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Southern states account for most payment dues for renewable energy: Report
"Piling overdues and payment delays can render the renewable projects unviable, which are already facing other risks such as tariff renegotiation, which may deter lenders cautious about committing funds to such projects, potentially driving up the finance cost," the report added.
Government asks private sector to clear payments due to MSMEs
The ministry has also asked corporates to ensure that they are filing half-year...
Banks issued 1.6 crore new debit cards during peak lockdown
Indian banks issued more than 16 million new debit cards during the peak months o...
SBI Card working on giving customers facility to see credit scores in login accounts: MD & CEO
"In terms of what I would do (here), what experience I have from the US, there are two three things which I can bring from the US. But we (SBI) did not have credit card as a product there. So therefore from a credit card perspective, which is only as a user in the US that I can try and bring some of the things.
Future Enterprises defaults on bond interest payment
"The company is unable to service its obligations in respect of the interest on non-convertible debentures (NCDs) due on August 16, 2020, since August 16, 2020 was holiday, interest was due on 17 August 2020," Future Enterprises Ltd said in a regulatory filing.
Millennials, Gen-Z more likely to adapt to Covid crisis; younger families financially vulnerable due to pandemic
As per the survey, Paytm is the top mobile payment wallet in India.
New social security code proposes a differential employment ceiling for gratuity payments
The move is aimed to redress the issue of employees losing gratuity payments if they have not completed the mandatory ceiling of five years of employment.
Air India defaults on TDS, EPF payments as Centre mulls on how to sell the carrier
Government officials told ET otherwise. “Air India has not made payments against TDS and PF since January this year. TDS dues is in the range of ₹26 crore till March-end and the PF dues runs into several crores,” said one of them.
Pensioners can store Pension Payment Order in 'DigiLocker': Government
The move comes after it was noticed by the Department of Pension and Pensioners' Welfare (DoPPW) that several pensioners, over a period of time, misplace the original copies of their PPO, which, needless to say, is a very important original document, it said.
GST Council meeting: Centre, states set to clash over compensation payment
States are likely to push the Centre to borrow from the market, bring more products under the compensation cess ambit, extend GST compensation cess collection to 10 years from present five years and continue with on-time payment of compensation at 14%, as mandated by the GST Compensation Act.
Supreme Court disposes of plea seeking payment of salary to doctors, healthcare workers
A bench headed by Justice Ashok Bhushan said the high court had already taken suo motu cognizance of multiple media reports about the non payment of salary.
WhatsApp scouts for senior hand to steer India payment business
The person will be hired as Director of WhatsApp Payments India and will report to WhatsApp India chief Abhijit Bose, who joined WhatsApp in November 2018 from electronics payments company Ezetap, where he was cofounder and CEO.
Department of Telecommunications yet to take call on upfront payment for 4G spectrum sale
The Department of Telecommunications is preparing a draft Cabinet note for the next 4G spectrum auction, but is yet to circulate it for inter-ministerial consultations as it grapples with issues such as upfront payments and bidding interest from cash-strapped and debt-laden telcos.
SBI and Titan launch India’s first contactless payment watch: Here's how to use it
SBI account holders can tap their Titan Pay watch on contactless payment POS machine without the need of swiping or inserting their SBI bank card.
CBDT asks banks to refund any fees levied on UPI transactions in 2020
Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions beyond a prescribed limit for free transactions.