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PAYMENT MECHANISMS INDIA RUSSIA
Iran and Oman push Strait of Hormuz fee proposal despite Washington oppositionIran and Oman are pushing for payments from ships transiting the Strait of Hormuz, a move opposed by Washington. This proposal, inspired by...
India, Russia renew focus on human space missionsIndia and Russia are deepening their space collaboration, with a significant push towards human spaceflight and cutting-edge launch systems...
Cashfree Payments bets on cross-border push with travel, investment paymentsCashfree plans to begin pilots this year for overseas investment, travel and business-to-business payment services, expanding beyond online...
India's SBI-backed Cashfree Payments bets on cross-border push with travel, investment paymentsIndian fintech firm Cashfree Payments is set to significantly expand its cross-border operations, aiming to capture growing international t...
India launches UPI in GreeceIndia's digital payment system, UPI, has expanded its global reach with a launch in Greece. This move allows eligible customers instant, se...
Media reports alleging encroachment by Chinese PLA in Arunachal Pradesh incorrect, without basis: Indian ArmyThe Indian Army has firmly denied media reports alleging Chinese PLA encroachment and camp establishment in Arunachal Pradesh, calling them...
Platforms, IAMAI move Karnataka HC against gig workers welfare lawThe petitions come after the state government did not respond to IAMAI's request to defer the levy of the gig workers' welfare fee until th...
RBI's dollar inflow measures buy time, but external risks remainThe Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabiliz...
India, Seychelles unveil 19 outcomes spanning defence, digital payments, space, healthIndia and Seychelles have inked 19 key agreements, bolstering bilateral ties across defense, maritime security, digital payments, space, an...
FEMA rules revision: Exporters flag at least half-a-dozen worriesIndian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liq...
Centre plans Rs 12,000 crore incentive scheme to spur private electric bus adoptionThe government is planning a significant incentive package, potentially worth ₹12,000 crore, to boost electric bus adoption by private flee...
Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analystIndian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...
Middlemen offer Iranian oil to Indian refiners after US waiver, traders sayMiddlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions wai...
RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietorsVictims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The...
Mastercard Move: Who is strategising at Mastercard to eliminate pain points and make money move globally effortlessly?International payments have traditionally been slow, less transparent, and expensive. With growing expectations of better, seamless payment...
RBI expands digital fraud protection, introduces compensation for small-value scam victimsThe RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to sca...
RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...
RBI allows guarantee cover for TReDS financing in fresh directionsThe Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms to secure guarantee cover for fina...
NPCI plans to enable unified e-mandate tracking for all UPI appsThe National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscr...
India, Russia prevented global economy from collapsing: IMEMO chiefRussia and India have forged a new global economic model, preventing global collapse and aiding the Global South with affordable resources....