RBI rationalises charges on debit card transactions
In order to promote digital payments, RBI has come out with differentiated merchant discount rates (MDR) for debit card transactions, prescribing separate caps for small and large traders. MDR is…
Govt ropes in ICICI Bank to enable cashless payments on e-NAM
The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants…
I-T officer suspended for harassing taxpayer
Income Tax Department has suspended an officer for harassing the taxpayer. In an official release, Central Board of Direct Taxes (CBDT) said, a complaint was received making serious allegations against…
Wassenaar Arrangement to admit India as its new member
AMN In a significant development, elite export control regime Wassenaar Arrangement (WA) today decided to admit India as its new member. India’s entry into the export control regime would enhance…
Govt dismisses misgivings about proposed bail-in facility for banks
Says FRDI Bill maintains present protections to depositors AMN The Government has said, Financial Resolution and Deposit Insurance, FRDI Bill is far more depositor friendly than many other jurisdictions, which…
Internet of Things India expo to be held from March 7-9, 2018
The 2nd Internet of Things India expo 2018 is co-organised by NASSCOM Centre of Excellence – Internet of Things (CoE-IoT), India Trade Promotion Organisation (ITPO) and Exhibitions India Group. AMN…
RBI keeps repo rate unchanged at 6 per cent
AMN The Reserve Bank of India (RBI) has kept the key interest rate unchanged at 6 per cent in its fifth bi-monthly monetary policy review for the year 2017-18 today.…
Price rise comes down since 2014: Jaitley
AMN Finance Minister Arun Jaitley has countered Congress’ allegations on the government over price rise, saying it has consistently come down since 2014 under the NDA rule. Taking to Twitter,…
FM begins pre-budget consultative meetings with stakeholders
Finance Minister Arun Jaitley began his pre-budget consultative meetings with stakeholders yesterday. Separate meetings were held with representatives of agriculture groups and trade union groups. During the meeting with agriculture…
India appoints FICCI as national guaranteeing association for TIR system
By Kushal Jeena /NEW DELHI The Central government has appointed Federation of Indian Chambers of Commerce and Industry, FICCI, as guaranteeing association for the operation of TIR system in the…