The Finance Business Growth Council (FIDC) has urged permitting non-banking finance firms (NBFCs) membership within the Unified Cost Interface (UPI) community in order to supply ‘Credit score on UPI’ to their prospects. This consultant physique of NBFCs has additionally urged the Finance Ministry’s Division of Monetary Companies (DFS) to allow NBFCs to entry overdraft amenities … Read more
The Competitors Fee of India (CCI) is about to inform new merger management laws that will require sure offshore digital transactions with a worth of extra than ₹2,000 crore (about $242 million) to acquire its prior approval earlier than heading in direction of mixture, a prime official mentioned. Additionally learn:CCI revamps confidentiality ring to expedite disposal … Read more
The trade ought to take a look at the measures beneath the Manufacturing-Linked Incentive (PLI) scheme as an preliminary help as a result of going ahead, the trade has to face competitors to develop additional, Commerce and Trade Minister Piyush Goyal stated on Saturday. Additionally learn: DPIIT to carry stakeholders meet on PLI scheme on … Read more
Reserve Financial institution of India lately imposed restrictions on Paytm Funds Financial institution and barred the entity from providing incremental banking companies efficient March 2024. This is because of considerations concerning breach of and compliance with regulatory norms. On this businessline podcast, Anjana PV talks to Hamsini Karthik, Deputy editor, businessline, on what are the … Read more