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RBI releases Draft Master Direction on ‘Digital Banking Channels Authorisation’: invites Comments from Public and Stakeholders [Read Order]

Avinash Kurungot

The Reserve Bank of India (RBI) has issued the draft Master Direction – Digital Banking Channels Authorisation (Directions), 2025 and opened the...

“No such recommendation from the GST Council”: MoS Finance Pankaj Chaudhary at Lok Sabha confirms No...

Joint Commissioner - Penalties - Budget 2025 - taxscan

Budget 2025 Proposes Power to Impose Certain Penalties from Joint Commissioner to Assessing Officer

RBI - Reserve Bank of India - RBI Monetary Policy Report - Repo rates unchanged by RBI - TAXSCAN

RBI Monetary Policy Report Out: Repo Rates remain Unchanged

RBI - Prepaid Payment Instruments - PPI for transportation - RBI directive revision - taxscan

RBI Permits Authorised Banks Issue Pre-Paid Payment Instruments for Public Transport Payments

Ensuring Digital Payment Surge: RBI Paper Underscores Cybersecurity and Customer Safety

The Reserve Bank highlighted the crucial role of cybersecurity, customer protection, and cost-effectiveness in sustaining the increased adoption of digital payments, which was accelerated by the...

Ensuring Digital Payment Surge - Digital Payment - Digital Payment Surge - RBI - RBI Paper - taxscan

Curbing Fraud: Government Plans Possible 4-Hour Delay for First UPI Transfers Above Rs. 2,000

The government is actively exploring the implementation of a minimum time requirement for transactions exceeding a specific amount, particularly for initial interactions between two individuals. This...

Curbing Fraud - Government - Delay for First UPI Transfers - First UPI Transfers - UPI Transfers - UPI - taxscan

RBI invites comments on draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators

The Reserve Bank of India invited the comments on the draft of Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators on June 2nd 2023. These...

Finance Ministry enables Robust Digital Payment Infrastructure for Prompt Transfer of Cash Payment under Pradhan Mantri Garib Kalyan Package

The Ministry of Finance has enabled the Robust Digital Payment Infrastructure for Prompt Transfer of Cash Payment under Pradhan Mantri Garib Kalyan Package. A digital pipeline has been laid through...

Pradhan Mantri Garib Kalyan Package - E-Wallet Scheme - Digital Payment - Digital Payments - Infrastructure -Penalty - CBDT - Taxscan

CBDT enables Digital Payment Facility for Income Tax Payers [Read Notification]

The Central Board of Direct Tax (CBDT) has enabled the Digital Payment Facility for Income Tax Payers. has issued a notification on January 29, 2020, and amended the Income Tax Rules, 1962 by...