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PSS ACT AMENDMENTS
RBI tightens norms for imposing penalty under payment systems lawThe Reserve Bank of India (RBI) has tightened regulations under the Payment and Settlement Systems Act to ensure compliance and enforcement...- FPIs can now trade in commodity derivativesThe regulator said FPIs will be allowed to trade in all non-agricultural commodity derivatives and select non-agricultural benchmark indice...
- Sebi permits FPIs to participate in exchange-traded commodity derivatives marketThe board of Sebi, during its meeting held on Wednesday, also approved amendments to rules governing mutual funds and portfolio managers. F...
- No incentives left for banks to push digital pay, fears fintechWhile the finer details are still being evaluated, payments firms are looking at fresh business opportunities in the government’s push towa...
- Central bank makes dissent public, insists on payments board controlThe RBI wants PRB to be under its purview instead as had been stated in the Finance Bill of 2018.
- Government panel calls for sweeping changes to payments lawThe panel’s recommendations were made in a Bill drafted to replace the existing law on payment and settlement systems.
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