New Delhi: Reserve Bank of India Governor Shaktikanta Das on Monday said there was “hardly any room” to review the action taken against Paytm Payments Bank. In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other…
New Delhi: The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said. In November 2020, PPSL had applied for licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment…
Jhabua (MP): Prime Minister Narendra Modi on Sunday said his government is working for the welfare of tribals, while the opposition Congress remembers villages, poor people and farmers only during elections. He was addressing a public meeting of tribal community members in Madhya Pradesh’s Jhabua district. This is PM Modi’s first visit to the state…
New Delhi: The ruling BJP received nearly Rs 1300 crore through electoral bonds in the 2022-23, which was seven times more than what the Congress got in the same period through the same route. The BJP’s total contributions stood at Rs 2120 crore in the 2022-23 fiscal, of which 61 per cent came from electoral…
New Delhi: Finance Minister Nirmala Sitharaman presented a ‘White Paper on the Indian Economy’ in the Lok Sabha on Thursday in a bid to highlight the government’s assertion that the nation slipped into the category of “fragile five” economies globally during the 10-year tenure of the previous Congress-led UPA regime between 2004 and 2014. According…
Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J said the actions against the fintech have been taken due to “persisted non-compliance”. The Governor declined to specify the specific shortcomings resulting in…
Mumbai: The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the inflation has come down within the tolerance band as a result of the steps taken by the government to check price rise, especially in perishable commodities. Replying to a question in the Rajya Sabha, Sitharaman said Bhabha Atomic Research Centre (BARC) is working with the…
Betul: India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG imports from Qatar till 2048 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of India Energy Week here….
New Delhi: The Modi government wants friendly relations with all countries but it will not compromise with India’s border security and the people’s safety, Union Home Minister Amit Shah said on Monday. Shah also said that the government has successfully tackled the three internal security hotspots — ‘Jammu and Kashmir, the Northeast and the Left…
