Paytm clocked 1.2 billion transactions across platforms in February
Paytm, operated by Vijay Shekhar Sharma’s One97 Communications, consistently reports third-highest UPI transaction volumes behind PhonePe and Google Pay.
Home loan demand for mid, high-range properties on the rise: Magicbricks
A recently conducted consumer poll by Magicbricks revealed that near...
Finance Ministry allows private sector banks for government related transactions
Finance minister Nirmala Sitharaman in a tweet said that pri...
DHFL case: Auditor Grant Thornton unearths another fraudulent transaction of Rs 6,182 cr
The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are "undervalued, fraudulent and preferential in nature", DHFL said in a regulatory filing.
ETtech Exclusive: NPCI bulks up for one billion transactions per day
Hit by several snags of late, NPCI aims to finish IT upgrades of all four transaction channels—UPI, IMPS, AePS and NACH—amid a surge in digital payments.
I-T dept after raids Mumbai-based gutka group, detects Rs 1,500-cr undisclosed transactions
The Income Tax Department has detected unaccounted transactions of about Rs 1,500 crore and assets in a tax-haven country after raiding a Mumbai-based group involved in hospitality business and manufacturing of gutka and pan masala.
How mutual fund investors can make the most of MFU's scheduled transactions facility
Individuals and HUFs who have a valid CAN allotted by MFU can carry out these transactions. The advantage of using the scheduled transaction mode is that with only one request the investor can place scheduled transaction requests with multiple AMCs.
Govt may examine issues arising from equalisation levy on intra-group transactions
“All these issues can be examined by the government,” said Kamlesh Varshney, joint secretary said at CII post-budget event on Friday, while responding to demands from the industry to provide exceptions for intra-group transactions on in-house captive digital platforms.
Capital gain, dividend, interest income to be pre-filled in online ITR
“In order to ease compliance for the taxpayer, details of salary income, tax payments, TDS, etc. already come pre-filled in income tax returns. To further ease filing of returns, details of capital gains from listed securities, dividend income, and interest from banks, post offices, etc. will also be pre-filled,” the FM said.
How did your Thali price fare during the pandemic period?
As per the Economic Survey, Thali prices for both vegetarian and non-vegetarian Thalis declined significantly in January-March 2020 before rising sharply during April to November in both rural and urban areas before easing in December 2020.
Unaccounted transactions of 3 Jaipur firms totalling over Rs 1,400 Cr unearthed: I-T dept
The I-T department had carried out the search-and-survey operation against the three firms belonging to a jeweller and two real-estate developers. The coordinated search operation was conducted at 20 premises and the survey was carried out at 11 premises. The spokesperson said the owner of one of the firms is a prominent builder, developer and coloniser in Jaipur.
ICICI Bank executes first transaction with alternative rate
“Transition from LIBOR to ARR is a critical event in financial markets,” said B. Prasanna, Group Head - Global Markets, Sales, Trading and Research, ICICI Bank. “The transaction is part of the transition initiatives by the bank.”
No charges on transaction through UPI: NPCI
Reports that UPI transactions will be charged from January 1, 2021 are incorrect, NPCI said in a statement.
RBI increases limit for contactless card transactions to Rs 5,000 from January 1
"In order to expand the adoption of digital payments in a safe and secure manner, it is proposed to enhance, at the discretion of the user, the limits for contactless card transactions and e-mandates for recurring transactions through cards (and UPI) from Rs 2,000 to Rs 5,000 from January 1, 2021," as per Shaktinatha Das's statement.
RBI to set digital payment security control rules
The Reserve Bank of India (RBI) will issue guidelines on ensuring that digital transactions such as card payments, mobile wallets, UPI, mobile banking etc. are made in a more secure environment to reduce the risk of fraud and failure rate.