Author: QH team

Paytm’s parent company, One97 Communications Ltd, has received approval from the National Payments Corporation of India (NPCI) to resume onboarding new UPI users. The approval, confirmed in a letter dated October 22, is contingent on compliance with procedural guidelines and circulars issued by NPCI. The NPCI’s nod comes after One97 Communications requested permission in August to onboard new users, a process halted earlier this year due to directives from the Reserve Bank of India. Paytm’s ability to bring in new UPI users was paused following RBI’s instructions in January and February 2024.In its letter, NPCI emphasized that Paytm must adhere…

Paytm’s parent company, One97 Communications Ltd, has received approval from the National Payments Corporation of India (NPCI) to resume onboarding new UPI users. The approval, confirmed in a letter dated October 22, is contingent on compliance with procedural guidelines and circulars issued by NPCI. The NPCI’s nod comes after One97 Communications requested permission in August to onboard new users, a process halted earlier this year due to directives from the Reserve Bank of India. Paytm’s ability to bring in new UPI users was paused following RBI’s instructions in January and February 2024.In its letter, NPCI emphasized that Paytm must adhere…

Paytm’s parent company, One97 Communications Ltd, has received approval from the National Payments Corporation of India (NPCI) to resume onboarding new UPI users. The approval, confirmed in a letter dated October 22, is contingent on compliance with procedural guidelines and circulars issued by NPCI. The NPCI’s nod comes after One97 Communications requested permission in August to onboard new users, a process halted earlier this year due to directives from the Reserve Bank of India. Paytm’s ability to bring in new UPI users was paused following RBI’s instructions in January and February 2024.In its letter, NPCI emphasized that Paytm must adhere…

Paytm’s parent company, One97 Communications Ltd, has received approval from the National Payments Corporation of India (NPCI) to resume onboarding new UPI users. The approval, confirmed in a letter dated October 22, is contingent on compliance with procedural guidelines and circulars issued by NPCI. The NPCI’s nod comes after One97 Communications requested permission in August to onboard new users, a process halted earlier this year due to directives from the Reserve Bank of India. Paytm’s ability to bring in new UPI users was paused following RBI’s instructions in January and February 2024.In its letter, NPCI emphasized that Paytm must adhere…

Paytm’s parent company, One97 Communications Ltd, has received approval from the National Payments Corporation of India (NPCI) to resume onboarding new UPI users. The approval, confirmed in a letter dated October 22, is contingent on compliance with procedural guidelines and circulars issued by NPCI. The NPCI’s nod comes after One97 Communications requested permission in August to onboard new users, a process halted earlier this year due to directives from the Reserve Bank of India. Paytm’s ability to bring in new UPI users was paused following RBI’s instructions in January and February 2024.In its letter, NPCI emphasized that Paytm must adhere…

Market regulator Sebi has strengthened the regulatory framework in relation to prohibition of insider trading in units of mutual funds. According to the new regulations, AMCs shall disclose the details of the holdings of Designated Persons of AMCs, trustees and their immediate relatives on an aggregate basis from November 1, 2024 on quarterly basis.A bench headed by justice Abhay S Oka passed the order while considering a suo motu petition on the release of prisoners on bail or remission to reduce overcrowding in prisons. Going through responses received from states, the bench found that in Kerala, the remission policy uploaded…

The Reserve Bank of India (RBI) has released an updated ‘alert list’ of 13 unauthorised foreign exchange trading platforms accused of violating regulations. These entities are prohibited from participating in forex trading, or from conducting electronic trading of foreign exchange transactions.The list also names entities/platforms/websites which appear to be promoting unauthorised entities/ electronic trading platforms (ETP), including through advertisements of such unauthorised entities or claiming to be providing training/advisory services.The updated alert list along with websites: Ranger Capital www.rangercapital.net   TDFX www.tdfx.exchange   Inefex www.inefex.com/international   YorkerFX www.yorkermarkets.com Growline grow-line.org   Think Markets thinkmarkets.com   Smart Prop Trader www.smartproptrader.com  …

Member of Economic Advisory Council to the Prime Minister (EAC-PM) Sanjeev Sanyal on Wednesday said that artificial intelligence (AI) will both create and destroy jobs and a lot depends on how it is adopted. Speaking at the Bharat Chamber of Commerce at an interactive session, Sanyal claimed AI will impact highly skilled people and functions will be disintermediated. “There is a lot of noise about AI. A lot will depend on how we adopt it. A debate is going on within the government and the public. If we don’t adopt it, we will get wiped out”, Sanyal said. He claimed…

As the cybersecurity threat landscape in India grows more complex with AI, industry leaders have called on the government to modernise existing frameworks and policies in order to strengthen the nation’s cyber resilience. “I think we should have a dedicated ministry for cybersecurity and cyber defence instead of having an organisation that is part of another ministry. As more and more of India gets digitised, cybersecurity should be priority number one for the government, for its people, and the economic stability of the country itself. That would be the starting point,” Akhilesh Tuteja, the global head of cybersecurity at KPMG…

Can scrapping old cars boost the sales of new ones? The answer, if the government’s policy comes good, could be a resounding yes. India’s automobile industry is giving a renewed push to make the government’s grand ambition of phasing out old, fuel-inefficient, high-emission cars a reality. Introduced in 2021 by Prime Minister Narendra Modi, the Voluntary Vehicle Fleet Modernisation Program (VVMP), or the Vehicle Scrapping Policy in popular parlance, sought to phase out diesel vehicles that are more than 10 years old and petrol vehicles that are 15 years old to reduce air pollution. The government felt compelled to introduce…