RBI monitoring payments zone: Dy Governor R GandhiGandhi was speaking at the launch of BharatQR that facilitates smartphone-based QR code-enabled digital payments at retail merchant outlets.
Budget backing for payment regulatory board gives voice to payment industry in regulationsThe new board will replace the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) within RBI.
Govt considering regulator for electronic paymentsBut RBI is not very keen on giving up the regulation on Payment systems.
Mobile wallet companies seek open access to UPI frameworkThe committee, headed by former finance minister Ratan Watal, recommended among many things that access to payment system be opened up.
FinMin invites comments on Watal panel report on digi paymentThe report of the committee, which was set up last August under the chairmanship of Ratan Watal, Principal Advisor, NITI Aayog, to review m...
Ex-finance secretary Watal appointed as principal adviser in Niti AayogAppointed to the post for three years, it came a firtnight after his two month extended tenure as Finance Minister came to an end in April.
States must step up capex, invest more in rural areas: Finance Secretary Ratan WatalWatal said the Centre has accepted the recommendations of 14th Finance Commission and that will give more funds and greater autonomy to sta...
Centre asks states to enhance capital expenditureAddressing the second conference of state finance secretaries here, Watal said the Centre has accepted the recommendations of 14th Finance ...
NDA government gives more fiscal, legislative space to states: Ratan Watal, Finance secretaryIn reference to schemes prioritised by different state governments, Watal said that these would be funded on a 50:50 funding pattern.
Finance Secretary Ratan Watal gets two month extensionWith the Budget-making process under way, government today extended the term of Finance Secretary Ratan Watal by two months till April 30.
Shaktikanta Das designated as Finance Secretary for 15 daysShaktikanta Das was today designated as Finance Secretary for about a fortnight during the absence of incumbent Ratan P Watal.
Finmin mulling abolishing plan, non-plan expenditure: Ratan WatalIn order to link expenditure to the outcome more efficiently, government is mulling doing away with the practice of classifying it as 'plan...
Government tweaks funding pattern of 17 key central schemesIn a major decision that could adversely affect social sector schemes, funding pattern of 17 centrally-sponsored schemes have been brought ...
Interest subsidy regime reform likelyUnder the current structure, the banks provide credit at below market rates. The government makes good the difference to banks, accounting ...
Finance Ministry asks ministries to avoid excess expenditureThe directive comes in the backdrop of Public Accounts Committee criticising the government for excess expenditure and wrongful appropriati...
Sumit Bose is the new Finance SecretaryRevenue Secretary Sumit Bose, an IAS officer of 1976 batch, will be the new Finance Secretary.
Government to consider tax incentive for wind sectorCabinet approved GBI with a retrospective effect for the wind sector. No decision was however taken on AD.