TRANSACTIONS
Karnataka Budget: Realty players pin hopes on cut in guidance value to drive property sales
Steep guidance value at many places in Bengaluru has led to transactions bypassing the registration, with people closing deals through mutual agreements and GPA (general power of attorney) to avoid paying duty and registration fee on a higher value.
New-age Indian tech companies are using cryptocurrency for pay, perks
There are two approaches taken by employers. One is to register their e...
New-age Indian tech companies are using cryptocurrency for pay, perks
There are two approaches taken by employers. One is to register their e...
SBI Card customers can now make transactions on Jio Pay platform
The SBI Card portfolio has been enabled on the Jio Pay service from March 2, 2021, SBI Card said in a regulatory filing.
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 nearly 38% consumers are looking to avail a home loan ranging between Rs 30 lakh – Rs 1 crore indicating the demand revival towards mid and high range homes.
Finance Ministry allows private sector banks for government related transactions
Finance minister Nirmala Sitharaman in a tweet said that private banks can now be equal partners in development of the Indian economy, furthering government social sector initiatives, and enhancing customer convenience.
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.
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.
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.
