Gandhi was speaking at the launch of BharatQR that facilitates smartphone-based QR code-enabled digital payments at retail merchant outlets.

The new board will replace the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) within RBI.

But RBI is not very keen on giving up the regulation on Payment systems.

The committee, headed by former finance minister Ratan Watal, recommended among many things that access to payment system be opened up.

The report of the committee, which was set up last August under the chairmanship of Ratan Watal, Principal Advisor, NITI Aayog, to review m...

Appointed 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.

Watal said the Centre has accepted the recommendations of 14th Finance Commission and that will give more funds and greater autonomy to sta...

Addressing the second conference of state finance secretaries here, Watal said the Centre has accepted the recommendations of 14th Finance ...

In reference to schemes prioritised by different state governments, Watal said that these would be funded on a 50:50 funding pattern.

With the Budget-making process under way, government today extended the term of Finance Secretary Ratan Watal by two months till April 30.

Shaktikanta Das was today designated as Finance Secretary for about a fortnight during the absence of incumbent Ratan P Watal.

In order to link expenditure to the outcome more efficiently, government is mulling doing away with the practice of classifying it as 'plan...

In a major decision that could adversely affect social sector schemes, funding pattern of 17 centrally-sponsored schemes have been brought ...

Under the current structure, the banks provide credit at below market rates. The government makes good the difference to banks, accounting ...

The directive comes in the backdrop of Public Accounts Committee criticising the government for excess expenditure and wrongful appropriati...

Revenue Secretary Sumit Bose, an IAS officer of 1976 batch, will be the new Finance Secretary.

Cabinet approved GBI with a retrospective effect for the wind sector. No decision was however taken on AD.