The Reserve Bank of India (RBI) has informed that in order to mitigate risks involved in open cash replenishment/ top-up in ATMs, instructions were issued by RBI to all banks, vide RBI’s Circular dated 12.04.
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Waiving off Loans of Farmers in Drought Prone Areas 9.7.2019 Govt of india: PIB
State-wise details of agriculture credit disbursement as reported by the National Bank for Agriculture and Rural Development (NABARD) during the year 2018-19 (provisional) is given in Annexure. There is no proposal under consideration of the Union Government to waive off loans of farmers.
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Key Highlights of Union Budget 2019-20 5.7.2019 Govt of india: PIB
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget 2019 are as follows:   10-point Vision for the decade Building Team India with Jan Bhagidari: Minimum Government Maximum Governance.
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How IL&FS colluded with rating agencies 3.7.2019 Sify Finance
With rating agency ICRA sending its CEO Naresh Thakkar on leave citing regulatory concerns, the role played by the rating agencies -- highlighted innumerable times by IANS in the past -- has once again come under the spotlight. An anonymous complaint alleged that there were lapses when ICRA assigned a high rating of 'AAA' to IL&FS.
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Government says banks cannot employ bouncers or musclemen for loan recovery 1.7.2019 Sify Finance
Anurag Thakur, the Minister of State for Finance answered in Lok Sabha on how banks should go about in recovery of loans and what the Reserve Bank of India could do with banks that employed bouncers without due dilligences.
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Payments can be processed abroad but data should be stored in India within 24 hours, says RBI 27.6.2019 Scroll.in - News that matters
The central bank issued a clarification of its April 2018 directive that mandated foreign payment companies to store all data in the country.
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Interest Free Loans to Farmers in UP 25.6.2019 Govt of india: PIB
Reserve Bank of India (RBI) has issued directions for Relief Measures to be provided by respective lending institutions in areas affected by natural calamities which, inter alia, include, restructuring/rescheduling of existing crop loans and term loans, extending fresh loans, relaxed security and margin norms, moratorium, etc. These directions have been so designed that the moment calamity is declared by the concerned District Authorities, they are automatically set in motion without any intervention, thus saving precious time.
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Bank Loan to Farmers 24.6.2019 Govt of india: PIB
The Government of India fixes Agriculture Credit Disbursement Targets for the Banking Sector every year and banks have consistently surpassed these targets.           State-wise details of Agriculture Credit Target fixed by the Government for the year 2019-20 is at Annexure I.           State Level Bankers’ Committee (SLBC), Maharashtra has reported that they are extending credit facilities, through various schemes & products for agriculture lending to all eligible farmers across the country including farmers of Buldhana Parliamentary Constituency of Maharashtra.
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New Banking Licenses 24.6.2019 Govt of india: PIB
Reserve Bank of India (RBI) has issued Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, dated August 1, 2016 for granting licenses for universal banks on a continuous basis.
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GST EVASION 24.6.2019 Govt of india: PIB
The Government proposes to integrate a FASTag Bank Mechanism with e-way bill and Logistic Data Services to track movement of goods and check GST evasion. The Government is contemplating integration of E-Way Bill mechanism of GST with FASTag System of National Highway Authority of India (NHAI).
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 The Fifteenth Finance Commission interacts with IT Experts in Karnataka 24.6.2019 Govt of india: PIB
Para 7(v) of the Terms of Reference of the 15th Finance Commission states that “the Commission may consider proposing measurable performance-based incentives for States, at the appropriate level of government, in following areas promoting savings by adoption of Direct Benefit, Transfers and Public Finance Management System, promoting digital economy and removing layers between the government and the beneficiaries”.
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Overdraft neutralised, RBI ban lifted 22.6.2019 Manipur: E-Pao
Overdraft neutralised, RBI ban lifted
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